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The Accountant Shortage is a Material Weakness Now

Going Concern

WSJ: The widening shortage of accountants has begun showing up in financial statements. We have engaged a leading public accounting firm to support this work. Out of curiosity I checked Advance Auto Parts’ site and there are several open accounting jobs listed.

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Why Fraud—Yes, Fraud—Could Boost the Accounting Talent Pipeline

CPA Practice

In a supplemental analysis of educational and labor market data of more than half a million accounting graduates in the U.S., The complete research, “ Externalities of Financial Statement Fraud on the Incoming Accounting Labor Force ,” will be published soon in the Journal of Accounting Research.

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Friday Footnotes: For the Last Time, Salaries Are Too Low; NOCLAR Is Back; Big 4 Beat Up Again | 3.1.24

Going Concern

Meanwhile, the audit side is under increased regulatory pressure because of perceived lapses in audit quality at accounting firms of all sizes. Last year, the median salary for full-time entry-level accounting jobs was roughly $62,500, up from about $50,000 in 2020, according to Handshake data.

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Friday Footnotes: EY Can’t Hire Tech; John Doe Sues the PCAOB; Auditors Can’t Find Torpedoes and Missiles | 1.20.03

Going Concern

Practice Management How firms use stay interviews to boost retention [ Journal of Accountancy ] Job interviews have long been an essential part of the hiring process. But now, some public accounting firms are turning the lens on themselves.

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