Remove 2021 Remove public accounting Remove tax services
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The Accounting Talent Shortage is Not New, You Guys

Going Concern

There should be tons of accounting grads drooling for jobs right now and plenty of jobs to go around, no? Up against the 2011 report, the 2021 report numbers look great. Demand is especially strong for audit and tax professionals. OK ready for the prophetic bit? This is a decrease of 2.8% This is a decrease of 2.8%

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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

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. 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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PCAOB Has Handed Out a Slew of Punishments to Audit Firms Recently

CPA Practice

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.

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Monday Morning Accounting News Brief: ‘Auditors Are Not Lawyers’; Big 4 Break Up? | 7.31.23

Going Concern

Specifically, three firms 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) PCAOB Rule 3524, Audit Committee Pre-Approval of Certain Tax Services.

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5 Good Practices For Auditor Independence, According to the PCAOB

CPA Practice

During its inspections of public accounting firms’ audits of issuers from 2021 to 2023, the Public Company Accounting Oversight Board (PCAOB) saw a year-over-year increase in the number of comment forms related to auditor independence problems, the audit regulator said in a staff report released on Sept.

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How Stage 1 Financial Taps Automation to Help Startups Wrangle Tax Complexity

CPA Practice

To help manage these processes, they often turn to a certified public accountant, a technology they can use in-house, or both. When Rivers joined the firm in 2021, just a few clients were using Avalara, but within a few months he saw the potential that Avalara’s automation could have for almost all of their clients.

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Private Equity 2023 Year-in-Review and 2024 Outlook: Clearer Skies Emerge for Private Equity Amidst Challenges

Cherry Bekaert

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.