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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. According to this Fortune headline , audit quality is the “accounting crisis everybody seems to ignore” and the PCAOB is fighting to fix it. Who’s everybody?

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Docyt Combats U.S. Accountant Shortage with the Launch of Docyt University

CPA Practice

Compounding the problem, an estimated 75% of actively practicing accountants are now eligible for retirement. These and other factors are fueling a projected annual vacancy of approximately 136,400 accounting and auditing jobs, according to the U.S. Bureau of Labor Statistics.

Account 59
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Tenth Anniversary of Blog

Withum

I am teaching Intermediate Accounting this semester at Baruch College, which is my alma mater, and while it is remote, I am starting to have one-on-one Zoom meetings with students, and I find that energizing. While the demand for quality auditing and tax consulting is greater than ever, advisory services are fast-growing.

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What to Look for in an Accountant

MazumaBusinessAccounting

Experienced accountants use the financial data to prepare your business taxes, a task most business owners would be happy to get off their plate. Aside from rote bookkeeping and tax filing, the most significant value-add from a small business accountant is financial analysis and teaching basic accounting concepts.

Account 52
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What to Look for in an Accountant

MazumaBusinessAccounting

Experienced accountants use the financial data to prepare your business taxes, a task most business owners would be happy to get off their plate. Aside from rote bookkeeping and tax filing, the most significant value-add from a small business accountant is financial analysis and teaching basic accounting concepts.

Account 52