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State CPA Society News & Updates – June 2023

CPA Practice

At Mazars, she specializes in accounting and auditing for transportation and logistics. Career Awareness Event Brings CPAs to Classrooms to Inspire Future Accountants Texas Society of CPAs (TXCPA) is excited to announce our collaboration with the American Institute of CPAs and fellow state CPA societies throughout the U.S.

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CPAs Provide Six Ways to Replenish the Talent Pipeline

CPA Practice

Because CPA candidates must complete 150 semester credit hours of education—30 credits beyond the typical 120 credit hours earned in a four-year undergraduate degree— many CPAs end up spending five years in college instead of four. We want to be clear that we very much value education. NPAG says in the report.

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How Auditors Are Seizing the Day with Artificial Intelligence

CPA Practice

These findings make it critical for those of us in the audit profession to help the next generation understand the vision and opportunities that await those who choose this career path as auditors embrace AI. The auditor-driven, AI-enabled digital audit Historically, auditors sampled client data manually.

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

CPA Practice

But modest starting salaries , horrible work/life balance (especially in public accounting), and time-consuming and strict requirements to obtain CPA licensure have resulted in declining student interest in accounting careers—thus creating a talent shortage in the profession.

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

Going Concern

Day will join the FASB from Ernst & Young LLP (EY), the global accounting and professional services firm, where he is a partner working in Professional Practice. Mr. Day has spent most of his 38-year accounting career at EY, which he initially joined in 1986 on the audit staff in St. Louis, Missouri.

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EY Survey: Students and Executives Alike Support Alternate Pathways to CPA Licensure

Going Concern

Almost 8 in 10 accounting and STEM students surveyed believe an accounting career will deliver long-term value and 34 percent of the students see a career in accounting as a steppingstone to other leadership opportunities. That’s all great.

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New AICPA Chair Looks to Foster Innovation and Support Next Generation of Accounting Professionals

CPA Practice

Ramsey served for the past year as the AICPA’s vice chair and has held several other volunteer posts, including those on the AICPA Board of Directors, the Association Board of Directors, the AICPA and Association Audit and Finance Committee Chair, the AICPA Investments Committee and AICPA Council.

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