CPA Practice

OCTOBER 17, 2024

We have a talent shortage in accounting that affects business as a whole, and many of the pipeline initiatives the profession is putting in place will help the public sector as well,” said Susan Coffey, CPA, CGMA, the AICPA’s CEO of public accounting. “We

cpas 119

cpas Government auditor Account 119

Going Concern

MAY 26, 2023

Audit Bitcoin Miner Riot Dumps Auditor for ‘Big Four’ Accounting Firm [ Blockworks ] Riot Platforms is looking to switch accounting firms as the landscape for crypto company auditors remains in flux. Deloitte is set to act as the mining company’s independent registered public accounting firm for 2023.

public accounting 104

public accounting Account accountant accounted 104

CPA Practice

MAY 18, 2023

There’s plenty of accounting jobs out there that need to be filled— more than 300,000 accountants and auditors have left the profession in the past few years. But the AICPA said today it has a framework in place to fill that CPA pipeline back up.

CPA 98

CPA auditor cpas accounting and finance 98

Going Concern

OCTOBER 20, 2023

Local CPA weighs in on accountant shortage [ WMDT ] The Salisbury, MD news spoke to a UHY partner about the issue. Accounting enrollment for the past 10 years has been declining by 16.9% LBMC is already Tennessee’s largest CPA firm, and was recently named a 2023 best tax and accounting firm by Forbes.

CPA 111

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Going Concern

JUNE 28, 2022

The SEC has fined EY a record $100 million after an investigation revealed auditors at EY were cheating on ethics exams (open book ethics exams we presume) and CPE; worse than cheating alone, they actively tried to cover it up and hide the cheating from the SEC. Well this is bad. Mind the KPMG cheating also involved ethics.

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auditor audit CPA accounting principles 98

CPA Practice

APRIL 12, 2023

By Blake Oliver, CPA, and Chris Vanover, CPA. CPAs have always been passionate about numbers, using various metrics such as revenue, profit, headcount and realization to measure success. However, this focus on numerical indicators is contributing to the decline of the CPA profession itself.

Account 136

Account accountant accounted Education 136

Going Concern

MARCH 24, 2023

Reminder: you have until April 17 to weigh in on a proposal to extend the CPA exam window Practice Is it time for firms to transform their business model? Journal of Accountancy ] Pandemic pressures have worn the workforce thin, and the economy is in the thick of rapid, radical change. Auditors have done so too.

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auditor Entertainment audit Real Estate 105

Going Concern

JULY 31, 2023

With days to go before the end of a consultation period on the proposal from the Public Company Accounting Oversight Board, (PCAOB) they are trying to sign up their clients to oppose the plan, saying that audit fees will soar if the changes go through. The Big 4 have increased their number of new accountants over the past three years.

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auditor Account accountant accounted 98

Going Concern

SEPTEMBER 19, 2022

Let’s talk about starting salaries in public accounting. Let’s assume a student has an undergraduate accounting degree, a MAcc degree, and has passed all 4 sections of CPA exam. Accounting. — Dr. Josh McGowan, CPA (@Jmcgowan3838) September 19, 2022. What do we think is a fair starting salary?

public accounting 52

public accounting accounting degree Account accountant 52

Going Concern

MARCH 31, 2023

Big 4 EY Fails to Reach Deal on Split [ Wall Street Journal ] The unexpected revolt that has upended the planned breakup of accounting firm Ernst & Young is being driven by two longtime U.S. auditors who believe their part of the firm could end up weakened by a deal. John King and Frank Mahoney, senior U.S.

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auditor audit Virginia Technology 105

Going Concern

MAY 12, 2023

Colorado Springs accounting firm to open Denver office [ Denver Business Journal ] Stockman Kast Ryan and Co., Fired: job search or CPA exam? KPMG, PwC and Deloitte got less than 4% each, according to data from the Chinese Institute of Certified Public Accountants analyzed by Bloomberg. Is AI going to replace me? [

CPA 111

CPA Account accountant accounted 111

Going Concern

AUGUST 31, 2023

Are you struggling to hire remote accountants, auditors, or tax professionals right for your firm or internal team? Gain full access to a pool of highly skilled and experienced remote accountants ready to join your team with Always-On Recruiting. Accountingfly is ready to partner with you! Tech Stack: QBO, QBD, UltraTax, etc.

