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Our Obsession with Hours Is Destroying the Accounting Profession

CPA Practice

CPAs have always been passionate about numbers, using various metrics such as revenue, profit, headcount and realization to measure success. However, this focus on numerical indicators is contributing to the decline of the CPA profession itself. A talent shortage is affecting accounting firms across the demographic spectrum.

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Episode 068: A conversation with Allan Koltin

BuildYourFirm

Koltin was also voted one of the 10 Most Recommended Consultants for the sixteenth straight year in the “Annual Survey of Firms” conducted by INSIDE Public Accounting. For the past six years, Allan has also been named by CPA Practice Advisor as one of the Top 25 Thought Leaders in the profession.

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Friday Footnotes: How Are Firms Actually Using Data Analytics?; KPMG and BDO on the Move | 9.15.23

Going Concern

At the meeting, the Board will consider issuing for public comment a proposal to amend PCAOB Rule 3502, Responsibility Not to Knowingly or Recklessly Contribute to Violations. A number of accounting firms,1 public companies, professional membership associations and other key stakeholders raised concerns.

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Friday Footnotes: Tim Ryan Is Leaving PwC; Ditch the Deloitte Polo; KPMG Gung-Ho on RTO? | 10.13.23

Going Concern

Audit regulator says accounting firms still falling short [ The Globe and Mail ] One of Canada’s Big Four auditing firms has a significant number of problems in its work for the second consecutive year, the national industry regulator has found. You need to become aware of everything that needs to (or ought to) be done.

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Friday Footnotes: Work-Life Balance, Does It Work?; Big 4 Firms Slash Job Postings; She Doesn’t Even Go Here! | 2.16.24

Going Concern

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. public accounting firms, however, turnover has continued to increase.

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Accounting Jokes, Videos, Puns and Humor

AdviceForTaxpreparers

Why did the accountant wear New Balances? What’s an accountants favorite sport to play during busy season? Actual call to a CPA. A tax partner once told me about a client who complained that every number on his tax return prepared by the CPA firm was wrong because the amounts had been rounded. Ultimate FASB.