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.

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Going Concern

FEBRUARY 9, 2024

However, the professional services firm refused, after claiming the report contained privileged and confidential information. You gotta pay the piper,” Romeo Razi, a certified public accountant based in Las Vegas, tells CNBC Make It. accounting software? “Win big? Law & Order BDO, Workers Strike $2.25

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CPA Practice

SEPTEMBER 26, 2023

Top 20 accounting firm Armanino, based in San Ramon, CA, said on Tuesday it is merging with Garden City, NY-based CPA and advisory firm Janover. Garden City will be Armanino’s second location in New York; the firm has had an office in New York City since 2021. Financial terms of the deal were not disclosed.

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Going Concern

MARCH 22, 2024

The decision was backed by a partner vote, following a first three years dominated by efforts to repair the firm’s reputation in the wake of a series of scandals. She made general manager at 29 with a CPA [ eFinancialCareers ] Many young professionals begin to eye managerial posts as they approach their 30s – but Shanny Lee (CPA, Aust.)

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Going Concern

NOVEMBER 2, 2022

From Is There Really a Shortage of Entry Level Accountants? 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. Up against the 2011 report, the 2021 report numbers look great.

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CPA Practice

JULY 25, 2023

Field of Study: Business Management and Organization Register Today Presented by Ryan Lazanis , CPA founded Xen Accounting, a 100% cloud-based accounting firm, in 2013. Since 2019, he has hosted the weekly “The Unique CPA” podcast, which ranks among the world’s 5% most popular programs (Source: Listen Score).

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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.

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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.

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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.

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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. It makes a CPA firm’s offering more robust and valuable to its clients.

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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.

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Going Concern

JUNE 15, 2023

That was the year I started working in CPA review, Going Concern was founded two years later. Note that ‘XYZ’ was a placeholder, they were apparently in such a rush to create this CPA-killing credential they couldn’t come up with a name. The article is “The Crisis in Accounting Education” by Alexander L.

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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.

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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?

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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. medical services (dental, orthopedic, ophthalmology, etc.)

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CPA Practice

OCTOBER 20, 2023

AICPA News is a round-up of recent announcements from the American Institute of Certified Public Accountants. Mr. Kess dedicated decades of services to the CPA profession, going above and beyond to raise the bar for CPAs who provide personal financial planning services.

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CPA Practice

OCTOBER 19, 2023

AICPA News is a round-up of recent announcements from the American Institute of Certified Public Accountants. Mr. Kess dedicated decades of services to the CPA profession, going above and beyond to raise the bar for CPAs who provide personal financial planning services.

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Going Concern

NOVEMBER 11, 2022

The next generation of accountants and auditors is in demand, but Ben Lansford, an accounting professor and director of the Master of Accounting program at the Jones Graduate School of Business at Rice University explained why some are hesitant. Accounting is difficult,” he says. PLC has joined with REDW effective Oct.

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Going Concern

JUNE 23, 2023

Talent How Can the Accounting Profession Attract a Diverse Generation Z? [ 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. 31 is still not finished. .”

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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. Department of Homeland Security’s STEM Designated Degree Program List.

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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. In the past few decades, public accounting firms have implemented work-life balance practices as part of their attempts to curb excessive turnover.

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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.

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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.

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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.

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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 ].

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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.”

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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.

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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.

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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.

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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. million over their lifetime, compared with $1.6

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