CPA Practice

MARCH 22, 2023

The Texas Senate unanimously passed a bill on Tuesday that would lower the eligibility requirement for CPA candidates to sit for the CPA exam from 150 semester credit hours to 120. Gov Patrick for passing one of TXCPAs priority legislation items of this session, which will help fuel the CPA pipeline. On to the House!!

Texas 128

Texas CPA cpas Education 128

CPA Practice

AUGUST 30, 2023

How to fix the crumbing talent pipeline in the accounting profession is a topic on the minds of many people these days. And it popped up at a session during the first day of the 2023 Unique CPA Conference, “Bridging the Gap,” in the Chicago suburb of Rosemont, IL, on Tuesday. You don’t have to be a CPA. It’s not glamorous.

cpa firm 105

cpa firm CPA cpas Maryland 105

CPA Practice

NOVEMBER 3, 2023

By Andrew Argue, CPA. College graduates with accounting degrees , CPA exam takers , new entrants to the accounting workforce —all these metrics and our experience make us feel there’s a lack of interest in our industry. You can sense the collective anxiety brewing: Is our industry running low on accounting talent?

Account 124

Account accountant accounted Technology 124

Going Concern

MAY 20, 2024

PwC is facing legal action claiming the accountancy firm is liable for the alleged rape of a graduate employee following after-work drinks. Illinois CPA Society has issued a new pipeline report: Re-Decoding the Decline. The standard applies to all engagements where the firm serves as the lead auditor or has a “substantial role.”

audit 104

audit auditor Account accountant 104

Going Concern

MAY 9, 2023

In recent years, US firms have shifted heavily into offshoring and it seems it never crossed anyone’s mind that offshore talent might be a finite resource. So far it seems dwindling accounting graduate numbers in the Philippines are mostly affecting in-country businesses and firms, still something worth keeping an eye on.

cpas 120

cpas Account accountant accounted 120

Going Concern

NOVEMBER 2, 2022

Although the accounting talent shortage seems like something that just popped out of nowhere and couldn’t possibly have been predicted, oh, a decade ago, I feel compelled to remind everyone that we here at Going Concern saw this coming. From Is There Really a Shortage of Entry Level Accountants? OK ready for the prophetic bit?

Account 125

Account accountant accounted accounting degree 125

Going Concern

AUGUST 16, 2022

.” That’s what a stakeholder told me recently when we spoke about the accountant shortage and the growing gap between students getting accounting degrees and recent graduates sitting for the CPA exam. 150 hours is the rule and accounting is nothing if not a pile of rules.

Illinois 98

Illinois CPA accounting degree cpas 98

CPA Practice

AUGUST 8, 2023

Recruiting and employee retention have topped the priority list of businesses at large in the recent past, but for the accounting industry, it has been a primary focus for most of the last decade. Competition for accounting talent is fierce.

Account 88

Account accountant accounted Education 88

CPA Practice

OCTOBER 3, 2023

next year, according to a CPA Practice Advisor analysis of public accounting pay data provided by specialized staffing firm Robert Half. Robert Half’s salary guide for 2024 was released on Monday, featuring starting salary projections for a plethora of roles in accounting and finance.

public accounting 121

public accounting Account accountant accounted 121

Going Concern

NOVEMBER 1, 2023

The Accounting & Financial Women’s Alliance and Accounting MOVE Project have released their Best Firms for Women list and while some names might prompt a hearty who?? What does it mean to be a best firm for women in the year 2023 anyway? So, what are firms that are outpacing the industry doing differently?

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cpa firm CPA accounting degree accounting firms 104

Going Concern

AUGUST 29, 2023

So a guy named Brian Kelleher who works for the hilariously named FML CPAs has written an opinion piece for the Hartford Courant entitled “Opinion: Accounting is a fantastic career — despite common misconceptions.” I’m involved in recruiting for one of the largest accounting firms in Connecticut.

