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AICPA Says it Has a Plan to Fix the CPA Talent Shortage

CPA Practice

One of the biggest questions currently being asked by many throughout the accounting profession is, “How can we make accounting more appealing to students?” There’s plenty of accounting jobs out there that need to be filled— more than 300,000 accountants and auditors have left the profession in the past few years.

CPA 98
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Friday Footnotes: Ex-CPA Leaves Clients in the Lurch Before Tax Day; EY Layoffs; More ERC Concerns | 4.12.24

Going Concern

The city’s audit committee, a monitoring body that tracks the findings and recommendations of Montreal’s auditor general, comptroller general and external auditors, makes the observation in its latest annual report. While the average mean salary for accountants in the U.S.

CPA 100
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Monday Morning Accounting News Brief: PwC CEO Resigns Over Tax Scandal; RTO Propaganda; Unproductive Productivity | 5.8.23

Going Concern

Partners had complained that Mr Seymour’s ongoing preference to treat the matter as a legal argument instead of dealing head-on with the issues had become a threat to the firm’s reputation in the wider consulting and auditing market. This ESPN article about tonight’s draft mentions only “accounting firm.”

Account 52
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Wall Street Journal Addresses the Accountant Shortage, Suggests a Recession Could Fix It

Going Concern

Besides needing to hit minimum word count on this, I bring it up because even all these years later, I have a vague recollection of the phone calls I got in 2008 from aspiring CPAs. They say accounting is recession-proof, I had an inside view during the worst recession of our lifetime and must agree. If you wreck it, they will come.

Account 119
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Friday Footnotes: For the Last Time, Salaries Are Too Low; NOCLAR Is Back; Big 4 Beat Up Again | 3.1.24

Going Concern

Meanwhile, the audit side is under increased regulatory pressure because of perceived lapses in audit quality at accounting firms of all sizes. Last year, the median salary for full-time entry-level accounting jobs was roughly $62,500, up from about $50,000 in 2020, according to Handshake data.

audit 107
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Friday Footnotes: A (Fake) Day in the Life at Deloitte; DYNAMIC Merger For Grant Thornton; CPA Awareness | 12.9.22

Going Concern

BDO Ireland creates 100 jobs as it moves to new office in Dublin [ RTÉ ]. Accounting, tax audit, and business advisory firm BDO is investing €5m in a new office as it creates 100 new jobs. Baker Tilly Shops for US Law Firm as Big Four Expand Services [ Bloomberg Tax ]. Something’s up.

CPA 88
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Friday Footnotes: KPMG Downsizes (Office Space); CPA CPA CPA; Some Good News on Diversity | 8.26.22

Going Concern

Headquarters at Hudson Yards [ Wall Street Journal ] The global audit and consulting firm KPMG LLP is shrinking its New York office space by more than 40%, becoming the latest big company to cut back on real estate as it embraces hybrid work. and China Announce Deal to Share Audits of U.S.-Listed Do we need accounting firms?

CPA 90