Going Concern

MARCH 22, 2024

” Complying with the Corporate Transparency Act [ CPA Journal ] By now, CPAs should be aware of the Corporate Transparency Act (CTA), passed in 2021 and effective January 1, 2024. But until a deferral is confirmed, CPAs must consider which role they will serve for clients required to file when the CTA becomes effective.

Minnesota 91

Minnesota cpas audit CPA 91

Going Concern

MARCH 1, 2024

Accountant Shortage There are 340,000 Fewer Accountants, and Companies Are Paying the Price [ Bloomberg ] Aspiring accountants essentially need five years of college to earn a Certified Public Accountant license. Audit Deficiencies by Accounting Giants Grew in Latest Inspections, U.S.

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Going Concern

JANUARY 8, 2024

The headline is a bit disappointing however the article is not: Tax prep fees are rising because accounting is not a ‘cool’ career American taxpayers had to pay at least 20% more on average to get their taxes done last year — and accountants aren’t thrilled about it either. Tax pros also bumped repeat clients’ fees to $205, a 22.7%

Tax 92

Tax Account accountant accounted 92

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

JANUARY 26, 2024

This comes after KPMG, which was hired by the organization in 2021 to review its compliance with agreements for three federal grants, found that documentation was lacking. Pride “encountered challenges in locating supporting documents for certain expenditures spanning the years 2017 to 2021,” Modeste said in the statement.

Account 114

Account accountant accounted audit 114

Going Concern

NOVEMBER 2, 2022

There should be tons of accounting grads drooling for jobs right now and plenty of jobs to go around, no? A record 68,639 students graduated with accounting degrees in 2010. Nearly 4 in 10 accounting graduates hired last year by CPA firms had master’s degrees, compared with 26 percent in 2008.

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CPA Practice

OCTOBER 20, 2023

AICPA News is a round-up of recent announcements from the American Institute of Certified Public Accountants. Mr. Kess dedicated decades of services to the CPA profession, going above and beyond to raise the bar for CPAs who provide personal financial planning services.

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CPA Practice

OCTOBER 19, 2023

AICPA News is a round-up of recent announcements from the American Institute of Certified Public Accountants. Mr. Kess dedicated decades of services to the CPA profession, going above and beyond to raise the bar for CPAs who provide personal financial planning services.

cpas 52

cpas CPA Education audit 52

Going Concern

APRIL 8, 2022

CPA firms show progress in diversity amid pipeline challenges [ Journal of Accountancy ] The AICPA finally got around to releasing their 2021 Trends report, which we’ll dissect shortly. in 2020) in the portion of new accounting graduate hires at CPA firms who are ethnically diverse.

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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% from 2021 to 2022 after a steady decline of 1%–3% per year since 2015–16.

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Going Concern

APRIL 20, 2022

As I snarkily mentioned last week , the AICPA has finally released its much-anticipated 2021 Trends in the Supply of Accounting Graduates and the Demand for Public Accounting Recruits (or Trends , for short) report [PDF here ], a behemoth data dump of accounting industry stats first released in 1971 and released every two years since 2009.

Account 52

Account accountant accounted CPA 52

Going Concern

JULY 27, 2023

America First Legal, the nonprofit group founded in 2021 by President Trump’s senior advisor Stephen Miller, has sent a strongly worded letter addressed to Tim Ryan accusing his firm of “unlawfully discriminating based on race, color, national origin, religion, and sex in its hiring, promotion, training, and procurement decisions.”

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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 ]. and 2.3%, respectively, in 2021, according to the Financial Education & Research Foundation’s Public Company Audit Fee Study. Accounting Firm M&A.

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Going Concern

JUNE 15, 2023

From the JofA piece: One of the early warning signs that major changes in accounting education were needed came when major CPA firms reengineered themselves as “professional services” rather than “public accounting” firms. OH MY GOD this could have been written in 2022. Which is to say, we done been knew.

Account 57

Account accountant accounted Education 57

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. Ninth St) to the 10th floor of 200 Public Square on Monday, Oct. What CPAs can learn from Smucker’s [ Accounting Today Voices ] J.M. Rapid growth is great news for accounting firms.

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Going Concern

DECEMBER 9, 2022

The merger will become effective January 1, 2023, as teammates in the firm’s downtown office on Orange Avenue join their colleagues at the office the firm opened in Orlando’s Lee Vista office park in 2021. CPAs reaching out to students to address shortage in profession [ C&G News ].

CPA 84

CPA Florida auditor audit 84

Going Concern

JANUARY 13, 2023

Paul Munter Named Chief Accountant [ SEC ]. The Securities and Exchange Commission today announced that Paul Munter has been appointed Chief Accountant. He has served as Acting Chief Accountant since January 2021. Are midcareer CPAs happy in your firm? Accounting Today Opinion ]. ” Talent.

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