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Account accountant accounted CPA 116

Going Concern

JULY 25, 2024

Are you struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? With our Always-On Recruiting service, access a pool of top remote accounting candidates without any upfront costs. Accountingfly can help!

Real Estate 105

Real Estate Account accountant accounted 105

Going Concern

OCTOBER 3, 2024

Are you having trouble finding remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? With our Always-On Recruiting service, you can access a pool of top remote accounting candidates without any upfront costs. Accountingfly can assist you!

Real Estate 110

Real Estate Account accountant accounted 110

Going Concern

SEPTEMBER 19, 2024

Are you struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? With our Always-On Recruiting service, access a pool of top remote accounting candidates without any upfront costs. Accountingfly can help!

Account 105

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CPA Practice

NOVEMBER 11, 2024

The Public Company Accounting Oversight Board (PCAOB) revoked the registration of a Chinese audit firm on Nov. First, on multiple occasions, the accounting firm failed to timely report the participants in its issuer audits on PCAOB Form AP, in violation of PCAOB Rule 3211, Auditor Reporting of Certain Audit Participants.

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Going Concern

AUGUST 29, 2024

Are you struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? With our Always-On Recruiting service, access a pool of top remote accounting candidates without any upfront costs. Accountingfly can help!

Real Estate 105

Real Estate Account accountant accounted 105

Going Concern

SEPTEMBER 5, 2024

Are you struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? With our Always-On Recruiting service, access a pool of top remote accounting candidates without any upfront costs. Accountingfly can help!

Real Estate 105

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Cherry Bekaert

AUGUST 18, 2023

Contact Us The post The Auditor of Public Accounts Oversight of Virginia Local Governments: Key Takeaways Impacting Your 2023 Audit and Financial Reporting appeared first on Cherry Bekaert. Discover our State & Local Government Services.

Virginia 52

Virginia public accounting auditor audit 52

Anders CPA

JULY 8, 2024

David Hartley, CPA, CISA, advisory partner-in-charge at Anders CPAs + Advisors (Anders), has been appointed to the Southern Illinois University (SIU) Foundation Board of Directors effective July 1, 2024. David is a Certified Public Accountant in the state of Missouri and is also a Certified Information Systems Auditor (CISA).

Illinois 105

Illinois Missouri cpas CPA 105

CPA Practice

JULY 9, 2023

Advantage Audit is an audit planning aid and audit program series designed to help auditors comply with risk-based professional standards in a straightforward and efficient manner. Tailored specifically for accounting professionals, this technology assists users across all attest areas. AuditFile, Inc.,

audit 111

audit auditor Technology financial statements 111

Going Concern

JANUARY 3, 2025

Talent Using podcasting to attract accounting talent [ Journal of Accountancy ] Two Boise State University accounting professors created a podcast series to attract new talent by taking students on professional journeys. Actually if you’re in tax you should have been thinking about this in October but that’s OK.

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auditor audit Rhode Island cpa firm 98

Going Concern

SEPTEMBER 20, 2023

Just kidding, it’s a guest post from Parker Skaats, CPA, an experienced government worker who’s here to pitch the joys of government work to the unwashed overworked masses. The 150-hour requirement for the CPA, combined with the challenges of the CPA Evolution, might have some of you rethinking your life choices.

Government 124

Government audit CPA auditor 124

Going Concern

JANUARY 12, 2024

Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. Long Reads How Auditor Deloitte Missed A Nigerian Company’s Massive Fraud [ Forbes ] Hindenburg Research, known for sniffing out corporate scams, took aim in June at an obscure Nigeria-based outfit named Tingo Group. Tingo paid $1.6

audit 111

audit auditor Illinois CPA 111

Going Concern

JANUARY 9, 2025

Average number of years worked at a public accounting firm (whether or not PCAOB-registered) by senior professionals across the firm and on the engagement. Further compounding this risk is the perception that reporting deadlines are seemingly fixed, leaving some auditors wishing they had more time to conduct a better audit.

audit 124

audit auditor Education accounting firms 124

Going Concern

JANUARY 1, 2025

AICPA creating more barriers to entry; not for the people, poor CPA exam procedures Pay gaps at intermediate experience levels. As well as hurting CPA culture in process. Add on a CPA cert that takes a year to study for and obtain. Skills gaps caused by pandemic, technology (AI included) and hybrid work environment.

