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Tuesday Morning Accounting News Brief: CPA Numbers Are Abysmal; PwC Blocked Government Inquiry | 5.30.23

Going Concern

FT dropped this over the weekend : Candidate numbers for US accountancy exams drop to lowest in 17 years New figures from the American Institute of Certified Public Accountants showed the shortage of CPA candidates that has plagued the profession in recent years worsened in 2022, dashing hopes for a quick rebound from the pandemic.

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KPMG Was Too Cheap to Pay Foreign Graduates More So They Yanked All Their Job Offers

Going Concern

But not accountants. Reports FT: KPMG has revoked job offers to some foreign graduates in the UK after the government tightened visa rules for overseas workers in an effort to cut record immigration.

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New Bill Seeks To Clarify Legal Status of Digital Assets in the UK

Menzies

Menzies LLP - A leading chartered accountancy firm. The update will also bolster the country’s influence in the global legal landscape, where English law governs £250 billion of mergers and acquisitions and 40% of corporate arbitrations.

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Friday Footnotes: Where the Audit Jobs Are; Big BDO Hires; A New Gig For PwC Alum | 9.9.22

Going Concern

Accounting department has record year at annual Meet the Firms event [ St. Who says interest in accounting is down these days! The figure includes salary, car allowances and bonuses, and points to what Chartered Accountants Ireland said was the “continued strong earning prospects for chartered accountants”.

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Northern Ireland Protocol update – summary of issues document from the Government

Menzies

Menzies LLP - A leading chartered accountancy firm. Last week, the Northern Ireland Protocol Bill was introduced to parliament and the Government published a document, setting out the issues facing Northern Ireland and how the Bill will seek to resolve them.

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A New Zealand Accountant Took Client Retention to a Whole Other, Insane Level

Going Concern

It appears all of this (alleged) behavior stems from the accountant not wanting to lose her clients and lashing out at them when they tried to call things quits. ” The client was a bakery that ran into problems when they tried to switch to a different accountant. .”

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Senior Accounting Officer (SAO) Help sheet

Menzies

Menzies LLP - A leading chartered accountancy firm. The Senior Accounting Officer (SAO) is a regime where large companies / groups are required to appoint an individual to act as their SAO and the SAO must certify each year whether there are “appropriate tax accounting arrangements” in place. What is the SAO?