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Talent-Strapped Down Under Deloitte and EY Are Importing Staff

Going Concern

Our favorite Aussie professional services expert Edmund Tadros at Australian Financial Review has written about Deloitte and EY bringing more than 800 warm bodies into the country to staff areas like audit and cybersecurity where talent is scarce. Let’s see what he said. In the U.S.,

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Friday Footnotes: PwC Partners Get Played; Bad Accounting on the Rise; Getting to the Bottom of the Shortage | 9.1.23

Going Concern

Check out this week’s top remote accounting candidates. The “big four” accounting firm reported revenue of A$3.4 However, the divestment of its government consulting business, which was responsible for roughly 20% of revenue, is likely to see revenue drop this fiscal year. billion ($2.21

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Friday Footnotes: ‘KPMG Did Not Know What They Were Doing’; Are You Boring?; PCAOB Warns About Confirmations | 3.25.22

Going Concern

PCAOB cautions firms on use of outside service providers for audit confirmations [ Accounting Today ] The Public Company Accounting Oversight Board issued a Spotlight publication Monday containing some observations and reminders for auditing firms about relying on outside service providers for electronic audit confirmations.

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State of the Accounting Profession 2022 Via the AICPA Trends Report

Going Concern

By 2014 however, the benevolent overlords at the AICPA noticed a troubling statistic: despite record enrollments, this abundance of accounting students did not appear to be pursuing the CPA exam as expected. In other words, more people than ever were graduating with accounting degrees but CPA exam candidate numbers stayed the same.

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Uncle Sam Wants YOU to Be His Accountant

Angry Accountants

Bureau of Labor Statistics estimates that government accountants and auditors averaged the following yearly salaries in 2008: Federal executive branch: $84,520 Local government: $56,160 State government: $52,560 The starting salary of junior accountants and auditors with the federal government was $28,862 in 2007.

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The Accountant Shortage Makes One Office Get Really Desperate

Going Concern

Well that’s pretty much what’s happening in accounting right now. In early October, local KCCI in Des Moines ran a story about a shortage at the Iowa State Auditor’s Office. The problem isn’t unique to the Iowa Auditor’s Office. And it’s only just begun. Yes, we know.

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