Going Concern

JANUARY 7, 2023

Audit failures will become more frequent & high profile ( #FTX now, what next year?). Regulators will increase pressure to improve audit quality, as they should. CPA Evolution will depress the pipeline further. Jack Castonguay, PhD, CPA (@profjackc) January 4, 2023. More pressure = more hours = more turnover = more pressure….

CPA 98

CPA accounting degree audit Account 98

Going Concern

OCTOBER 11, 2022

The need for formal financial statements is rare because lenders realize the high cost of audited financials is not beneficial to either party, so usually a tax return or basic prepared or compiled financial statement is provided. auditing requirements in its component audits of U.S. September 12, 2021. June 28, 2022.

Education 104

Education accountant Account accounted 104

CPA Practice

MAY 30, 2023

Citing the newly released AICPA and CIMA 2022 Integrated Report , the number of people who took the CPA exam in 2022 was about 67,000, down from 72,000 in 2021 and short of the AICPA’s 2022 forecast of 74,000. FT reported that was the lowest amount of CPA exam takers in at least 17 years.

CPA 116

CPA cpas accounting degree audit 116

CPA Practice

JUNE 5, 2023

She brings deep experience in leading finance organizations at high-growth SaaS companies through IPO and beyond and serves on both the board of directors and audit committees for public and private companies. in October of 2021. Medallia was publicly traded (NYSE: MDLA) until its purchase by Thoma Bravo for $6.4B

Indiana 93

Indiana Massachusetts Real Estate CPA 93

Going Concern

APRIL 20, 2022

As I snarkily mentioned last week , the AICPA has finally released its much-anticipated 2021 Trends in the Supply of Accounting Graduates and the Demand for Public Accounting Recruits (or Trends , for short) report [PDF here ], a behemoth data dump of accounting industry stats first released in 1971 and released every two years since 2009.

accountant 52

accountant Account accounted CPA 52

Going Concern

NOVEMBER 10, 2022

According to the Bureau of Labor Statistics, the number of Americans working as accountants and auditors has dropped 17% since 2019. It’s actually a bit worse than that, the 2021 AICPA Trends report shows accounting enrollments peaked in 2015-16 and have been on a downward slide since. via 2021 AICPA Trends report.

Iowa 52

Iowa auditor accountant Account 52

Going Concern

FEBRUARY 12, 2024

Someone you know spoke to NPR’s Marketplace for this story: Some accountants are turning away new customers this tax season Tax filing season is here and if you’ve been putting off finding a CPA, good luck. And how did another American firm earn more than six million dollars in net new audit fees? Do you have room?’

auditor 72

auditor accountant Account accounted 72

CPA Practice

JANUARY 18, 2023

In an effort to support a racially and ethnically diverse student population and help strengthen the pipeline of diverse CPA talent, the Fordham University Gabelli School of Business has announced its collaboration with the Deloitte Foundation in the Deloitte Foundation Accounting Scholars Program (DFASP).

accountant 119

accountant Account accounted Education 119

ThomsonReuters

JANUARY 28, 2022

If you’re not familiar with bookkeeping services, you can take courses online, and you do not need an accounting degree to perform bookkeeping services. Helping with tax audits or legal concerns related to taxes. Business tax preparation. Preparing and filing 1099 forms at the end of the year. Filing quarterly employment taxes.

Tax 102

Tax tax preparation bookkeeping bookkeeping services 102

Going Concern

MARCH 25, 2022

PCAOB cautions firms on use of outside service providers for audit confirmations [ Accounting Today ] The Public Company Accounting Oversight Board issued a Spotlight publication Monday containing some observations and reminders for auditing firms about relying on outside service providers for electronic audit confirmations.

tax return 52

tax return audit auditor cpas 52

Going Concern

JULY 14, 2022

New accounting graduate numbers continue to trend down which is of greater concern than early-career accountants jumping ship from Big 4 firms at the two year mark. Now the problem of waning interest in accounting as a major may or may not end up being a huge issue considering 42.7%

public accounting 59

public accounting CPA accounting degree cpas 59

RitaKeller

JUNE 16, 2021

CHICAGO, June 14, 2021– Unveiling the findings of its previously announced research into the decreasing supply of new certified public accountants (CPAs), the Illinois CPA Society (ICPAS)—one of the largest state CPA societies in the nation—is pleased to release its 2021 Insight Special Feature, “A CPA Pipeline Report: Decoding the Decline.”.

Illinois 45

Illinois cpas CPA accounting degree 45