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Are accounting firms keeping remote work positions?

ThomsonReuters

Many of today’s accounting professionals have a new perspective on when and how they want to work. Are firms heeding the call? The onset of the COVID-19 pandemic forced countless businesses, including accounting firms, to go remote essentially overnight due to mandated shutdowns and stay-at-home orders.

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Accounting Ranks First In Something Good For Once

Going Concern

If that pace continues, the sector stands to lose 195,728 jobs this year, which would be an improvement from last year’s 262,582 (compare this to the <8000 people laid off from Big 4 and mid-tier accounting firms in 2023 ). CNBC says: While the average mean salary for accountants in the U.S.

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The Accountant Shortage is a Material Weakness Now

Going Concern

Advance Auto Parts was late on its most recent 10-Q and said in a June 2 SEC filing “The “Company” is unable to complete the filing of its Quarterly Report on Form 10-Q for the quarter ended April 22, 2023 (the “Form 10-Q”) within the prescribed time frame without unreasonable effort or expense due to the circumstances described below.”

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Accounting Automation: The Definitive 2023 Guide

Ryan Lazanis

This is my complete guide to accounting automation in 2023. So if you want to: Learn the 8 benefits of automated accounting. Save time by automating your accounting processes. Automate all 15 areas of your accounting. How to Automate Your Accounting in 15 Key Areas. Cloud accounting software (ie.

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Friday Footnotes: AI Trash Talks Big 4 Firms, Academics Apologize; EY Partner Took $700k in Naughty Money | 11.3.23

Going Concern

How will AI affect accounting jobs? Thomson Reuters ] While 51% of accounting professionals believe that ChatGPT and generative AI should be applied to tax, accounting, and audit work, opinions are divided about the usefulness of AI tools. Aspects of Proposed Accounting Standards Update (ASU) No. Who knows!

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Friday Footnotes: For the Last Time, Salaries Are Too Low; NOCLAR Is Back; Big 4 Beat Up Again | 3.1.24

Going Concern

Meanwhile, the audit side is under increased regulatory pressure because of perceived lapses in audit quality at accounting firms of all sizes. Last year, the median salary for full-time entry-level accounting jobs was roughly $62,500, up from about $50,000 in 2020, according to Handshake data.

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The Search for Talent in Firms

CPA Practice

Nine out of 10 accountants in the United States report that they have struggled to hire good, quality job candidates in the past year, according to a new survey commissioned by Intuit QuickBooks. That’s an issue when 82% of accountants anticipate business growth in 2023.