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Friday Footnotes: AI Trash Talks Big 4 Firms, Academics Apologize; EY Partner Took $700k in Naughty Money | 11.3.23

Going Concern

How will AI affect accounting jobs? Thomson Reuters ] While 51% of accounting professionals believe that ChatGPT and generative AI should be applied to tax, accounting, and audit work, opinions are divided about the usefulness of AI tools.

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Friday Footnotes: No Foolin’ Here; 18,000 New Accounting Jobs; Skills Auditors Need NOW to Be Future-Ready | 4.1.22

Going Concern

Elaborating on the reason for its auditor’s resignation, the software and platform provider said in a bourse filing: “We could not reach a consensus on the proposed increase of the audit fees covering the financial statements for the 18 months ending June 30, 2022 of the company and some of its subsidiaries.”.

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Friday Footnotes: EY Can’t Hire Tech; John Doe Sues the PCAOB; Auditors Can’t Find Torpedoes and Missiles | 1.20.03

Going Concern

Practice Management How firms use stay interviews to boost retention [ Journal of Accountancy ] Job interviews have long been an essential part of the hiring process. But now, some public accounting firms are turning the lens on themselves. NJ Accountant Pleads Guilty in $1.3 As alleged, from Jan.

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Friday Footnotes: Ex-CPA Leaves Clients in the Lurch Before Tax Day; EY Layoffs; More ERC Concerns | 4.12.24

Going Concern

Williams made the following statement today at a virtual press conference: Since 2021, the PCAOB has sanctioned nine registered firms for exam cheating. Accounting jobs are in high demand—many pay over $100,000 and can be done from home [ CNBC ] Didn’t they write this same article a few months ago?

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Friday Footnotes: For the Last Time, Salaries Are Too Low; NOCLAR Is Back; Big 4 Beat Up Again | 3.1.24

Going Concern

Last year, the median salary for full-time entry-level accounting jobs was roughly $62,500, up from about $50,000 in 2020, according to Handshake data. The median pay advertised for entry-level management consulting and financial analyst roles, by contrast, was $70,000 and $75,000, respectively.

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Guide to accountant responsibilities

ThomsonReuters

Additionally, depending on the type of firm, accountants may be involved in more advisory-centric responsibilities, such as analyzing financial data and providing clients with strategic guidance and recommendations on how to reduce costs and boost profitability. Accountant vs. CPA vs. tax preparer: What are the differences?

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