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Friday Footnotes: The Metaverse’s First CPA Firm Gets Sued; CPA Exam Blueprints; Mad Mergers | 1.6.23

Going Concern

FTX Customers Take Enron, WorldCom Path in Legal Fight for Cash [ Bloomberg Law ]. FTX customers going outside bankruptcy court to recover losses from Sam Bankman-Fried’s failed crypto empire are using a legal path that has worked in past collapses such as WorldCom and Enron: They’re going after the supposed enablers.

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In ongoing accounting crunch, where to go for sales tax help?

TaxConnex

More generally, accounting talent pool concerns are pressing even for accounting firms , as enrollment rates of accounting students continue to fall. The accounting education pipeline is drier than ever even as accounting degrees require many additional course hours. There were about 1.65 in 2022, up 1.3%

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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. Illinois CPA Society has issued a new pipeline report: Re-Decoding the Decline. Please and thank you. Find it, and other ICPAS insights, here.

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The Beef Between the AICPA and Minnesota Over the 150 Hour Rule Heats Up

Going Concern

Last week we told you about HF 1749 and SF 1660, bills introduced to the Minnesota legislature that would allow for a second pathway to CPA licensure of 120 units and two years of experience. The AICPA has expressed directly to the MNCPA leadership our concerns about any effort that would undermine the profession and the CPA license.

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Beyond tax season: creating revenue stability year-round

ThomsonReuters

If you’re not familiar with bookkeeping services, you can take courses online, and you do not need an accounting degree to perform bookkeeping services. Helping with tax audits or legal concerns related to taxes. Business tax preparation. Preparing and filing 1099 forms at the end of the year. Filing quarterly employment taxes.

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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

Talent Accounting Research Seeks to Find Solutions for Talent Shortage [ EIN Presswire ] The Center for Accounting Transformation, in collaboration with CPA Trendlines, is undergoing Staffing Strategies Research to understand how to address the talent shortage and identify workable solutions for firms and organizations of all sizes.

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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

I’m just going to leave this here: Finding ‘untapped’ talent pools of CPAs [ Journal of Accountancy ] Gee I have no idea why it’s getting so hard to find CPAs hmmm…OH maybe because this is the kind of advice being handed out: “Put aside preconceived notions about what experienced CPA job seekers are looking for in their jobs.