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State CPA Society News & Updates – June 2023

CPA Practice

State CPA Society News & Updates is a round-up of recent announcements and initiatives by CPA associations in the United States and its territories. The Massachusetts Society of CPAs ( MassCPAs ) recently launched a scholarship to honor the legacy of current Society President and CEO Amy A.

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Scholarship Fund Launched to Expand the CPA Pipeline

CPA Practice

A new initiative, Controllers for a Cause Scholarship Fund, seeks to support the CPA pipeline with scholarships for students sitting for the CPA Exam. The fund is a program developed by the Controllers Council and administered by the AICPA Foundation , a charitable organization of the American Institute of Certified Public Accountants.

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MNCPA to Educators: “We Do Not Need New CPAs Who Have Additional College Credits; We Need More CPAs, Period.”

Going Concern

Minnesota Society of CPAs has sent a message to educators in the state regarding legislation that would introduce an alternative pathway to CPA licensure and the message to these stewards of the next generation of accountants is clear: no one is trying to eliminate MAcc programs.

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How Much Should Public Accounting Starting Salaries Be to Make Public Accounting Starting Salaries Less Awful?

Going Concern

Let’s talk about starting salaries in public accounting. Let’s assume a student has an undergraduate accounting degree, a MAcc degree, and has passed all 4 sections of CPA exam. Accounting. — Dr. Josh McGowan, CPA (@Jmcgowan3838) September 19, 2022. 55K isn’t it.

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Karol Y Haugan Named Woman to Watch Nominee, Emerging Leader Category

Withum

Withum is proud to share that Karol Y Haugan , Tax Manager, was nominated for the Florida Institute of Public Accountants (FICPA) 2024 Woman to Watch Awards in the Emerging Leader category. She is also an active, dependable coach and mentor, with a particular eye for career development and continued education.

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This One Chart Shows Just How Boned the Accounting Profession Is

Going Concern

Perusing The CPA Journal as one does when one is tasked with the onerous burden of reporting on happenings in a profession in which so few things happen, I saw this discussion on CPA Evolution by Nina Terranova Dorata, PhD, CPA and Vincent J. Fitting really, as it encapsulates how boned the profession is. What are we looking at?

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EY Promises to Increase Starting Salaries to Make Accounting More Attractive

Going Concern

They did say the salary bump will put accounting “on par with other business majors” though: EY US will increase early career compensation as part of a total rewards package that recognizes the value of a certified public accountant (CPA) career path.

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