article thumbnail

Friday Footnotes: No Foolin’ Here; 18,000 New Accounting Jobs; Skills Auditors Need NOW to Be Future-Ready | 4.1.22

Going Concern

431K jobs added in March, with 18.2K in accounting [ Accounting Today ] Some of the main job gains occurred in leisure and hospitality, and professional and business services, along with retail trade and manufacturing. Ah, memories. Average wages rose 13 cents to $31.73 Chinese and U.S. Photo by Cristyan Bohn.

auditor 52
article thumbnail

The Search for Talent in Firms

CPA Practice

Cultivate Talent Within Your Firm Roughly half of U.S. accountants say a dwindling pipeline of graduates joining the profession is the biggest challenge to attracting talent, according to the QuickBooks research. First, find candidates who have the right skills and are a values-fit with your firm.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

How to Grow Expertise, Build a Stronger Career, and Develop Talent Pipelines

CPA Practice

There are several ways accounting professionals and organizations can benefit from upskilling and reskilling online — whether to prepare for the CPA exam, build cutting-edge analytic capabilities, or create a new talent strategy. In 2020, the World Economic Forum predicted a decline in accounting jobs by 2025.

article thumbnail

Your Firm and Your AI Future

CPA Practice

Rise of AI-powered Accounting Tools : We expect to see a significant increase in AI-powered accounting tools designed to automate tedious tasks, streamline workflows, and improve accuracy. AI can also reduce errors and improve efficiency, leading to cost savings for accounting firms.

article thumbnail

ChatGPT Isn’t Terminator for Accountants…Yet

Going Concern

Was ChatGPT sent to us from the future to rescue the industry from the pipeline crisis by filling open accounting jobs with cyborgs and sentient machines? Accounting is ridiculously rules-based: assets = liabilities plus equities; debits = credits; cash in > cash out, etc. Your senior is probably not a synth.

Account 101
article thumbnail

Future of Accounting: The 2022 Annual Guide

Ryan Lazanis

In this guide, I’m going to outline what the future of accounting looks like for accounting firms and how to best prepare for it in 2022. This guide will cover trends that are happening at this very moment and specific strategies that you can use right now to better prepare you and your firm for the future.

Account 111
article thumbnail

From Felon to Firm Owner: A Redemption Story

Going Concern

Scott Scarano is not your typical accounting firm owner. But fueled by a desire to prove people wrong, Scott blocked out the noise and eventually finished his accounting degree. Soon, he was hustling for any accounting job that would take a chance on someone with his background. He almost quit many times.