Going Concern

MARCH 17, 2023

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. We welcome your feedback and questions.

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Going Concern

OCTOBER 21, 2024

ICYMI: American Institute of CPAs (AICPA) and the National Association of State Auditors, Comptrollers and Treasurers (NASACT) suggest state and local governments step it up to beat the talent shortage. Yet salaries and audit fees are often well below those offered in the private sector, the report found.

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Accounting Today

OCTOBER 21, 2024

The American Institute of CPAs teamed up with the National Association of State Auditors, Comptrollers and Treasurers on a joint report calling attention to the urgent need for accountants in state and local governments.

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auditor accountant Account accounted 122

Going Concern

MARCH 31, 2023

auditors who believe their part of the firm could end up weakened by a deal. Stephanie Peters, CEO and president of the Virginia Society of CPAs (VSCPA), seconds that assessment. The state has about 28,000 licensed CPAs, she says, but “even to maintain [those numbers] will be an effort.” John King and Frank Mahoney, senior U.S.

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Going Concern

NOVEMBER 8, 2024

Municipal Messes Delayed audit finds ‘material weaknesses’ in Elton’s finances and procedures [ KPLC (Louisiana)] The town agreed to address such deficiencies including timely adopting an operating budget, hiring someone qualified to prepare financial statements, and submitting required paperwork to the Legislative Auditor’s Office by the due date.

Florida 98

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Going Concern

DECEMBER 1, 2023

CPA Evolution Rise of the cyber CPA: What it means for CISOs [ CSO ] Interesting read on one of the new CPA exam disciplines with a variety of perspectives from the CISO side. Some folks aren’t fans of CPAs edging in on their territory it seems. “Yeah, CPAs and the AICPA.

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Going Concern

SEPTEMBER 1, 2022

The numbers don’t lie: of 658,267 actively licensed CPAs in 53 of the 55 licensing jurisdictions, less than 1% are Black (2020 data), a number that has remained largely unchanged in 40 years. Starting I couldn’t take the kind of paycut to be a entry level field auditor or tax. We won’t argue with you there, dear reader.

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CPA Practice

APRIL 18, 2025

From enhanced accuracy to streamlined workflows, these innovations are transforming the way CPAs and auditors work. Emerging technologies are rapidly changing auditing. But how can you harness the potential of these tools to stay ahead of the curve?

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Going Concern

APRIL 19, 2024

CPAs Have a Branding Problem for the Younger Generation [ CPA Journal ] By Jason L. Ackerman, CPA, CFP, CGMA Probably the hottest topic in the profession over the past few years has been the pipeline problem: Firms can’t find qualified individuals to handle the increasingly complex world that CPAs deal with on an ongoing basis.

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CPA Practice

NOVEMBER 11, 2024

The Future Of AI For Productivity In Public Practice Is Brighter Than Ever Our K2 Enterprises team continues to teach practical AI courses for public practice professionals and industry CPAs. DataSnipper : The Intelligence Automation Platform and Advanced Extraction Suite have provided functional automation to auditors for some time.

accounting firms 111

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CPA Practice

OCTOBER 18, 2024

So Brian, I know that from your perspective, you often introduce yourself as recovering auditor. There actually are the the American Institute of CPAs actually went through, and they have a startup accelerator that they do. So for our auditing friends on the call, talk to me a little bit about accounting memos. Yeah, Brian F.

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CPA Practice

SEPTEMBER 23, 2024

CPAs are essential for financial reporting, advanced tax preparation and other dull-but-important tasks that keep the economy going. These days, the accounting profession is in crisis as CPAs retire and the pipeline to replace them dries up. The health of the capital markets depends on breathing new life into the profession.

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Withum

MAY 9, 2024

However, my role is not just to teach the material but to excite them about accounting as a profession and auditing in particular and share my pride in the vital role auditors play in our ecosystem. In its simplest form, auditors provide an opinion on an organization’s financial statements. And people think we are just numbers people!

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Accounting Today

JUNE 6, 2025

CANADA CPA Canada and FP Canada, Toronto, signed a new memorandum of understanding to enhance collaboration between the accounting and financial planning professions, offering professional accountants who are part of CPA Canada opportunities to enhance their credentials, along with improved access to FP Canada courses and conferences.

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New Jersey Technology Connecticut North Carolina 52

CPA Practice

MARCH 24, 2023

Founded in 1897, the NYSSCPA offers networking opportunities for CPAs, along with CPE courses and conferences, over 50 committees that cover various specializations, and also publishes the CPA Journal. The New York State Society of CPAs has truly become thought leaders in the accounting profession and in finance.

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Going Concern

MARCH 15, 2024

The NYT report’s focus was that private auditors from large firms failed and consistently missed child labor law violations. Auditors moved quickly and left before children arrived for overnight shifts, or they were not sent where minors worked. Fifty-one percent oppose the proposal, compared with 43% who are in favor. Education Sen.

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CPA Practice

NOVEMBER 25, 2024

She is the former Colorado state auditor, having served in that role for 10 years. During her tenure she was recognized for her innovative leadership style and was named one of three “Women to Watch” in the Experienced Leadership category by the Colorado Society of Certified CPAs. Prior to becoming a state auditor, Ms.

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Wisconsin Colorado auditor Oregon 52

Intuitive Accountant

AUGUST 17, 2022

Member firms gain exclusive access to a seasoned team of AICPA and PCAOB auditors through a transformative talent model

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Going Concern

JANUARY 9, 2023

A PCAOB inspections leader offers his insight to auditors at a conference: “The role of the financial statement auditor and the auditing profession continues to be a noble endeavor that has never been more needed and vital to our economic stability and the well-being of our capital markets,” said George Botic, CPA.

