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AICPA News – Oct. 2024

CPA Practice

AICPA to Clarify Applicability of Standards to Financial Statements Prepared as Part of a CAS Engagement The American Institute of CPAs (AICPA) is seeking comments on a new exposure draft that aims to amend the standard related to financial statement preparation. 21, Clarification and Recodification.

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What to look for in a career change from accounting

ThomsonReuters

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? Is accounting advisory a good career? In one word: yes!

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Monday Morning Accounting News Brief: No One Plans to Hate Accounting; PwC Was Cheating!? | 10.14.24

Going Concern

I held onto my accounting career until I was white in the knuckles because I had invested too much energy, time, and money into the profession. I clung to it even when I had to pop a melatonin on my drive home at midnight during the busy season to ensure I’d fall asleep in time to wake up and do it all again.

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How Auditors Are Seizing the Day with Artificial Intelligence

CPA Practice

As audit leaders embrace the responsible use of AI and communicate their vision for its use, they have an opportunity to entice young people to pursue a future-driven accounting career. Additionally, AI can create a more efficient and effective audit by automating manual processes, such as financial statement tie-outs.

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The Role Of An Accountant: A Guide To Today’s Accountant’s Roles, Duties, And Responsibilities

Snyder

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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Which Are the Most In-Demand Accounting Jobs Right Now?

Snyder

The choice to become an accountant depends on your temperament and career prospects. So, choose to become an accountant if you are a person who likes: Numerical challenges like calculating taxes, money, currency conversion, financial statements, profits, and similar computations.

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Monday Morning Accounting News Brief: KPMG Vet Quits on Christmas; PwC Resigns; ‘A Veil of Legitimacy’ | 1.16.23

Going Concern

FASB issued a series of tentative board decisions related to its project on the disaggregation of income statement expenses. Reddit is out here doing their part to promote the accounting career track to prospective students : I lament my career path.