June 24, 2018

Survey says…

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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 […]

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The 20% of Americans Who Would Get an ‘IRS’ Tattoo to Never Pay Taxes Are Getting Off Too Easy

Americans hate paying taxes. This is not news. Why they hate paying taxes is a bit of a mystery. I reckon it has something to do with wanting to piss the money away themselves rather than have police or schools or national parks. Anyway, a survey by WalletHub found that some Americans are so intent […]

However the Presidential Election Goes, CPAs Probably Not Moving to Canada

Trump? Clinton? Bloomberg (write-in)? Another to be named later? None of the above? However this dumpster fire of a presidential election turns out, an AICPA survey found that CFOs, controllers and "other CPA executives" are chill: About 64% say the election will factor into business planning for the next fiscal year to some extent. Twenty-six […]

Apparently Accountants Are Terrible on the Phone

I'm surprised as anyone to learn that this is an actual thing: Only 24 percent of American consumers are satisfied with the way accounting firms handle their phone calls, according to a new survey. The study of 2,234 people, conducted by audio branding specialist PH Media Group, found standards in the accounting industry fell below […]

A Surprising Number of Accountants Think Accountants Are Incredibly Corrupt

A recent survey of 1,696 global accountants from CareersInAudit.com found that accountant don't think too highly of other accountants: [I]t would appear that the accountancy profession is still not squeaky clean with all its working practices. 20% of respondents believe between 10–20% of those in the profession have helped their clients create a set of […]

Here’s Another Lousy Stat on the Number of Women Partners in Accounting Firms

In case you needed another crummy datapoint to help illustrate the gender disparity at the partner level in the accounting profession, this finding from the AICPA's Women’s Initiatives Executive Committee CPA Firm Gender Survey should do the trick: Many firms have non-equity partner tracks that don’t include ownership in the practice. The WIEC survey found […]

CPAs Admit That They’re Not Good Business People

Here's something interesting (hilarious, even) from the Indiana CPA Society's Center of Excellence: CPAs lack a bunch of important skills and they're completely aware of it. The Society conducted a survey of over 600 CPAs across 30 states and found that the profession that constantly goes on about being "trusted advisors" to businesses and entrepreneurs, […]

Deloitte Survey: Auditors’ Use of Technology Does Not Impress

A Deloitte survey of financial executives, financial statement users and audit committee members found that an overwhelming majority — 84%, 70% and 76% respectively — of these people, "believe auditors should use advanced technologies more extensively in performing an audit." Apparently, 21st century auditing is still a few years off. [WSJ] Image: Gnangarra/WIkimedia Commons

SOX Approaching Teens, Behaving Accordingly: Survey

That is, taking up a lot more of companies' time and money:   Nearly 13 years after the passage of the Sarbanes-Oxley Act, the money and time spent to comply with its disclosure requirements continue to increase for companies, according to a new survey.   Sixty-seven percent of the 460 audit executives and professionals polled by the […]

Survey Says: Over Half of Small Businesses Don’t Work With an Accountant At All

Here's an interesting discovery from Xero: 53 percent of small businesses they surveyed "say they don’t work with an accountant at all." So not only are all firms the same, they're not crucial to fledgling businesses? Is this an opportunity or a barrier? Go.