Account 113

Account accountant accounted public accounting 113

CPA Practice

MARCH 18, 2024

Top 500 accounting firm JHM Certified Public Accountants, based in Chattanooga, is expanding its presence in eastern Tennessee by combining with Harting, Bishop & Arrendale (HBA) in Cleveland, TN. The combined firm will operate under the name of JHM Certified Public Accountants.

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cpa firm CPA Tennessee Real Estate 52

Going Concern

JANUARY 6, 2023

So customers have filed more than a half-dozen proposed class actions against the NFL’s Tom Brady, accounting firm Prager Metis and Bankman-Fried as an individual, among others. 2024 CPA Exam Blueprints released [ Journal of Accountancy ]. Challenges And Opportunities For Accounting Departments In 2023 [ Forbes ].

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cpa firm CPA New Hampshire Ohio 52

CPA Practice

JUNE 19, 2023

Professional association leaders warn that accounting staff shortages are popping up nationwide, impairing financial reporting at the same time that Congress has been pushing for more transparency in financial data , which will require even more staff work. So what’s changed in the supply chain for governmental accountants?

Government 98

Government Account accountant accounted 98

Going Concern

OCTOBER 11, 2022

note: the following is penned by Bob Jennings CPA, EA for his Taxspeaker.com newsletter. These businesses have their financial advisory needs served by hundreds of thousands of small firm accountants and CPAs nationwide.

Education 102

Education Account accountant accounted 102

CPA Practice

MAY 8, 2023

Shortly after Fortune released its ranking of the 100 best companies to work for in 2023, which included a smattering of public accounting firms , the business magazine came out with its inaugural ranking of the best online master’s degree programs in accounting.

North Carolina 111

North Carolina Account accountant accounted 111

Going Concern

SEPTEMBER 1, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. And while there’s been a lot of talk, what we haven’t seen…we haven’t seen any really good survey that says firms have truly done everything that they can do. Is your firm hiring?

Account 109

Account accountant accounted audit 109

Going Concern

JUNE 15, 2023

Prior to 2007 I had little idea the accounting profession existed. That was the year I started working in CPA review, Going Concern was founded two years later. This cross-disciplinary knowledge covers accountancy, business law, corporate finance, human resources, information technology, marketing/sales, and operations.

Account 57

Account accountant accounted Education 57

BuildYourFirm

APRIL 28, 2020

Koltin, CPA, CGMA. For twenty consecutive years, Allan has been named by Accounting Today as one of the Top 100 Most Influential People in the accounting profession. For the past six years, Allan has also been named by CPA Practice Advisor as one of the Top 25 Thought Leaders in the profession.

Wisconsin 168

Wisconsin cpas CPA accounting degree 168

CPA Practice

JUNE 5, 2023

Professionals on the Move is a round-up of promotions and hiring announcements in and around the accounting profession. marke t FORVIS recently welcomed Michael Shekel as a managing director with the firm’s forensics and valuation team. Shekel is a registered CPA and Accredited in Business Valuation (ABV).

Indiana 93

Indiana Massachusetts Real Estate CPA 93

Going Concern

AUGUST 24, 2022

Misery in accounting is timeless after all. Plus it’s relevant given the ongoing accounting pipeline problem and concerns about accountant shortages as the paper talks about how the stereotype of “the miserable accountant” actually draws people to the profession for whom misery is a good fit.

accounting careers 98

accounting careers Account accountant accounted 98

Going Concern

FEBRUARY 12, 2024

EY piled more than $700mn of extra debt on to its global operating business to deal with the costs of the failed plan to spin off its consulting arm, according to newly filed accounts. Between a wave of retirees and a drop in the number of people graduating with accounting degrees, the whole profession is struggling to staff up. “We

auditor 70

auditor Account accountant accounted 70

Going Concern

APRIL 20, 2022

As I snarkily mentioned last week , the AICPA has finally released its much-anticipated 2021 Trends in the Supply of Accounting Graduates and the Demand for Public Accounting Recruits (or Trends , for short) report [PDF here ], a behemoth data dump of accounting industry stats first released in 1971 and released every two years since 2009.

