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Monday Morning Accounting News Brief: Accounting Errors Are Up, Way Up; Deloitte’s Getting a New King of Consulting | 12.9.24

Going Concern

Atkins is expected to ease overall oversight, including of cryptocurrency firms, but his past criticism of the PCAOB could signal an even more drastic shake-up to audit regulation. That would likely mean a softer regulatory touch with accounting firms and a new leader to replace Chair Erica Williams, longtime observers say.

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In 2019, Academic Researchers Tried to Answer the Question ‘Is Accounting a Miserable Job?’

Going Concern

A branch of accounting literature argues that such stereotypes are costly to the profession because they reduce the number, quality, and diversity of people selecting into accounting careers (Baldvinsdottir et al. Whether accounting is a miserable job is an empirical question that has not been carefully evaluated previously.

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

Going Concern

Talent Why Graduates Aren’t Hot on Accounting Careers: Low Starting Pay, Onerous Testing [ Wall Street Journal ] For Connor Verrett, an economics major and entrepreneurship minor at Washington & Lee University who expects to graduate this month, that roadblock was among the factors he considered in eschewing an accounting career. “It

CPA
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Friday Footnotes: Big 4 CEO Hype Songs; Tim Ryan Does Sit-Ups For Breakfast; SEC on SPAC | 6.30.23

Going Concern

The Market Accounting firms question the partnership model [ Financial Times ] Several US accounting firms have taken investments from private equity groups to pay for acquisitions. Private equity has cheque-writing privileges that a partnership doesn’t have,” said Allan Koltin, an accounting sector M&A adviser.

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Building an AI-ready firm: Strategies for responsible integration and growth

ThomsonReuters

Jump to ↓ Understanding AI’s impact Step 1: Cultivating an AI-savvy culture Step 2: Developing an AI roadmap Step 3: Implementing AI responsibly Are you ready to become an AI-ready firm? But as an accountant, where do you begin in building an AI-ready firm?

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Managing stress for tax professionals

ThomsonReuters

Nearly 9 in 10 accountants want a better work-life balance, while just over 70 percent would like more help from their organizations to manage mental health, according to ACCA’s Global Trends Survey 2023. Long hours and heavy workloads are nothing new for many accounting professionals. Poor management.

Tax
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Research: Big 4 Dads Still Aren’t Embracing Paternity Leave

Going Concern

TLDR summary of this article from ChatGPT: Big 4 accounting firms introduced paternity leave in 2006, but a recent study finds that many fathers, especially in high-pressure environments like audit firms, hesitate to take advantage of it. Nice dig at accounting firms’ self-fellating press releases there.