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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 American Institute of Certified Public Accountants, one of the organizations asserting itself in Minnesota, does not care. It prefers the status quo.

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Our Obsession with Hours Is Destroying the Accounting Profession

CPA Practice

By Blake Oliver, CPA, and Chris Vanover, CPA. 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. Senior associates work 256.

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New Jersey CPA Society to Host Convention on June 13-16 in Atlantic City

CPA Practice

The New Jersey Society of Certified Public Accountants (NJCPA) will host its 2023 Convention & Expo, themed “Breaking Through,” at the Borgata in Atlantic City June 13-16. A cybersecurity roundtable discussion will also take place on how to protect one’s business and self against cyber breaches.

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Los Angeles Tax Services

MyIRSRelief

They can also help to ensure that your return is accurate and free from errors, which can avoid the risk of audits and fines from the Internal Revenue Service (IRS). This may involve working with a tax attorney, certified public accountant (CPA), or enrolled agent (EA). Contact us today for all you tax needs.

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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. The administration did not present a budget for Internal Audit during the hearings. Following is a summary of the key areas of comment.

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Listen Up, Young Accountants: Career Advice For Sticking Out Those Early Years

Going Concern

Let’s say they’re in public accounting, and they get assigned to an engagement with a manager or client they don’t particularly like,” asked Maginnis. “Or But too often, young CPAs flee public accounting for what they believe are the greener pastures of industry and miss out on that learning and development. “The

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Friday Footnotes: Consulting Gets Bumpy for New Hires; Cities Sans Accountants; PCAOB Priorities | 4.21.23

Going Concern

Professor Laura Empson of Bayes Business School retells how these audit firms were beguiled by the glamour and big fees of corporate advisory work. ” Audit PCAOB reveals priorities for 2023 inspections [ Journal of Accountancy ] The PCAOB shared its list of priorities for 2023 audit inspections in a staff report released Monday.

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