Going Concern

APRIL 7, 2023

[ Wall Street Journal ] A tap story from WSJ says accountants and writers are among the jobs that could be most affected by AI tools (*gulp*) Big 4 March people moves: KPMG, Deloitte, PwC make senior hires [ AccountancyAge ] Musical chairs across the pond. and overseas” seeking further explanation about the auditor’s opinion.

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Going Concern

JANUARY 6, 2023

So customers have filed more than a half-dozen proposed class actions against the NFL’s Tom Brady, accounting firm Prager Metis and Bankman-Fried as an individual, among others. Bureau of Labor Statistics reported Friday, but employment in accounting and bookkeeping services fell by 1,100 jobs. Firm M&A.

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CPA Practice

MARCH 21, 2023

AuditClub, a collaborative “Audit Service Center” for CPA firms and companies, has introduced AuditClub One, a in order to address the talent exodus and pipeline problems prevailing throughout the profession. Accountants are leaving corporations and audit firms in record numbers, as they reevaluate what they want from their careers.

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CPA Practice

MAY 18, 2023

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.

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Going Concern

JANUARY 29, 2024

In the column he referenced this ancient document (August 1993) entitled “The case for non-CPA owners in CPA firms.” Do firms want non-CPAs to be part of the ownership ranks, or is this strictly a rhetorical question? Tupperware hired the Big Four auditor on Jan. Let’s read a little bit.

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CPA Practice

AUGUST 9, 2023

AuditClub, the Audit Service Center for CPA firms and companies, has launched a new alliance model designed to connect tax and non-attest accountants with AuditClub One assurance professionals to improve service delivery options to clients. “In

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AdviceForTaxpreparers

SEPTEMBER 8, 2020

by Bill Meador, CPA, JD. My name is Bill Meador and I am writing a book to help tax staff succeed in a public accounting firm tax department. Issue 3: I am an accounting major, auditor, or I don’t have enough experience in tax to promote the book. Bill Meador, CPA, JD. The choice is up to you. That’s fine.

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CPA Practice

JANUARY 17, 2024

Drawing inspiration from the customer-centric and digital experiences offered by modern companies, CPAClub was driven to address the profession’s staffing shortages and streamline outdated processes by upending the traditional CPA firm model. Traditional CPA and consulting firms’ approaches have become outdated and ineffective.

CPA 40

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Going Concern

FEBRUARY 3, 2023

Big 4 EY considers handing retired US partners cut of proceeds from spin-off [ Financial Times ] EY has told retired US partners it is considering giving them a cut of the proceeds from a spin-off of its consulting arm, after complaints that the firm’s leadership is cashing in on a business built by previous generations. Ha ha,” he chuckles.

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Withum

DECEMBER 12, 2023

Certified Public Accountants (CPAs) are the trusted providers of most companies for financial auditing and have been supporting the assurance of non-financial ESG and climate information for decades. Regulation: Many of the world’s most far-reaching climate regulations require assurances from pre-approved third-party auditors.

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Going Concern

MARCH 22, 2024

Top Remote Accountants of the Week | March 21, 2024 Practice The worst of times: Issues in accounting in 2024 [ Accounting Today ] It’s a great time to run an accounting firm — except for how hard it is. Atlas CPAs and Advisors undercut the Utah-based auditing firm by $12,000.

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CPA Practice

APRIL 11, 2023

Brian Yujuico has been named vice president and senior chief auditor at AuditClub, the Audit Service Center and creator of the innovative auditors-as-a-service model. In this newly created role, Yujuico, a Certified Public Accountant, will oversee day-to-day activities of the growing team of chief auditors, crew and cadets.

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Going Concern

SEPTEMBER 29, 2023

by u/Altruistic-Bee-6372 in CPA Office Space PwC looks to exit Downtown for office in West San Jose [ The Real Deal ] Downtown San Jose has one more business casualty that could head west: PwC. The accounting and advisory firm in an email said it plans to move its office from One Cleveland Center (1375 E.

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Going Concern

MAY 5, 2023

Entry-level CPAs in advisory practices are making $11,000 more than CPAs starting out in audit and tax, and $20,000 more than non-CPAs in advisory. Entry-level CPAs in advisory practices are making $11,000 more than CPAs starting out in audit and tax, and $20,000 more than non-CPAs in advisory.

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Going Concern

NOVEMBER 11, 2022

There’s definitely an accountant shortage out there’: MBAs have become the go-to degree and companies are struggling to hire enough CPAs [ Fortune ]. The Big Four accounting firms are even reaching out to high school students to share that message and creating more flexible work environments, Lansford says.

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Going Concern

MAY 26, 2023

The accounting firm is embroiled in a national scandal over its use of confidential information about proposed tax laws to drum up business. The bitcoin mining company “dismissed” its previous accounting firm Marcum on May 18, appointing Deloitte to take its place. million over a decade.

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Going Concern

FEBRUARY 27, 2023

In Australia, EY is still bungling this one up : EY accidentally leaked the personal details of current and former employees while trying to launch a massive review into the firm’s workplace culture. Yet that is what the IRS deals with every day.” From FloQast : Six in ten (63%) U.K.

