CPA Practice

FEBRUARY 5, 2024

Johnson, CPA, EA – 2023 “40 Under 40” Honoree Founding Partner J&F Advisors, PLLC www.jandfadvisors.com Career Highlights Ashley Johnson, a Founding Partner and strategic leader at J&F Advisors, PLLC, is committed to advancing the firm’s mission and elevating it among the top CPA firms in Detroit.

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Accounting Today

SEPTEMBER 4, 2024

The Massachusetts Society of CPAs teamed up with the Indiana Society of CPAs, the Tennessee Society of CPAs and CPA Crossings to highlight the competencies deemed essential for aspiring CFOs.

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Going Concern

NOVEMBER 10, 2023

Almost 8 in 10 accounting and STEM students surveyed believe an accounting career will deliver long-term value and 34 percent of the students see a career in accounting as a steppingstone to other leadership opportunities. That’s all great.

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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

FEBRUARY 2, 2024

Members of the New Jersey Society of Certified Public Accountants (NJCPA) visited 65 high schools in the state during the fall of 2023 to inform students about the benefits of having a successful career in accounting and how to become a certified public accountant (CPA).

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Withum

AUGUST 16, 2023

Seton Hall University and Withum announced a pilot program today aimed to ease the burden of fulfilling the 150 credit hours requirement for accounting students. The CPA Pathway Apprenticeship supports the AICPA and NABA’s initiative to help alleviate barriers for students considering a career in public accounting.

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CPA Practice

JANUARY 3, 2024

State CPA Society News & Updates is a round-up of recent announcements and initiatives by CPA associations in the United States and its territories. The California Society of CPAs is hosting the Real Estate Virtual Conference on January 30, 2024. The Illinois CPA Society is hosting a Corporate Finance Conference.

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Going Concern

MAY 12, 2023

Talent Why Graduates Aren’t Hot on Accounting Careers: Low Starting Pay, Onerous Testing [ Wall Street Journal ] For Connor Verrett, an economics major and entrepreneurship minor at Washington & Lee University who expects to graduate this month, that roadblock was among the factors he considered in eschewing an accounting career. “It

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Withum

MAY 21, 2024

She currently serves on the finance committee at her high school and speaks about the accounting career path to the next generation. As of May 2024, Emily is a proud member of the CalCPA Board of Directors, where she hopes to facilitate positive change in California’s accounting community.

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CPA Practice

FEBRUARY 5, 2024

Members of the New Jersey Society of Certified Public Accountants (NJCPA) visited 65 high schools in the state during the fall of 2023 to inform students about the benefits of having a successful career in accounting and how to become a certified public accountant (CPA).

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CPA Practice

NOVEMBER 29, 2023

Founded in 1897, the Pennsylvania Institute of Certified Public Accountants (PICPA) is the second-oldest CPA organization in the U.S. PICPA actively supports both current and future CPAs, providing educational opportunities, networking, and volunteer opportunities. Cryder, the current CEO of PICPA.

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CPA Practice

JUNE 6, 2023

Participants of the 2023 Accounting Think Tank were purposed with engaging with their colleagues and openly discuss issues that may have significant benefit, detriment or other effects on professionals. 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

FEBRUARY 2, 2023

There’s another article about the accountant shortage today and this time it’s in Insider. Advancing technology in the sector, raising awareness about accounting careers, increasing diversity, and changing the profession’s image are some of the ways they’re tackling the challenge.

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CPA Practice

MAY 14, 2024

After formally presenting its six recommendations that address the accounting talent shortage at AICPA Council next week, NPAG will issue a final report in July that includes the results of its survey of students, employers, and other stakeholders in the profession. Coffey told CPA Practice Advisor.

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Going Concern

FEBRUARY 23, 2023

And here’s one from the Illinois CPA Society based on what they’ve heard from their members: What we hear among our members: retaining existing staff, lack of support for pursuing the CPA credential, and DEI challenges. We suspect that were accounting firms to raise salaries in a significant way, talent would follow.

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CPA Practice

JANUARY 25, 2023

In addition to its existing AuditClub Chiefs passes, the company now offers its AuditClub Crew passes for CPA firms and companies to access virtual crew members with up to six years of experience who perform and review audit procedures based on a member’s solutions requests. We continue our mission to make accounting and auditing better.

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CPA Practice

MAY 24, 2023

Ramsey, CPA, CGMA, PMP, NACD.DC, Vice President, Sarbanes/Oxley for Kaiser Foundation Health Plan, Inc., and Kaiser Foundation Hospitals, is the new chair of the American Institute of CPAs (AICPA). Carla McCall, CPA, CGMA, managing partner of Alexander Aronson Finning CPAs, was voted in as the AICPA’s vice chair. “And

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Going Concern

AUGUST 24, 2022

A branch of accounting literature argues that such stereotypes are costly to the profession because they reduce the number, quality, and diversity of people selecting into accounting careers (Baldvinsdottir et al. 4) and CPA firms have exceptionally high employee turnover (CPA Journal 2018). 2003, Chen et al.

