June 24, 2018

AICPA

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The Number of Women Partners in Accounting Firms Is Still Abysmal

Earlier this month, the AICPA Women’s Initiatives Executive Committee (WIEC) issued its second CPA Firm Gender Study and its findings are not encouraging. The survey found that partnership on average remains overwhelmingly male. The current survey shows little change from studies done in years past, which have typically found less than one-quarter of the partnership […]

AICPA Trends Report Finds Enrollment in Master’s Programs, Hiring by CPA Firms Taking a Breather

The AICPA released its much anticipated 2017 Trends In the Supply of Accounting Graduates and the Demand for Public Accounting Recruits (“AICPA Trends” or “TSAGDPAR” for those of you who can’t resist an acronym) report today, and it shows two major developments: 1) A dropoff in enrollment for master’s in accounting programs; 2) Slower hiring […]

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The AICPA Is Trying to Innovate You Right Out of a Job

As we are all painfully aware, the accounting industry isn’t exactly known for its groundbreaking commitment to early adoption and innovation. Despite its over 150-year history of being reactive and clinging desperately to the way things have always been, the AICPA announced this week a new initiative that hopes to fund important accounting startups. The […]

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Here’s a Photo of Barry Melancon After He Got Lei’d

There are countless photos out there of AICPA CEO, President, and ham radio operator Barry Melancon (aka “Bean Picker”) gesturing excitedly this way and that as he explains the future of the CPA profession for captive audiences everywhere. Yet for all the snaps of the benevolent overlord of the world’s most powerful accounting biker gang, […]

Here’s a Photo of AICPA CEO Barry Melancon Having the Most Interesting Conversation of His Life

I have no idea what AICPA CEO, President and street taco eating champion Barry Melancon is thinking in the above photo, but he couldn’t be more rapt with what this woman has to say. The caption from the Wyoming Society of CPAs website reads: “Break-time Alexandra Wilkinson explaining a case to Barry Melancon.” And sure, […]

H&R Block Will See AICPA’s Sternly-Worded Letters and Raise You a Kitten

In case you missed it because no one really cares, the eggheads over at the AICPA have been engaged in a feud with the pot-stirrers over at H&R Block, presumably because the AICPA thinks more average Joes should engage the services of a large accounting firm to process their 1040s rather than some guy named […]

Gen Z Attention Spans Officially on AICPA’s Radar

I don’t know what AICPA President, CEO and Electoral College Dropout Barry Melancon was getting at here, but it’s safe to say that he wasn’t plugging this as a virtue of the next crop of talent. Melancon: Attention span of the average member of Gen Z is 8 seconds. #roundtable17 — Daniel Hood (@AccountingEdit) February […]

Drones Set to Disrupt the “Ideas Accounting Firms Won’t Pursue” Niche

In a recent Journal of Accountancy piece, a bunch of people with way too much time on their hands to consider things that will never happen seem to think that drones are the next wave of innovation for accounting firms. Mind you, it was only a few years ago that one Big 4 firm made […]

Is it Bye-Bye-Bye to SOC 2?

I wish…. While the SOC 2 isn’t exactly going away, the AICPA is in the process of giving it a major revamp. Maybe we can call it SOC Version 2.1? And, it’s about time! Back in June, I grappled with the flaws of the current Service Organization Control (SOC) reporting system: Don’t get me wrong. […]

Accounting News Roundup: Executive Impersonation Scams and Thankless Jobs | 09.22.16

AICPA to the rescue By now you've likely heard about the scam where an unsuspecting accountant receives an email from a high-ranking executive, usually a CFO, requesting a large wire transfer. The dutiful accountant doesn't want to keep the boss waiting so he or she makes the transfer toot sweet only to learn later that […]