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Gen X? Never Heard of Them! Accounting Firms Are Overrun by Millennials and Gen Z

Going Concern

TLDR: Boomer numbers at accounting firms appear to be dwindling, more than half of staff at firms are under 40, Gen X gets ignored as usual as if they don’t exist. Recruiting costs as a percentage of net revenue are less than 1% for firms at all revenue sizes. Sorry, mid-40s to late-50s. You’re used to it.

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Rejoice, IPA Has Dropped Its List of ‘Best of the Best’ Public Accounting Firms

Going Concern

The ranking enthusiasts at INSIDE Public Accounting have dropped their much-anticipated 2023 Best of the Best list and because there’s nothing we at Going Concern love more than a dick revenue-measuring contest, we are thrilled to share the results with you. Chosen from 600 U.S. million to $1.6 billion in net revenue.

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PCAOB Gives Chinese Audit Firm the Boot Over Rules Violations

CPA Practice

The Public Company Accounting Oversight Board (PCAOB) revoked the registration of a Chinese audit firm on Nov. First, on multiple occasions, the accounting firm failed to timely report the participants in its issuer audits on PCAOB Form AP, in violation of PCAOB Rule 3211, Auditor Reporting of Certain Audit Participants.

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The Parallel Problems of Public Accounting & Major League Baseball

CPA Practice

The Houston Astros won the 2022 Major League Baseball World Series on November 5, and ready or not, spring training will kick off the 2023 season when pitchers and catchers report on February 14. Let’s look at some of the parallel problems facing both public accounting and MLB. By Chris Vanover. Shifting demographics.

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Public Accounting Starting Salaries Expected to Increase Nearly 4% in 2024

CPA Practice

next year, according to a CPA Practice Advisor analysis of public accounting pay data provided by specialized staffing firm Robert Half. Robert Half’s salary guide for 2024 was released on Monday, featuring starting salary projections for a plethora of roles in accounting and finance. Overall average increase: 3.6%

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These 10 LCOL Cities Are Expected to Have Higher-Than-Average Public Accounting Starting Salaries in 2023

Going Concern

Over the last week we ’ve taken a look at projected public accounting starting salaries in 2023 for eight cities with a high cost of living and 12 cities with a medium cost of living , and how those salaries compare to the national averages contained in the 2023 Robert Half Accounting & Finance Salary Guide.

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PwC Finishes First In Vault’s Accounting Firm Prestige Ranking For the Gazillionth Time (2023)

Going Concern

Another year, another first-place finish for PwC in Vault’s ranking of the most prestigious public accounting firms. At this point, you can just pencil in PwC as being the most prestigious firm now until the end of time. PwC also held the title of most prestigious firm in 2008. Deloitte (2). Grant Thornton (5).