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Top 5 tips for accounting firms to find qualified workers

Accounting Insight

Trouble finding qualified staff continues to be a top concern for accounting firms of all sizes, according to the AICPA’s 2023 Top Issues Survey. Consider non-traditional workers How many CPAs do you really need? Your firm obviously needs a certain number of licensed CPAs if you provide auditing services.

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Number of Accounting Grads Continues to Shrink

CPA Practice

post-secondary accounting degrees fell sharply in the 2021-22 academic year, according to a biennial American Institute of CPAs (AICPA) report on trends related to accounting graduation rates, the CPA Exam and hiring demand by accounting firms. The number of students earning U.S.

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CPA Firm Managing Partner Weighs in on How to Rebuild the Talent Pipeline

CPA Practice

Jackie Cardello During the panel discussion, “Accounting Across Generations: Assessing the Current State of the Industry,” the question, “What do we have to change to rebuild the talent pipeline in the accounting profession?” You don’t have to be a CPA. Firms are looking at non-traditional hires and non-CPAs.

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Monday Morning Accounting News Brief: Big 4 Firms Hate Going Concern (Warnings, That Is); Being a Whistleblower Blows | 5.20.24

Going Concern

PwC is facing legal action claiming the accountancy firm is liable for the alleged rape of a graduate employee following after-work drinks. Those numbers seem impressive compared to figures outside of Big 4 where off-brand audit firms issue going concern warnings before a company goes down only about 17 percent of the time.

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Illinois Will Soon Let You Sit for the CPA Exam With 120 Units, Should All States?

Going Concern

.” That’s what a stakeholder told me recently when we spoke about the accountant shortage and the growing gap between students getting accounting degrees and recent graduates sitting for the CPA exam. 150 hours is the rule and accounting is nothing if not a pile of rules.

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The Accounting Talent Shortage is Not New, You Guys

Going Concern

A record 68,639 students graduated with accounting degrees in 2010. Nearly 4 in 10 accounting graduates hired last year by CPA firms had master’s degrees, compared with 26 percent in 2008. By contrast, 43 percent of graduates hired had bachelor’s degrees, down from 56 percent in 2008.

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Number of CPA Exam Takers Continues to Dwindle

CPA Practice

The AICPA and the National Association of State Boards of Accountancy (NASBA) are in the process of transforming the CPA licensure model—an initiative called CPA Evolution—to recognize the rapidly changing skills and competencies the practice of accounting requires today and will require in the future.

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