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

Going Concern

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% This is all anyone cares about anyway right?

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

Going Concern

million in audit fees in 2022.) How did Deloitte, the auditing heavyweight watching over Tingo’s books, miss a scam that Hindenburg, an outsider, called out as painfully obvious? Audit Do former regulators improve the quality of audits? Audit Do former regulators improve the quality of audits? in 2021/22.

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The Accounting Talent Shortage is Not New, You Guys

Going Concern

There should be tons of accounting grads drooling for jobs right now and plenty of jobs to go around, no? 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.

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Professionals on the Move – June 2023

CPA Practice

She brings deep experience in leading finance organizations at high-growth SaaS companies through IPO and beyond and serves on both the board of directors and audit committees for public and private companies. in October of 2021. Medallia was publicly traded (NYSE: MDLA) until its purchase by Thoma Bravo for $6.4B

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College Accounting Programs Are Taxpayer-Funded Training Programs for the Big 4 and Other Such Muckraking

Going Concern

The need for formal financial statements is rare because lenders realize the high cost of audited financials is not beneficial to either party, so usually a tax return or basic prepared or compiled financial statement is provided. auditing requirements in its component audits of U.S. September 12, 2021. June 28, 2022.