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Monday Morning Accounting News Brief: BTFO PCAOB; Did the CPA Exam Evolve Without Academia? | 4.28.25

Going Concern

In addition to the survey results, this article reports the additional resources suggested by faculty to fully adapt their courses and teaching methods to the new CPA exam, including how they believe CPA firms can assist. This could be implemented in numerous ways.

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In ongoing accounting crunch, where to go for sales tax help?

TaxConnex

More generally, accounting talent pool concerns are pressing even for accounting firms , as enrollment rates of accounting students continue to fall. The accounting education pipeline is drier than ever even as accounting degrees require many additional course hours. from 2020 and down 15.9%

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The Accounting Talent Shortage is Not New, You Guys

Going Concern

A record 68,639 students graduated with accounting degrees in 2010. Nearly 4 in 10 accounting graduates hired last year by CPA firms had master’s degrees, compared with 26 percent in 2008. By contrast, 43 percent of graduates hired had bachelor’s degrees, down from 56 percent in 2008.

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Number of Accounting Grads Continues to Shrink

CPA Practice

post-secondary accounting degrees fell sharply in the 2021-22 academic year, according to a biennial American Institute of CPAs (AICPA) report on trends related to accounting graduation rates, the CPA Exam and hiring demand by accounting firms. Master’s degrees earned at private institutions fell 10.9%

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Texas Close to Allowing CPA Candidates to Test with 120 Credits

CPA Practice

But in an article for Accounting Today that was published earlier this month, Blake Oliver, a CPA who specializes in accounting technology and is the founder of Earmark CPE, estimated that the cost of the 150-hour rule is more than $2 billion. But how much money do all students spend each year? billion per year.

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Professionals on the Move – June 2023

CPA Practice

Shekel joins the firm with more than 20 years of experience, focused primarily on valuation services. Prior to joining FORVIS, Shekel led the valuation advisory services for professional M&A and accounting firms with a focus on middle-market business development companies, private-equity funds, and real estate entities.

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Friday Footnotes: The PCAOB-to-Practice Pipeline and Audit Quality; Ball Extension; Tim Ryan’s Replacement | 1.12.24

Going Concern

The auditor in question was Deloitte, the behemoth Big Four accounting firm with annual revenue of $65 billion through a global network that stretches from Amsterdam to Zhengzhou. According to a report by Thomson Reuters, the accountancy regulator has fined auditors £33.2m in 2022/23, slightly up from £32.8m in 2021/22.

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