Come join me on the fun side of accounting!
Shadow Workforce
Job seekers have two competitors lurking in the shadows. Contractors and teams outsourced overseas.
Changing of the Guard
Barry was 37 when he became CEO of the AICPA, maybe it's time for another 30 something to take the reigns?
Strength in Letters
Want to be a Millionaire? There’s Strength in these 3 Letters…That’s right, CPA's earn $1 million more in their accounting career than non-CPA's. Nuff said.
Big 4 Oligopoly
Four firms audit 100% of all Fortune 500 companies. A clean audit report from the Big 4 is still seen as the gold standard. It's safe to say, the Big 4’s dominance isn’t threatened by smaller firms.
Pass the Torch
75% of CPA's are at retirement age…It’s time to Pass the Torch. EY is doing just that with it’s reverse mentorship program.
Accounting’s Serial Problem
40% of accountants believe the negative accounting stereotypes are a real barrier to entry. They point to the perception that accountants are stuffy, boring number crunchers that lack creativity.
EY Says No to RTO
EY only requires 2 days a week in the office. That’s a sweet Hybrid deal in a world where 3 days a week has become the norm. Employees say nope.
Blame the Babies
CNBC reports “The declining birth rate also plays a role into the low supply of accountants”
The Power is Yours
Blame the Long Hours: 8,000 Accountants across 148 countries speak up. 61% of respondents admit their mental health suffers because of work pressures.
PwC's quiet layoffs
PwC decided to seek volunteers for their latest round of layoffs. Volunteers were given a script and told to keep it on the DL.
Big 4 makes Big Mistakes
PCAOB grades audit quality.
Deloitte, EY and PwC had an average deficiency rate of about 24%, up from roughly 13% a year earlier.
The Beef with Accounting
There’s no shortage of Beef with the accounting profession 🍽 🥩
One rack of ribs sized problem is the 150 credit requirement. Most people agree, a 5th year of college is costly and unnecessary.
Baker Tilly Sold Out
Baker Tilly sold the majority of the firm to two investment groups. This will end up being the biggest private equity deal for an accounting firm ever.
You + CPA = $1M
You’ll earn $1M more in your accounting career if you get your CPA. Nuff said.
The Genesis of Accounting
Accounting has its roots in the dawn of civilization. A nice reminder that as far back as people conducted business, there was accounting.
KPMG Slashes Hours
Vice chair at KPMG said “We needed to take some of the top off the mountain in January, February and March”