Going Concern

SEPTEMBER 1, 2022

It wasn’t until 2015 that a woman became CEO of a Big 4 accounting firm for the first time. 65% of new graduate new hires hired into accounting/finance functions of U.S. CPA firms are white. This next reader bangs the same old drum: the pay sucks and the work sucks.

cpas 98

cpas cma Real Estate accounting and finance 98

Going Concern

JANUARY 8, 2024

The headline is a bit disappointing however the article is not: Tax prep fees are rising because accounting is not a ‘cool’ career American taxpayers had to pay at least 20% more on average to get their taxes done last year — and accountants aren’t thrilled about it either. Tax pros also bumped repeat clients’ fees to $205, a 22.7%

Tax 104

Tax Account accountant accounted 104

Going Concern

APRIL 20, 2023

In November Financial Times wrote a quick little story about accounting firms eyeing private equity deals , a topic that first gained visibility when TowerBrook Capital Partners purchased an ownership stake in EisnerAmper way back in 2021. But I wouldn’t stop there.

accounting firms 106

accounting firms cpa firm public accounting CPA 106

Going Concern

OCTOBER 20, 2023

PKF Mueller Joins Cherry Bekaert to Expand Chicago Market Reach [ PR Newswire ] Cherry Bekaert is pleased to announce the completion of an acquisition transaction with PKF Mueller, a full-service certified public accounting and business advisory firm located in the metropolitan Chicago area. This move, effective Nov.

CPA 109

CPA quickbooks auditor Real Estate 109

CPA Practice

AUGUST 9, 2023

This gender disparity is reflected in the accounting industry, with the AICPA 2021 Trends Report revealing that women make up just 39% of partners at CPA firms in the country. To close this gender gap, firms must strive to bolster their retention efforts.

accounting and finance 98

accounting and finance cpa firm Healthcare public accounting 98

Going Concern

NOVEMBER 2, 2022

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.

Account 125

Account accountant accounted accounting degree 125

CPA Practice

AUGUST 3, 2023

This gender disparity is reflected in the accounting industry, with the AICPA 2021 Trends Report revealing that women make up just 39% of partners at CPA firms in the country. To close this gender gap, firms must strive to bolster their retention efforts.

accounting and finance 78

accounting and finance cpa firm Healthcare public accounting 78

Withum

APRIL 15, 2022

In the midst of 2021, in a year where healthcare providers experienced significant staffing shortages and were at or near capacity limits for substantial stretches, the healthcare industry experienced the largest number of reported security breaches and exposed the largest number of Protected Health Information (PHI) records. Contact Us.

Healthcare 80

Healthcare audit cpa firm CPA 80

Going Concern

MARCH 22, 2024

” Complying with the Corporate Transparency Act [ CPA Journal ] By now, CPAs should be aware of the Corporate Transparency Act (CTA), passed in 2021 and effective January 1, 2024. But until a deferral is confirmed, CPAs must consider which role they will serve for clients required to file when the CTA becomes effective.

Minnesota 109

Minnesota cpas audit CPA 109

CPA Practice

MAY 12, 2023

accounting profession is facing a much-discussed conundrum. Approximately 300,000 professionals left public accounting in 2021 and 2022 and fewer college students are choosing to pursue accounting as a career.

bookkeeping 98

bookkeeping accounting firms CPA accounting and finance 98

Going Concern

APRIL 20, 2022

As I snarkily mentioned last week , the AICPA has finally released its much-anticipated 2021 Trends in the Supply of Accounting Graduates and the Demand for Public Accounting Recruits (or Trends , for short) report [PDF here ], a behemoth data dump of accounting industry stats first released in 1971 and released every two years since 2009.

Account 52

Account accountant accounted CPA 52

CPA Practice

JULY 25, 2023

You can find articles from Randy in Accounting Today’s Voices column, the AICPA Tax Adviser, CPA Trendlines, Intuit Accountants and he is a regular presenter at conferences and training events hosted by national accounting associations, state CPA societies and other industry associations.

