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How to Turn a Shortage of Accountants Into an Opportunity for Businesses

CPA Practice

The alarm bells in accounting have been ringing for years: fewer people want to join – or stay – in the profession. The American Institute of Certified Public Accountants (AICPA) said in its “2023 Trends” report that the percentage of accounting graduates fell 7.8% Pay a more attractive entry-level accounting salary.

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Here Are Even More 2024 Accounting Salary Projections

Going Concern

Last month we took a look at the 2024 Robert Half Salary Guide to get an idea what public accounting salaries should be in the range of next year, today it’s a similar report from Addison Group and their 2024 Workforce Planning Guide. The guide covers several industries, we are of course only here for accounting.

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Letter to the Editor: Life in Public Accounting Doesn’t Add Up For Young Professionals

Going Concern

Because of him and others at the firm, I decided to stick with the accounting profession and finish out my four years at Dordt. I watched as the CPAs/partners there coached people through their business, worked with them 1 on 1, and showed them places they could and couldn’t save money. Crazy how that works. It’s a special place.

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Guy Who Works at a Firm Actually Named FML on Why Accounting Is a Great Career

Going Concern

So a guy named Brian Kelleher who works for the hilariously named FML CPAs has written an opinion piece for the Hartford Courant entitled “Opinion: Accounting is a fantastic career — despite common misconceptions.” Yes, accountants have incredible lifetime earning potential. The CPA exam is hard.

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Friday Footnotes: The IRS Has Another ERC Warning; Non-Big 4 Firms Get Dissed; Is AI Excitement Warranted? | 7.26.24

Going Concern

ICYMI These are the top stories on Going Concern this week You Can Sit for the CPA Exam in the Philippines Now Golf Fans Everywhere Now Think BDO Sells Dildos and Lube Just How Much Have Accounting Salaries Increased in the Last Five Years? Who Wants to See How Much Big 4 Revenue by Service Line Has Changed Since SOX?

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Friday Footnotes: EY Partners Are Split on the Split; PCAOB Further Annoys Auditors; Recruiting Events Are Back! | 3.31.23

Going Concern

“It’s a war,” declares Fran Randall, a partner and Richmond market leader for Forvis, one of the nation’s top 10 accounting firms. Stephanie Peters, CEO and president of the Virginia Society of CPAs (VSCPA), seconds that assessment. Everyone is fighting for the same talent.” He previously held various tax roles at KPMG.

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This Accountant Shortage Nonsense Reeks of Deja Vu

Going Concern

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. Which is to say, we done been knew. Nothing changes if nothing changes.