Technology 94

Technology Account accountant accounted 94

Going Concern

SEPTEMBER 15, 2023

Audit Comments Raise Concerns About PCAOB’s Proposal To Expand the Scope of Audits and the Role of Auditors [ JD Supra ] In June 2023, the Public Company Accounting Oversight Board (PCAOB) proposed sweeping amendments to its auditing standards. James Nelson started the firm in the city in 1923.

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CPA Practice

FEBRUARY 28, 2023

The American Institute of CPAs (AICPA) and CPA.com announced its 2023 Startup Accelerator cohort at a kick-off meeting held at AICPA headquarters in New York. This year’s participants include five early-stage companies pursuing a variety of solutions in audit, accounting, tax and e-commerce.

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Going Concern

OCTOBER 1, 2022

Partners at Deloitte in the UK and Switzerland will receive an average income of more than £1m each for the second year in a row, after the accountancy firm enjoyed another successful year. Firm Watch. At trial, Vatican auditor says he was shocked by misuse of funds [ Catholic News Service ].

Non-Profits 89

Non-Profits audit auditor public accounting 89

Going Concern

MAY 15, 2023

Virginia Society of CPAs is tackling the question “ is 150 too many? ” For nearly the past two decades, prospective CPAs in Virginia have had to undertake 150 hours of education before becoming licensed. But a declining CPA pipeline has accountants asking: Is the 150 now a barrier to becoming a CPA?

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Going Concern

APRIL 20, 2022

The 2019 Trends report revealed an interesting shift in accounting industry hiring trends: 31% of new hires at accounting firms were non-accounting graduates. Two years later, the number of non-accounting new hires is up by more than 10%. of new hires are non-accounting grads. Doctorate: 39. Hiring trends.

Account 52

Account accountant accounted CPA 52

CPA Practice

JULY 27, 2023

As an example of the ChatGPT response to “What are the most time-consuming items in a CPA Firm,” ChatGPT suggested the following (completely unedited): Accounting or Certified Public Accountant (CPA) firms often have to manage numerous tasks, some of which can be quite time-consuming.

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Going Concern

MARCH 1, 2024

Meanwhile, the audit side is under increased regulatory pressure because of perceived lapses in audit quality at accounting firms of all sizes. If adopted, the proposal would strengthen auditor requirements to identify, evaluate, and communicate possible or actual noncompliance with laws and regulations.

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Going Concern

JANUARY 26, 2024

Long Read Corporate Self-Oversight [ The American Prospect ] Four auditing firms examine the books of nearly every big U.S. AI Is your firm keeping pace? How AI is transforming audit [ Thomson Reuters ] In the past, auditors have heavily relied on manual processes to uncover risks in financial statements and business operations.

Account 107

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Going Concern

MARCH 17, 2023

“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 journey to zero-day close will drive further adoption of accounting automation 3.

Government 71

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Going Concern

FEBRUARY 16, 2024

The Conflict Surrounding Work-Life Balance in Public Accounting Firms [ CPA Journal ] For years, the public accounting sector has been characterized by high employee turnover. In the past few decades, public accounting firms have implemented work-life balance practices as part of their attempts to curb excessive turnover.

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Going Concern

FEBRUARY 23, 2024

Patrick, now a resident of Cody, Wyoming, co-owned a media brokerage firm with her husband and hired an accounting firm to prepare business and personal tax returns for 2012 through 2014. Despite receiving the completed and accurate tax returns from the accounting firm, Patrick did not file them with the IRS.

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Going Concern

DECEMBER 9, 2022

As we enter the season of giving, it seems that employees of a Mississippi-based accounting firm with a lucrative Florida contract have allegedly been caught gifting themselves funds intended to help citizens in need. Baker Tilly Shops for US Law Firm as Big Four Expand Services [ Bloomberg Tax ]. Something’s up.

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CPA Florida auditor audit 77

AdviceForTaxpreparers

JULY 29, 2019

Do you know why it’s so difficult for restaurants to find CPAs? Because there’s no accounting for taste. Why was Janet Jackson’s accountant so upset when she had a wardrobe malfunction? Why did the accountant divorce the banker? Why did the auditor get hit by a car when he crossed the road?

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Going Concern

AUGUST 25, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. The accounting industry is in a state of transition. The influx of private equity, labor shortages, and remote/hybrid work have all impacted accounting firms to varying degrees.

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Going Concern

JANUARY 13, 2023

The Abradin association said it was denouncing Americanas for what it called a “multi-billion fraud,” while also asking regulator CVM to investigate the retailer’s auditor, PwC. Are midcareer CPAs happy in your firm? Accounting Today Opinion ]. ” Talent.

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Going Concern

MARCH 15, 2024

EY’s new boss shuffles leadership roles and plans cost cuts [ Financial Times ] EY’s new boss Janet Truncale has set out her leadership team for the Big Four accounting firm, moving an architect of its failed split from his executive role and signalling plans to cut costs across the global firm.

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Going Concern

JANUARY 5, 2024

Big 4 Big Four Reshape Consulting Workforce, Strategy With Rare Layoffs [ Bloomberg Tax ] The Big Four accounting firms have leaned into their tech advisory work and data analytics services—areas ripe for revenue growth—as interest rates and the artificial intelligence boom reshaped demand for consulting services. Happy trails, Tom!

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