Accounting
Number of CPA Exam Takers Continues to Dwindle
The number of candidates who took the Uniform CPA Examination in 2022 was about 67,000, down from 72,000 in 2021.
Jason Bramwell
Jason Bramwell is senior staff writer for CPA Practice Advisor. He has nearly 25 years of professional writing experience, the last nine covering the accounting profession. He most recently was a staff writer and editor at Going Concern, and he previously spent five years as a staff writer and editor at AccountingWEB. He can be reached by email at jbramwell@cpapracticeadvisor.com.
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Firm Management
Accountants Shy Away From Talking to Their Bosses About Mental Health
Accounting ranked eighth out of nine industries with 23% of employees willing to discuss their mental health, a survey revealed.
Firm Management
Grant Thornton is the Latest Large Firm to Get Rid of Staff
Grant Thornton let 300 employees in its advisory and tax services practices know on Thursday that they were losing their jobs.
Taxes
IRS Has Done a Better Job Nipping Tax ID Theft in the Bud This Filing Season
As of March 2, the IRS flagged 1.1 million tax returns with $6.3 billion in refunds for potential identity fraud, said TIGTA in a new report.
Taxes
No Change in IRS Interest Rates for Q3 2023
Beginning on July 1, the rate for overpayments and underpayments for individuals will be 7% per year, compounded daily.
Auditing
PCAOB Has a Batch of New Projects in the Works
The audit regulator revised its standard-setting agenda to include four new projects—two considered short-term and two mid-term.
Taxes
IRS Is Developing Its Own Free Tax Preparation System
The agency said on Tuesday it is taking steps to test out an IRS-run e-filing system called “Direct File” starting next year.
Accounting
AICPA Says it Has a Plan to Fix the CPA Talent Shortage
With its Pipeline Acceleration Plan, the AICPA said it has a framework in place to make accounting more appealing to students.
Taxes
IRS Bumps Up HSA Contribution Limits for 2024
The new inflation-adjusted amounts mean employees will be able to put more money in their HSAs next year than this year.
Firm Management
Aprio is Merging in Two East Coast CPA Firms
The deals with New Jersey-based Tobin & Collins and Maryland-based Squire, Lemkin + Company are expected to close June 1.
Taxes
IRS Chief Daniel Werfel Says He Is 'Deeply Concerned' About Racial Bias in Audits
An academic study revealed that Black Americans are up to five times more likely to be audited than taxpayers of other races.
Auditing
Top 20 Firm Leads IPO Auditor Market Share in Q1 2023
Twenty-five different firms audited the 46 IPOs completed in the first quarter of this year, with one firm's seven leading the way.