Account 52

Account accountant accounted Indiana 52

Going Concern

JUNE 15, 2023

From the JofA piece: One of the early warning signs that major changes in accounting education were needed came when major CPA firms reengineered themselves as “professional services” rather than “public accounting” firms. OH MY GOD this could have been written in 2022.

Account 57

Account accountant accounted Education 57

Cherry Bekaert

FEBRUARY 2, 2024

However, for the first time since 2021, the aggregate deal value dipped below the 2019 pre-pandemic high water mark. At 13.5x, 2021 was the peak year for middle-market private company valuations, but today that number is trending closer to the historical average of 11.4x.

accounting and finance 83

accounting and finance California cpa firm CPA 83

Going Concern

OCTOBER 21, 2022

The risk proved successful and helped Deloitte improve its operations even as it contributed to earning Abrash recognition as one of the American Institute of Certified Public Accountants’ 2022 Most Powerful Women in Accounting. Accounting Firm Mergers. EisnerAmper Merges in Maryland Firm.

audit 80

audit CPA accounting firms accounting and finance 80

Going Concern

NOVEMBER 11, 2022

and 2.3%, respectively, in 2021, according to the Financial Education & Research Foundation’s Public Company Audit Fee Study. About half of the financial executives surveyed said 2021 audits required greater effort to support than those in 2020. Lorilyn Wilson, CPA (@LorilynWilson) November 10, 2022.

audit 98

audit auditor Louisiana cpas 98

Going Concern

SEPTEMBER 29, 2023

And CPAs in this space know what that means in terms of legal exposure. Rapid growth is great news for accounting firms. But when it takes place in situations of significant information asymmetry between companies and investors, CPA firms should beware. appeared first on Going Concern.

auditor 109

auditor audit New York CPA 109

Going Concern

JUNE 23, 2023

Office Hours: CPA Firms Shift Toward More In-Person Collaboration and More Square Footage [ INSIDE Public Accounting ] Three years after accounting professionals were forced home by COVID and then back to the office, at least part of the time, firms are beginning to settle into a new normal.

cpa firm 104

cpa firm CPA auditor North Carolina 104

CPA Practice

OCTOBER 20, 2023

AICPA News is a round-up of recent announcements from the American Institute of Certified Public Accountants. The profession believes that accountants who are reflective and inclusive of the communities they serve are better positioned to solve complex issues facing clients and respond to the evolving public interest.

cpas 52

cpas CPA Education audit 52

CPA Practice

OCTOBER 19, 2023

AICPA News is a round-up of recent announcements from the American Institute of Certified Public Accountants. The profession believes that accountants who are reflective and inclusive of the communities they serve are better positioned to solve complex issues facing clients and respond to the evolving public interest.

cpas 52

cpas CPA Education audit 52

KROST

MAY 24, 2022

The SECURE Act, which became effective on January 1, 2021, changed the rules for inherited IRAs. Please contact us if you have any questions regarding Inherited Individual Retirement Accounts. Download How To Treat Inherited Individual Retirement Accounts. Kimberly Hoang, CPA , Manager. About the Author.

Account 52

Account accountant accounted tax planning 52

CPA Practice

MARCH 15, 2024

Hosts Randy Johnston and Brian Tankersley, CPA, talk about the most productive and cost-efficient ways to use Microsoft 365 in public accounting firms. And it finally started to work in about 2019, or 2021, somewhere in that range. And of course, the E three plan has been real common in CPA firms at $23.

Technology 59

Technology Account accountant accounted 59

Withum

JANUARY 30, 2024

The study also revealed a correlation between the number of employee benefit plan audits performed by a CPA firm and the quality of the audit work. Planning Opportunity for Plan Sponsors Employee benefit plan sponsors should review the findings from the DOL study and evaluate the qualifications and experience of the plan’s audit firm.

audit 52

audit cpa firm CPA public accounting 52

Going Concern

MARCH 1, 2024

Accountant Shortage There are 340,000 Fewer Accountants, and Companies Are Paying the Price [ Bloomberg ] Aspiring accountants essentially need five years of college to earn a Certified Public Accountant license. Audit Deficiencies by Accounting Giants Grew in Latest Inspections, U.S.

audit 109

audit Nebraska auditor chartered accountant 109

Going Concern

JANUARY 26, 2024

This comes after KPMG, which was hired by the organization in 2021 to review its compliance with agreements for three federal grants, found that documentation was lacking. Pride “encountered challenges in locating supporting documents for certain expenditures spanning the years 2017 to 2021,” Modeste said in the statement.

