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Friday Footnotes: Bob Moritz Disappoints Us; ERC Window Slamming Shut; 2024 Sucks For Firms? | 3.22.24

Going Concern

The decision will likely set up another showdown with Australian politicians who have strongly criticised the firm for not sharing the report, and frustrate government departments that have believe it should be shared. Atlas CPAs and Advisors undercut the Utah-based auditing firm by $12,000. Movers and Shakers Jackson M.

Minnesota 100
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Friday Footnotes: Client Hid ‘Damning’ Audit; Predictions for the Profession; Accounting Firm Gets Compromised | 4.15.22

Going Concern

There is another way of putting this: Accounting is a profession whose brand has not been diluted. For example, the AICPA’s idea of expanding its membership by opening the certified in financial forensics (CFF) certification to non-CPAs runs counter to the exclusivity of the CPA brand.

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Changes in 2024 CPA Exam Put Technology Front and Center

CPA Practice

Today’s CPAs need deeper skill sets, more competencies and greater knowledge of emerging technologies and their impact on tax, accounting and audit,” explains the AICPA in unveiling blueprints for the 2024 CPA Exam. What do the 2024 CPA Exam changes mean for accounting practices? You have to sell them.”

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Number of CPA Exam Takers Continues to Dwindle

CPA Practice

Starting in 2024, the redesigned CPA exam places a greater emphasis on technology and analytical skills, as well as on tax, accounting, and audit. Regardless of a candidate’s chosen discipline, this model leads to full CPA licensure, according to the AICPA.

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Friday Footnotes: Accounting’s Big Lie; BDO Poaching; EY Partners Get Whipped | 10.07.22

Going Concern

The focus groups are part of a “whipping operation” aimed at establishing support for the break-up within the partnership, identifying partners who may vote against the proposals so that they can be persuaded to change their minds, according to one person familiar with the firm’s strategy. Firm Watch. ?FRC stood at 3.18 trillion won.

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

Going Concern

A number of accounting firms,1 public companies, professional membership associations and other key stakeholders raised concerns. In addition, in a rare occurrence, PCAOB board members Christina Ho and Duane DesParte — the only two certified public accountants on the board — issued public dissents when the PCAOB issued the proposal.

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AI Systems Take Center Stage in 2023 Innovation Awards

CPA Practice

Several AI systems were among this year’s winners of the Tax & Accounting Technology Innovation Awards, presented annually by CPA Practice Advisor, a technology and practice management resource for public accounting firms. Clients benefit from proactive service, accurate financial insights, and timely tax planning.