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AICPA News – June 2023

CPA Practice

(NABA) National Association of Enrolled Agents (NAEA) National Association of Tax Professionals (NATP) National Conference of CPA Practitioners (NCCPAP) National Society of Accountants (NSA) National Society of Black Certified Public Accountants, Inc. in Ahmedabad, Gujarat, India.

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Even KPMG in South Africa Could Not Escape the Clutches of PCAOB Enforcement

Going Concern

The sanctions are based on supervisory failures and violations of PCAOB rules and standards in connection with the use and reported participation of an unregistered accounting firm in performing the 2015, 2016, and 2017 audits of a public company.

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Monday Morning Accounting News Brief: Firms Fight Back on Public Metrics; A Rejection or a Blessing? | 1.6.25

Going Concern

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. Average annual training hours for partners, managers, and staff of the firm, combined, across the firm and on the engagement. Experience of Audit Personnel. Industry Experience.

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Tuesday Morning Accounting News Brief: CPA Numbers Are Abysmal; PwC Blocked Government Inquiry | 5.30.23

Going Concern

FT dropped this over the weekend : Candidate numbers for US accountancy exams drop to lowest in 17 years New figures from the American Institute of Certified Public Accountants showed the shortage of CPA candidates that has plagued the profession in recent years worsened in 2022, dashing hopes for a quick rebound from the pandemic.

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Friday Footnotes: Where the Audit Jobs Are; Big BDO Hires; A New Gig For PwC Alum | 9.9.22

Going Concern

Accountants in high demand as average earnings hit almost €120,000 [ The Irish Times ] A survey by industry group Chartered Accountants Ireland in conjunction with accounting firm Barden shows that the average salary package commanded by these professionals rose by €7,000 or 6 per cent to €119,270 last year.

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Friday Footnotes: Big 4 Pride; KPMG Gets Snubbed; EY Goes on a Poaching Spree | 6.3.22

Going Concern

He said he would like to eventually become a Certified Public Accountant, which typically requires specific educational requirements beyond a bachelor’s degree in accounting. Wilson turned it down, though, and opted instead to pursue grad school.

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How To Avoid Hiring a ‘Stanley’

CPA Practice

But we all remember the bad ones – the cost and mental scarring take a hit on your enthusiasm for being in business and some even make you wonder why you entered public accounting at all. No one is expecting smaller public accounting firms to be exceptional in their hiring processes – even the big firms can’t do this.