Account 117

Account accountant accounted audit 117

Going Concern

AUGUST 22, 2022

Though some progress has been made in recent years, women continue to be suspiciously absent at the highest levels of public accounting. This fact has been amplified by new research published in Journal of Accounting and Public Policy. Concerning new graduate new hires hired into accounting/finance functions at U.S.

audit 52

audit public accounting accounting and finance Florida 52

CPA Practice

FEBRUARY 6, 2024

AICPA Shares Plan to Strengthen Accounting Pipeline According to the American Institute of CPAs ‘ 2023 Trends Report, bachelor’s degree completions in accounting dropped 7.8% from 2021 to 2022 after a steady decline of 1%–3% per year since 2015–16.

cpas 59

cpas CPA accounting careers Education 59

Going Concern

FEBRUARY 16, 2024

The Conflict Surrounding Work-Life Balance in Public Accounting Firms [ CPA Journal ] For years, the public accounting sector has been characterized by high employee turnover. public accounting firms, however, turnover has continued to increase.

Real Estate 104

Real Estate Iowa audit CPA 104

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.

public accounting 119

public accounting Account accountant accounted 119

Going Concern

APRIL 8, 2022

CPA firms show progress in diversity amid pipeline challenges [ Journal of Accountancy ] The AICPA finally got around to releasing their 2021 Trends report, which we’ll dissect shortly. in 2020) in the portion of new accounting graduate hires at CPA firms who are ethnically diverse.

Iowa 52

Iowa auditor cpa firm CPA 52

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. What the MICPA is doing is to raise awareness of what the certified public accountant profession is.

CPA 97

CPA Florida auditor audit 97

Going Concern

JANUARY 13, 2023

Paul Munter Named Chief Accountant [ SEC ]. The Securities and Exchange Commission today announced that Paul Munter has been appointed Chief Accountant. He has served as Acting Chief Accountant since January 2021. Are midcareer CPAs happy in your firm? Accounting Today Opinion ].

audit 104

audit Account accountant accounted 104

Going Concern

MARCH 10, 2023

And I oop– It’s true (Part II, Item 8 “Report of Independent Registered Public Accounting Firm”). Firm Watch RubinBrown acquires third business advisory firm since mid-2021 [ St. Big 4 The original post was deleted and disappeared just before press time.

Tax 109

Tax auditor audit accounting and finance 109

Going Concern

JUNE 6, 2023

.” About a year ago, Journal of Accountancy said the legal landscape for non-compete agreements has shifted and CPA firms should confer with counsel on their legitimacy. Static and far-reaching non-competes are basically not enforceable and therefore pointless, much like everything else in public accounting.

North Dakota 97

North Dakota Oklahoma cpa firm California 97

Going Concern

DECEMBER 2, 2022

Why People Leave Public Accounting [ CPA Journal ]. Writes Edward Mendlowitz, CPA/PFS, ABV: There are many reasons why CPAs decide to leave public accounting firms. The following is a discussion of what I have found to be the most common reasons why people leave public accounting.

public accounting 98

public accounting audit Account accountant 98

Going Concern

JULY 27, 2023

America First Legal, the nonprofit group founded in 2021 by President Trump’s senior advisor Stephen Miller, has sent a strongly worded letter addressed to Tim Ryan accusing his firm of “unlawfully discriminating based on race, color, national origin, religion, and sex in its hiring, promotion, training, and procurement decisions.”

CPA 52

CPA cpas Legal Alaska 52

Going Concern

MARCH 15, 2024

State CPA institute says proposed rule change would put audit professionals at risk [ Central Penn Business Journal ] A new proposal by the Public Company Accounting Oversight Board (PCAOB) has the Pennsylvania Institute of Certified Public Accountants up in arms.

auditor 113

auditor audit cpas Iowa 113