ThomsonReuters

JANUARY 29, 2024

Retiring Baby Boomers are creating a vacuum, leading to a scarcity of experienced professionals, and there aren’t enough young people graduating with accounting degrees—or choosing to enter public accounting—to fill that void. This is where technology, particularly tax automation, plays a pivotal role.

Technology 52

Technology accounting degree tax preparation cpa firm 52

TaxConnex

FEBRUARY 27, 2024

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%

Sales 219

Sales Tax Account accountant 219

Going Concern

OCTOBER 24, 2022

Speaking of press releases, EY announced that it has expanded its technology ecosystem with the launch of business transformation platform, EY Nexus, which is optimized for financial services and designed for rapid deployment of new products and solutions. The accounting profession is incubating the next big tech boom.

cpas 57

cpas Account accountant accounted 57

Going Concern

APRIL 20, 2022

As I snarkily mentioned last week , the AICPA has finally released its much-anticipated 2021 Trends in the Supply of Accounting Graduates and the Demand for Public Accounting Recruits (or Trends , for short) report [PDF here ], a behemoth data dump of accounting industry stats first released in 1971 and released every two years since 2009.

Account 52

Account accountant accounted CPA 52

Going Concern

JANUARY 12, 2024

Jack Fisher, a certified public accountant (CPA) who began selling units in his abusive tax shelters at least as early as 2008, was sentenced to 25 years in prison. Congratulations to the 41 scholars from this year’s class.

audit 106

audit auditor Illinois CPA 106