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The Beef Between the AICPA and Minnesota Over the 150 Hour Rule Heats Up

Going Concern

That’s sort of what’s happening in the profession right now over proposed legislation in Minnesota that offers an alternative to the traditional 150 units of education required for licensure. That’s not to say Minnesota sucks, rather they are going up against the behemoth that is the AICPA.

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CPAs Provide Six Ways to Replenish the Talent Pipeline

CPA Practice

As the accounting profession continues to grapple with a shortage of new CPAs and fewer accounting graduates , an independent national advisory group has published six draft recommendations in a new report on what the profession can do to restock its pipeline with young talent. The three concepts NPAG recommends are: 1.

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One of Minnesota’s Largest Accounting Firms Can Totally Get Behind the Alternative Pathway to CPA Licensure

Going Concern

In a LinkedIn post published March 3 , CLA CEO Jen Leary — who graduated wayyyy back when only 120 units were required — threw her support behind Minnesota Society of CPAs’ initiative to add a second pathway that would allow CPA licensure at 120 units and two years of experience. Which, duh.

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

Going Concern

Top Remote Accountants of the Week | March 21, 2024 Practice The worst of times: Issues in accounting in 2024 [ Accounting Today ] It’s a great time to run an accounting firm — except for how hard it is. Atlas CPAs and Advisors undercut the Utah-based auditing firm by $12,000.

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CPA Society News & Updates – Feb 7, 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 Virginia Society of CPAs recently announced that the Essential Ethics courses are live and open for registration., For more information, contact HSCPA.

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Monday Morning Accounting News Brief: EY Morale Is Suffering After Layoffs; Ignoring Audit Quality? | 3.11.24

Going Concern

Minnesota’s proposal to add a second pathway to CPA licensure that doesn’t require 150 hours of education is moving forward in the MN Senate. The work continues to grow but the supply of CPAs to do the work isn’t keeping up. … This bill is the pipeline for the life of our firm.” We need to move forward.

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Friday Footnotes: PwC Isn’t Getting a Redemption; Just Say No to NOCLAR; Oh, Layoffs? | 3.15.24

Going Concern

EY’s new boss shuffles leadership roles and plans cost cuts [ Financial Times ] EY’s new boss Janet Truncale has set out her leadership team for the Big Four accounting firm, moving an architect of its failed split from his executive role and signalling plans to cut costs across the global firm.

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