Going Concern

AUGUST 30, 2024

StoneTurn’s Brad Wilson wrote an opinion piece for Bloomberg Tax about how business leaders can take proactive steps to address the accountant shortage and I am presenting it here for you to critique. Brad is coming into this from the business leader side, not the accounting firm side. ” Cool. Let’s see your steps, Brad.

accountant 114

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CPA Practice

OCTOBER 12, 2023

post-secondary accounting degrees fell sharply in the 2021-22 academic year, according to a biennial American Institute of CPAs (AICPA) report on trends related to accounting graduation rates, the CPA Exam and hiring demand by accounting firms. Master’s degrees earned at private institutions fell 10.9%

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Going Concern

JANUARY 12, 2024

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. And take our 2024 Predictions for the Accounting Profession survey ! Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. Tingo paid $1.6

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Going Concern

OCTOBER 11, 2022

These businesses have their financial advisory needs served by hundreds of thousands of small firm accountants and CPAs nationwide. Small business has unique needs for accounting services: primarily tax and advising, and secondarily day-to-day accounting needs to act as de-facto controllers and decision makers.

Education 104

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Going Concern

MAY 9, 2023

So far it seems dwindling accounting graduate numbers in the Philippines are mostly affecting in-country businesses and firms, still something worth keeping an eye on. Ten to fifteen years ago, as soon as we graduate from Accountancy school, we would be employed by accounting firms or other local corporations. The salary.

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CPA Practice

NOVEMBER 3, 2023

College graduates with accounting degrees , CPA exam takers , new entrants to the accounting workforce —all these metrics and our experience make us feel there’s a lack of interest in our industry. You can sense the collective anxiety brewing: Is our industry running low on accounting talent? By Andrew Argue, CPA.

accountant 124

accountant accounted Account Technology 124

CPA Practice

JUNE 19, 2023

By Girard Miller, Governing (TNS) S&P Global Ratings recently withdrew its credit ratings on 64 local governments after they failed to file financial updates on time because of staff shortages and delayed audits. Meanwhile, accounting firms were always happy to fill their off-season job calendars with state and local government audits.

Government 98

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CPA Practice

JANUARY 18, 2023

In an effort to support a racially and ethnically diverse student population and help strengthen the pipeline of diverse CPA talent, the Fordham University Gabelli School of Business has announced its collaboration with the Deloitte Foundation in the Deloitte Foundation Accounting Scholars Program (DFASP).

accountant 119

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CPA Practice

AUGUST 30, 2023

How to fix the crumbing talent pipeline in the accounting profession is a topic on the minds of many people these days. Jackie Cardello During the panel discussion, “Accounting Across Generations: Assessing the Current State of the Industry,” the question, “What do we have to change to rebuild the talent pipeline in the accounting profession?”

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Going Concern

AUGUST 16, 2022

” That’s what a stakeholder told me recently when we spoke about the accountant shortage and the growing gap between students getting accounting degrees and recent graduates sitting for the CPA exam. 150 hours is the rule and accounting is nothing if not a pile of rules. THAT’S CRAZY.”

Illinois 98

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CPA Practice

MAY 30, 2023

Additionally, and this is partly anecdotal, candidate numbers were likely higher than would have been usual from about 2007 to 2009-ish, as the economy circled the drain and accounting was one of the only professions in which one could find a job fairly easily.

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Withum

JUNE 18, 2024

Withum is proud to share that Karol Y Haugan , Tax Manager, was nominated for the Florida Institute of Public Accountants (FICPA) 2024 Woman to Watch Awards in the Emerging Leader category. She is heavily involved with recruiting at UCF and in 2020, started providing scholarships to the Dixon School of Accounting students.

Florida 105

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Going Concern

MARCH 17, 2023

Minnesota Society of CPAs has sent a message to educators in the state regarding legislation that would introduce an alternative pathway to CPA licensure and the message to these stewards of the next generation of accountants is clear: no one is trying to eliminate MAcc programs.

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Going Concern

JANUARY 7, 2023

2022 was not exactly a banner year for accounting but if you don’t count the collapse of FTX, it wasn’t terrible for public perception either. Jack Castonguay, PhD, CPA — who btw thinks CPA Evolution might kill accounting as a stand-alone major — tweeted his predictions for the year ahead.

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CPA Practice

JULY 31, 2023

Professionals on the Move is a round-up of recent hiring and promotion announcements from across the accounting space. He provides accounting and assurance services to both public and privately held companies, primarily those within the construction and manufacturing sectors. Deatrick joined the firm in 2009.

Real Estate 97

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Going Concern

JUNE 3, 2022

Accountant Finds Out Client Has “Skeletons In The Closet”, Gets The IRS Involved And Makes Him Lose Everything [ Bored Panda ] It was posted on Reddit so obviously it must be true. Wilson turned it down, though, and opted instead to pursue grad school.

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Accounting Insight

MARCH 8, 2023

Trouble finding qualified staff continues to be a top concern for accounting firms of all sizes, according to the AICPA’s 2023 Top Issues Survey. Your firm obviously needs a certain number of licensed CPAs if you provide auditing services. Today’s labor market is most certainly a challenge for accounting firms.

accounting firms 59

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ThomsonReuters

SEPTEMBER 30, 2024

← Blog home Amidst a changing landscape, audit professionals at all levels have significant questions about the future of audit and the role that technology like AI plays. Forrestall CPAs is a leading metro Atlanta CPA firm offering a full range of services, including audit. Are you ready for the future of audit?

