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MNCPA to Educators: “We Do Not Need New CPAs Who Have Additional College Credits; We Need More CPAs, Period.”

Going Concern

Minnesota Society of CPAs has sent a message to educators in the state regarding legislation that would introduce an alternative pathway to CPA licensure and the message to these stewards of the next generation of accountants is clear: no one is trying to eliminate MAcc programs.

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Friday Footnotes: Crippling Staff Shortages in Consulting; Hold Auditors Accountable; AICPA is Mad | 8.12.22

Going Concern

Hold Auditors Accountable for Complicity in Corporate Fraud [ Bloomberg Tax ] Unfortunately, since the fall of Arthur Anderson in the wake of the Enron scandal, the SEC and PCAOB have often failed to go after auditors playing fast and loose with the rules. Here’s how recruiters and career experts recommend that you proceed.

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

Going Concern

Maginnis recalls early in his career when Newt Becker, founder of the Becker CPA exam prep courses, told him that every year spent in public accounting is the equivalent of two years in private industry. It could be sports and entertainment, tech companies, life science companies.” But by bailing out too soon, you miss it.

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Friday Footnotes: A Plea for More Accountants; Ex-Client Settles With Deloitte; BDO and Mazars Bomb Audits | 7.7.23

Going Concern

Fixing the Crisis in Accounting [ The CPA Journal ] Related to the above post: Individuals, companies, and professional organizations need to be more intentional in getting young people excited about joining the accounting profession. Success in the accounting profession requires significant investments of time, dedication, and perseverance.

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Friday Footnotes: KPMG Pays High Schoolers 20 Bucks an Hour; Deloitte Cyberattacked Too; IRS on ERC | 7.28.23

Going Concern

The combination of too few professionals and high demand is pushing firm leaders to merge up, outsource tax work and hire non-CPAs, among other strategies. I had some preconceived notions that it’s sitting at a desk,” Kimborough said, about being a CPA. appeared first on Going Concern. . appeared first on Going Concern.

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

Going Concern

More Predictions about the Profession’s Future [ The CPA Journal ] Writes Yigal Rechtman, CPA, CFE, CITP, CISM: The current impediments to growth are mostly driven by the perception of prospective entrants to the CPA profession. For example, every startup would benefit immensely from having a CPA among its founders.

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Friday Footnotes: Accountants Are Into AI; KPMG Atlanta MP on ICE T; 150 Hour Inequity | 8.18.23

Going Concern

TSG Entertainment, a film-financing firm, has accused Disney and its subsidiary 20th Century Studios (formerly 20th Century Fox) of breach of contract and self-dealing in a lawsuit filed Tuesday in Los Angeles County Superior Court. is facing labor agitation on two fronts. It’s posting big losses from its streaming businesses.

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