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The Parallel Problems of Public Accounting & Major League Baseball

CPA Practice

The season and games are longer today, but beyond that, not much else has changed in more than 120 years of professional baseball. After reading former MLB manager Joe Maddon’s recent book, The Book of Joe – cowritten with Tom Verducci –it struck me: The plight of the public accounting industry is not unlike that of Major League Baseball.

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CPA Firm Managing Partner Weighs in on How to Rebuild the Talent Pipeline

CPA Practice

Pretty much overwhelmingly they said it was because you have to have an accounting degree and a CPA, which isn’t true. You don’t have to be a CPA. Firms are looking at non-traditional hires and non-CPAs. Accounting is not a well-marketed profession. But that should be the game plan.”

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Letter to the Editor: Life in Public Accounting Doesn’t Add Up For Young Professionals

Going Concern

I had coached baseball for 3 years at this point, umpired baseball games for 6 years, played basketball my whole life, and coached junior high football for a year. Following graduation, I took the summer off of work and umpired baseball games, golfed 18 holes, and studied for the CPA exams. Crazy how that works.

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BDO USA Calls Its New ESOP ‘a Game-Changer’ for the Profession

CPA Practice

the sixth-largest public accounting firm in the U.S., said on Monday that it is establishing an employee stock ownership plan (ESOP)—which would allow its more than 10,000 professionals to buy a shared stake in the CPA firm—that is expected to become effective later this month. BDO USA P.A.,

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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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Revolutionize your talent strategy with automation

ThomsonReuters

Retiring Baby Boomers are creating a vacuum, leading to a scarcity of experienced professionals, and there aren’t enough young people graduating with accounting degrees—or choosing to enter public accounting—to fill that void. This generational shift is not just a numerical problem but also a transfer-of-knowledge issue.

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Rewarding Top Performers

RitaKeller

It is true inside a CPA firm. I also have some advice for the Bettys of the CPA world. The best way to learn the game of business and expand your world of accounting knowledge is to demand that you be given more and more challenging assignments. Public accounting offers so many avenues for success.