Going Concern

OCTOBER 18, 2024

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. Firm Watch Accountancy firm BDO fined €1.3 BDO is going to appeal the decision.

audit 104

audit auditor New York accounting and finance 104

Going Concern

OCTOBER 10, 2024

In a post published on October 7th by Montclair State University titled “ Top 5 Reasons to Transition to an Accounting Career ” that can be best described as a thinly veiled advertisement for their Master’s program, the university explains “why making the leap into accounting might be the best move you ever make.”

accounting careers 72

accounting careers managerial accounting accountant accounted 72

CPA Practice

JULY 25, 2025

Mary Girsch-Bock Professionals on the Move is a round-up of recent hiring, promotion and staffing announcements from around the accounting and tax profession. Patrick Hickman, CPA , joined the firm in 2023 following a decade in public accounting with other firms. He graduated with a B.S.B.A He graduated with a B.S.B.A

West Virginia 40

West Virginia Pennsylvania Technology accounting and finance 40

Withum

FEBRUARY 27, 2025

In a tradition stretching back more than three decades, the Florida Institute of Certified Public Accountants (FICPA) held its annual liaison meeting with the states Department of Revenue (DOR). The taxpayer was applying a deduction bonus depreciation for an asset purchased before becoming a Florida taxpayer.

Florida 52

Florida income tax audit Real Estate 52

Going Concern

DECEMBER 18, 2024

Separately, Cherry Managing Director Aurpon Bhattacharya will be joining Sikich as a principal. note: it was at this point we added a Sikich tag to the website because they’re actually doing newsworthy things these days] The acquisition of Rockville, Maryland’s Saggar & Rosenberg was announced in August.

Washington 59

Washington Maryland Government public accounting 59

Going Concern

MAY 1, 2025

Several years back, the AICPA seemingly out of nowhere announced it had detected a huge threat to CPA licensure and started warning its members of a vague movement to do away with licenses completely that could somehow affect accountants. The Division of Certified Public Accountancy would also be relocated from Gainesville to Tallahassee.

Florida 85

Florida cpas CPA Education 85

Going Concern

APRIL 11, 2025

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. Salaries for accountants are starting to increase after lagging for years, experts said.

audit 52

audit CPA Iowa North Carolina 52

Going Concern

FEBRUARY 14, 2025

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. Employees that have chosen to accept the offer and resign will still get paid through September.

Arizona 52

Arizona audit CPA Legal 52

TaxConnex

FEBRUARY 27, 2024

Your sales tax obligations depend on knowledge and that knowledge often resides in a professional tax specialist (usually an accountant) who helps your company meet its sales tax obligations. This is a complicated time for sales tax obligations – and a terrible time to try to hire an accountant. There were about 1.65 in 2022, up 1.3%

Sales 264

Sales Tax Account accountant 264

Going Concern

JANUARY 23, 2023

Brazilian retailer and PwC client Americanas filed for bankruptcy, its three largest shareholders said over the weekend they had not known of $4 billion in accounting inconsistencies. “We didn’t know of and would never allow any accounting manipulation in the company”, they said in a statement.

public accounting 116

public accounting Account accountant accounted 116

Going Concern

JULY 17, 2024

INSIDE Public Accounting is due to release their Top 500 list soon and in the meantime, they’ve asked a very important question: Will 2024 show another big boost in compensation? In 2019, it was $620,936. It was $275,318 in 2019. The post Just How Much Have Accounting Salaries Increased in the Last Five Years?

accountant salary 129

accountant salary Account accountant accounted 129

Going Concern

DECEMBER 16, 2022

Leaders of the accounting powerhouse are talking to private-equity firms as they draw up plans for the sale of EY’s consulting arm, the people familiar with the matter said. Quiz: Test your remote audit knowledge [ Journal of Accountancy ]. Reports: BDO USA, LLP (6/20/2019 Report). Does it pay to be an accountant?

public accounting 98

public accounting Account accountant accounted 98

AdviceForTaxpreparers

SEPTEMBER 8, 2020

My name is Bill Meador and I am writing a book to help tax staff succeed in a public accounting firm tax department. Since I do not plan to sell this book through a publishing company, I need another way to market the book to the public. Now I understand the first reaction of many accountants to the concept of selling anything.

tax preparation 246

tax preparation Tax cpa firm tax return 246

Going Concern

OCTOBER 17, 2023

The 2023 AICPA Trends in the Supply of Accounting Graduates and the Demand for Public Accounting Recruits report (short: Trends report) was released last week and spoiler alert, it’s dark. Says the AICPA, bachelor’s degree completions in accounting dropped 7.8% 65,035 total accounting degrees completed for 2021-22.

accounting degree 124

accounting degree Account accountant accounted 124

CPA Practice

JUNE 6, 2023

The American Institute of Certified Public Accountants and CPA Practice Advisor have announced the recipients of the 12th annual ‘Most Powerful Women in Accounting’ awards, which recognize leaders for their significant contributions to the profession.

