Accounting Insight

SEPTEMBER 30, 2024

Accounted LTD, one of the UK’s youngest black-owned accountancy firms, is proud to announce the success of its 2024 Summer Internship Program, marking the second year of hosting in London and the first time expanding to Birmingham.

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ThomsonReuters

JULY 6, 2023

But for individuals who’ve already chosen an accounting career path, there lies an opportunity to capitalize on a changing landscape and make your mark in a profession that’s in demand, but in a new way. What career can an accountant switch to? And that’s where Thomson Reuters Practice Forward ® comes in.

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CPA Practice

JUNE 6, 2023

The leaders also interacted with technology vendors in frank, back-and-forth dialogue about elevating firms into more valuable advisory services, and how advanced firms can help educate others. The goal of enhancing the image of the profession among students, and elevating the appeal of accounting careers, was a notable focus.

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Going Concern

OCTOBER 14, 2024

Land an internship at a prestigious accounting firm. Fast forward to her sitting for the CPA exam 10 times and failing 9 while still in grad school… I had a glaring red flag in front of me that I was in the wrong profession, and yet, I clung to my career in accounting because it was a part of the plan.

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Going Concern

FEBRUARY 23, 2023

We suspect that were accounting firms to raise salaries in a significant way, talent would follow. Because salaries did not budge much over the past 15 years and because workloads became heavier and heavier as the years wore on, the perceived value of an accounting career eroded more and more with each passing year.

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CPA Practice

MAY 2, 2023

The demand for accountants has steadily increased due to business growth and tax regulation complexity, while fewer students pursue accounting as a profession. Encouraging more students to pursue accounting careers is necessary to meet the growing demand for skilled professionals in this field.

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Going Concern

OCTOBER 30, 2023

PwC has picked the head of its international advisory business, Mohamed Kande, to be its next chair, putting the Big Four accounting firm in the hands of a consulting partner. Kande’s selection by PwC’s global board was revealed to the firm’s partners on Monday, according to people familiar with the internal message.

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Going Concern

SEPTEMBER 15, 2023

A number of accounting firms,1 public companies, professional membership associations and other key stakeholders raised concerns. In addition, in a rare occurrence, PCAOB board members Christina Ho and Duane DesParte — the only two certified public accountants on the board — issued public dissents when the PCAOB issued the proposal.

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CPA Practice

MAY 18, 2023

But modest starting salaries , horrible work/life balance (especially in public accounting), and time-consuming and strict requirements to obtain CPA licensure have resulted in declining student interest in accounting careers—thus creating a talent shortage in the profession.

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CPA Practice

JANUARY 25, 2023

Murdock is a licensed CPA who began his public accounting career with Deloitte in North Carolina where he spent nearly six years achieving the position of audit manager. CPA firms and companies are at a crossroads with greater accounting and auditing complexity and record turnover driven by a mobile and empowered workforce.

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CPA Practice

DECEMBER 11, 2023

The additional year of college education required for CPA exam eligibility adds to the financial strain, further diminishing the attractiveness of an accounting career to potential entrants. Many accounting firm owners, in an attempt to maximize profits, have historically kept staff wages relatively low.

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CPA Practice

JUNE 6, 2023

Your accounting career can be everything you envision while you also have the life you value. How would you advise accounting firms on how they can better attract, retain, and advance more women? Be realistic about your priorities and feel empowered to choose what is important to you at different moments in your life.

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Going Concern

AUGUST 29, 2023

Accounting is a field with high demand, and successful accounting students are virtually guaranteed employment upon (or even prior to) graduation. I’m involved in recruiting for one of the largest accounting firms in Connecticut. Yes, accountants have incredible lifetime earning potential.

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Xero

JULY 7, 2022

I am excited to serve in a client-facing role and experience the day-to-day responsibilities of a tax consultant at a Big Four accounting firm. What motivated you to pursue accounting as a career path? I took an introductory bookkeeping accounting class during my sophomore year.

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Withum

AUGUST 16, 2023

The students may also sit for the CPA exam during the program, affording them the opportunity to become licensed CPAs by the time they start their accounting career as full-time, entry-level Staff I team members at the Firm. Mary Kate Naatus, Ph.D. Joyce Strawser, Ph.D.

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CPA Practice

MAY 14, 2024

The students are working through the universities and accounting firms to be able to get structured experience, so to speak, that fulfills the criteria with the right oversight and allows the credits to be on a transcript for the college,” Kessler told CPA Practice Advisor in an interview. NPAG says in the report.

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CPA Practice

NOVEMBER 29, 2023

They are also evaluating how they currently engage young people across the state, and are looking to engage students as early as freshmen in high school to drive their interest in accounting careers. One key long-term objective is to support and grow the number of new CPAs entering the profession.

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CPA Practice

JUNE 24, 2024

It’s summer intern season at public accounting firms nationwide, but the interns at top 10 firm CLA (CliftonLarsonAllen) look even younger than the usual fresh-faced college students who walk the hallways and man the cubicles. With interest in an accounting career waning among college students in the U.S.,

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Nancy McClelland, LLC

JANUARY 20, 2024

Three Main Themes , as outlined by the producers: Integrating passions and work: The importance of integrating passion and personal interests into professional work, as seen through Nancy McClelland’s incorporation of dancing into her accounting career.

