CPA Practice

JUNE 1, 2023

million filings in 2024, and 5-6 million filings each year thereafter, with the potential for steep penalties for the taxpayer. The coalition includes the following organizations: AICPA Latino Tax Pros National Association of Black Accountants, Inc. It is estimated that there will be 32.6 in Ahmedabad, Gujarat, India.

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Going Concern

MAY 17, 2024

Sad prediction: AI and offshoring are going to wreck the accounting profession in the next decade. Y’all keep promising this, and we keep begging y’all to make it come true… — Jeremy Wells (@JWellsTax) May 14, 2024 Of all the responses (“It can’t come soon enough” was my favorite), it’s this one I want to flag.

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Going Concern

SEPTEMBER 30, 2024

While EY had applied for the registration in February 2024, it was rejected because the company had not applied since 2007. They opened up testing centers all around India in 2020 and Philippines in 2024 and allowing people there without any US college credits to sit for exams.

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Going Concern

MAY 20, 2024

The resulting 2024 Insight Special Feature, “Re-Decoding the Decline: An Updated CPA Pipeline Report,” reveals respondents’ perceptions of CPAs and the CPA credential, along with the top challenges and deterrents driving their decisions to pursue the CPA credential or not. There were 8.5 million openings, down from 8.8 million in March 2022.

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Going Concern

MAY 30, 2024

As mentioned in this week’s news brief, the Institute of Chartered Accountants in England and Wales (ICAEW) put together a snazzy little report on the state of mid-tier firms based on a survey of managing partners. Private Equity Move over talent, private equity is the profession’s hottest topic of 2024.

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CPA Practice

JULY 8, 2024

AICPA News is a collection of recent announcements from the American Institute of CPAs and the Chartered Institute of Management Accountants. Congratulations to the following Recipients of the 2024 Outstanding Young CPA Award: Nicole DeRosa, CPA, MAcc, Wiss & Company LLP Shakor J.

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Going Concern

MAY 3, 2024

The Institute of Chartered Accountants of India (ICAI) has passed an order against three affiliates of auditing major EY and a retired partner for “professional misconduct”. The Institute of Chartered Accountants of India (ICAI) and the Ministry of Corporate Affairs are laying down the ground work for this. “We

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