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Are accounting firms keeping remote work positions?

ThomsonReuters

Many of today’s accounting professionals have a new perspective on when and how they want to work. Are firms heeding the call? The onset of the COVID-19 pandemic forced countless businesses, including accounting firms, to go remote essentially overnight due to mandated shutdowns and stay-at-home orders.

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Accounting Ranks First In Something Good For Once

Going Concern

If that pace continues, the sector stands to lose 195,728 jobs this year, which would be an improvement from last year’s 262,582 (compare this to the <8000 people laid off from Big 4 and mid-tier accounting firms in 2023 ). CNBC says: While the average mean salary for accountants in the U.S.

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The Accountant Shortage is a Material Weakness Now

Going Concern

Advance Auto Parts was late on its most recent 10-Q and said in a June 2 SEC filing “The “Company” is unable to complete the filing of its Quarterly Report on Form 10-Q for the quarter ended April 22, 2023 (the “Form 10-Q”) within the prescribed time frame without unreasonable effort or expense due to the circumstances described below.”

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The Search for Talent in Firms

CPA Practice

Nine out of 10 accountants in the United States report that they have struggled to hire good, quality job candidates in the past year, according to a new survey commissioned by Intuit QuickBooks. That’s an issue when 82% of accountants anticipate business growth in 2023.

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Friday Footnotes: Ex-CPA Leaves Clients in the Lurch Before Tax Day; EY Layoffs; More ERC Concerns | 4.12.24

Going Concern

We broke that record in 2023. This situation worsened in 2023,” says the report, which was tabled in council in March. Accounting jobs are in high demand—many pay over $100,000 and can be done from home [ CNBC ] Didn’t they write this same article a few months ago? We set a record in 2022.

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Forcing People Back Into the Office to Foster Mentoring Will Only Foster Resentment, Says Cringe Nicknamed Doctor

Going Concern

In the accounting industry, the enticement—and offerings—for remote work roll on. As of May 2023, there were more than 600 remote accounting jobs listed on the job board of talent solutions firm Robert Half. Among those professionals, 63% plan to go hybrid, with 47% interested in a fully remote position.

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Your Firm and Your AI Future

CPA Practice

As we enter 2024, it’s natural to wonder what the future holds for this transformative emerging technology, especially for accountants. AI can also reduce errors and improve efficiency, leading to cost savings for accounting firms. One of the most significant risks of AI in accounting is the potential for job displacement.