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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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Accounting Insight

FEBRUARY 20, 2023

Several factors contribute to the shortage, like mid-career CPAs changing professions, or early retirements spurred by the pandemic. But why has the accounting profession become so unattractive? We’ve gathered three reasons for the shortage of accountants, as well as solutions for CPA firms to consider.

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CPA Practice

OCTOBER 2, 2024

The CPA Competency-Based Experience Pathway would provide an additional option for candidates to demonstrate their professional and technical skills after earning a bachelor’s degree and meeting their state’s requirements for accounting and business courses. Competencies would be verified in the workplace by licensed CPAs.

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Going Concern

FEBRUARY 10, 2025

Accountants are too stupid to know about this because after all the schooling they just STOP learning! pic.twitter.com/BuMGHJuKx9 — Jessica Smith, EA , not a CPA (@Taxsavvyjessica) February 9, 2025 Something to chew on as both sides argue about fraud and waste: My dad was an auditor with The Indiana Department of Revenue.

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CPA Practice

JUNE 6, 2023

Lindsay Stevenson, CPA, CGMA 2023 Most Powerful Women in Accounting Chief Transformation Officer BPM How do you envision the accounting profession evolving in the foreseeable future for women? What advice would you give to women college students about preparing for a career in the accounting profession?

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Going Concern

JANUARY 19, 2024

As the profession evolves, the profession’s gatekeepers are tasked with periodic review of the requirements to become a CPA. This is how BEC got killed off and we ended up with CPA Evolution , because the necessary entry-level knowledge of a CPA today is much different from that of a CPA 15 years ago. Reasonable.

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CPA Practice

NOVEMBER 2, 2023

The Texas Society of CPAs is collaborating with the American Institute of CPAs and other state CPA societies throughout the U.S. for a unique career awareness event aimed at inspiring and educating students about career opportunities in accounting.

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Accounting Today

SEPTEMBER 25, 2024

The National Conference of CPA Practitioners finalized the new slate of officers and directors for the 2024-25 term.

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Accounting Today

MARCH 6, 2025

Here are five keys to building a career that aligns with your passions.

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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?

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CPA Practice

JUNE 12, 2024

“Our goal is to make EY US the most preferred place to launch an audit or tax career and become a springboard for future business leaders—for our own organization and leading public and private enterprises.” However, the firm didn’t specify how much more it will pay its entry-level accountants. The median U.S.

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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. I wanted an adventure.”

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CPA Practice

MAY 30, 2024

Accounting careers are shifting away from a linear path The industry is moving towards more merit-based promotions, more career pathways, and greater opportunities. The public accounting talent shortage has been a problem for more than a decade and is being acutely felt top to bottom now.

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CPA Practice

SEPTEMBER 30, 2024

As part of efforts to address accounting’s talent needs and expand access to accounting careers to more candidates, the American Institute of CPAs (AICPA) and the National Association of State Boards of Accountancy (NASBA) have proposed changes to the profession’s model law.

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CPA Practice

APRIL 28, 2023

By Twyla Verhelst, CPA. With all of this in mind, it’s not a complete shock to read that more than 300,000 US accountants and auditors have left their jobs in the past two years, according to the Bureau of Labor Statistics. Twyla Verhelst, CPA, is head of the accountant channel at FreshBooks.

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Xero

JULY 7, 2022

I am originally from Naperville, Illinois and I’m currently a senior studying accounting and business analytics at the Tippie College of Business at the University of Iowa. I plan to pursue the five year Masters of Accountancy program that will allow me to qualify for the CPA exam.

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CPA Practice

APRIL 24, 2023

By Twyla Verhelst, CPA. With all of this in mind, it’s not a complete shock to read that more than 300,000 US accountants and auditors have left their jobs in the past two years, according to the Bureau of Labor Statistics. Twyla Verhelst, CPA, is head of the accountant channel at FreshBooks.

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Going Concern

AUGUST 17, 2023

Adamant that there is no way the burden of 150 units for CPA licensure will ever be rolled back to 120, the AICPA and NASBA have scored a second school-firm collaboration for their CPA Pathway Apprenticeship initiative: Seton Hall University and Withum. The program trades work in the field for credits toward 150.

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CPA Practice

JULY 5, 2023

Liren Wei, CPA, CGMA, managing partner of Wei, Wei & Co., LLP in Flushing, New York, began his one-year term as president of the New York State Society of CPAs ( NYSSCPA ) on June 1, making him the 104th president of the NYSSCPA. Wei began his accounting career 29 years ago as an entry-level staff accountant.

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