Accounting Today

JANUARY 9, 2024

The Institute of Internal Auditors issued a newly updated set of Global Internal Audit Standards, taking effect in January 2025.

audit 73

audit auditor Account accountant 73

Going Concern

SEPTEMBER 22, 2023

Here we are again talking about the accountant shortage. Mark Maurer at Wall Street Journal wrote today about a young man named Omer Khokhar who realized after six years in accounting that he was done. The article title: “Job Security Isn’t Enough to Keep Many Accountants From Quitting.” ” Ruh-oh.

Account 113

Account accountant accounted CPA 113

Going Concern

MARCH 15, 2024

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. Accounting giant renews lease in downtown S.F. —

auditor 107

auditor audit cpas Iowa 107

CPA Practice

SEPTEMBER 28, 2023

The American Institute of CPAs has released a new practice aid to help accounting professionals create a system of quality management (QM) for their firm’s accounting and auditing practice. Establishing such a system is a requirement of new AICPA QM standards, and the effective date for compliance is December 15, 2025.

audit 52

audit Account accountant accounted 52

Going Concern

MAY 26, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Although the public health emergency is over, taxpayers can continue to apply for the tax credit until 2025. Have a safe Memorial Day. Big four consultancies win $1.4 million over a decade.

public accounting 84

public accounting Account accountant accounted 84

Going Concern

APRIL 1, 2024

Business Insider wrote about the accountant shortage, specifically Tupperware griping in regulatory filings that it can’t find enough people (again): The accountant shortage is so bad that companies are delaying filing key mandatory reports. A lot of this work that we’re doing is, I’d call it forensic accounting,” Cipriano said.

Account 102

Account accountant accounted audit 102

CPA Practice

MAY 25, 2023

AuditClub, the Audit Service Center and creator of the auditors-as-a-service model, has announced new solutions to help accounting firms succeed in navigating and implementing the AICPA’s new quality management standards. That said, it is a journey, so we encourage firms to engage with us now to be ready for the 2025 deadline.”

auditor 52

auditor audit cpa firm CPA 52

Going Concern

APRIL 19, 2024

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. The Big Four accounting firm is considering adding about 85 U.S.

cpas 88

cpas accounting firms Account accountant 88

Going Concern

JANUARY 12, 2024

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. And take our 2024 Predictions for the Accounting Profession survey ! Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default.

audit 95

audit auditor Illinois CPA 95

Going Concern

DECEMBER 22, 2023

Barring any huge incident like an accounting firm getting raided by the FBI on Christmas Day, there will not be any breaking news. Talent The Race Is On to Hire Interns for 2025. One key reason: PwC is trying to compete for top talent amid a dwindling number of accounting majors. Don’t hesitate to reach out. and Mexico.

auditor 104

auditor audit accounting firms accounting and finance 104

Going Concern

MAY 24, 2024

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. ICYMI: Here are the five most-read posts on Going Concern this week.

audit 69

audit auditor accounting and finance accounting firms 69

CPA Practice

OCTOBER 4, 2023

The Public Company Accounting Oversight Board (PCAOB) has seen its first standard-setting project with Erica Williams at the helm through from start to finish, as the regulator last month approved an updated auditing standard on confirmations. Today, business is largely conducted online.

auditor 59

auditor audit financial statements Start-ups 59

Going Concern

APRIL 21, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. But that might be the least of it: The outlook for EY’s business of charging for advice and accounting is getting weaker in the U.S. A failed breakup attempt cost the company $600 million.

Account 102

Account accountant accounted audit 102

ThomsonReuters

JANUARY 20, 2023

These ‘soft skills’ such as critical thinking, communication, and interpersonal relationships are now more weighted in the audit profession, and they are essential for rounding out the technical skills a nd creating more than an auditor, but a business advisor.

audit 59

audit auditor Technology CPA 59

Going Concern

SEPTEMBER 13, 2023

The accounting firm has begun to tell clients it will stop offering them some advisory services, even though they are permitted under US rules, as part of a wider revamp of its audit work. Services that are core to accountants’ skill sets will still be provided to audit clients, PwC said.

audit 57

audit auditor accounting firms Legal 57

CPA Practice

MAY 2, 2023

By Paula Laurenti, Key Accounts Manager at SAPRO. accounting profession is facing a severe shortage of certified accountants. Projections indicate that demand for accountants and auditors will increase by 13% between 2021 and 2031, with an estimated 136,400 job openings between 2021 and 2023. pre-pandemic to 62.1%

cpas 69

cpas auditor accounting firms accounting and finance 69

Going Concern

MARCH 22, 2024

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. Look no further, Accountingfly’s top remote accounting candidates of the week are here.

Minnesota 92

Minnesota cpas audit CPA 92

CPA Practice

NOVEMBER 9, 2023

Thomson Reuters, a global content and technology company, has added several updates to its suite of tax, accounting and audit products, it announced at its annual customer event, SYNERGY. We’re also unveiling enhancements that will support auditors with automated detection of anomalies in audits,” van Rijn continued.

Technology 52

Technology tax preparation corporation tax auditor 52

Withum

SEPTEMBER 7, 2023

Auditors and Accountants will finally have clear guidance on the treatment of digital assets. The Financial Accounting Standards Board (“FASB”) approved an Accounting Standards Update (“ASU”) that was initially released by the FASB as a draft in March 2023 in relation to Digital Assets.

accounting standards 52

accounting standards auditor CPA financial accounting 52

Going Concern

AUGUST 4, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Practice How one small firm drastically cut its busy-season hours [ Journal of Accountancy podcast ] Johanna Sweaney Salt, CPA, CGMA, used to work 100 hours a week during busy season.

cpa firm 93

cpa firm CPA accounting firms accounting and finance 93

Accounting Insight

NOVEMBER 4, 2022

We’re set to see 85 million jobs worldwide displaced by automation by 2025, according to the World Economic Forum. Automation in accounting means using software to handle the kind of routine tasks that no longer need to be dumped on the desk of an overworked human. What you need to know about choosing accounting software.

Finance 80

Finance accounting and finance accounting software auditor 80