Going Concern

JANUARY 20, 2023

“There’s a war for talent,” said Phil Whitman, CPA, CEO and president of Whitman Transition Advisors LLC, a consultancy that provides recruiting, M&A advising, and other services for accounting firms. The HSBC audit is by a distance the most expensive on the London Stock Exchange ahead of those at Barclays and Shell.

auditor 94

auditor Technology audit financial statements 94

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. CPA at UHY Group Mark Welsh tells 47ABC that recruiting slowing down has meant firms are turning to AI, Bots, and international workers to help fill demand, raising prices as much as ten percent for end-users. Welsh said.

CPA 100

CPA quickbooks Real Estate auditor 100

Going Concern

JUNE 23, 2023

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. Expect 2023 enforcement against auditors to focus on quality control, culture, ethics and integrity. My concern is that it goes beyond KPMG.”

cpa firm 99

cpa firm CPA auditor North Carolina 99

Going Concern

MARCH 24, 2023

Reminder: you have until April 17 to weigh in on a proposal to extend the CPA exam window Practice Is it time for firms to transform their business model? Auditors have done so too. Auditors Are Demanding Concessions in Split [ Wall Street Journal ] Ernst & Young’s renegade U.S.

auditor 96

auditor audit Entertainment Real Estate 96

Going Concern

APRIL 7, 2023

Big Four Auditors and Consultants Need Liability—And a Divorce [ Bloomberg Tax ] Part of the problem is the revolving door of personnel between the major accounting firms and the banks they purport to audit. Last month, audit firm BDO issued a so-called qualified opinion for Revolut’s 2021 accounts. Flexibility is your policy.

auditor 100

auditor chartered accountant audit accounting and finance 100

Going Concern

MAY 20, 2024

Illinois CPA Society has issued a new pipeline report: Re-Decoding the Decline. The findings provide invaluable insights the CPA profession and its stakeholders cannot ignore while trying to counter the persistent decline in the number of individuals pursuing the CPA credential. Can someone send us those slides ?

audit 95

audit auditor Account accountant 95

Going Concern

JULY 31, 2023

The PCAOB’s new rules would widen auditors’ responsibility to scrutinise whether a company is complying with laws and regulations, and to communicate more of their concerns to a company’s board of directors. and Congressman Jason Smith, R-Mo., ’ It doesn’t exist anymore,” Schweikert told The Center Square.

auditor 92

auditor Account accountant accounted 92

Going Concern

MAY 5, 2022

Here’s a 2015 AICPA article that sort of cosigns my foggy recollection : The profession’s focus on the CPA pipeline has long been a priority. That will continue, with new approaches to attracting, engaging and inspiring the future generation of CPAs. Aaaand the same chart from 2021 [full report can be downloaded here ].

auditor 52

auditor audit cpas CPA 52

Going Concern

MAY 12, 2023

According to Accountancy Age’s latest 50+50 report, in 2022, the average staff attrition rate rose to 17.89% across the sector, compared to 14.69% in 2021. Fired: job search or CPA exam? The post Friday Footnotes: CPA Exam Scares Accounting Majors Away; EY Loses Fees in China | 5.12.23 The accountancy sector is no exception.

CPA 108

CPA Account accountant accounted 108

TaxConnex

FEBRUARY 27, 2024

million accountants and auditors in the U.S. More than 300,000 accountants quit their jobs between 2019 and 2021, data show.” Are they experienced with auditors? “There were about 1.65 in 2022, up 1.3% from the previous year but down 2.6% from 2020 and down 15.9% What’s their customer service?

Sales 219

Sales Tax Account accountant 219

Going Concern

DECEMBER 9, 2022

The merger will become effective January 1, 2023, as teammates in the firm’s downtown office on Orange Avenue join their colleagues at the office the firm opened in Orlando’s Lee Vista office park in 2021. Britain’s biggest companies and their auditors are playing a £10bn game of musical chairs.

CPA 84

CPA Florida auditor audit 84

Going Concern

JANUARY 6, 2023

2024 CPA Exam Blueprints released [ Journal of Accountancy ]. Money Diary: A Senior External Auditor On 54k [ Refinery29 ]. “I’m 27 years old and currently working as a senior external auditor at an accounting firm in London. I’m an immigrant and I moved to the UK in 2021. ” Employment.

cpa firm 52

cpa firm CPA New Hampshire Ohio 52

Going Concern

MARCH 15, 2024

The NYT report’s focus was that private auditors from large firms failed and consistently missed child labor law violations. Auditors moved quickly and left before children arrived for overnight shifts, or they were not sent where minors worked.

auditor 107

auditor audit cpas Iowa 107

CPA Practice

MAY 23, 2024

Carla McCall, CPA, CGMA, Managing Partner of AAFCPAs , is the new Chair of the American Institute of CPAs (AICPA). Separately, Barry Melancon, CPA, CGMA, recently announced his upcoming resignation from the positions of president and CEO of the AICPA, which he has held for nearly 30 years.