Account 52

Account accountant accounted CPA 52

CPA Practice

JULY 31, 2023

Professionals on the Move is a round-up of recent hiring and promotion announcements from across the accounting space. Deatrick joined the firm in 2009. He provides accounting and assurance services to both public and privately held companies, primarily those within the construction and manufacturing sectors.

Real Estate 97

Real Estate West Virginia Manufacturing audit 97

Going Concern

JANUARY 12, 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. in 2021/22.

audit 109

audit auditor Illinois CPA 109

CPA Practice

JANUARY 11, 2024

Kavanagh joins CohnReznick as Assurance Partner CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, recently announced that Charles (Chuck) Kavanagh , CPA has joined the firm as an assurance partner. DeRose, CPA, CGMA, as its new Managing Director. LGA, LLP Welcomes Jeffrey S.

Delaware 59

Delaware Georgia CPA bookkeeping 59

Going Concern

JUNE 24, 2022

FASB preps to revamp ‘outdated’ accounting for software [ CFO Dive ] “The models are outdated,” FASB member Gary Buesser said at the meeting, lending his support to the project and commending the staff for its work. Over on Reddit, u/Ostinato6 is cranking out a CPA Grindset series: And then there’s this. 121 (SAB No. 121 (SAB No.

CPA 52

CPA forensic accounting Mississippi cpas 52

Going Concern

FEBRUARY 24, 2023

Last week we told you about HF 1749 and SF 1660, bills introduced to the Minnesota legislature that would allow for a second pathway to CPA licensure of 120 units and two years of experience. The proposal would make it harder for Minnesota CPAs to practice across state lines, physically and virtually.

Minnesota 98

Minnesota Illinois cpas CPA 98

CPA Practice

NOVEMBER 29, 2023

Bookkeep Names Accounting Veteran Alison Ball as Vice President of Marketing and Communications Bookkeep, the leading accounting automation platform for ecommerce and retail, today announced the hiring of Alison Ball as Vice President of Marketing and Communications.

Real Estate 52

Real Estate audit cpas tax consultant 52

ThomsonReuters

JANUARY 28, 2022

Tax season is a critically busy time of the year for accountants, and we all know the stress that can come with such a high demand for services during that part of the year. But for some tax and accounting firms, the high volume of clients from January to April represents the majority of their business for the year.

Tax 102

Tax tax preparation bookkeeping bookkeeping services 102

ThomsonReuters

JANUARY 29, 2024

Today’s accounting firm leaders are constantly grappling with two pivotal challenges: attracting top-tier talent and holding on to the people they have. The challenge for CPA firms is to create an environment and a career path that talented young people find appealing.

Technology 52

Technology accounting degree tax preparation cpa firm 52

Going Concern

NOVEMBER 3, 2023

Scott Scarano is not your typical accounting firm owner. Over time, he was able to purchase the firm and scale it into a profitable, million-dollar business. As told to me on the Earmark Podcast , Scott’s story proves accounting can provide purpose, community, and fulfillment for those from non-traditional backgrounds.

Non-Profits 67

Non-Profits Entertainment accounting and finance accounting degree 67

Going Concern

JULY 14, 2022

Perhaps in other industries the tide may be turning and potential recruits will soon have to beg to be let in through the ATS gate of HR departments everywhere but we aren’t here to talk about other industries, we’re here to talk about accounting. The talent crunch in accounting is nothing new.

public accounting 57

public accounting CPA accounting degree cpas 57

Going Concern

MARCH 25, 2022

These are the 5 most ‘boring’ — and exciting — jobs in the world, according to a recent study [ CNBC ] You’ll be happy to hear accounting made #2 on the most boring list. Don’t feel bad, MY job ranked #3 most exciting and I assure you it absolutely is not, I write about accounting after all. “I PCAOB Spotlight PDF here.

tax return 52

tax return audit auditor cpas 52

CPA Practice

FEBRUARY 9, 2023

A team of students from the Southern Illinois University, Carbondale, claimed victory at the Deloitte FanTAXtic national case study competition by presenting the best analysis on a complex, issues-driven business tax case.

Illinois 52

Illinois Wisconsin Iowa Louisiana 52