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Account accountant accounted accounting careers 52

ThomsonReuters

JANUARY 4, 2024

Nearly 9 in 10 accountants want a better work-life balance, while just over 70 percent would like more help from their organizations to manage mental health, according to ACCA’s Global Trends Survey 2023. Long hours and heavy workloads are nothing new for many accounting professionals.

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ThomsonReuters

SEPTEMBER 24, 2024

Jump to ↓ Understanding AI’s impact Step 1: Cultivating an AI-savvy culture Step 2: Developing an AI roadmap Step 3: Implementing AI responsibly Are you ready to become an AI-ready firm? But as an accountant, where do you begin in building an AI-ready firm?

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ThomsonReuters

FEBRUARY 27, 2024

Sandy Heit’s path to owning her own accounting firm was a bit unconventional — and ultimately involved her love for photography. She pursued accounting due to a combination of a love for math and heeding her mother’s advice to have a stable job.

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Snyder

MARCH 6, 2023

So, let’s look at the accountant roles of today and the current trends that influence what the roles of an accountant of tomorrow will entail. Hop on reading to learn more about the role of an accountant: 1. Accountants: a quick job description 2. What influences the change in accountants’ role and functions?

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Going Concern

JULY 20, 2022

Young accountants were eager to tip us off to the happenings at their firms, students and staff alike abused the advice@goingconcern.com inbox with an endless flood of questions. From Accounting Career Conundrums: Disappointed Auditor’s Laziness Is Showing published October 9, 2013: Something tells me that you are lazy.

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CPA Practice

APRIL 28, 2023

By Twyla Verhelst, CPA. Preparing and filing your taxes are unavoidable tasks that it’s safe to say most people don’t enjoy. Tax time can be especially daunting for small business owners and the self-employed, who must organize their financial information for the year and ensure they have set aside enough money to cover their tax liabilities.

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CPA Practice

APRIL 24, 2023

By Twyla Verhelst, CPA. Preparing and filing your taxes are unavoidable tasks that it’s safe to say most people don’t enjoy. Tax time can be especially daunting for small business owners and the self-employed, who must organize their financial information for the year and ensure they have set aside enough money to cover their tax liabilities.

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CPA Practice

FEBRUARY 7, 2025

Professionals on the Move is a round-up of recent hiring and promotion announcements from around the profession.

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Going Concern

JUNE 30, 2023

The Market Accounting firms question the partnership model [ Financial Times ] Several US accounting firms have taken investments from private equity groups to pay for acquisitions. Private equity has cheque-writing privileges that a partnership doesn’t have,” said Allan Koltin, an accounting sector M&A adviser.

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Going Concern

MAY 5, 2023

He pursued an accounting career and took a job at PwC because of what he described as a “false choice” between having to do either tax or audit to move up the ranks. After that first day, Davidson “managed to survive” and eventually shifted his career into corporate finance. On day one.

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Going Concern

MARCH 22, 2024

Day will join the FASB from Ernst & Young LLP (EY), the global accounting and professional services firm, where he is a partner working in Professional Practice. Mr. Day has spent most of his 38-year accounting career at EY, which he initially joined in 1986 on the audit staff in St. Louis, Missouri.

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Going Concern

OCTOBER 16, 2023

“Twice in a row, exam fraud is shown at the top of major accountancy firms, where exemplary behaviour should be expected. ” Accounting has been taking a beating in the public square recently, with a steady drumbeat of news about the decline of people either entering or exiting the profession.

Account 72

Account accountant accounted audit 72

Going Concern

DECEMBER 9, 2022

As we enter the season of giving, it seems that employees of a Mississippi-based accounting firm with a lucrative Florida contract have allegedly been caught gifting themselves funds intended to help citizens in need. Baker Tilly Shops for US Law Firm as Big Four Expand Services [ Bloomberg Tax ]. Something’s up.

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Going Concern

OCTOBER 6, 2023

Donald Bender, a partner at accounting firm Mazars USA, had been under tense cross-examination by Trump’s attorneys since Tuesday afternoon when they called him out over his apparent memory loss during the final hours on the witness stand. Technology How do different accounting firms use AI? 1, KPMG said.

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Going Concern

DECEMBER 9, 2024

Atkins is expected to ease overall oversight, including of cryptocurrency firms, but his past criticism of the PCAOB could signal an even more drastic shake-up to audit regulation. That would likely mean a softer regulatory touch with accounting firms and a new leader to replace Chair Erica Williams, longtime observers say.

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Going Concern

APRIL 5, 2024

Private Equity Why private-equity investors see a target-rich environment in Chicago’s accounting biz [ Crain’s Chicago Business ] Isn’t “target-rich environment” what Overwatch’s Soldier 76 says when he pops his ult and proceeds to melt the entire enemy team? Foreshadowing maybe.

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