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LSLCPAs

JULY 17, 2024

The post Through the Auditor Lens: Mastering AR Reconciliations for Year-End Close appeared first on LSL CPAs. In case you missed it – this article will overview best.

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Going Concern

NOVEMBER 24, 2023

Boulder Valley CPAs and Accountability Services Announce Strategic Merger [ EIN Presswire ] Ernie Villany, Founder and Managing Partner of Boulder Valley CPAs, remarked, “We’ve invested significantly to transition our business model to become the proactive strategic advisors our clients need. .”

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LSLCPAs

AUGUST 27, 2024

LSL Webinar “Back to Basics | Put the Pieces Together: A Guide to Bank Reconciliations” presented by Louis Li and Riley Greenlee, CPA outlined the fundamentals of performing accurate and efficient bank reconciliations to streamline the process for local government finance departments.

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Going Concern

NOVEMBER 13, 2023

This is the largest administrative penalty the Texas Board has ever assessed against a CPA firm. Earlier: How Exactly Did EY Auditors Cheat on CPE Exams? The SEC had further determined that EY had withheld this misconduct from the SEC staff who were involved in the investigation. That’s it. That’s the press release.

Texas 111

Texas CPA accountant Account 111

LSLCPAs

FEBRUARY 13, 2023

Don’t wait until the last minute to get these five documents if you’re changing 401(k) auditors. The post Five Documents You Need If You’re Changing 401(k) Auditors appeared first on LSL CPAs. Accountants really do like to make people’s lives easier.

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auditor cpas accountant Account 52

Going Concern

SEPTEMBER 19, 2024

FTX hired both Armanino and Prager Metis to audit their 2020 and 2021 financial statements (a totally normal thing to do because who doesn’t love getting a train run on you by auditors) which suddenly put a spotlight on the metaverse’s first accounting firm.

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Going Concern

JANUARY 12, 2024

Long Reads How Auditor Deloitte Missed A Nigerian Company’s Massive Fraud [ Forbes ] Hindenburg Research, known for sniffing out corporate scams, took aim in June at an obscure Nigeria-based outfit named Tingo Group. These issues were apparently not glaring enough for the company’s auditor, however.” Tingo paid $1.6 in 2021/22.

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Going Concern

FEBRUARY 3, 2023

Ironically, Ergo’s auditor is Mazars, a big rival of Grant Thornton among the second tier of Irish accounting firms. Grant Thornton were auditors until McCann became Ergo’s chairman in 2015. When I went on the board here we had to resign as auditors.” The number of non-CPA professionals employed by the St.

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CPA Practice

APRIL 7, 2023

Despite high demand for CPAs, accounting firms struggle to hire accountants. In 2021, there was a 17 percent drop in employed accountants and auditors from a 2019 peak, according to a Bloomberg Tax analysis. By Cameron White.

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CPA Practice

JUNE 4, 2024

Nearman, Maynard, Vallez CPAs’ four partners— Chris Vallez, Jennifer Hoskins, Ellen Vargo and Lynn Franzosa—are now principals at Doeren Mayhew and, along with their employees, will join the firm’s Financial Institutions Group practice. 1 spot as the leading credit union auditor in the U.S., The firm continually ranks in the No.

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CPA Practice

OCTOBER 10, 2023

Over the past two years, more than 300,000 accountants and auditors have left their positions, marking a 17% decline from the peak of the profession a few years ago. The retirement of CPAs contributes to the shortage of qualified tax practitioners, with nearly 75% of the workforce in 2020 reaching retirement age, according to the AICPA.

Technology 105

Technology accounting firms accountant Account 105

Accounting Today

JUNE 10, 2024

The Public Company Accounting Oversight Board levied sanctions and $150,000 in penalties against L&L CPAs and three of its auditors for violating its rules and standards.

Florida 78

Florida audit auditor cpas 78

CPA Practice

APRIL 3, 2023

Despite high demand for CPAs, accounting firms struggle to hire accountants. In 2021, there was a 17 percent drop in employed accountants and auditors from a 2019 peak, according to a Bloomberg Tax analysis. By Cameron White.

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accounting firms CPA Technology accountant 135

CPA Practice

MAY 18, 2023

There’s plenty of accounting jobs out there that need to be filled— more than 300,000 accountants and auditors have left the profession in the past few years. The plan, which builds on earlier drafts to create a nationwide CPA pipeline strategy, will be presented next week at the spring meeting of the AICPA’s governing council.

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LSLCPAs

AUGUST 13, 2024

The post Preparing for Auditors: Best Practices and Key Workpapers for Long-Term Debt, Accounts Payable, and Accrued Liabilities appeared first on LSL CPAs.

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Going Concern

JUNE 9, 2022

Enrollments in accounting majors and the quantity of newly minted CPAs are both down. Th is means that to field a sufficient number of professionals to serve ESG attestation clients, the audit firms are planning to borrow from a population of surplus auditors that doesn’t exist. The opportunity in front of the PCAOB.

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AdviceForTaxpreparers

SEPTEMBER 8, 2020

Issue 3: I am an accounting major, auditor, or I don’t have enough experience in tax to promote the book. Facebook, Twitter, LinkedIn, talking directly to CPAs, accounting majors, accounting teachers, etc.). You could promote the book for ten minutes every six months or spend hours every weekend. The choice is up to you. That’s fine.

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Going Concern

FEBRUARY 17, 2023

If I was a society CEO and I had some members who were having trouble hiring CPAs knocking on my door, I would be trying to react. The 150 hour rule is not a dam holding back a flood of people who would become CPAs if only 150 weren’t blocking the way. note: We agree. EFFECTIVE DATE. This section is effective July 1, 2023.

Minnesota 119

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