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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. Check out DSCPA.org for more information or to register online.

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CPA Practice

JUNE 5, 2023

Professionals on the Move is a round-up of promotions and hiring announcements in and around the accounting profession. He received bachelor’s degrees in economics and in finance and accounting from the University of Maryland. FORVIS adds Michael Shekel to forensics and valuation team in Washington, D.C. Shekel holds an M.B.A.

Indiana 93

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ThomsonReuters

JANUARY 28, 2022

Tax season is a critically busy time of the year for accountants, and we all know the stress that can come with such a high demand for services during that part of the year. But for some tax and accounting firms, the high volume of clients from January to April represents the majority of their business for the year.

Tax 102

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Angry Accountants

SEPTEMBER 9, 2009

He already has like a billion accountants working for him. Life working as an accountant at the IRS is no mystery -- just watch Stranger Than Fiction , and if you are interested in the job, try here: [link] But what about non-IRS jobs? Currently, there are 220 accountant jobs posted on the federal government's job website.

accountant 52

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Going Concern

NOVEMBER 10, 2022

Well that’s pretty much what’s happening in accounting right now. From the first KCCI story : The Iowa State Auditor’s Office is looking at college graduates with 2-year degrees to help fill open accounting positions. Historically, we have required those accountants to have a four-year college degree.

Iowa 52

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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.

accountant 52

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Going Concern

OCTOBER 24, 2022

From last Friday’s Footnotes ICYMI : Deloitte is delaying offers in India, KPMG flunks audit inspections at twice the rate of other firms, PwC is hiring more minorities, and EY is putting out press releases about all the hiring it is doing in the UK. The accounting profession is incubating the next big tech boom.

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CPA Practice

MAY 25, 2023

The Illinois CPA Society (ICPAS) has presented its Outstanding Educator Award to two Illinois accounting faculty as part of its 2023 awards program. Accounting educators are instrumental in stewarding the next generation of leaders into the profession,” says Geoffrey Brown, CAE, president and CEO. Madeline K. Trimble, Ph.D.,

Illinois 52

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CPA Practice

JUNE 27, 2024

The fund is a program developed by the Controllers Council and administered by the AICPA Foundation , a charitable organization of the American Institute of Certified Public Accountants. Financial and corporate controllers are often CPAs with public accounting backgrounds.

CPA 52

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Going Concern

FEBRUARY 24, 2023

What’s at risk: A legal review of the proposed changes has been conducted by the National Association of State Boards of Accountancy (NASBA). As the member organization for all state boards of accountancy in the United States, NASBA spelled out key consequences for Minnesota licensees and firms.

Minnesota 98

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CPA Practice

MARCH 18, 2024

Top 500 accounting firm JHM Certified Public Accountants, based in Chattanooga, is expanding its presence in eastern Tennessee by combining with Harting, Bishop & Arrendale (HBA) in Cleveland, TN. The combined firm will operate under the name of JHM Certified Public Accountants. million in its most recent fiscal year.

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Going Concern

MARCH 25, 2022

These are the 5 most ‘boring’ — and exciting — jobs in the world, according to a recent study [ CNBC ] You’ll be happy to hear accounting made #2 on the most boring list. Don’t feel bad, MY job ranked #3 most exciting and I assure you it absolutely is not, I write about accounting after all. “I PCAOB Spotlight PDF here.

tax return 52

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ThomsonReuters

JANUARY 29, 2024

Today’s accounting firm leaders are constantly grappling with two pivotal challenges: attracting top-tier talent and holding on to the people they have. By integrating advanced software solutions, firms can streamline their operations and send a clear message: they are prepared to evolve and adapt to the future of accounting.

Technology 52

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CPA Practice

NOVEMBER 2, 2023

Senior executives and students alike are optimistic about the future of the accounting profession, according to a new survey from Ernst & Young LLP ( EY US ). However, the findings also uncover a disconnect in how a career in accounting should be promoted and what the next generation of accountants is looking for in an employer.

cpas 52

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CPA Practice

JANUARY 11, 2024

Before joining CohnReznick, Kavanagh was a partner for a Big 4 firm where he served as the audit engagement partner for two components of a Fortune 100 aerospace and defense company’s engagement and was the engagement partner at the issuer level for multiple SEC clients. BWK) recently expanded its staff by 20%.

Delaware 59

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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.

public accounting 59

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RitaKeller

FEBRUARY 18, 2021

You hire them because they have an accounting degree, they received good grades and they interviewed well. You teach and train them to perform the basic duties of an accountant working in public accounting. Someone seems simply loves working in the tax area and dreads being drafted to be on an audit team.

tax return 40

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RitaKeller

JUNE 16, 2021

It seems that accounting students don’t see the value in devoting the time and energy to become a CPA. Is it worth it to become a CPA, in public accounting, when average partner compensation in $5 to $20M firms is half a million? Plus, flexible work arrangements make public accounting very attractive.

Illinois 45

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CTP

AUGUST 11, 2022

They’ll apply the complexity of court cases and law to your specific circumstances, and they’ll do it with full documentation and audit preparation in the event a tax authority scrutinizes your positions. This can be uncomfortable for the majority of tax professionals who want to offer tax planning, yet lack the background or education.

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