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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.

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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. These sub-groups are looking into reasons why fewer people are choosing a career in accounting in those respective stages and assessing potential solutions.

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

CPA Practice

There’s plenty of accounting jobs out there that need to be filled— more than 300,000 accountants and auditors have left the profession in the past few years. But the AICPA said today it has a framework in place to fill that CPA pipeline back up.

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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

A modest increase in examination candidates is expected for 2023 due to the launch of CPA Evolution in 2024, just as we saw in 2010 prior to the significant exam changes ushered in with CBT-e in 2011. We suspect that were accounting firms to raise salaries in a significant way, talent would follow. And now we’re where we are.

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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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Friday Footnotes: How Are Firms Actually Using Data Analytics?; KPMG and BDO on the Move | 9.15.23

Going Concern

At the meeting, the Board will consider issuing for public comment a proposal to amend PCAOB Rule 3502, Responsibility Not to Knowingly or Recklessly Contribute to Violations. A number of accounting firms,1 public companies, professional membership associations and other key stakeholders raised concerns.

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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. The AICPA and NASBA will continue to pilot the program in the spring, summer and fall 2024 semesters. Win STEM recognition for accounting Interest in professional careers starts with exposure and awareness.

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