the irs comes in second, says the aicpa pcps.
via aicpa
finding qualified staff is the top issue for all categories of accounting firms except sole practitioners, according to a biennial survey by the american institute of cpas’ firm practice management section.
your value is in the knowledge you have and the relationships and trust you’ve built.
by seth fineberg
at large
the field of accounting, and being an accountant, is challenged on many sides – none more so than the very act of being an accountant. in short, given the demand for new services and the growth in automation for nearly all “tasks,” what does accounting or being an accountant mean anymore?
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let’s be clear: accounting’s literal and metaphorical face is, and needs to be, changing if it is to grow and thrive. this, however, isn’t necessarily a bad thing. but, as we well know, change is not easy or quick. what should encourage accounting professionals is that at this very moment in time, they have the ability to have a say in what accounting, and being an accountant, actually is and could be.
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could some good accountants have spared the nation its hush money trauma?
by 卡塔尔世界杯常规比赛时间 research
analysis and commentary
the donald trump case involving hush money payments indeed centered around accounting practices and the legal implications of how these transactions were recorded. the payments in question, made to silence allegations of extramarital affairs, were scrutinized for potential violations of campaign finance laws and business records.
a 卡塔尔世界杯常规比赛时间 analysis of generally accepted practices and the professional literature demonstrates the grave lapses that led to felony convictions and the essential role good accountants and honest accounting must play in the executive suite.
the lessons – and risks – for accountants are painfully clear.
maybe we should front-load the coolest parts of our profession.
by 卡塔尔世界杯常规比赛时间 research
if you’re wondering why it’s so hard to find and hire qualified accounting professionals, think back to your college days … your first class in accounting, probably something like “principles of accounting.”
obviously you, a future accountant, passed the course, and apparently you found it interesting.
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but that puts you in a minority of students with an interest in business. according to a survey from the center for audit quality, 32 percent of students who chose not to major in accounting said lack of interest or passion was the main reason, and 70 percent said it was at least part of the reason.
no surprise, then, that only one in eight graduates in business areas major in accounting. and that’s down from one in seven in 2016.
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five strategies for keeping your firm out of it.
by 卡塔尔世界杯常规比赛时间 research
is your firm in a doom spiral?
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here’s what it looks like:
and it’s about time the profession took action.
by 卡塔尔世界杯常规比赛时间 research
it’s been with us from the beginning. we can measure it but we can’t see it. it’s our friend and our enemy. it’s infinite, yet we never have enough of it.
and it may be the big leak in the cpa pipeline.
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yes, it’s time.
so concludes the illinois cpa society’s 2024 “re-decoding the decline” survey and report on why the pipeline of incoming accounting talent has been going from dribble to drip.
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four areas ripe for change.
by 卡塔尔世界杯常规比赛时间 research
five ugly facts your firm may need to deal with:
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five notions you can help correct.
by 卡塔尔世界杯常规比赛时间 research
the national pipeline advisory group is worried about the pre-professional pipeline that takes in students at one end and, years later, pumps cpas to a business world that desperately needs them.
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and there’s plenty of reason to worry. the number of students majoring in accountancy is in steady decline, dropping from 75,153 diplomas in 2018 to 62,318 in 2022.
the number of candidates for the cpa exam is also dropping. it dipped 6 percent in 2023 after a 7 percent dip the year before.
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thirty-eight ways to retain personnel.
by 卡塔尔世界杯常规比赛时间 research
a survey conducted by the pennsylvania institute of cpas has come up with some disturbing data.
the survey report almost seems to spin bad news into good. when cpas in pennsylvania who have three to 10 years of experience were asked how strong is their desire to stay in public accounting, 56.7 percent rated their desire at five (out of seven) or higher.
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is that good news or bad? if about half of cpas are reasonably happy with their jobs … what about the other half?
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do talent stats bode well for your firm?
by 卡塔尔世界杯常规比赛时间 research
accountants are unsettled. some are even afraid. so says the report global talent trends 2024, issued by the acca (association of chartered certified accountants, a globally recognized professional accounting body), based on data from 9,889 finance professionals in 157 countries.
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the statistics depict an industry sector on the move and ready to move. only 57 percent of respondents across the industry, which includes a broad spectrum from academia to large corporation to accounting firms large and small, are working full-time in an office. but only 8 percent are full-time remote.
and wherever they are, a lot of them aren’t very happy.
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time is a concern, and so is performance.
by 卡塔尔世界杯常规比赛时间 research
the pipeline of incoming accounting professionals isn’t exactly gushing these days. to the contrary, it has slowed to an inadequate dribble.
the scarcity of qualified professionals makes talent retention more important than ever. it’s far easier and less costly to keep current people on board than to attract and onboard new people.
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but what do they want? what keeps them happily at their current job?
well, for one thing, money.
but these days, that’s not enough.
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firms that overhired in the covid-19 boom are now trimming their ranks.
by 卡塔尔世界杯常规比赛时间 research
despite widespread concerns in the profession about a talent shortage, the largest accounting firms in a new survey are cutting back on their hiring of new college accounting graduates by 16.1 percent this year.
more in staffing & recruiting: employee retention is easier than attraction | payroll leads job gains in tax & accounting sector | disruptors: talent crisis? what talent crisis? | letting staff go after tax season? bad idea | firms culling clients as staffing woes persist | compensation’s up, but up enough to retain staff?
reflecting broader economic uncertainties and budgetary constraints, half of all the biggest firms surveyed are gearing down for a recession, marking a sharp turnaround from the hiring spree sparked by a global pandemic that forced industries across the globe into transformational change, often staffed and driven by the biggest accounting and consulting firms.
five conclusions from a new report.
by 卡塔尔世界杯常规比赛时间 research
the accounting talent pipeline problem isn’t going away. it isn’t even improving.
but it isn’t hopeless.
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a recent report from the pennsylvania institute of cpas points out that, though the problem is big and the obstacles many, cpa firms can, with enough effort, hold on to the talent they’ve got.
and retaining talent is a lot less expensive than trying to attract it.
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