Going Concern

JULY 7, 2023

Fixing the Crisis in Accounting [ The CPA Journal ] Related to the above post: Individuals, companies, and professional organizations need to be more intentional in getting young people excited about joining the accounting profession. However, both companies expressed surprise about the firm’s breaches of government confidentiality.

audit 104

audit Account accountant accounted 104

Going Concern

MAY 5, 2023

Entry-level CPAs in advisory practices are making $11,000 more than CPAs starting out in audit and tax, and $20,000 more than non-CPAs in advisory. The report says CPAs are generally paid more than non-CPAs, but the pay gap between the two shrinks when moving from entry-level to the manager level.

audit 111

audit cpas auditor Mississippi 111

Going Concern

MAY 26, 2023

PwC to remove staff involved in Australia tax leak scandal from govt work [ Reuters ] PricewaterhouseCoopers (PwC) has agreed to remove staff with links to the leak and use of confidential Australian tax plans from government work, a senior government official told an inquiry on Thursday. Big four consultancies win $1.4

public accounting 98

public accounting Account accountant accounted 98

Going Concern

SEPTEMBER 29, 2023

The accounting and advisory firm in an email said it plans to move its office from One Cleveland Center (1375 E. What CPAs can learn from Smucker’s [ Accounting Today Voices ] J.M. Those two firms, Marcum LLP and Withum Smith+Brown PC, reaped millions in special purpose acquisition company audit fees.

auditor 110

auditor audit New York CPA 110

Going Concern

FEBRUARY 27, 2023

. “IRS tech is so ‘archaic’ the agency struggles to find people to work it” from The Washington Post : The Internal Revenue Service, which funds nearly everything the federal government does, uses information technology that is creaking with old age. Yet that is what the IRS deals with every day.”

Technology 105

Technology Account accountant accounted 105

Going Concern

NOVEMBER 11, 2022

There’s definitely an accountant shortage out there’: MBAs have become the go-to degree and companies are struggling to hire enough CPAs [ Fortune ]. Many auditors responding to the FERF study noted an increase in effort by their teams (68%). The mid-sized firm lists 24 operating locations on its web site, including the “metaverse.”

audit 96

audit auditor Louisiana cpas 96

Going Concern

MAY 15, 2023

Virginia Society of CPAs is tackling the question “ is 150 too many? ” For nearly the past two decades, prospective CPAs in Virginia have had to undertake 150 hours of education before becoming licensed. But a declining CPA pipeline has accountants asking: Is the 150 now a barrier to becoming a CPA?

Account 52

Account accountant accounted cpas 52

Going Concern

SEPTEMBER 15, 2023

The rule governs the liability of associated persons who contribute to a registered public accounting firm’s primary violation of the laws, rules, and standards that Congress has charged the Board with enforcing. James Nelson started the firm in the city in 1923. KPMG to move out of 1601 Market St.

audit 110

audit Colorado CPA Texas 110

CPA Practice

JUNE 7, 2024

Hosts Randy Johnston and Brian Tankersley, CPA, review Black Ore Tax Autopilot, an AI tax prep system for CPAs, which features complete 1040 tax preparation automation. But you know, in terms of my CPA firms that are on the platform, the reports and the actual results are pretty stunning.

Technology 64

Technology Tax Account accountant 64

Going Concern

APRIL 20, 2022

Of firms that hired one or more accounting graduates in 2020, 74% expect to hire the same number or more in 2022 as compared with 2021. CPA firms expect to have the same number or more CPAs on staff in 2022 in comparison with 2021. CPA firms increased by almost five percentage points (includes multiethnic hires).

Account 52

Account accountant accounted CPA 52

Going Concern

MARCH 17, 2023

“A proposal like this could allow for the reinstatement of credit for more than 15,000 CPA candidates and re-open the door for those candidates to complete their journeys to becoming licensed CPAs. The official focus of the inquiry is about unethical behaviour by consultants engaged in lucrative federal government work.

Government 91

Government Gambling audit CPA 91

Going Concern

MARCH 1, 2024

Deloitte examines the future role of the government [ Channel Daily News ] Of course that’s Deloitte’s strong view, they stand to profit from it. If adopted, the proposal would strengthen auditor requirements to identify, evaluate, and communicate possible or actual noncompliance with laws and regulations.

audit 111

audit Nebraska auditor chartered accountant 111

Going Concern

JANUARY 26, 2024

Long Read Corporate Self-Oversight [ The American Prospect ] Four auditing firms examine the books of nearly every big U.S. AI Is your firm keeping pace? How AI is transforming audit [ Thomson Reuters ] In the past, auditors have heavily relied on manual processes to uncover risks in financial statements and business operations.

Account 119

Account accountant accounted audit 119

CPA Practice

FEBRUARY 6, 2024

AICPA Shares Plan to Strengthen Accounting Pipeline According to the American Institute of CPAs ‘ 2023 Trends Report, bachelor’s degree completions in accounting dropped 7.8% Meanwhile, 60% of firms surveyed reported that they expected to have the same or higher number of CPAs on staff in 2023 compared to 2022.

cpas 59

cpas CPA accounting careers Education 59

Going Concern

FEBRUARY 16, 2024

public accounting firms, however, turnover has continued to increase. The author’s research found that conflict surrounding work-life balance practices, and perceptions of unfair treatment with regard to their application within a CPA firm, were directly correlated to employee turnover intentions.

Real Estate 105

Real Estate Iowa audit CPA 105

Going Concern

JUNE 21, 2024

Trust in GenAI requires all the traditional drivers of trust in tech: governance, security, compliance and privacy. Others have faced pushback from potential new auditors leery about starting financial checks from scratch, ex-Borgers clients told Bloomberg Tax. Local accounting firms showed a third year of growth.

auditor 95

auditor Real Estate Technology audit 95

Going Concern

FEBRUARY 23, 2024

Q: What advice would you give your student working on their first project as qualified auditor? A senior ASIC officer also told the hearing the governance structures put in place by the firms – such as PwC promising to apply ASX corporate governance principles to its operations – were unenforceable by the regulator.

CPA 105

CPA Illinois auditor Iowa 105

Going Concern

AUGUST 25, 2023

News US Accounting Board Looks Across the Ocean to Fill Hole in Rules [ Bloomberg Tax ] The flood of government aid that helped keep companies afloat during the coronavirus pandemic exposed a hole in US accounting rules: Businesses have no way to record the grants, loans, and tax breaks that bolstered their bottom lines. On Thursday, Sen.

tax preparation 98

tax preparation CPA payroll tax Illinois 98

Going Concern

MARCH 15, 2024

Social compliance audits have become a multibillion-dollar global industry, as corporations hire firms—sometimes confidentially—to perform hundreds of thousands of workplace safety inspections each year and solve potential public relations issues when supply chain or labor matters surface. Seven percent are not sure. Education Sen.

auditor 115

auditor cpas audit Iowa 115

Going Concern

JANUARY 5, 2024

CPA Tom Janney Announces Retirement [ WJLE ] Local stories like these are so cute. Longtime local CPA Tom Janney has announced his retirement from the tax and accounting side of Janney & Associates, CPAs, PC, a business he started in 1992 but sold to another firm fourteen months ago. Happy trails, Tom!

tax return 111

tax return Virginia accounting and finance audit 111