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South Carolina’s Top Accountant to Step Down After $3.5 Billion Error

CPA Practice

By Joseph Bustos, The State (TNS) South Carolina’s top accountant Richard Eckstrom says he will resign effective April 30 after disclosing to state lawmakers that he inflated the state’s cash balances for a decade, eventually reaching about $3.5 billion accounting blunder was the latest controversy for Eckstrom.

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Monday Morning Accounting News Brief: Big 4 Consulting Salaries; Accounting For Dummies; PwC Boomerangs | 3.27.23

Going Concern

South Carolina’s comptroller quits after a $3.5 billion accounting error Alright, here are some other headlines for ya. The world’s largest accounting and professional services firms in terms of revenue and workforce, these prestigious firms are renowned for offering high salaries with a generous bonus structure.

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AICPA Council Approves 12-Point Plan to Do F*ck All to Solve the Accountant Shortage

Going Concern

Last week, the AICPA released a revised pipeline acceleration plan , the goal of which is to get more young people into accounting to save the profession from extinction. AICPA CEO—Public Accounting Susan] Coffey said the state CPA societies’ role in helping address the pipeline is essential. Cue measured fanfare.

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Friday Footnotes: CPA Exam Scares Accounting Majors Away; EY Loses Fees in China | 5.12.23

Going Concern

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. UK accounting sector needs to put more emphasis on its people [ AccountancyAge ] Across the UK, increasing turnover rates have been observed across barrios sectors.

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AICPA Releases Guidance on Changes to State Licensure Requirements

CPA Practice

The American Institute of CPAs has released information for accounting professionals on the potential impact to their out-of-state engagements if pending state bills altering licensure requirements are enacted. We believe upending mobility would be a grave mistake,” said Susan Coffey, AICPA & CIMA’s CEO of public accounting.

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150 Hour Rule: Let’s Keep Arguing About What Color the Drapes Should Be While the House is Burning Down

Going Concern

Amanda Iacone at Bloomberg Tax has written the accounting niche’s 1,735th article about the accountant shortage and this time, as is often the case, the focus is 150 hours. Apparently South Carolina has joined them. Wages rose quickly in the last two years, although growth has slowed this year, Britton said.

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AICPA News – Nov. 2023

CPA Practice

AICPA News is a round-up of recent announcements from the American Institute of Certified Public Accountants. The program allows UMCS students to kickstart their careers by developing their accounting, finance, and business skills and earning prestigious professional qualifications alongside their university studies.

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