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.” That’s what a stakeholder told me recently when we spoke about the accountant shortage and the growing gap between students getting accountingdegrees and recent graduates sitting for the CPA exam. 150 hours is the rule and accounting is nothing if not a pile of rules.
He has also been a recipient of the National Association of Certified Valuation Analyst’s Instructor of the Year Award and winner of the Journal of Accountancy Literacy Award. Previously he was recognized by the IllinoisCPA Society with the Distinguished Service Award for outstanding service and commitment to the profession.
Unveiling the findings of its previously announced research into the decreasing supply of new certified public accountants (CPAs), the IllinoisCPA Society (ICPAS)—one of the largest state CPA societies in the nation—is pleased to release its 2024 Insight Special Feature, “Re-Decoding the Decline: An Updated CPA Pipeline Report.”
Except in the case of 90s rapper beefs, Tupac and Biggie were equally popular stars whereas in this case the AICPA encompasses the entirety of the profession in the United States versus Minnesota CPAs and the society that serves them. CPAs would need to hold multiple licenses and incur additional expenses.
” Two Tax Shelter Promoters Sentenced to 25 Years and 23 Years in Billion-Dollar Syndicated Conservation Easement Tax Scheme; Two More CPAs Plead Guilty [ Department of Justice ] Two men were sentenced Tuesday for crimes arising from their organization, promotion and sale of abusive syndicated conservation easement tax shelters.
IllinoisCPA Society has issued a new pipeline report: Re-Decoding the Decline. The findings provide invaluable insights the CPA profession and its stakeholders cannot ignore while trying to counter the persistent decline in the number of individuals pursuing the CPA credential. Please and thank you.
I received the following press release from the IllinoisCPA Society. They are unveiling the findings from research they have done relating to the decline in CPA candidates. Share your partners’ salaries with your future CPAs and with college students you talk to or interview. ” – Victoria Arlen.
Students are telling us by their choice of major that they do not perceive an accountingdegree to hold the same value it once did nor is it considered as valuable as certain other business degrees. OH MY GOD this could have been written in 2022. Which is to say, we done been knew. Nothing changes if nothing changes.
There has been much debate in certain corners of the accounting profession lately about whether the 150-hour rule for CPA licensure has contributed to the pipeline of accountants drying up in recent years —that and the subpar starting pay in public accounting and the long hours required to work, especially during busy season.
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