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The Accountant Shortage is a Material Weakness Now

Going Concern

WSJ: The widening shortage of accountants has begun showing up in financial statements. We have engaged a leading public accounting firm to support this work. We are also actively developing and implementing a comprehensive remediation plan.

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CPA Firm Managing Partner Weighs in on How to Rebuild the Talent Pipeline

CPA Practice

That’s it, you sit at a desk all day and crunch numbers, and that’s not true either, particularly if you’re in public accounting or doing consulting work for clients. They explain what accounting is, why it’s important, and here’s why it’s a good foundation regardless of what career path you follow or what profession you choose.

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If You’re Looking For Career Options, Give Government Auditing a Look

Going Concern

It’s not just about financial statements and ledgers. Oh no, it’s a whole other game. The work you do isn’t to enrich the partner down the hall who made you return to the office so he can get another Porsche. Ever thought about the unique hustle of government auditing?

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

Going Concern

State CPA institute says proposed rule change would put audit professionals at risk [ Central Penn Business Journal ] A new proposal by the Public Company Accounting Oversight Board (PCAOB) has the Pennsylvania Institute of Certified Public Accountants up in arms. in that time.

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Making Strategy A Numbers Game

PYMNTS

EJ: There’s a big misconception that, as CFOs, all we do is pay bills, collect money and publish financial statements. Ed’s accomplishments include guiding private companies through private and public equity offerings, mergers and acquisitions and the development of financial strategies for growth. Ed received his B.S.

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Friday Footnotes: EY’s Six CEO Candidates; Deloitte UK Partner Payouts Increase Again; IIA Gets Their Way | 9.29.23

Going Concern

EY sets up six-way race to lead firm after break-up failure [ Financial Times ] The candidates include the leader of EY’s Canadian business and the heads of its American consulting and financial services practices, said people familiar with the list, setting up multiple challenges to the early frontrunner Andy Baldwin, a longtime Di Sibio deputy.

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Guide to accountant responsibilities

ThomsonReuters

Some of the key accounting assumptions — which are beneficial for the entity, its management, as well as for those reading the financial statements — include the reliability assumption, accrual assumption, and economic entity assumption, to name a few. Accountant vs. CPA vs. tax preparer: What are the differences?

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