ThomsonReuters

JANUARY 29, 2024

Retiring Baby Boomers are creating a vacuum, leading to a scarcity of experienced professionals, and there aren’t enough young people graduating with accounting degrees—or choosing to enter public accounting—to fill that void. This generational shift is not just a numerical problem but also a transfer-of-knowledge issue.

Technology 52

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RitaKeller

NOVEMBER 10, 2020

All of my clients and other firms in my sphere tell me that they are trying (several, almost desperately) to find more people with the skills and desire to work and succeed in public accounting. I have heard many, many very successful CPA partners say “I certainly didn’t have a 4.0 She writes and advises on HR topics.

CPA 45

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CPA Practice

AUGUST 28, 2024

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. This inefficiency cripples productivity and limits CPAs’ ability to focus on higher-value tasks.

Technology 124

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Going Concern

AUGUST 28, 2023

My return, by the way, was sent electronically on April 3, the same day my cpa firm sent my federal income tax return in electronically. My federal refund was deposited in my bank account three weeks later, on April 27th. Dead silence. Then he answered, “ We’re understaffed and we had a lot of income tax returns last year.”

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Ryan Lazanis

AUGUST 2, 2023

In this article, you’re going to get a ton of inspiration plus a whole bunch of tips for picking amazing accounting firm names. Table of Contents How to Choose a CPA Firm Name? Choosing an accounting firm name is all about branding and how you want the outside world to perceive you.

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Going Concern

OCTOBER 13, 2023

Audit regulator says accounting firms still falling short [ The Globe and Mail ] One of Canada’s Big Four auditing firms has a significant number of problems in its work for the second consecutive year, the national industry regulator has found. Your work as an entrepreneur is a 24/7 job. growth rate of fiscal year 2020.

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Going Concern

JANUARY 26, 2024

As GenAI continues to be pervasive in many different industries and areas, it will be critical for public and private sector actors to establish trusted AI programs with clear ethical guidelines and controls for GenAI use within the organization, emphasizing transparency, fairness, and accountability.

Account 119

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Going Concern

MAY 5, 2023

We’ll see how those trends unfold overtime as the economy continues to shift,” says Adam Batechlor, chief strategy and innovation officer at the Pennsylvania Institute of Certified Public Accountants (PICPA), which conducted the survey of more than 300 CPA firms in the state with Hinge Research Institute.

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CPA Practice

JANUARY 18, 2023

The season and games are longer today, but beyond that, not much else has changed in more than 120 years of professional baseball. After reading former MLB manager Joe Maddon’s recent book, The Book of Joe – cowritten with Tom Verducci –it struck me: The plight of the public accounting industry is not unlike that of Major League Baseball.

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Going Concern

AUGUST 16, 2024

Those are some of the many careers available to a certified public accountant (CPA). Unfortunately, however, interest in the accounting profession is waning. CPA firm says city’s audit not ready to present [ Natchez Democrat ] More muni mess.

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Going Concern

JANUARY 13, 2023

Firm Watch. Coco Gauff and Baker Tilly: Game, Set, Match [ Baker Tilly ]. Are midcareer CPAs happy in your firm? Accounting Today Opinion ]. It looks that way,” Silacci said in a recent phone interview, “but I want a professional to say, ‘This is what it is.’”.

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audit Account accountant accounted 105

Going Concern

DECEMBER 9, 2022

Britain’s biggest companies and their auditors are playing a £10bn game of musical chairs. When the music stops we will have learnt something about how seriously we should take the Big Four accountants’ opposition to audit market reforms. When we go into schools, students often don’t even know what a CPA is.

CPA 98

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Withum

DECEMBER 17, 2024

These students are now pursuing a degree that qualifies them to sit for the CPA exam. My students have concerns about the type of accounting firm they should try to work at. Are there better opportunities in private accounting, i.e., a non-CPA firm? In effect, both groups of students have the same concerns.

managerial accounting 52

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Going Concern

AUGUST 4, 2023

Less than 1% of firms can find enough staff [ Accounting Today ] Relatively few CPA firms are able to find enough employees to fill their ranks and are resorting to strategies like hiring workers abroad, raising starting salaries, offering fully remote jobs, and hiring staff who haven’t graduated college, according to a new survey.

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Going Concern

MARCH 15, 2024

State CPA institute says proposed rule change would put audit professionals at risk [ Central Penn Business Journal ] A new proposal by the Public Company Accounting Oversight Board (PCAOB) has the Pennsylvania Institute of Certified Public Accountants up in arms.

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Going Concern

AUGUST 23, 2024

Audit Founder of Trump Media’s Ex-Auditor Faces CPA License Loss [ Bloomberg Tax ] The founder of an audit firm that was branded as a “massive fraud” by the SEC risks losing his certified public accounting license, a punishment that would prevent his firm, BF Borgers CPA PC, from performing external audits or certain complex tax returns.

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