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Abdo LLP Merges In Minnesota Accounting Firm HG&K

CPA Practice

Abdo LLP, a leading full-service accounting and advisory firm based in Minnesota, announced today that HG&K, Ltd. Abdo is ranked as a Top 25 Accounting Firm by the Minneapolis/St. has merged with the firm. In this transaction, HG&K’s three partners and 16 staff members have joined Abdo effective June 1, 2023.

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The Beef Between the AICPA and Minnesota Over the 150 Hour Rule Heats Up

Going Concern

That’s sort of what’s happening in the profession right now over proposed legislation in Minnesota that offers an alternative to the traditional 150 units of education required for licensure. That’s not to say Minnesota sucks, rather they are going up against the behemoth that is the AICPA.

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Minnesota Throws TPTB the Finger and Introduces Legislation to Offer an Alternate Pathway to CPA Licensure

Going Concern

It was only a couple days ago that the Journal of Accountancy published an interview with NASBA CEO and President Ken Bishop in which Bishop sternly warns states against even thinking about lowering the CPA licensure requirement to 120 units, something something mobility blah blah. Minnesota Statutes 2022, section 326A.03,

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Did the Anti-150 Hour Crowd Finally Beat the AICPA Into Submission? Looks That Way

Going Concern

The leaders of the US accounting profession have signaled they could cut the education requirements for becoming an accountant, amid growing alarm about a shortage of new recruits. ” “I really hope Minnesota and others talking about this see value in working with the rest of the country,” Coffey said.

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Minnesota CPA Stole More Than $340,000 From Her Clients, Feds Say

CPA Practice

By Paul Walsh, Star Tribune (TNS) An Edina, MN-based certified public accountant tapped into her clients’ bank accounts and stole more than $340,000, according to federal charges. Jeana Ann Lautigar, 57, was charged Monday in U.S.

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Monday Morning Accounting News Brief: EY Morale Is Suffering After Layoffs; Ignoring Audit Quality? | 3.11.24

Going Concern

Minnesota’s proposal to add a second pathway to CPA licensure that doesn’t require 150 hours of education is moving forward in the MN Senate. But they are stepping forward in Minnesota to challenge national organizations with a grip on their industry. EY laid off 150 people three days before Christmas last year.

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One of Minnesota’s Largest Accounting Firms Can Totally Get Behind the Alternative Pathway to CPA Licensure

Going Concern

In a LinkedIn post published March 3 , CLA CEO Jen Leary — who graduated wayyyy back when only 120 units were required — threw her support behind Minnesota Society of CPAs’ initiative to add a second pathway that would allow CPA licensure at 120 units and two years of experience. Back to Jen and her LinkedIn post.

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