article thumbnail

Monday Morning Accounting News Brief: EY Morale Is Suffering After Layoffs; Ignoring Audit Quality? | 3.11.24

Going Concern

We’ll be doing an article shortly, in the meantime here are some quotes from INSIDE Public Accounting : Bob Cedergren, MNCPA board chair added, “I can tell you from my own experience, through conversations with colleagues throughout the country and the members of the MNCPA, that we have a significant shortage of CPAs.

audit 62
article thumbnail

How firms can create inclusive workplaces to retain LGBTQ+ accountants

ThomsonReuters

The accounting industry is seeing significant attrition among LGBTQ+ professionals Research commissioned by the Institute of Management Accountants (IMA), the California Society of CPAs (CalCPA), and the International Federation of Accountants (IFAC) revealed a surprising number of LGBTQ+ accountants are leaving their profession.

Account 98
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

CPA Firm Management Expert Michael Hsu Wants to Help Elevate Your Practice

CPA Practice

A professional education company called MEASURE x HACK , says it wants to free 1 billion people to live their life by using data and systems, announced a ground-breaking release of an accountant-exclusive, online Bootcamp named “ From CPA to CFO – 6-Week Bootcamp to Elevate Your Practice ”. In 2009, W.

CPA 52
article thumbnail

AICPA News – Sept 2023

CPA Practice

AICPA News is a roundup of recent announcements from the American Institute of Certified Public Accountants. The practice aid, Accounting for and Auditing of Digital Assets , is intended to provide nonauthoritative guidance on how to account for and audit digital assets under U.S.

audit 59
article thumbnail

What’s the Difference Between a Controller and a CFO?

Shay CPA

That certification ensures that they’re up to date on best practices like Generally Accepted Accounting Principles (GAAP). Long story short, a controller’s primary area of expertise is accounting. Some CFOs are CPAs, but that’s not always the case.

article thumbnail

ARE ALL ACCOUNTING SERVICES THE SAME?

Basis 365

CPA firm : CPAs are generally going to be the most expensive option. CPA firm : CPAs should be capable of full GAAP accrual financials. Basis 365 : Accrual accounting is at the core of what we do. CPA firm : CPAs do tend to document well. A TEAM OF ONE DOESN’T SCALE.

article thumbnail

Friday Footnotes: An Outsourcing Shortage Now Too?; Finally, Some Disruption; PwC Haters Celebrate Government Inquiry | 3.17.23

Going Concern

“A proposal like this could allow for the reinstatement of credit for more than 15,000 CPA candidates and re-open the door for those candidates to complete their journeys to becoming licensed CPAs. The best financial planners or wealth managers will set themselves apart with outstanding soft skills.”