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3 reasons for the accountant shortage (and how CPA firms can attract candidates in 2023)

Accounting Insight

Accounting students understand they’ll need to “pay their dues” during their first few years before seeing significant pay increases. But today’s students don’t view the stability of an accounting career as an incentive to pay those dues. Illustrate how complex transactions rely on accountants’ decision-making.

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Streamlining procurement processes: A case study with Airbase and Doximity.

Airbase

One of the happiest moments of my accounting career was when Airbase reached out and said Guided Procurement was going live.” It’s possible to arrange approval milestones in a sequential order if needed, but they can also have accounting, FP&A, and legal review at the same time. Benefits and results.

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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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Monday Morning Accounting News Brief: KPMG Vet Quits on Christmas; PwC Resigns; ‘A Veil of Legitimacy’ | 1.16.23

Going Concern

A discussion about money laundering in Australia : “Accountants are at the frontline of this as the industry remains a popular avenue for financial criminals, who seek to leverage the industry’s prestige and firm/client relationships to launder money and give their illicit funds a veil of legitimacy.”

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Many Professionals Think AI Will Have Positive Impact on Their Careers

CPA Practice

They include responses from more than 2,500 workers 18 and older and more than 2,000 hiring managers in finance and accounting, technology, marketing and creative, legal, administrative and customer support, human resources, and other areas at companies with 20 or more employees in the United States.

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

Going Concern

The international firm has cited legal professional privilege over a report by law firm Linklaters, but provided more information about the scope of the investigation and the conduct of those it mentions. 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.

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The Future of Accountancy: The importance of ‘Soft Skills’ in the age of AI

Mark Lee

In this blog post I will unravel the myths surrounding soft skills, debunk common misconceptions, and explore why, what I prefer to think of as Key Business Skills (KBS), are more important than ever if you want to ensure the success of your accounting career and practice. I can now see a future where this will no longer be as common.

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