2020 auditor CPA public accounting 
CPA Practice
JANUARY 18, 2023
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. Let’s look at some of the parallel problems facing both public accounting and MLB. Shifting demographics.
Going Concern
MAY 26, 2023
Long Read How a Pandemic-Era Program Became a Magnet for Fraud [ New York Times ] Amid the onset of the pandemic in 2020, as large swaths of the economy went into lockdown, Washington set up various programs to help keep businesses and their workers afloat. Have a safe Memorial Day. million over a decade.
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Going Concern
OCTOBER 20, 2023
Local CPA weighs in on accountant shortage [ WMDT ] The Salisbury, MD news spoke to a UHY partner about the issue. Accounting enrollment for the past 10 years has been declining by 16.9% LBMC is already Tennessee’s largest CPA firm, and was recently named a 2023 best tax and accounting firm by Forbes.
Going Concern
JANUARY 27, 2023
Big 4 EY auditors escape potential Wirecard sanctions after leaving profession [ Financial Times ] Germany’s audit watchdog closed investigations against four current and former EY auditors involved in inspecting collapsed payments firm Wirecard after they handed back their professional licences and left the profession earlier this month.
Going Concern
JULY 31, 2023
With days to go before the end of a consultation period on the proposal from the Public Company Accounting Oversight Board, (PCAOB) they are trying to sign up their clients to oppose the plan, saying that audit fees will soar if the changes go through. The Big 4 have increased their number of new accountants over the past three years.
Going Concern
JUNE 23, 2023
Talent How Can the Accounting Profession Attract a Diverse Generation Z? [ The CPA Journal ] Generation Z is beginning to enter the workforce, bringing with it a demographic shift that will affect every facet of American society, including the accounting profession. Indeed, average occupancy of offices in the U.S.
TaxConnex
FEBRUARY 27, 2024
The accounting education pipeline is drier than ever even as accounting degrees require many additional course hours. million accountants and auditors in the U.S. from 2020 and down 15.9% from 2019,” reads a recent Wall Street Journal article on accounting’s latest great resignation. There were about 1.65
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