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Monday Morning Accounting News Brief: Every Day Is Fools’ Day For Some Accounting Employers; McKinsey Now Paying People to Leave | 4.1.24

Going Concern

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.

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iplicit launches pilot scheme to support multi-academy trusts’ accounting needs

Accounting Insight

Following its launch into the education sector at the EdTech event Bett UK in March, accounting software provider, iplicit , is inviting multi-academy trusts (MATs) to become pilot sites with access to its award-winning accounting software. iplicit surveyed 200 CFOs working in existing MATs.

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UK finance software isn’t making the grade

Accounting Insight

New research being officially announced at BETT 2023 has found that almost half (47%) of Chief Financial Officers (CFO) working in Multi Academy Trusts (MATs) rate their finance software as ‘inadequate’ or ‘requires improvement’. By iplicit The post UK finance software isn’t making the grade appeared first on Accounting Insight News.

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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. One International Federation of Accountants (IFAC) study revealed that 70% of global ESG assurance is performed by accountants.

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Walmart Offers Cheaper Supplier Finance For Sustainability

PYMNTS

Walmart and HSBC are introducing a new initiative that pegs supplier financing rates to that vendor’s sustainability performances. Suppliers that show progress can apply for HSBC financing. The Project Gigaton initiative is Walmart ‘s effort to cut one billion metric tons of greenhouse gasses from its value chain by 2030.

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Small Businesses At The Center Of Bots Vs Accountants

PYMNTS

In a 2017 report from job hunting site Indeed , researchers found that “small business accountant” was nowhere to be found in the top-10 job positions sought after by most small business employers. “Bookkeeping is the low-value work performed by accounting firms,” he said.

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AI, cyber security, AML and more at Accountex Summit Manchester

Accounting Insight

With just a couple of weeks until Accountex Summit Manchester returns to Manchester Central on September 19 2023, here’s a run-down of all things new at the show… The Accountex Summit Manchester CPD accredited seminar programme will explore the pivotal topics to help accounting and finance professionals stay ahead in their career.