Going Concern

MAY 9, 2023

This is from CNN Philippines in March : The country is facing a shortage of accountants as college enrollment for this field of study dropped while those licensed chose to work abroad, a group of certified public accountants said on Friday. There are about 200,000 certified public accountants (CPAs) as of 2023.

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Going Concern

MARCH 17, 2023

When evaluating the decision to pursue legislation, the MNCPA board focused on attracting students to the accounting degree and, ultimately, CPA certification. Both college accounting programs and the profession will benefit with more students enrolling in accounting programs.

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CPA Practice

JUNE 5, 2023

The Society will award the $5,000 scholarship each year to a deserving undergraduate or graduate student pursuing an accounting degree in Massachusetts. The Delaware Society of Certified Public Accountants (DSCPA) is offering the Delaware Ethics for CPAs course.

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Going Concern

JUNE 3, 2022

The Financial Accounting Standards Board adopted CECL in 2016, prompted by criticism that banks had booked losses too slowly in the run-up to the 2008 financial crisis. Life at Deloitte US (@lifeatdeloitte) June 1, 2022. EY US (@EY_US) June 1, 2022. KPMG US (@KPMG_US) June 1, 2022. PwC US (@PwCUS) June 2, 2022.

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Going Concern

OCTOBER 11, 2022

They have learned nothing about the needs of small business with minimal (if any) coverage of financial statement preparation without an audit, working for clients without an internal accounting department, or the realities of being a small business advisor. September 29, 2022. June 28, 2022. February 15, 2022.

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CPA Practice

AUGUST 8, 2023

Couple the fierce competition and the obvious deterrents with an increasing shortage of accounting majors, and you’ve created a talent crisis and potentially jeopardized the industry’s future. Some graduates have also been found to enter consulting or finance roles, seeking a quicker payday, leaving accounting firms in a difficult position.

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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.

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Going Concern

JANUARY 12, 2024

million in audit fees in 2022.) The Financial Reporting Council (FRC) levied record-level fines against auditors over 2022/23 after it promised to become more “forceful” after it was heavily criticised for the slow pace of its investigations. According to a report by Thomson Reuters, the accountancy regulator has fined auditors £33.2m

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KROST

APRIL 2, 2021

. – KROST CPAs and Consultants, the Los Angeles-based firm, has announced their co-sponsorship of the American Institute of Certified Public Accountants’ ( AICPA) Private Companies Practice Section (PCPS) George Willie Ethnically Diverse Student Scholarship & Internship Program. ABOUT KROST CPAS & CONSULTANTS.

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CPA Practice

JANUARY 11, 2024

The boost follows the hire of public accounting veteran Jay Trumbower as CEO in late 2022. Chris earned an accounting degree from the University of Georgia and a master’s degree in accountancy from Georgia State University. BWK) recently expanded its staff by 20%.

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Going Concern

JULY 14, 2022

Perhaps in other industries the tide may be turning and potential recruits will soon have to beg to be let in through the ATS gate of HR departments everywhere but we aren’t here to talk about other industries, we’re here to talk about accounting. The talent crunch in accounting is nothing new. So none, basically.

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Going Concern

OCTOBER 24, 2022

In lieu of pictures, please accept this embedded YouTube video: Reddit discusses accounting degrees. “This whole idea of an employee kind of moving from one country to the other and updating the employer as they go—in my opinion, it’s not actually realistic.” Lots and lots of pictures.

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Going Concern

JUNE 15, 2023

From the JofA piece: One of the early warning signs that major changes in accounting education were needed came when major CPA firms reengineered themselves as “professional services” rather than “public accounting” firms. OH MY GOD this could have been written in 2022.

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Going Concern

MARCH 25, 2022

Mary (@AccountingAsArt) March 25, 2022. SEC accepts FASB’s 2022 reporting taxonomies [ CFO Dive ] The Securities and Exchange Commission has accepted updates to the Financial Accounting Standards Board’s GAAP Financial Reporting Taxonomy and SEC Reporting Taxonomy, FASB has announced.

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Going Concern

JUNE 28, 2024

Established in 2022, BDO’s AQAC provides input on the firm’s system of quality management, directly advising BDO’s CEO and board of directors on audit quality matters. AI, accounting degrees coming to state universities [ SDPD Radio ] Two new programs in the state university system aim to help tackle high-demand career needs in South Dakota.

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