CPA Practice

DECEMBER 3, 2024

UHY is getting an injection of private equity funding from Boston-based investment firm Summit Partners, calling it a significant milestone in its growth and strategic development, the top 30 accounting firm said on Dec. With this deal, more than 35% of the top 30 accounting firms in the U.S. In the U.S.,

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Going Concern

JANUARY 3, 2025

Psst, take our 2025 Predictions for the Accounting Profession survey. Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default.

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Going Concern

FEBRUARY 6, 2025

Two years ago, two years after the first major private equity investment in a top 20 firm kicked off a flood of similar investments in some of the largest non-Big 4 firms in the country, the AICPA formed a task force to “look into issues raised by private equity investors in accounting.” On paper, anyway.

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Withum

JANUARY 30, 2025

The accelerated and large accelerated filers are required to comply with SOX 404(b) requirement, which mandates external auditors opinion on ICFR. Engage a qualified CPA firm and align on prioritization of financial statement areas for GAAP compliance. All publicly traded companies in the U.S.

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CPA Practice

NOVEMBER 1, 2023

CPA firm leaders outlining staffing plans for the coming year can’t help but worry if they will hit their hiring goals. This concern is not misplaced: Research for the 2024 Salary Guide From Robert Half found that organizations in both public and corporate accounting are grappling with an accountant shortage.

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CPA Practice

JANUARY 24, 2024

If employee retention isn’t already a priority focus for your CPA firm, you may want to make it one — and soon. Research from Robert Half found that 27% of finance and accounting professionals in the United States are either looking for a job right now or planning to do so in the next six months.

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ThomsonReuters

DECEMBER 17, 2020

With the recent rash of public company fraud issues that were missed both internally and by external auditors, there has been a lot of negative news coverage for the accounting industry. But what does this mean for small CPA firms who don’t perform audits? In this episode of Pulse of Practice “Should a Small Firm Care?”,

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CPA Practice

FEBRUARY 28, 2024

Here’s some news from the labor market that’s both good and bad for CPA firm leaders and other employers of accounting and finance talent. The upside for CPA firms is that retaining talent should be a little easier, at least for the near term. Does your firm offer jobs, or careers?

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Going Concern

OCTOBER 10, 2024

Are you having trouble finding remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? With our Always-On Recruiting service, you can access a pool of top remote accounting candidates without any upfront costs. Accountingfly can assist you!

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TaxConnex

APRIL 25, 2024

Tupperware recently admitted that it lacked enough accountants to get its annual report out on time. Fewer students are gravitating toward accounting even as educational requirements have intensified. Accounting is perceived as too specialized and boring – and offering lower pay than other majors such as finance and technology.

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CPA Practice

JULY 30, 2024

But a recent industry survey found that 42% of accounting firms are doing exactly that. Separate research from Robert Half for the 2024 Demand for Skilled Talent report confirms that most hiring managers for accounting and finance organizations (87%) are facing challenges recruiting talent right now. The reason?

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AdviceForTaxpreparers

SEPTEMBER 8, 2020

by Bill Meador, CPA, JD. My name is Bill Meador and I am writing a book to help tax staff succeed in a public accounting firm tax department. Now I understand the first reaction of many accountants to the concept of selling anything. Earn $20 per Book Promoting My Tax Preparer Book from Home in Your Spare Time.

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Going Concern

OCTOBER 17, 2024

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Going Concern

OCTOBER 24, 2024

Are you having trouble finding remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? With our Always-On Recruiting service, you can access a pool of top remote accounting candidates without any upfront costs. Accountingfly can assist you!

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CPA Practice

AUGUST 31, 2023

After Duke Alexander Moore got a sneak peek at the questions he and the two other panelists would be asked during a session at the 2023 Unique CPA Conference, “Bridging the Gap,” there was a topic he knew nothing about, even as the owner of a tax and accounting business: the traditional accounting firm partnership business model.

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CPA Practice

APRIL 12, 2023

However, this focus on numerical indicators is contributing to the decline of the CPA profession itself. A talent shortage is affecting accounting firms across the demographic spectrum. Each year fewer accountants enter the profession while more CPAs near retirement. Has the CPA license entered a death spiral?

