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Letter to the Editor: Life in Public Accounting Doesn’t Add Up For Young Professionals

Going Concern

I had coached baseball for 3 years at this point, umpired baseball games for 6 years, played basketball my whole life, and coached junior high football for a year. Following graduation, I took the summer off of work and umpired baseball games, golfed 18 holes, and studied for the CPA exams. Crazy how that works. It’s a special place.

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BDO USA Calls Its New ESOP ‘a Game-Changer’ for the Profession

CPA Practice

the sixth-largest public accounting firm in the U.S., said on Monday that it is establishing an employee stock ownership plan (ESOP)—which would allow its more than 10,000 professionals to buy a shared stake in the CPA firm—that is expected to become effective later this month. BDO USA P.A.,

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The Best Tech for Accounting Firms: The 2024 Tax and Accounting Innovation Awards Announced!

CPA Practice

Since the pandemic, firms have broadly accepted remote and hybrid workforces, and the technologies supporting these functions have seen significant advancement, increasing productivity, while giving staff enhanced work-life balance. Instead also provides an all-in-one platform for accounting firms called Instead Pro.

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Top 7 Reasons Why People Are Leaving Accounting Firms, According to PICPA

CPA Practice

PICPA received survey responses from 323 accounting professionals nationwide who have zero to 15 years of public accounting experience and have left their firm or profession within the past five years. So, why are so many heading for the exits? This group of professionals was called “current talent.”

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

Going Concern

At the meeting, the Board will consider issuing for public comment a proposal to amend PCAOB Rule 3502, Responsibility Not to Knowingly or Recklessly Contribute to Violations. A number of accounting firms,1 public companies, professional membership associations and other key stakeholders raised concerns.

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The Accountant Shortage is a Material Weakness Now

Going Concern

And here’s their game plan: As an initial step in remediation of this material weakness, we are engaging temporary third-party resources with the appropriate level of knowledge and experience in accounting and internal control matters to complement the existing organizational structure.

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Monday Morning Accounting News Brief: What Could Go Wrong with PE; PwC Abandons a Big Project | 9.23.24

Going Concern

The SEC’s actions should be warning signs to accounting firms regardless of their involvement in the cryptocurrency or blockchain industry. There’s a nice little chart of firms that have taken or are considering private equity investment: Source: Forbes Ah, I’d been wondering if CRI inked a deal yet.

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