With an alarming shortage of recruits, the US accounting profession is significantly transforming. Driven by the demands of Millennials and Gen Z, the American Institute of Certified Public Accountants (AICPA) has made substantial changes to the CPA exam. It is…
Tag: Accounting firms
How to Build a Team of ‘Appropriately Skeptical’ Financial Statement Auditors
A new study identifies the characteristics that make auditing professionals more likely to reward skepticism in the people they supervise, which is associated with an increased likelihood of identifying potential fraud during the auditing process.
Tax partner matters more than accounting firm when doing a business’ taxes
Accounting firms like to advertise the array of services they offer to save clients money on their taxes, but a new study from the University of Iowa’s Tippie College of Business finds the firm and its services aren’t nearly as important as the tax partner leading the engagement team.