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Obvious Figure of the Day: 95% of Hiring Managers Are Having Trouble Finding Finance and Accounting Talent

Going Concern

For example, according to data from the BLS, the unemployment rate for accountants and auditors is 0.9%, and for financial clerks, it’s just 0.3%. Prior to this, BLS projected 10 percent growth (faster than average) for accountants and auditors for the period from 2016-2026.

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PwC UK Partners Will Not Be Celebrating Record-Breaking Million Dollar Payouts This Year

Going Concern

Group audit revenues recorded 19% growth, with the UK practice winning a number of high profile mandates, including becoming auditor to Natwest from 2026, and being reappointed by HSBC. Expanded reporting requirements have likewise increased client demand for the Group’s audit services.

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The PCAOB Sucks, the PCAOB Is Doing Great

Going Concern

.” 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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Tuesday Morning Accounting News Brief: EY and PwC Get a New Scandal; Stop Trying to Make Sexy Accountants Happen | 1.16.24

Going Concern

Accountants from EY and PwC are braced for questioning by the public inquiry into the Post Office scandal, which is expected to turn its attention to the embattled institution’s external auditors later this year. The ABS forecast that Australia would require 338,362 accountants by 2026 – almost 10,000 extra a year.

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Extending Outsourcing Contracts Can Alleviate Shortage of CPAs

CPA Practice

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. Annual Replacement Employment for accountants and auditors in the US was 114,730 between 2020-2021, projected to rise to 129,627 by 2025-2026.

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Ensuring Climate ESG Auditing Excellence: How Your Trusted Accounting Partner Makes the Difference

Withum

In fact, a Center for Audit Quality (CAQ) analysis found that 90% of US companies that trusted their non-financial auditing to a publicly traded auditor used the same firm for their financial auditing. Regulation: Many of the world’s most far-reaching climate regulations require assurances from pre-approved third-party auditors.

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Friday Footnotes: Which Firm Puts in the Most Hours?; Clients Pay for the Talent War; Spotting Burnout | 5.20.22

Going Concern

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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