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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 95
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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

The parliamentary scrutiny made household names of high-fliers who had become used to operating under the radar of public opinion or corporate accountability. An expert in ethical finance in City’s Department for International Politics, Atul’s research focuses on finance, accounting, corporate governance and regulation.