Account 105

Account accountant accounted cpas 105

CPA Practice

OCTOBER 10, 2023

This surge in demand for CPA services comes at a time when experienced public accountants are exploring alternative career options, and fewer graduates are entering the profession. Challenges in Public Accounting The public accounting sector faces unique challenges.

Technology 105

Technology accounting firms Account accountant 105

CPA Practice

DECEMBER 3, 2024

million during its most recent fiscal year, according to INSIDE Public Accounting. The two firms operate as separate legal entities in an alternative practice structure: UHY LLP is a licensed independent CPA firm that performs attest services, while UHY Advisors provides tax and business consulting services through subsidiary entities.

Non-Profits 111

Non-Profits tax consultant auditor cpa firm 111

Going Concern

SEPTEMBER 6, 2023

Amanda Iacone at Bloomberg Tax has written the accounting niche’s 1,735th article about the accountant shortage and this time, as is often the case, the focus is 150 hours. Rather, how dueling factions within the profession are fighting for and against keeping it as the only option to CPA licensure.

Minnesota 119

Minnesota South Carolina auditor Education 119

CPA Practice

AUGUST 15, 2023

Snodgrass —failed to obtain audit committee pre-approval in connection with providing audit and/or non-audit services to issuer audit clients, in violation of PCAOB Rule 3520, Auditor Independence , and for two of the three firms (BPM and Plante Moran) PCAOB Rule 3524, Audit Committee Pre-Approval of Certain Tax Services. 9: Blue & Co.

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CPA Practice

FEBRUARY 23, 2024

Auditors are poised to become crucial facilitators in the accounting and finance function’s adoption of AI and large language models (LLMs). Auditors are the Keystone for AI Integration The successful integration of AI has one essential requirement—a nuanced understanding of the model’s data origins and its interpretations.

audit 114

audit auditor accounting and finance Technology 114

CPA Practice

SEPTEMBER 23, 2024

The city is a hotbed of professional services, including lawyers, consultants and the now-endangered species of certified public accountants. CPAs are essential for financial reporting, advanced tax preparation and other dull-but-important tasks that keep the economy going. Bear in mind that every accountant is not a CPA.

cpas 59

cpas CPA auditor accounting principles 59

Going Concern

SEPTEMBER 29, 2023

Let’s say they’re in public accounting, and they get assigned to an engagement with a manager or client they don’t particularly like,” asked Maginnis. “Or But too often, young CPAs flee public accounting for what they believe are the greener pastures of industry and miss out on that learning and development.

accounting careers 128

accounting careers Account accountant accounted 128

CPA Practice

JUNE 13, 2024

The Public Company Accounting Oversight Board (PCAOB) on June 12 updated a nearly 20-year-old rule on auditor conduct, making it easier for the audit regulator to hold associated persons of an accounting firm accountable when their negligence “directly and substantially” causes the firm to violate auditing standards.

auditor 59

auditor audit accounting firms public accounting 59

Going Concern

JANUARY 30, 2023

Bloomberg Tax ] Britain’s accounting watchdog said on Monday it will monitor whether auditors were making spot checks on their compliance with environmental, social and governance (ESG) reporting requirements in company audits. I have had only one or two students interested in working for a CPA firm the last couple of years.

Account 97

Account accountant accounted cpa firm 97

Going Concern

JULY 25, 2024

CPA Journal has published an intriguing deep dive into Big 4 revenue , specifically how the firms started making more money in advisory than audit or tax in the last 10+ years. Source: Surveying a Shifting Landscape The Big Four and the Rising Tide of Advisory Services in CPA Journal And now, Exhibit 2.

audit 104

audit tax services auditor CPA 104

Going Concern

SEPTEMBER 1, 2022

Last week, we published a letter written to Fortune by a former CPA who pivoted to driving 18-wheelers and found far more career happiness than he ever would have in accounting (good for him). Accounting and being a CPA have been the worst personal decision and professional organization I’ve been a part since passing.

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cpas cma Real Estate accounting and finance 98