CPA Practice

JUNE 5, 2023

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 Massachusetts Society of CPAs ( MassCPAs ) recently launched a scholarship to honor the legacy of current Society President and CEO Amy A.

CPA 111

CPA Delaware Oklahoma Massachusetts 111

CPA Practice

AUGUST 30, 2023

Jackie Cardello During the panel discussion, “Accounting Across Generations: Assessing the Current State of the Industry,” the question, “What do we have to change to rebuild the talent pipeline in the accounting profession?” You don’t have to be a CPA. Firms are looking at non-traditional hires and non-CPAs.

cpa firm 105

cpa firm CPA cpas Maryland 105

CPA Practice

OCTOBER 12, 2023

post-secondary accounting degrees fell sharply in the 2021-22 academic year, according to a biennial American Institute of CPAs (AICPA) report on trends related to accounting graduation rates, the CPA Exam and hiring demand by accounting firms. The number of students earning U.S. and 8.4%, respectively.

Account 112

Account accounted accountant cpas 112

Going Concern

JUNE 13, 2024

They did say the salary bump will put accounting “on par with other business majors” though: EY US will increase early career compensation as part of a total rewards package that recognizes the value of a certified public accountant (CPA) career path.

Account 116

Account accounted accountant accounting degree 116

Going Concern

NOVEMBER 2, 2022

There should be tons of accounting grads drooling for jobs right now and plenty of jobs to go around, no? A record 68,639 students graduated with accounting degrees in 2010. Nearly 4 in 10 accounting graduates hired last year by CPA firms had master’s degrees, compared with 26 percent in 2008.

Account 126

Account accounted accountant accounting degree 126

Going Concern

FEBRUARY 24, 2023

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.

Minnesota 98

Minnesota Illinois cpas CPA 98

Going Concern

DECEMBER 1, 2022

The authors compared accounting degrees to computer science degrees completed in the state of New York between 2010 and 2020 which is how we ended up with this chode. According to NASBA, as of August 2022, there are 665,612 licensed CPAs covering 54 jurisdictions (NASBA 2022). What are we looking at?

accounting degree 64

accounting degree Account accounted accountant 64

CPA Practice

JUNE 5, 2023

LL.M, BDO USA, LLP Molly Griffiths, RSM US LLP Rose Jardim, CPA, Jardim & Marotta LLC Adnani Johari, CPA, CGMA, MBA, Brighthouse Financial, Inc. The Society will award the $5,000 scholarship each year to a deserving undergraduate or graduate student pursuing an accounting degree in Massachusetts.

Indiana 93

Indiana Massachusetts Real Estate CPA 93

Going Concern

OCTOBER 24, 2022

Q&A With Tetsuya Mogi , the new head of Japan Institute of CPAs. In lieu of pictures, please accept this embedded YouTube video: Reddit discusses accounting degrees. The post Monday Morning Accounting News Brief: CPAs Are Overworked (Duh); EY’s New Toy; Metaverse Party! Lots and lots of pictures.

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cpas Account accounted accountant 59

CPA Practice

JANUARY 18, 2023

Launched in 2021, the DFASP works in parallel with Deloitte’s MADE (Making Accounting Diverse and Equitable), a $75 million commitment to fuel greater racial and ethnic diversity in accounting and tax and generate more opportunities and leadership pathways for the next generation of certified public accountants (CPAs).

Account 119

Account accounted accountant Education 119

CPA Practice

JUNE 27, 2024

The fund is a program developed by the Controllers Council and administered by the AICPA Foundation , a charitable organization of the American Institute of Certified Public Accountants. Financial and corporate controllers are often CPAs with public accounting backgrounds.

CPA 52

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CPA Practice

JUNE 19, 2023

Professional association leaders warn that accounting staff shortages are popping up nationwide, impairing financial reporting at the same time that Congress has been pushing for more transparency in financial data , which will require even more staff work. Or is something else going on? The answer is “all of the above, plus more.”

Government 98

Government Account accounted accountant 98

Going Concern

OCTOBER 11, 2022

These businesses have their financial advisory needs served by hundreds of thousands of small firm accountants and CPAs nationwide. Small business has unique needs for accounting services: primarily tax and advising, and secondarily day-to-day accounting needs to act as de-facto controllers and decision makers.

Education 104

Education Account accounted accountant 104

Going Concern

JANUARY 12, 2024

” 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.

audit 111

audit auditor Illinois CPA 111

KROST

APRIL 2, 2021

KROST CPAs and Consultants, the Los Angeles-based firm, has announced their co-sponsorship of the American Institute of Certified Public Accountants’ ( AICPA) Private Companies Practice Section (PCPS) George Willie Ethnically Diverse Student Scholarship & Internship Program. ABOUT KROST CPAS & CONSULTANTS.

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CPA Practice

MARCH 18, 2024

Top 500 accounting firm JHM Certified Public Accountants, based in Chattanooga, is expanding its presence in eastern Tennessee by combining with Harting, Bishop & Arrendale (HBA) in Cleveland, TN. The combined firm will operate under the name of JHM Certified Public Accountants.

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cpa firm CPA Real Estate Tennessee 52

RitaKeller

JUNE 16, 2021

Share your partners’ salaries with your future CPAs and with college students you talk to or interview. Is it worth it to become a CPA, in public accounting, when average partner compensation in $5 to $20M firms is half a million? Plus, flexible work arrangements make public accounting very attractive.

Illinois 45

Illinois cpas CPA public accounting 45

Going Concern

JULY 14, 2022

Perhaps in other industries the tide may be turning and potential recruits will soon have to beg to be let in through the ATS gate of HR departments everywhere but we aren’t here to talk about other industries, we’re here to talk about accounting. The talent crunch in accounting is nothing new.

public accounting 59

public accounting CPA accounting degree cpas 59

Going Concern

APRIL 20, 2022

As I snarkily mentioned last week , the AICPA has finally released its much-anticipated 2021 Trends in the Supply of Accounting Graduates and the Demand for Public Accounting Recruits (or Trends , for short) report [PDF here ], a behemoth data dump of accounting industry stats first released in 1971 and released every two years since 2009.

Account 52

Account accounted accountant CPA 52

Going Concern

JANUARY 6, 2023

Black students in California can prepare for and take the certified public accountant or certified management accountant exam for free under a pilot program that aims to help diversify the accounting profession. CPAs rev up for a new tax season [ Journal of Accountancy ]. GAAP, and labor market uncertainty.

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cpa firm CPA New Hampshire Ohio 52

Going Concern

JUNE 15, 2023

From the JofA piece: One of the early warning signs that major changes in accounting education were needed came when major CPA firms reengineered themselves as “professional services” rather than “public accounting” firms. OH MY GOD this could have been written in 2022. Which is to say, we done been knew.

Account 59

Account accounted accountant Education 59

Going Concern

MARCH 25, 2022

“I would have thought that accountants would be seen as boring, but effective and the perfect person to do a good job on your tax return,” Wijnand Van Tilburg, a study co-author and senior lecturer in the university’s psychology department, said in a statement last week.

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CPA Practice

NOVEMBER 29, 2023

Hood & Strong Announces Audit Management Promotions Hood & Strong LLP, a leading Northern California public accounting and business consulting firm, recently promoted three audit team members to new and expanded roles. Corder received his accounting degree from Texas Christian University and holds an M.S.

Real Estate 52

Real Estate audit California cpas 52

CPA Practice

MARCH 22, 2023

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.

Texas 128

Texas CPA cpas Education 128