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There Are 340,000 Fewer Accountants—and Companies Are Paying the Price

CPA Practice

While it’s unclear what exactly led to the mistakes in each of these cases, one major risk factor has reached crisis levels: a shortage of certified public accountants. The lack of help means current accountants’ hours and workloads can be grueling, upping the odds of mistakes and burnout. “If

Account 78
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Listen Up, Young Accountants: Career Advice For Sticking Out Those Early Years

Going Concern

Let’s say they’re in public accounting, and they get assigned to an engagement with a manager or client they don’t particularly like,” asked Maginnis. “Or But too often, young CPAs flee public accounting for what they believe are the greener pastures of industry and miss out on that learning and development.

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Monday Morning Accounting News Brief: Gen Z Ruins Accounting; EY Hammers Out Some Deets; Internal Control Controversy | 12.05.22

Going Concern

Cohen and Company, CPAs of Rockville, Maryland, merged into Marcum effective December 1, adding to Marcum’s presence in the Mid-Atlantic. They assume since management is doing the internal control evaluation themselves, the auditor opinion does not matter. Gen Z is ruining the public accounting meat grinder.

Account 52
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Monday Morning Accounting News Brief: Deloitte Goes Big in Boston; Advisory Readies For Pain | 7.10.23

Going Concern

The firm’s junior auditors have been told that the pay band for one cohort would be frozen while others would increase by just 3pc or 6pc. In lighter news, Withum has added 19 new partners , 11 of whom are based in New Jersey, bringing the firm’s partner total to 225.

Account 81
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Friday Footnotes: PwC Is Tops in M&A Advisory; What You Can Do With a MAcc; EY Consolidates in LatAm | 4.28.23

Going Concern

New Jersey Society of CPAs Awards $221,500 in Accounting Scholarships [ NJCPA ] The New Jersey Society of CPAs (NJCPA) awarded $221,500 in scholarships to 53 New Jersey-based high school and college students on April 27 at the Pines Manor in Edison.

Colorado 104
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Monday Morning Accounting News Brief: The EY Executive Who Never Was; Deloitte Doesn’t Get in Trouble | 10.9.23

Going Concern

Puget Sound Business Journal wrote “ Lakemont estate owned by former EY accountants hits the market ” so of course we had to check it out. Both CPAs, Mike Gibson is a retired audit partner and his wife Kristy worked at EY too, now she runs a recruiting firm. Who says accounting doesn’t pay??

Account 69
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Friday Footnotes: EY Partners’ Snazzy Secret Meeting; PwC Talks Layoffs; Merger Mania! | 8.19.22

Going Concern

based accounting firm, names 2 partners in Iselin [ ROINJ ] EisnerAmper, the global business advisory firm with a major presence in New Jersey, has added the 200-plus employees of Minneapolis-based accounting and advisory firm Lurie LLP, it announced this week. Firm M&A: Eisner adds Minn.-based Audit: U.K.

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