CPA 59

CPA accounting and finance cpas Massachusetts 59

Going Concern

JANUARY 12, 2024

Long Reads How Auditor Deloitte Missed A Nigerian Company’s Massive Fraud [ Forbes ] Hindenburg Research, known for sniffing out corporate scams, took aim in June at an obscure Nigeria-based outfit named Tingo Group. These issues were apparently not glaring enough for the company’s auditor, however.” in 2021/22. Tingo paid $1.6

audit 95

audit auditor Illinois CPA 95

Going Concern

NOVEMBER 24, 2023

EY moved to a hybrid work policy in 2021 “with the expectation that most of its people will normally spend at least two days a week working remotely”. Declining enrollments and decreased numbers of CPA candidates have presented formidable challenges for institutions of higher learning.

auditor 106

auditor audit tax return cpas 106

CPA Practice

AUGUST 15, 2023

Snodgrass —failed to obtain audit committee pre-approval in connection with providing audit and/or non-audit services to issuer audit clients, in violation of PCAOB Rule 3520, Auditor Independence , and for two of the three firms (BPM and Plante Moran) PCAOB Rule 3524, Audit Committee Pre-Approval of Certain Tax Services.

audit 98

audit auditor accounting firms cpas 98

Going Concern

APRIL 1, 2022

ARB’s auditor Messrs BDO voluntarily resigns after failure to reach agreement on proposed increase of audit fees [ The Edge ] Expect to see a lot of this going forward: ARB Bhd on Friday (April 1) announced its auditor Messrs BDO PLT (BDO) has voluntarily resigned. Andrea Carr CPA (@andreacpa0) March 31, 2022. is it over yet?

auditor 52

auditor accounting jobs accountant jobs accounts jobs 52

CPA Practice

APRIL 8, 2024

said in recent regulatory filings that it will keep BF Borgers, a Lakewood, Colorado-based accounting firm, as its auditor after starting to trade publicly late last month. A Canadian regulator said last year that BF Borgers violated its rules for auditors, while the U.S.’s Trump Media & Technology Group Corp.

audit 112

audit accounting firms auditor Account 112

CPA Practice

MAY 3, 2024

By Chris Morris, Fast Company (TNS) The auditor of Donald Trump’s Trump Media has been charged with “massive fraud” by the Securities and Exchange Commission (SEC), which says the company “undermined trust and confidence in our markets.” The company had also been approved as the auditor of the upcoming 2024 report.

audit 116

audit auditor accounting firms financial statements 116

CPA Practice

MARCH 11, 2024

Additionally, after sharp cuts due to the COVID pandemic in 2020 and 2021, significantly more internal audit functions are now increasing their budgets (36%) than are decreasing them (13%), according to the new survey of senior internal audit professionals. “In

audit 95

audit auditor CPA Government 95

Going Concern

SEPTEMBER 29, 2023

CPA Exam Friendly reminder, deadlines to apply for BEC before the new exam in 2024 are quickly approaching. CPA Exam Candidates: You Better Hurry Up and Apply For BEC Before It’s Gone Forever Also, WTF? CPA Exam Candidates: You Better Hurry Up and Apply For BEC Before It’s Gone Forever Also, WTF? Did Exam Costs go up?

auditor 99

auditor audit New York CPA 99

Going Concern

MARCH 1, 2024

For many 22- to 27-year-olds, known as Generation Z, their average student debt of more than $20,000 and the lure of higher-paying Wall Street and Silicon Valley firms means the time and effort required to become a CPA doesn’t pencil out. Audit Deficiencies by Accounting Giants Grew in Latest Inspections, U.S.

audit 103

audit Nebraska auditor chartered accountant 103

Going Concern

APRIL 5, 2024

CPA licensure program off to ‘promising’ start [ Journal of Accountancy ] 38 people huh? The Experience, Learn & Earn (ELE) program, a pilot program designed to help accounting graduates earn required academic credits for CPA licensure, has received early positive reviews. The 2021-22 audit was due to the state on Oct.

auditor 81

auditor audit Oklahoma CPA 81

Going Concern

APRIL 29, 2022

ICYMI | The CPA Evolution Project Realigns the Professional Certification and Challenges Accounting’s Viability as a Stand-alone Major [ The CPA Journal ] Accounting—at least as an independent field of study—is becoming obsolete in today’s technology- and analytics-focused world. Less work for EY auditors?