CPA 134

CPA Account accountant accounted 134

CPA Practice

APRIL 16, 2024

The Philadelphia Inquirer (via TNS) Molly Kowal decided to become an accountant in part because she knew it would be a stable career. My generation is more focused on maintaining that work-life balance,” said Kowal, who works at accounting firm EisnerAmper in Philadelphia. “A By Lizzy McLellan Ravitch.

accounting firms 134

accounting firms Account accountant accounted 134

CPA Practice

JUNE 4, 2024

The American Institute of Certified Public Accountants and CPA Practice Advisor have announced the recipients of the ‘Most Powerful Women in Accounting’ awards, now in their 13th year, which recognize leaders for their significant contributions to the profession. This year’s nominees continue to carry this torch of excellence.

Account 135

Account accountant accounted CPA 135

Going Concern

JULY 11, 2023

The Wall Street Journal wrote today about recent disclosures made by Advance Auto Parts, Joby Aviation, and Germany’s Evotec that specifically point to a lack of accounting staff as a contributor to or sole factor causing certain material weaknesses. We have engaged a leading public accounting firm to support this work.

Account 140

Account accountant accounted financial statements 140

BuildYourFirm

APRIL 28, 2020

For twenty consecutive years, Allan has been named by Accounting Today as one of the Top 100 Most Influential People in the accounting profession. In 2019, he was recognized as the “Third Most Influential” in the profession. In 2016 CPA Practice Advisor inducted Allan into the Accounting Hall of Fame.

Wisconsin 168

Wisconsin cpas CPA accounting degree 168

TaxConnex

FEBRUARY 15, 2024

: The District of Columbia Court of Appeals has affirmed denial of George Washington University Hospital’s refund claim for nearly $1 million in sales tax collected from 2016 to 2019. The Texas Comptroller of Public Accounts amended a regulation to determine the location where a sale is completed for local sales and use tax purposes.

Sales 263

Sales Tax Illinois Washington 263

Going Concern

NOVEMBER 2, 2022

Although the accounting talent shortage seems like something that just popped out of nowhere and couldn’t possibly have been predicted, oh, a decade ago, I feel compelled to remind everyone that we here at Going Concern saw this coming. From Is There Really a Shortage of Entry Level Accountants? OK ready for the prophetic bit?

Account 126

Account accountant accounted accounting degree 126

Going Concern

OCTOBER 18, 2022

CohnReznick announced a merger with Dallas firm BKM Sowan Horan and the Dallas Morning News took the opportunity to trumpet the happy nuptials of the official accounting firm of the Dallas Cowboys. Dallas Morning News : CohnReznick, the 15th largest accounting firm in the U.S. look how excited 5 out of 8 of these people are.

Account 105

Account accountant accounted Texas 105

Going Concern

MAY 9, 2023

So far it seems dwindling accounting graduate numbers in the Philippines are mostly affecting in-country businesses and firms, still something worth keeping an eye on. Ten to fifteen years ago, as soon as we graduate from Accountancy school, we would be employed by accounting firms or other local corporations. The salary.

cpas 122

cpas Account accountant accounted 122

CPA Practice

AUGUST 29, 2024

As more than 75% of Certified Public Accountants reached retirement age in 2019 and fewer recruits are entering the field due to demanding education and work experience requirements, the talent gap is widening—the U.S. is lacking 340,000 accountants alone. based companies between Q1 2022 and Q1 2024.

Account 98

Account accountant accounted public accounting 98

Going Concern

AUGUST 30, 2023

Here’s all that information plus some extra details in graphic form for those who prefer visuals: via this handy Texas State Board of Accountancy PDF that explains everything candidates need to know about this amendment to the Texas Public Accountancy Act And even more info!

