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Tuesday Morning Accounting News Brief: CPA Numbers Are Abysmal; PwC Blocked Government Inquiry | 5.30.23

Going Concern

The number of people taking CPA exams in 2022 was just over 67,000, down from 72,000 in 2021 and short of the institute’s forecast of 74,000, according to a note in AICPA’s annual report published this month. Details shared among the AICPA’s governing council showed that even that figure was flattered by candidates from overseas.

CPA 76
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A New Zealand Accountant Took Client Retention to a Whole Other, Insane Level

Going Concern

It appears all of this (alleged) behavior stems from the accountant not wanting to lose her clients and lashing out at them when they tried to call things quits. ” The client was a bakery that ran into problems when they tried to switch to a different accountant.

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B2B Payment Terms In Flux Amid Market Volatility

PYMNTS

recent reports in the Financial Times said the Cabinet Office has encouraged all public entities, including government departments, hospitals, councils and schools, to continue their supplier payments and coordinate with their vendor bases. In the U.K., million businesses in the U.K.

B2B 89
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Friday Footnotes: Accounting AI Explodes; SOX Compliance Sux; KPMG Gets on a List | 6.17.22

Going Concern

ICAN to attract youths to accounting profession [ Punch Ng ] Meanwhile in Nigeria…sound familiar? The post Friday Footnotes: Accounting AI Explodes; SOX Compliance Sux; KPMG Gets on a List | 6.17.22 appeared first on Going Concern.

Account 52
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As CPA Canada’s Collaboration Accord Fails to Collaborate, Who Gets the Profession’s Credibility in the Divorce?

Going Concern

Canadian Accountant explains it better than anyone here could : The move comes exactly 10 years after the former Institute of Chartered Accountants of Ontario announced the creation of Chartered Professional Accountants of Ontario. may “gut” the program of electives and the national accounting exam.

CPA 56
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UK Accounting Watchdog Ramps Up Fines

PYMNTS

Scrutiny of the FRC ramped up earlier this year, following a government probe into the collapse of contractor Carillion. The watchdog and the nation’s pensions regulator were “united in their feebleness and timidity,” a U.K. Meanwhile, other lawmakers have called on the FTC and the U.K.’s Michael Izza, head of the U.K.

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Friday Footnotes: Working Late; The Year of the ESOP?; It’s Not Layoffs, It’s “Repositioning” | 1.5.24

Going Concern

An expert in ethical finance in City’s Department for International Politics, Atul’s research focuses on finance, accounting, corporate governance and regulation. I am fortunate to have been raised in a tradition and culture of ethical accounting,” he says. Shah, Visiting Lecturer at City, University of London.