auditor 52

auditor audit Account accountant 52

Going Concern

MAY 6, 2024

Borgers with deliberate and systemic failures to comply with Public Company Accounting Oversight Board (PCAOB) standards in its audits and reviews incorporated in more than 1,500 SEC filings from January 2021 through June 2023. Last weekend’s weekend discussion: It’s Mental Health Awareness Month. We’re aware.

auditor 75

auditor audit Account accountant 75

Going Concern

JANUARY 29, 2024

NYSSCPA CEO Calvin Harris, CPA said in a column for CPA Journal : But the winds of change have long been upon us. This is part of why New York Governor Kathy Hochul’s recent signing of “non-CPA ownership” into law is such a big deal. More on the New York non-CPA ownership bill. Let’s read a little bit.

auditor 52

auditor cpa firm Account accountant 52

Going Concern

SEPTEMBER 1, 2022

Last week, we published a letter written to Fortune by a former CPA who pivoted to driving 18-wheelers and found far more career happiness than he ever would have in accounting (good for him). Accounting and being a CPA have been the worst personal decision and professional organization I’ve been a part since passing.

cpas 97

cpas cma Real Estate accounting and finance 97

CPA Practice

OCTOBER 10, 2023

This surge in demand for CPA services comes at a time when experienced public accountants are exploring alternative career options, and fewer graduates are entering the profession. Challenges in Public Accounting The public accounting sector faces unique challenges. However, today, it struggles to replace those who leave the profession.

Technology 106

Technology accounting firms Account accountant 106

Going Concern

DECEMBER 1, 2022

Perusing The CPA Journal as one does when one is tasked with the onerous burden of reporting on happenings in a profession in which so few things happen, I saw this discussion on CPA Evolution by Nina Terranova Dorata, PhD, CPA and Vincent J. Evaluating the CPA Evolution Initiative [ The CPA Journal ].

accounting degree 62

accounting degree Account accountant accounted 62

Going Concern

FEBRUARY 2, 2023

“Accountants and auditors are to business as those people in the black-and-white-striped shirts are to sports. But I believe the curriculum realignment anticipated by the CPA Evolution Project will only lead to an even faster decline in enrollments if accounting remains siloed as a stand-alone major.

Account 97

Account accountant accounted Sports 97

Going Concern

FEBRUARY 16, 2024

This is according to the Illinois CPA Society (ICPAS), which surveyed 449 employers and 433 accounting and finance employees last summer and released its results last month. According to a lobbyist for the Iowa Society of Certified Public Accountants, fewer CPA firms are willing to audit government agencies.

Real Estate 102

Real Estate Iowa audit CPA 102

Going Concern

SEPTEMBER 19, 2023

Panama) Frost, PLLC Harbourside CPA LLP (Canada) Keith K Zhen CPA Maggart & Associates, P.C Inc UHY LLP Warren Averett, LLC Zwick CPA, PLLC Expanded reports Baker Tilly US, LLP (12/21/2020 Report) Ernst & Young, S.L. Panama) Frost, PLLC Harbourside CPA LLP (Canada) Keith K Zhen CPA Maggart & Associates, P.C

audit 67

audit auditor CPA financial statements 67

ThomsonReuters

NOVEMBER 16, 2020

In looking forward to your 2021 audit planning, the peer review process is often met with many fears or uncertainties. 2021 audit planning: spotting common deficiencies. . For many auditors, the biggest concern is where the peer review process is heading and what is happening now. Fears as peer review season approaches.

audit 52

audit auditor CPA Maine 52

Going Concern

MARCH 10, 2023

KPMG has served as SVB auditor since 1994. Iowa state auditor slams bill that would limit state watchdog [ The Gazette ] Limits would be placed on what personal information the state taxpayers’ watchdog could demand during an audit under legislation being advanced by state lawmakers.

Tax 106

Tax auditor audit accounting and finance 106

CPA Practice

MAY 9, 2023

You may have heard that job openings in the United States dropped significantly in February, falling below 10 million for the first time since May 2021. But employers — including CPA firms — shouldn’t assume they can breathe any easier when it comes to retaining in-demand talent. So, accounting talent is, indeed, in limited supply.

Account 116

Account accountant accounted cpa firm 116

CPA Practice

MAY 14, 2024

The Public Company Accounting Oversight Board (PCAOB) has overhauled its decades-old quality control requirements for audit firms by adopting a new standard on May 13 designed to put the onus squarely on auditors and executives. Firms themselves have also changed significantly, as has the role of firm networks.

auditor 69

auditor audit accounting firms financial statements 69