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Bill on Alternate Path to CPA Licensure Gains Momentum in Minnesota Senate

CPA Practice

A Minnesota legislative committee advanced a bill in the state Senate on March 7 that would add an alternative pathway to CPA licensure while also maintaining the 150 credit-hour option. It has instead created artificial barriers for Minnesotans to become CPAs. This is harming smaller organizations that can’t find CPAs.

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Friday Footnotes: PwC Isn’t Getting a Redemption; Just Say No to NOCLAR; Oh, Layoffs? | 3.15.24

Going Concern

through September 2026, a spokesperson confirmed. The NYT report’s focus was that private auditors from large firms failed and consistently missed child labor law violations. Auditors moved quickly and left before children arrived for overnight shifts, or they were not sent where minors worked.

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Friday Footnotes: The PCAOB-to-Practice Pipeline and Audit Quality; Ball Extension; Tim Ryan’s Replacement | 1.12.24

Going Concern

Long Reads How Auditor Deloitte Missed A Nigerian Company’s Massive Fraud [ Forbes ] Hindenburg Research, known for sniffing out corporate scams, took aim in June at an obscure Nigeria-based outfit named Tingo Group. These issues were apparently not glaring enough for the company’s auditor, however.” Tingo paid $1.6 in 2021/22.

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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

Certified Public Accountants (CPAs) are the trusted providers of most companies for financial auditing and have been supporting the assurance of non-financial ESG and climate information for decades. 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: Firms Make Progress on Diversity; EY Growth Plan; PIZZA PARTY! | 3.8.22

Going Concern

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. Brian Streig, CPA (@cbriancpa) April 8, 2022.

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