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Friday Footnotes: EY Partners Are Split on the Split; PCAOB Further Annoys Auditors; Recruiting Events Are Back! | 3.31.23

Going Concern

Big 4 EY Fails to Reach Deal on Split [ Wall Street Journal ] The unexpected revolt that has upended the planned breakup of accounting firm Ernst & Young is being driven by two longtime U.S. auditors who believe their part of the firm could end up weakened by a deal. John King and Frank Mahoney, senior U.S.

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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.

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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.

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Monday Morning Accounting News Brief: EY Morale Is Suffering After Layoffs; Ignoring Audit Quality? | 3.11.24

Going Concern

We’ll be doing an article shortly, in the meantime here are some quotes from INSIDE Public Accounting : Bob Cedergren, MNCPA board chair added, “I can tell you from my own experience, through conversations with colleagues throughout the country and the members of the MNCPA, that we have a significant shortage of CPAs.

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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. A number of accounting firms,1 public companies, professional membership associations and other key stakeholders raised concerns.

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Monday Morning Accounting News Brief: Green Dot Gives Back; More Consulting Cuts Coming? | 6.12.23

Going Concern

Mississippi auditor Shad White issued a report Thursday that said the state’s public universities spent $23.4 In light of all this, as a starting point, I thought it was important for taxpayers to know what public universities are spending on DEI.” As CPAs, we continually face pressure from clients to keep fees “reasonable.”

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Friday Footnotes: Accountant Shortage Ramps Up Work Pressure; Celebrities’ Trusted CPAs; ERC Reverse Card | 12.8.23

Going Concern

Expand the accounting pipeline with a mentorship circle [ Journal of Accountancy ] At a time when the CPA pipeline is running slow, mentoring can be a powerful tool to recruit potentially interested students into accounting and guide them to careers in the profession. The SEC approved the standard on Dec.

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