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Accounting Groups Call for More Competitive Pay for Government CPAs

CPA Practice

State and local governments are being squeezed by a shortage of accounting professionals, making it difficult at times to find staff CPAs who can prepare critical financial information or outside firms to conduct audits. But accountants who do government work face unique challenges that require more specialized solutions.

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State Societies in Action: Wisconsin Institute of CPAs

CPA Practice

State CPA Societies in Action is a series of articles spotlighting the varied educational, advocacy, networking and professional activities of the state CPA societies across the U.S. To address these critical issues, an intentional and consistent effort is required to encourage younger people to become CPAs. Tammy Hofstede.

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So How Did Your 2024 Predictions For the Accounting Profession Work Out?

Going Concern

The AICPA’s admonishment of honest CPAs to adhere to Circular 130 when it was being flouted for 2 years by fraudsters with no repercussions. Better hands on training/mentoring The tsunami of fraud that occurred with the ERTC and the willfully pitiful attempts to enforce the rules. People need to go to prison.

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How to Turn a Shortage of Accountants Into an Opportunity for Businesses

CPA Practice

The alarm bells in accounting have been ringing for years: fewer people want to join – or stay – in the profession. The American Institute of Certified Public Accountants (AICPA) said in its “2023 Trends” report that the percentage of accounting graduates fell 7.8% Pay a more attractive entry-level accounting salary.

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Monday Morning Accounting News Brief: PwC Consolation Prizes; Al Pacino’s Accountant Ripped Him Off | 10.21.24

Going Concern

Financial reporting data has become extremely structured and repeatable across all enterprises because it’s guided by the standards set out through generally accepted accounting principles (GAAP), which are governed by the Financial Accounting Standards Board (FASB). Everybody measures the same things, in the same way.

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Friday Footnotes: PwC Scandal Somehow Gets More Scandalous; Deloitte Denied in Court; Withum Embiggens in Florida | 11.8.24

Going Concern

Lovesac to settle accounting violation suit brought by SEC for $1.5 29, alleged that former CFO Donna Dellomo and former controller Yoon Um, both CPAs, failed to properly record the cost of shipping finished products from Lovesac’s distribution center to its end customers. District Court for the district of Connecticut on Oct.

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Remaking the partnership model for young accountants

Accounting Today

EDT 7 Min Read Facebook Twitter LinkedIn Email I am optimistic about the "trusted advisor" destination that the accounting profession has marked as its territory, but skeptical of the partnership model as a means of transportation to that promised land. credentialed CPAs in America) and demand (i.e.,