Going Concern

MARCH 17, 2023

When evaluating the decision to pursue legislation, the MNCPA board focused on attracting students to the accounting degree and, ultimately, CPA certification. A decline in CPAs is affecting smaller cities, counties and school districts that are unable to find a CPA to perform their audits.

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Going Concern

FEBRUARY 12, 2024

Someone you know spoke to NPR’s Marketplace for this story: Some accountants are turning away new customers this tax season Tax filing season is here and if you’ve been putting off finding a CPA, good luck. And how did another American firm earn more than six million dollars in net new audit fees? Do you have room?’

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CPA Practice

JUNE 5, 2023

The Society will award the $5,000 scholarship each year to a deserving undergraduate or graduate student pursuing an accounting degree in Massachusetts. The course is designed for Delaware professional accountants and is $149 for DSCPA members and $209 for non-member.

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Going Concern

MAY 9, 2023

Because “off the top of my head” isn’t sufficient fact-checking even for Going Concern, I looked it up and came across this December 2022 post about historical CPALE pass rates written by Joel L. Additionally, US accounting degree completions peaked in 2015-16 and have trended down since.

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Going Concern

SEPTEMBER 1, 2023

Check out this week’s top remote accounting candidates. The “big four” accounting firm reported revenue of A$3.4 EY Assurance teams now process over 775b lines of journal entry data each year, as part of the EY digitally transformed audit. billion ($2.21 30 after 33 years with the firm.

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CPA Practice

JANUARY 11, 2024

Before joining CohnReznick, Kavanagh was a partner for a Big 4 firm where he served as the audit engagement partner for two components of a Fortune 100 aerospace and defense company’s engagement and was the engagement partner at the issuer level for multiple SEC clients. BWK) recently expanded its staff by 20%.

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Going Concern

MARCH 25, 2022

PCAOB cautions firms on use of outside service providers for audit confirmations [ Accounting Today ] The Public Company Accounting Oversight Board issued a Spotlight publication Monday containing some observations and reminders for auditing firms about relying on outside service providers for electronic audit confirmations.

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Going Concern

JUNE 24, 2022

“You guys have clearly done a great job identifying accounting that is way beyond its date…to do nothing about this would be a shame.”. UPS, Dell, Others Call on SEC to Retool Climate Accounting Plan [ Bloomberg Tax ] Audit firms and companies including United Parcel Service Inc. Mike Moïse (@MikeMoiseCPA) June 21, 2022.

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CPA Practice

NOVEMBER 3, 2023

College graduates with accounting degrees , CPA exam takers , new entrants to the accounting workforce —all these metrics and our experience make us feel there’s a lack of interest in our industry. You can sense the collective anxiety brewing: Is our industry running low on accounting talent? By Andrew Argue, CPA.

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Account accountant accounted Technology 124

Going Concern

OCTOBER 24, 2022

From last Friday’s Footnotes ICYMI : Deloitte is delaying offers in India, KPMG flunks audit inspections at twice the rate of other firms, PwC is hiring more minorities, and EY is putting out press releases about all the hiring it is doing in the UK. Lots and lots of pictures.

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Going Concern

JANUARY 12, 2024

million in audit fees in 2022.) How did Deloitte, the auditing heavyweight watching over Tingo’s books, miss a scam that Hindenburg, an outsider, called out as painfully obvious? Audit Do former regulators improve the quality of audits? Audit Do former regulators improve the quality of audits?

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Going Concern

JULY 14, 2022

Now the problem of waning interest in accounting as a major may or may not end up being a huge issue considering 42.7% of firm new hires are non-accounting grads, up from 31% the two years prior (data from the 2021 Trends in the Supply of Accounting Graduates and the Demand for Public Accounting Recruits report released this year).

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Going Concern

OCTOBER 11, 2022

The need for formal financial statements is rare because lenders realize the high cost of audited financials is not beneficial to either party, so usually a tax return or basic prepared or compiled financial statement is provided. September 29, 2022. auditing requirements in its component audits of U.S. June 28, 2022.

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CPA Practice

MAY 30, 2023

The number of CPA candidates who took the Uniform CPA Examination in 2022 was about 7% lower than the previous year, the Financial Times reported on May 28. The number of CPA hopefuls who took the exam has decreased each year from 2017 to 2022. FT reported that was the lowest amount of CPA exam takers in at least 17 years.

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