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The 2023 AICPA Trends Report Shows Things Are Looking Up For Accounting Grad Numbers! JK They Suck

Going Concern

Master’s degree completions also fell in 2021–2022 (-6.4%) but the percentage decline is significantly less than in 2019–20. 65,035 total accounting degrees completed for 2021-22. Since accounting graduate numbers peaked in 15-16, here’s the difference by year compared to prior year.

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

TaxConnex

For respondents, the staffing struggle also meant curtailing business growth (19.23%), more errors in sales tax calculation (17.58%), more frustration from existing staff (21.43%) and, perhaps scariest, a growing lack of confidence in being prepared for an audit (22.53%). million accountants and auditors in the U.S. There were about 1.65

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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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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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MNCPA to Educators: “We Do Not Need New CPAs Who Have Additional College Credits; We Need More CPAs, Period.”

Going Concern

When evaluating the decision to pursue legislation, the MNCPA board focused on attracting students to the accounting degree and, ultimately, CPA certification. A decline in CPAs is affecting smaller cities, counties and school districts that are unable to find a CPA to perform their audits.

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Let’s Start the Year Off With Some Doomsaying Predictions For the Profession in 2023

Going Concern

Audit failures will become more frequent & high profile ( #FTX now, what next year?). Regulators will increase pressure to improve audit quality, as they should. Ignoring 2020, each year since 2016 has gotten worse and been the lowest new candidate year since. CPA Evolution will depress the pipeline further.

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Professionals on the Move – Nov. 2023

CPA Practice

Hood & Strong Announces Audit Management Promotions Hood & Strong LLP, a leading Northern California public accounting and business consulting firm, recently promoted three audit team members to new and expanded roles. Corder received his accounting degree from Texas Christian University and holds an M.S.