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AICPA Says it Has a Plan to Fix the CPA Talent Shortage

CPA Practice

But modest starting salaries , horrible work/life balance (especially in public accounting), and time-consuming and strict requirements to obtain CPA licensure have resulted in declining student interest in accounting careers—thus creating a talent shortage in the profession.

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Friday Footnotes: Bob Moritz Disappoints Us; ERC Window Slamming Shut; 2024 Sucks For Firms? | 3.22.24

Going Concern

Day will join the FASB from Ernst & Young LLP (EY), the global accounting and professional services firm, where he is a partner working in Professional Practice. Mr. Day has spent most of his 38-year accounting career at EY, which he initially joined in 1986 on the audit staff in St. Louis, Missouri. I wanted an adventure.”

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AICPA News – Feb. 2024

CPA Practice

For a more in-depth overview of the status of all of the initiatives, download the Winter 2024 update. CPA firms of all sizes and practice types could choose to recruit entry-level hires into the program. The program is also open to companies, not-for-profits, and government employers who hire CPA-track staff.

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Friday Footnotes: CPA Exam Scares Accounting Majors Away; EY Loses Fees in China | 5.12.23

Going Concern

Talent Why Graduates Aren’t Hot on Accounting Careers: Low Starting Pay, Onerous Testing [ Wall Street Journal ] For Connor Verrett, an economics major and entrepreneurship minor at Washington & Lee University who expects to graduate this month, that roadblock was among the factors he considered in eschewing an accounting career. “It

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We Asked Twitter What’s the Second Most Important Issue in the Accounting Profession Right Now, Here’s What They Said

Going Concern

And here’s one from the Illinois CPA Society based on what they’ve heard from their members: What we hear among our members: retaining existing staff, lack of support for pursuing the CPA credential, and DEI challenges. We suspect that were accounting firms to raise salaries in a significant way, talent would follow.

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AICPA Advisory Group Seeks Inclusivity on National Strategy to Address Accounting Talent Shortage

CPA Practice

The group’s mission is to use a data-driven, highly collaborative and inclusive approach to tackle issues that have led to declining numbers of accounting graduates and CPA candidates. We’re asking tough questions and having tough conversations,” said Sue Coffey, the AICPA’s CEO of public accounting and NPAG’s executive sponsor.

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Friday Footnotes: Why Private Equity Loves the Profession; A Very Naughty KPMG Employee; WTF PwC Guy | 4.5.24

Going Concern

Education School of Accounting will honor alums at Wilton T. Anderson Hall of Fame Banquet [ Oklahoma State University ] Oklahoma State University’s School of Accounting will honor three outstanding alumni during the 2024 Wilton T. CPA licensure program off to ‘promising’ start [ Journal of Accountancy ] 38 people huh?

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