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Monday Morning Accounting News Brief: Gen Z Ruins Accounting; EY Hammers Out Some Deets; Internal Control Controversy | 12.05.22

Going Concern

Cohen and Company, CPAs of Rockville, Maryland, merged into Marcum effective December 1, adding to Marcum’s presence in the Mid-Atlantic. Not only is the cost high, but firms don’t feel it has value. They assume since management is doing the internal control evaluation themselves, the auditor opinion does not matter.

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Here’s Everything We Know So Far About 2022 Accounting Salary Projections

Going Concern

Tax accountant, 1-3 years’ experience: 1.6%. Entry-level tax accountant: 2.6%. Senior auditor: 1.6%. Auditor, 1-3 years’ experience: 2.2%. Entry-level auditor: 1.6%. The AP guide was released in November 2021 and estimates that accounting salaries are expected to rise 6.4% Audit and assurance services.

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Friday Footnotes: ‘You Can’t Be Seen As the First Person to Leave’; How Firms of All Sizes Are Using AI | 10.6.23

Going Concern

Donald Bender, a partner at accounting firm Mazars USA, had been under tense cross-examination by Trump’s attorneys since Tuesday afternoon when they called him out over his apparent memory loss during the final hours on the witness stand. Technology How do different accounting firms use AI? 1, KPMG said.

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Friday Footnotes: Looking Elsewhere For Talent; MPs Talk Private Equity Concerns; The Burnout Queen | 8.25.23

Going Concern

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.