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Friday Footnotes: The Bravest of Accounting Firms; Oh STFU, CFOs; | 8.09.24

Going Concern

Exclusive: China asks large state financial institutions to drop auditor PwC, say sources [ Reuters ] Chinese regulators have in recent months asked several large state-owned clients of PricewaterhouseCoopers (PwC) to drop the auditor as it braces for penalties over its work for troubled property developer Evergrande, said two sources.

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5 Ways to Attract and Retain Talent in the Accounting and Finance Industry

Cherry Bekaert

Accounting and finance employment is projected to grow 4% from 2022 to 2032, with about 126,500 openings for accountants and auditors each year on average. Further adding to the issue, fewer CPA examinations are taken each year as the appeal to a career in accounting declines among college students—thus creating a CPA shortage.

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Mastering Labor Challenges Can Drive Growth for CPA Firms

CPA Practice

Bureau of Labor Statistics estimates employment of accountants and auditors to grow by about 4% each year through 2032, with an annual number of job openings expected to be about 126,500. The results are profound: more than 99% of the top CPA firm leaders in the US said they can’t adequately fill their staffing needs domestically.

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