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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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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. However, other accounting literature suggests that accounting jobs are miserable. 2003, Chen et al.

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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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Spotlighting Women in Advisory Practice: “Building an advisory firm around flexibility is key,” says Sandy Heit of ModernCPAs

ThomsonReuters

Creating a CPA firm around flexibility Heit describes how a former group of colleagues had started an accounting firm around the same time she began her photography business. After some time, Heit left HCVT to become a full-time photographer, allowing her the flexibility to have the work-life balance she desired.

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Friday Footnotes: RSM Layoffs; The Leader Who Cried On His First Day; Advisory Pays Better (Duh) | 5.5.23

Going Concern

Entry-level CPAs in advisory practices are making $11,000 more than CPAs starting out in audit and tax, and $20,000 more than non-CPAs in advisory. The report says CPAs are generally paid more than non-CPAs, but the pay gap between the two shrinks when moving from entry-level to the manager level. . On day one.

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AICPA News – Feb. 2024

CPA Practice

Meanwhile, 60% of firms surveyed reported that they expected to have the same or higher number of CPAs on staff in 2023 compared to 2022. As firm leaders, community advocates, educators, and mentors, members play a vital role in strengthening the pipeline.

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Friday Footnotes: A (Fake) Day in the Life at Deloitte; DYNAMIC Merger For Grant Thornton; CPA Awareness | 12.9.22

Going Concern

Companies “would need to continually educate new auditors on their businesses and risks”, it added. Early evidence suggests the accountants’ objections were wide of the mark. The Michigan Association of CPAs is calling all potential young accountants, CFOs and financial advisors. One last thing!

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