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CPA Practice

AUGUST 5, 2024

CPA firm leaders that view their multigenerational workforce as a source of competitive advantage have the right outlook. But harnessing the strengths of each group, from the Silent Generation to Generation Z, can create significant upside for your business — and help position your firm for future success. By Steve Saah.

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Going Concern

DECEMBER 5, 2024

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Going Concern

NOVEMBER 27, 2024

Are you having trouble finding remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? With our Always-On Recruiting service, you can access a pool of top remote accounting candidates without any upfront costs. Accountingfly can assist you!

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Going Concern

NOVEMBER 21, 2024

Are you having trouble finding remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? With our Always-On Recruiting service, you can access a pool of top remote accounting candidates without any upfront costs. Accountingfly can assist you!

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RogerRossmeisl

JUNE 26, 2022

Originally issued in 2004, the purpose of the Audit Techniques Guide (ATG) was to offer guidance to IRS auditors auditing cost segregation studies. The IRS maintains a library of Audit Techniques Guides (ATGs) intended to help IRS examiners during audits by providing insight into issues and accounting methods unique to specific industries.

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Going Concern

OCTOBER 14, 2024

An ‘everygirl’ tells the tale of being pressured to choose a major, landing on accounting, and regretting the decision in ‘ I Was Dedicated to My 5-Year Plan—and Then It Blew Up in My Face ‘: It was the fall semester of my sophomore year of college. Land an internship at a prestigious accounting firm.

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Going Concern

NOVEMBER 7, 2024

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Going Concern

JANUARY 30, 2025

Are you having trouble finding remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? With our Always-On Recruiting service, you can access a pool of top remote accounting candidates without any upfront costs. Accountingfly can assist you!

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CPA Practice

FEBRUARY 9, 2023

AuditClub, the Audit Service Center, and AuditFile, developer of the award-winning cloud-based audit automation platform, will collaborate to combine audit technology with fractional auditors to ease the challenges faced by CPA firms and internal audit teams in performing audits and reviews.

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Going Concern

APRIL 7, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Build ChatGPT into Excel [ Journal of Accountancy ] Note that this process currently works in Microsoft Excel 365, Microsoft Excel 365 for Mac, and Excel for the web. I can imagine it.

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Going Concern

NOVEMBER 13, 2023

A year and a half after the SEC announced a record $100 million fine against EY , the ghost of cheating past continues to haunt the firm. This is the largest administrative penalty the Texas Board has ever assessed against a CPA firm. Earlier: How Exactly Did EY Auditors Cheat on CPE Exams? That’s it.

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Going Concern

MARCH 13, 2025

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Going Concern

SEPTEMBER 5, 2024

Are you struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? With our Always-On Recruiting service, access a pool of top remote accounting candidates without any upfront costs. Accountingfly can help!

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Going Concern

OCTOBER 31, 2024

Are you having trouble finding remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? With our Always-On Recruiting service, you can access a pool of top remote accounting candidates without any upfront costs. Accountingfly can assist you!

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CPA Practice

MAY 9, 2023

But employers — including CPA firms — shouldn’t assume they can breathe any easier when it comes to retaining in-demand talent. Notably, nearly two-thirds (62%) of respondents reported that their companies want to hire accounting and finance professionals for permanent roles. So, accounting talent is, indeed, in limited supply.

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Going Concern

AUGUST 31, 2023

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Going Concern

FEBRUARY 8, 2023

As CEO of a staffing firm that connects companies with professionals in Mexico, every day I speak with accounting firms, CFOs and other executives looking to hire accountants and other financial professionals in the U.S. despite having more than double the population, has just over 665,000 actively licensed CPAs.

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Going Concern

OCTOBER 3, 2024

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Going Concern

SEPTEMBER 19, 2024

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Going Concern

JANUARY 17, 2025

Are you having trouble finding remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? With our Always-On Recruiting service, you can access a pool of top remote accounting candidates without any upfront costs. Accountingfly can assist you!

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Withum

MAY 9, 2024

In two weeks, I will be teaching a graduate course on audit concepts and methods to accounting students at Fairleigh Dickinson University. However, my role is not just to teach the material but to excite them about accounting as a profession and auditing in particular and share my pride in the vital role auditors play in our ecosystem.

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