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AICPA Recognizes Top 2022 CPA Exam Performers with Elijah Watt Sells Award

CPA Practice

The American Institute of CPAs has announced the 50 winners of the 2022 Elijah Watt Sells Award. This award is granted to CPA candidates who obtain a cumulative average score above 95.50 across all four sections of the Uniform CPA Examination, pass all four sections on their first attempt and have completed testing in 2022.

CPA 128
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Friday Footnotes: CPA Exam Scares Accounting Majors Away; EY Loses Fees in China | 5.12.23

Going Concern

Fired: job search or CPA exam? In 2021, the Big Four audited a quarter of China’s 98 central SOEs, but EY led the pack earning about 12% of its revenue in the country from these giant corporations. The post Friday Footnotes: CPA Exam Scares Accounting Majors Away; EY Loses Fees in China | 5.12.23

CPA 108
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The 150-Hour Rule: A Case of Quantity Over Quality

Going Concern

note: the following was submitted as a letter to the editor by William Hahn, CPA (Florida and Ohio). One CPA candidate is able to meet the 150-hour requirement by using dual enrollment credits earned five years ago while still in high school. One CPA candidate might take this online course while another takes the 15-week course.

Florida 97
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150 Hour Rule: Let’s Keep Arguing About What Color the Drapes Should Be While the House is Burning Down

Going Concern

Rather, how dueling factions within the profession are fighting for and against keeping it as the only option to CPA licensure. Apparently South Carolina has joined them. Companies, not just CPA firms, are struggling to fill senior accountant roles and jobs for accountants with three to five years of experience.

Minnesota 105
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Whitley Penn Finds Out New Yorkers Do Not F Around

Going Concern

After a frantic search, the Trump Organization settled on the firm of Whitley Penn, LLP (“Whitley Penn”) based out of Fort Worth, Texas to perform audit services, compilation services and tax preparation services, including the preparation of an SOFC for the year 2021. Let’s see what her beef is. ” SO.

New York 109
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Friday Footnotes: Fired Accountant Spills the Dirty Laundry; Scandals of Yore; Gen AI For Good | 1.26.24

Going Concern

Long Read Corporate Self-Oversight [ The American Prospect ] Four auditing firms examine the books of nearly every big U.S. How AI is transforming audit [ Thomson Reuters ] In the past, auditors have heavily relied on manual processes to uncover risks in financial statements and business operations. AI Is your firm keeping pace?

Account 114
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Friday Footnotes: KPMG’s ESG Conflict; PwC Fails to Deliver; FASB Turns Attention to AI | 3.3.23

Going Concern

Bitcoin Miner Marathon Digital to Restate Some Results on Accounting Issues [ CoinDesk ] Marathon Digital (MARA) said it will need to restate portions of its audited 2021 results and currently unaudited quarterly reports from 2022 after an inquiry from the U.S. They also state that digital assets should be backed by a safeguarding asset.