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State CPA Society News & Updates – June 2023

CPA Practice

State CPA Society News & Updates is a round-up of recent announcements and initiatives by CPA associations in the United States and its territories. It features career-development workshops and sessions with some of the accounting profession’s most prominent influencers.

CPA 113
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New Jersey CPAs Visit 65 High Schools to Discuss Accounting Careers

CPA Practice

Members of the New Jersey Society of Certified Public Accountants (NJCPA) visited 65 high schools in the state during the fall of 2023 to inform students about the benefits of having a successful career in accounting and how to become a certified public accountant (CPA).

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New Jersey CPAs Visit 65 High Schools to Discuss Accounting Careers

CPA Practice

Members of the New Jersey Society of Certified Public Accountants (NJCPA) visited 65 high schools in the state during the fall of 2023 to inform students about the benefits of having a successful career in accounting and how to become a certified public accountant (CPA).

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3 reasons for the accountant shortage (and how CPA firms can attract candidates in 2023)

Accounting Insight

Several factors contribute to the shortage, like mid-career CPAs changing professions, or early retirements spurred by the pandemic. But why has the accounting profession become so unattractive? We’ve gathered three reasons for the shortage of accountants, as well as solutions for CPA firms to consider.

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Friday Footnotes: CPA Exam Scares Accounting Majors Away; EY Loses Fees in China | 5.12.23

Going Concern

Talent Why Graduates Aren’t Hot on Accounting Careers: Low Starting Pay, Onerous Testing [ Wall Street Journal ] For Connor Verrett, an economics major and entrepreneurship minor at Washington & Lee University who expects to graduate this month, that roadblock was among the factors he considered in eschewing an accounting career. “It

CPA 109
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EY to Invest $1 Billion in Effort to Attract New Accountants

CPA Practice

The firm said it will increase early career compensation as part of a total rewards package “that recognizes the value of a certified public accountant career path,” EY said. However, the firm didn’t specify how much more it will pay its entry-level accountants. The median U.S.

Account 75
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We Asked Twitter What’s the Second Most Important Issue in the Accounting Profession Right Now, Here’s What They Said

Going Concern

Going Concern (@going_concern) February 20, 2023 Let’s begin with my favorite response of the bunch: Ignoring the talent shortage — Kendall Collier (@KendallCollier) February 20, 2023 Really though. We suspect that were accounting firms to raise salaries in a significant way, talent would follow. There are no people.