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There’s nothing in there you don’t already know — enrollments are down, boomers are retiring, the process of becoming a CPA is extra and sucks, kids need to be convinced that accounting is great, blah blah — but they did get an interesting quote from Steven Kachelmeier, accounting department chair at the University of Texas.
I held onto my accountingcareer until I was white in the knuckles because I had invested too much energy, time, and money into the profession. A church in Texas is accused of fraud. We don’t view AI as a substitute for auditors,” Shimek explained. I was so unhappy, but it was unfathomable for me to do anything else.
Audit Comments Raise Concerns About PCAOB’s Proposal To Expand the Scope of Audits and the Role of Auditors [ JD Supra ] In June 2023, the Public Company Accounting Oversight Board (PCAOB) proposed sweeping amendments to its auditing standards. Comment letters raise serious questions about the consequences of the proposed changes.
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