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Barry Melancon to Retire from AICPA

CPA Practice

Barry Melancon, CPA, CGMA, has announced that he will to retire on December 31, 2024, from his role as president and CEO of the American Institute of CPAs and CEO of the Association of International Certified Professional Accountants. Melancon has served in this role for 30 years.

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Friday Footnotes: Tim Ryan Works Too Hard; Fake CPA Gets Violent Over QuickBooks Files; PwC PR | 10.20.23

Going Concern

Local CPA weighs in on accountant shortage [ WMDT ] The Salisbury, MD news spoke to a UHY partner about the issue. CPA at UHY Group Mark Welsh tells 47ABC that recruiting slowing down has meant firms are turning to AI, Bots, and international workers to help fill demand, raising prices as much as ten percent for end-users.

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Friday Footnotes: A (Fake) Day in the Life at Deloitte; DYNAMIC Merger For Grant Thornton; CPA Awareness | 12.9.22

Going Concern

The firm, Horne LLP, is currently facing possible investigation following reports that some employees intentionally mismanaged the administration of a federal $147 million relief fund for Louisiana homeowners, receiving money themselves from the very grant program they were contracted to administer for individuals in actual need.

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What’s new in sales tax?

TaxConnex

The five states with the highest average combined state and local sales tax rates are Tennessee (9.548%), Louisiana (9.547%), Arkansas (9.44%), Washington (9.4%) and Alabama (9.24%). Among highlights: In some cases, local sales taxes exceed state rates. California has the highest statewide sales tax rate, at 7.25%.

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Friday Footnotes: Behemoth Big 4 Firms Get Behemothier; Audits Get Harder; Eliminate Clients! | 11.11.22

Going Concern

It’s just a tough subject area, and you need a fifth year of college education to qualify to sit for the CPA exam. National accounting firm acquires Lafayette-based PRM CPAs + Advisors [ The Acadiana Advocate ]. Scottsdale, Paradise Valley residents merge consulting and accounting firms [ Daily Independent ].

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Friday Footnotes: RSM Layoffs; The Leader Who Cried On His First Day; Advisory Pays Better (Duh) | 5.5.23

Going Concern

Entry-level CPAs in advisory practices are making $11,000 more than CPAs starting out in audit and tax, and $20,000 more than non-CPAs in advisory. The report says CPAs are generally paid more than non-CPAs, but the pay gap between the two shrinks when moving from entry-level to the manager level.

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