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Monday Morning Accounting News Brief: EY Morale Is Suffering After Layoffs; Ignoring Audit Quality? | 3.11.24

Going Concern

Minnesota’s proposal to add a second pathway to CPA licensure that doesn’t require 150 hours of education is moving forward in the MN Senate. The work continues to grow but the supply of CPAs to do the work isn’t keeping up. … EY laid off 150 people three days before Christmas last year. We need to move forward.

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Gaining More Value with Virtual Accounting

AccountingDepartment

Virtual Accounting Is More Than a CPA. Many smaller businesses only have a CPA that handles their tax return. They might hand over a spreadsheet and a box of receipts and then the CPA does all the work. The CPA will often provide some tips on how to lower next year’s tax bill, but then it’s goodbye until next year.

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