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. —

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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.

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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%

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Going Concern

AUGUST 23, 2023

Reports The Guardian : More than 1,000 partners at the UK division of the “big four” accounting firm PwC will be paid £906,000 this year, a slight fall on last year’s record payout as profits fell despite rising revenues. Sadly for them they won’t be cruising right past a million this year.

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CPA Practice

MARCH 13, 2024

The rationale at the time for doing this was to try to elevate the accounting profession to be like those of the learned professions, such as a medical doctor and lawyers. In addition, that extra year of college has no requirement that it be in accounting classes. We have the power to change this.

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Going Concern

MAY 20, 2022

Boring No More: Accountants, Auditors See Themselves as Creative, Curious and Adventurous, Study Shows [ PR Newswire ] Creative, curious and adventurous may not be traits normally associated with accountants and auditors, but a recent study shows that’s just how a growing number of industry professionals see themselves.

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Going Concern

DECEMBER 15, 2023

.” Then came several hundred words about Sarbanes-Oxley (“A central goal of the Sarbanes-Oxley Act was to restore trust in our financial system by providing external regulation of auditors”) before he got to the point: The PCAOB budget request is $385 million, up from the 2023 budget of $350 million.

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Going Concern

JANUARY 2, 2023

While the PCAOB has been on a mission to scare the pants off of auditors everywhere in the past year with record fines and scary speeches, the Financial Accounting Standards Board took a much more chill approach to 2022. The FASB’s record breaking year for the past two decades took place in 2010 with 29 new standards issued.

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Going Concern

NOVEMBER 23, 2022

18], the Public Company Accounting Oversight Board approved its fiscal year 2023 budget and 2022-2026 strategic plan. […]. This budget provides for an increase in staff in our Office of the Chief Auditor to assist in the execution of our ambitious standard-setting agenda. The PCAOB does too.

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Going Concern

APRIL 8, 2022

CPA firms show progress in diversity amid pipeline challenges [ Journal of Accountancy ] The AICPA finally got around to releasing their 2021 Trends report, which we’ll dissect shortly. in 2020) in the portion of new accounting graduate hires at CPA firms who are ethnically diverse. in 2018 to 34.7% in 2018 to 34.7% Tom Vilsack.

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Going Concern

OCTOBER 6, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. At one point, Trump attorney Clifford Robert asked Bender to speak into the microphone and the accountant replied: “I am as close as I can be without kissing it.” Within weeks of Maximus’ Sept.

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