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State CPA Society News & Updates: Jan. 2024

CPA Practice

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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Accountants Are the Referees of Business, Says Guy Who Would Know

Going Concern

There’s another article about the accountant shortage today and this time it’s in Insider. “Without accounting and without finance, there are no rules to the game. It’s like playing a game, and you make up your rules as you go along. It keeps the system honest.”

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Friday Footnotes: CPA Exam Scares Accounting Majors Away; EY Loses Fees in China | 5.12.23

Going Concern

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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2023 INSPIRE Business Camp Brought Together CPAs and High School Students

CPA Practice

The accounting career path is ripe with opportunity. Accountants are in demand, with demand projected to grow in the coming years. This surge creates endless options and vibrant futures for those on the accounting career track. Team building through Interactive games and challenges was also integral to the day.

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In 2019, Academic Researchers Tried to Answer the Question ‘Is Accounting a Miserable Job?’

Going Concern

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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Friday Footnotes: How Are Firms Actually Using Data Analytics?; KPMG and BDO on the Move | 9.15.23

Going Concern

Founded in 2006, Cordia Partners provides outsourced accounting, business advisory consulting and digital transformation services to small and mid-sized businesses. Forty-five percent of CPA decision-makers were optimistic about their organization and 29% were optimistic about the U.S. noted in a 2017 CPA Journal article.

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AICPA & CIMA Launch AI-Guided Tool for Students Pursuing Careers in Accounting and Finance

CPA Practice

“Through Career Launchpad, we’re proud to feature CPAs and Chartered Global Management Accountants (CGMAs) who are passionate for their roles in the business and accounting world,” said Mike Decker, vice president of CPA examination and pipeline at AICPA & CIMA.