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Does the 150 Hour Rule Provide Value to the Profession or to Students as Future CPAs? No, Says Professor

Going Concern

As you know, there is a battle brewing in his state over adding a second pathway to CPA licensure that would allow Minnesota candidates to be licensed with 120 units and additional work experience, a move the AICPA has publicly (and privately, we hear) spoken out against. When that barrier is reduced, more candidates will take the exam.

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Los Angeles-Based CPA Firm Receives High Praise from Accounting Today

KROST

KROST CPAs and Consultants, Los Angeles-based firm, receives two new accolades from Accounting Today , Top 100 Firms, and Fastest-Growing Firms in the U.S. Additionally, the firm ranked No. 11 on the Regional Leaders on the West Coast which includes firms in California, Nevada, Oregon, and Washington.

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Friday Footnotes: The ERC Problem; EY Double Dips; Stress Less in Public Accounting | 5.26.23

Going Concern

Long Read How a Pandemic-Era Program Became a Magnet for Fraud [ New York Times ] Amid the onset of the pandemic in 2020, as large swaths of the economy went into lockdown, Washington set up various programs to help keep businesses and their workers afloat. ” We’re entering what is shaping up to be the Forever Labor Shortage.

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Friday Footnotes: Look What You Did, PwC; No Lakehouse This Year; India Wants Its Own Big 4 | 5.3.24

Going Concern

Practice The PCPS CPA Firm Top Issues Survey is open! AICPA via Twitter ] Link to the survey on Qualtrics The past few years have brought unprecedented change to accounting firms. We are working on these five fronts so as to empower Indian firms to become global,” said ICAI President Ranjeet Kumar Agarwal.

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AuditClub Appoints PwC Veteran in Leadership Expansion

CPA Practice

In this newly created role, Yujuico, a Certified Public Accountant, will oversee day-to-day activities of the growing team of chief auditors, crew and cadets. It’s an incredible time to join AuditClub in its mission to make accounting and auditing better,” says Yujuico. “I

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Friday Footnotes: PwC Isn’t Getting a Redemption; Just Say No to NOCLAR; Oh, Layoffs? | 3.15.24

Going Concern

KPMG layoffs by u/corpslave_1998 in Big4 Deloitte fights for another shot at $789M SHARKCAGE cyber contract [ Washington Technology ] Deloitte wants back into the competition for a $789 million Navy contract that was captured by Accenture. This legislation is supported by State Auditor Julie Blaha and the Minnesota Society of CPAs. “In

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Monday Morning Accounting News Brief: Tax Fees Up, Coolness Still Down; | ‘Lavish’ ERC Mill Hit With a Lawsuit | 1.8.24

Going Concern

The AICPA looked at several key performance indicators of public accounting firms. 10 (May 2, 2023), the Tax Court dismissed a case for lack of subject-matter jurisdiction where the taxpayer had electronically filed a petition five minutes late in the time zone where the court was located (Washington, D.C.). In Sanders v.

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