Texas 130

Texas CPA cpas Education 130

KROST

APRIL 9, 2021

. – KROST CPAs and Consultants, Los Angeles-based firm, receives two new accolades from Accounting Today , Top 100 Firms, and Fastest-Growing Firms in the U.S. which is new to the regional list this year.” – Accounting Today. “It It means a great deal to us to receive these two awards from Accounting Today. “It

cpa firm 89

cpa firm CPA Account accountant 89

CPA Practice

AUGUST 23, 2023

Partnering with an outsourced accounting firm can not only help leadership recapture lost time, but also increase financial efficiency and improve data accuracy – providing real-time insights and expertise that will embolden organizations’ missions and allow them to maximize their impact with limited resources.

Account 98

Account accountant accounted accounting and finance 98

Going Concern

JULY 29, 2024

India Today explains why US firms love hiring accountants in India : Consequently, American firms are increasingly turning to other countries to fill the gap, particularly eyeing India for its highly skilled accounting professionals. … In essence, the US accounting crisis presents a unique opportunity for Indian accountants.

CPA 116

CPA Account accountant accounted 116

BuildYourFirm

JULY 13, 2020

Gary Shamis, Principal at Winding River Consulting, has had an accomplished career in accounting, developing his dad’s bookkeeping firm from $225,000 to roughly $100 million. Master of Accountancy, The Ohio State University B.S. He built the 37th biggest CPA firm in the country before merging SS&G, Inc.

Ohio 130

Ohio cpas public accounting cpa firm 130

CPA Practice

JANUARY 17, 2023

In the last few years there has been a shortage of critical skills with regards to the accounting profession and especially in the output of North American and European professionals with CPA, EA and CMA qualifications. This accounting qualification shortage has put a squeeze on firm owners who require individuals with these designations.

cma 127

cma CPA accounting and finance public accounting 127

Going Concern

MARCH 13, 2023

Per Part II, Item 8 “Report of Independent Registered Public Accounting Firm” ( SEC EDGAR link ), KPMG issued an unqualified opinion two weeks before the bank failed. The post This SVB Securities Exec’s Resume Reads Like a Wikipedia Page For 21st Century Accounting Trash Fires appeared first on Going Concern.

accountant 105

accountant accounted Account auditor 105

Going Concern

SEPTEMBER 25, 2023

It’s been a while since we’ve done an Accountants Behaving Badly megapost ( 381 days ago , actually), here’s some bad behavior you may have missed. Twice-Convicted Accountant Is Charged With Embezzling More Than $1.1 Palos Hills Accountant Indicted In $7.8M This stock photo is incredible.

tax preparation 105

tax preparation Gambling Account accountant 105

Going Concern

AUGUST 5, 2022

The most DYNAMIC firm in all of public accounting recently had comp discussions, according to r/accounting. So we went on r/accounting and looked at the 2022 , 2021 (and this thread on Fishbowl) 2019 , and 2018 comp threads, as well as the 2017 , 2016 , 2015 , 2014 , and 2013 comp threads on Going Concern.

public accounting 98

public accounting audit Start-ups accounting firms 98

Going Concern

JANUARY 4, 2024

FT ‘s Stephen Foley has written an opinion piece for, you guessed it, FT on the profession’s deadest of horses: the accountant shortage. ” Actually they use the words “came together” on the website but I refuse to use that phrase as I’m perpetually 15 years old.

accounting and finance 114

accounting and finance public accounting Finance accountant 114

Going Concern

FEBRUARY 23, 2023

Bored of writing and talking about the dire accountant shortage and the consequences it could have on the entire financial system as we know it, the other day I tweeted a question to find out what else folks think is plaguing accounting. We suspect that were accounting firms to raise salaries in a significant way, talent would follow.

Illinois 97

Illinois CPA accountant accounted 97

Going Concern

SEPTEMBER 12, 2023

.” From today’s news release : The Securities and Exchange Commission today charged Alfonse Gregory Giugliano, CPA, the former National Assurance Services Leader at Marcum LLP, a public accounting firm, with failing to sufficiently address and remediate numerous deficiencies in Marcum’s quality control system.

audit 116

audit public accounting Management Consulting auditor 116

Going Concern

JULY 31, 2023

r/accounting reacts to KPMG’s summer internship for high schoolers: Staffing shortages at KPMG? The PCAOB’s new rules would widen auditors’ responsibility to scrutinise whether a company is complying with laws and regulations, and to communicate more of their concerns to a company’s board of directors. Such suggestions are false.

auditor 98

auditor Account accountant accounted 98