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

CPA Practice

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. There are 12 initiatives—some considered near-term, some mid-term, and others long-term—the AICPA said it’s focusing on to fix the accountant shortage.

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Friday Footnotes: How Are Firms Actually Using Data Analytics?; KPMG and BDO on the Move | 9.15.23

Going Concern

Audit Comments Raise Concerns About PCAOB’s Proposal To Expand the Scope of Audits and the Role of Auditors [ JD Supra ] In June 2023, the Public Company Accounting Oversight Board (PCAOB) proposed sweeping amendments to its auditing standards. Following is a summary of the key areas of comment.

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Monday Morning Accounting News Brief: KPMG Gets a New Tax Leader; Bad News For MBAs; Deloitte Cheating | 10.16.23

Going Concern

The issue is one of the industry’s main concerns, along with macroeconomic volatility and cyber threats. The AICPA’s Sue Coffey wrote an opinion piece for Accounting Today. Our talent challenges are real, but perspective about the opportunities and appeal of an accounting career has been lacking. Who is it??

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Who’s Smarter, Big 4 Accountants or Industry Accountants? A Debate

Going Concern

There will always be problems with the concept of an independent audit when the auditors are being paid by the auditee. But I assert that there’s nowhere better to start an accounting career than at a Big 4 firm. Stay = Best at memorizing audit standards. Unless the people do something stupid , then yeah, sure.

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Monday Morning Accounting News Brief: KPMG Vet Quits on Christmas; PwC Resigns; ‘A Veil of Legitimacy’ | 1.16.23

Going Concern

The main objective is to check whether there are any overtime hours for which employees have not been paid or received subsequent time off,” the ministry said, noting it was concerned about compliance with both labour and social security law. Works 4 days a week now, but has put in his time as a sleepless auditor during busy season.

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