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Friday Footnotes: Why People Leave Public Accounting; Audit Workloads Up; Terrorist Clients (Literally) | 12.2.22

Going Concern

Based on my experience, I believe some of these reasons are personal and individual, but far too many of these reasons are caused by CPA firms’ leadership and can be avoided or mitigated. Audit committee disclosures increase, right along with workload [ Journal of Accountancy ]. The same thing year after year, you say?

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Friday Footnotes: Work-Life Balance, Does It Work?; Big 4 Firms Slash Job Postings; She Doesn’t Even Go Here! | 2.16.24

Going Concern

public accounting firms, however, turnover has continued to increase. The author’s research found that conflict surrounding work-life balance practices, and perceptions of unfair treatment with regard to their application within a CPA firm, were directly correlated to employee turnover intentions.

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Bonadio Group to Add Dallas Firm Howard LLP

CPA Practice

The Bonadio Group, a top 50 accounting firm based in Pittsford, NY, is merging in a top 400 CPA firm—Dallas-based Howard LLP. Pike started working at Howard in 2004 and has served as the firm’s CEO since 2021. The deal is expected to close on Nov. Pike will succeed Jeff Wexler as Dallas regional managing partner.

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Grassi Transitions to ESOP, Alternative Practice Structure

CPA Practice

New York-based CPA firm Grassi announced on Thursday it has established an employee stock ownership plan (ESOP) for its more than 450 employees. In addition, the top 60 accounting firm said it is shifting to an alternative practice structure “ensuring the firm’s independence and strength.”

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Grassi Transitions to ESOP, Alternative Practice Structure

CPA Practice

New York-based CPA firm Grassi announced on Thursday it has established an employee stock ownership plan (ESOP) for its more than 450 employees. In addition, the top 60 accounting firm said it is shifting to an alternative practice structure “ensuring the firm’s independence and strength.”

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Friday Footnotes: Working Late; The Year of the ESOP?; It’s Not Layoffs, It’s “Repositioning” | 1.5.24

Going Concern

He obtained his CPA certification in 1987 and then returned to Smithville to work with Ed Fuqua at his local CPA firm. As CPA firms respond to increased demand for advisory services, shrinking talent pools, baby-boomer retirements and economic challenges, succession plans will continue to be accelerated.

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What Private Equity Means for Accounting Firms: Thought Leaders Explore Pros and Cons

CPA Practice

They often focus their efforts to maximize the eventual sales value of the acquired business via a combination of targeted acquisitions of other firms, capital investments, expansion into profitable niches, waste reduction, tech adaptation, streamlining and other measures. Do they flip to venture capital, or to another CPA firm?