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Does the 150 Hour Rule Provide Value to the Profession or to Students as Future CPAs? No, Says Professor

Going Concern

Big 4 alum and professor of accounting and finance at the College of Saint Benedict and Saint John’s University in Minnesota Boz Bostrom has penned a piece for the MNCPA blog on why, in his opinion and supported by research, the 150 hour rule must change. Louis, found that the 150-hour rule reduced those taking the CPA exam by 15%.

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Professionals on the Move – Jan. 2024

CPA Practice

PKF Mueller Joins Cherry Bekaert to Expand Chicago Market Reach Cherry Bekaery, an assurance, tax and advisory firm, recently completed an acquisition transaction with PKF Mueller , a full-service certified public accounting and business advisory firm located in the metropolitan Chicago area.

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The 150-Hour Rule: A Case of Quantity Over Quality

Going Concern

The National Association of State Boards of Accountancy (NASBA) considers these to be equivalent college credit hours. While CPA firms continue to have difficulty finding and retaining qualified accountants, the NASBA continues to defend the 150-hour rule. Clearly, they are not. Quantity Over Quality? I won’t do so again.

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AICPA Says it Has a Plan to Fix the CPA Talent Shortage

CPA Practice

One of the biggest questions currently being asked by many throughout the accounting profession is, “How can we make accounting more appealing to students?” There’s plenty of accounting jobs out there that need to be filled— more than 300,000 accountants and auditors have left the profession in the past few years.

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Friday Footnotes: Bob Moritz Disappoints Us; ERC Window Slamming Shut; 2024 Sucks For Firms? | 3.22.24

Going Concern

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. Look no further, Accountingfly’s top remote accounting candidates of the week are here.

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4 Tips on Managing a Multigenerational Workforce

CPA Practice

But it’s still worth underscoring how important it is for CPA firm leaders to closely monitor the job satisfaction of these precious resources — especially at a time when many of these professionals might be thinking about making a job change soon. Plus, it can strengthen employee morale.

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Update on the CPA Profession

Dent Moses

.” However, one of the accounting profession’s biggest challenges is the need for more people to do the work. Specifically, there is a real need for more incoming CPA candidates to replace those retiring and to handle increased demand. 75% of current CPAs will retire in the next 15 years. from the previous year.

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