Going Concern

NOVEMBER 24, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. A recent Tax Court opinion demonstrates this point well.

auditor 106

auditor audit tax return cpas 106

Going Concern

SEPTEMBER 22, 2023

Here we are again talking about the accountant shortage. Mark Maurer at Wall Street Journal wrote today about a young man named Omer Khokhar who realized after six years in accounting that he was done. The article title: “Job Security Isn’t Enough to Keep Many Accountants From Quitting.” ” Ruh-oh.

Account 113

Account accountant accounted CPA 113

Going Concern

SEPTEMBER 1, 2022

Last week, we published a letter written to Fortune by a former CPA who pivoted to driving 18-wheelers and found far more career happiness than he ever would have in accounting (good for him). Accounting and being a CPA have been the worst personal decision and professional organization I’ve been a part since passing.

cpas 97

cpas cma Real Estate accounting and finance 97

Going Concern

FEBRUARY 27, 2023

In Australia, EY is still bungling this one up : EY accidentally leaked the personal details of current and former employees while trying to launch a massive review into the firm’s workplace culture. Yet that is what the IRS deals with every day.” From FloQast : Six in ten (63%) U.K. From FloQast : Six in ten (63%) U.K.

Technology 101

Technology Account accountant accounted 101

Going Concern

FEBRUARY 19, 2024

Underemployed staff at the Big Four auditors risk losing their jobs as firms step up their scrutiny of employee workloads in a downturn. EY and Deloitte are among firms that are letting inactive employees go at performance reviews outside of already announced job cuts, according to sources.

auditor 57

auditor Account accountant accounted 57

Going Concern

OCTOBER 20, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Early-career hires are set to account for the majority of job losses in some teams, as Deloitte retrenches following a slowdown in demand. Welsh said.

CPA 100

CPA quickbooks Real Estate auditor 100

Going Concern

MAY 2, 2023

We all know outsourcing is big these days — accounting firms might be sending a third of their work overseas and some seniors are overseeing an entire team of offshore associates — but what about insourcing ? We’re talking about talent-strapped Big 4 firms bringing the offshore talent to them. In the U.S.,

auditor 106

auditor audit accounting degree Management Consulting 106

Going Concern

APRIL 6, 2022

With the ongoing Great Resignation across all industries and the critical pipeline problem contributing to a shortage of accountants , the profession is in a bit of trouble. Let’s start with the salary guide to beat all salary guides: the 2022 Accounting & Finance Salary Guide from Robert Half. Senior tax accountant: 1.4%.

accountant salary 54

accountant salary Account accountant accounted 54

Going Concern

MAY 5, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Entry-level CPAs in advisory practices are making $11,000 more than CPAs starting out in audit and tax, and $20,000 more than non-CPAs in advisory. Nearly all firms in the survey raised fees.

audit 103

audit cpas auditor Mississippi 103

Going Concern

JANUARY 19, 2024

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. And take our 2024 Predictions for the Accounting Profession survey ! Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default.

Arizona 78

Arizona accounting and finance audit auditor 78

Going Concern

FEBRUARY 6, 2023

Searches for ‘auditor’ ranked number one on the list with 222,500 monthly Google searches. People are searching 5,000 times on average a month for ‘auditor jobs’ and 500 times for ‘auditor careers’. Accounting is the most rules-based profession. The robots are finally coming for your job! Chat AI solves this.

auditor 19

auditor Account accountant accounted 19

CPA Practice

NOVEMBER 9, 2023

Thomson Reuters, a global content and technology company, has added several updates to its suite of tax, accounting and audit products, it announced at its annual customer event, SYNERGY. We’re also unveiling enhancements that will support auditors with automated detection of anomalies in audits,” van Rijn continued.

Technology 52

Technology tax preparation corporation tax auditor 52

Going Concern

SEPTEMBER 15, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Happy National Leave Your Accountant the F**k Alone Day , everyone! The Public Company Accounting Oversight Board (PCAOB) will hold an open meeting on Tuesday, September 19, 2023, at 10:00 a.m.

audit 101

audit Colorado CPA Texas 101

Going Concern

NOVEMBER 3, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. The accusations have been met with scorn by the firms, concerned that inaccurate information has been given parliamentary privilege to unfairly tarnish the reputation of its staff.

financial statements 100

financial statements Tax audit CPA 100

Menzies

JANUARY 20, 2023

Menzies LLP - A leading chartered accountancy firm. Menzies are often appointed by the Finance Directors of large companies and groups to work alongside their existing auditors. Menzies is a leading UK firm of accountants, finance and business advisers. Why Menzies?

Finance 52

Finance Tax tax return accounting and finance 52

ThomsonReuters

MARCH 19, 2024

As open-source generative AI platforms (like ChatGPT) gain momentum, there are concerns around accuracy, security, and privacy — especially when it comes to handling clients’ sensitive tax information. The basics of generative AI in tax So, what exactly is generative AI and how does it work within the tax and accounting profession?

Tax 52

Tax Technology Education auditor 52

Going Concern

AUGUST 25, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. The accounting industry is in a state of transition. The influx of private equity, labor shortages, and remote/hybrid work have all impacted accounting firms to varying degrees.

tax preparation 92

tax preparation CPA payroll tax Illinois 92

Going Concern

MAY 6, 2022

Mesa grandma, 25-year-old accountant share love of Phoenix Suns [ Arizona’s Family ] JoAnne Ralph and Ben Barchilon have a special bond, and it all started with their love of the Phoenix Suns. The authors posit that one significant factor driving the gender gap in the accounting profession originates with the Uniform CPA Examination.

auditor 52

auditor audit CPA Real Estate 52