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State CPA Society News & Updates: Jan. 2024

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. The California Society of CPAs is hosting the Real Estate Virtual Conference on January 30, 2024.

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Friday Footnotes: Bob Moritz Disappoints Us; ERC Window Slamming Shut; 2024 Sucks For Firms? | 3.22.24

Going Concern

Day will join the FASB from Ernst & Young LLP (EY), the global accounting and professional services firm, where he is a partner working in Professional Practice. Mr. Day has spent most of his 38-year accounting career at EY, which he initially joined in 1986 on the audit staff in St. Louis, Missouri.

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AICPA News – Feb. 2024

CPA Practice

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% Meanwhile, 60% of firms surveyed reported that they expected to have the same or higher number of CPAs on staff in 2023 compared to 2022.

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New AICPA Chair Looks to Foster Innovation and Support Next Generation of Accounting Professionals

CPA Practice

Ramsey, CPA, CGMA, PMP, NACD.DC, Vice President, Sarbanes/Oxley for Kaiser Foundation Health Plan, Inc., and Kaiser Foundation Hospitals, is the new chair of the American Institute of CPAs (AICPA). Carla McCall, CPA, CGMA, managing partner of Alexander Aronson Finning CPAs, was voted in as the AICPA’s vice chair. “We

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AICPA Advisory Group Seeks Inclusivity on National Strategy to Address Accounting Talent Shortage

CPA Practice

Progress is being made on the creation of a national strategic plan to address the profession’s talent shortage, attendees of the American Institute of CPAs’ (AICPA) fall governing Council meeting were told. We’re in this together,” said Lexy Kessler, NPAG’s chair. All of us have a role; it’s not just one of us.

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AICPA Says it Has a Plan to Fix the CPA Talent Shortage

CPA Practice

But modest starting salaries , horrible work/life balance (especially in public accounting), and time-consuming and strict requirements to obtain CPA licensure have resulted in declining student interest in accounting careers—thus creating a talent shortage in the profession.

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New AICPA Chair Looks to Foster Innovation and Support Next Generation of Accounting Professionals

CPA Practice

Ramsey, CPA, CGMA, PMP, NACD.DC, Vice President, Sarbanes/Oxley for Kaiser Foundation Health Plan, Inc., and Kaiser Foundation Hospitals, is the new chair of the American Institute of CPAs (AICPA). He also urges the profession to evolve through lifelong learning, business model transformation, and the CPA Exam itself.

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