Since February, 29,500 EY employees have had the company pay for their travel expenses, all dependent care costs and all pet care costs so they can be back in the office. Those refunds totaled $22 million for the year to the end of EY’s fiscal year in July. . Maine’s Times Record writes about the shortage of accountants: “They spread the word out of desperation,” said Trish Brigham, executive director of the Maine Society of Certified Public Accountants, of the growing number of cities that have struggling to find help with their audits. “’Do you know anyone; do you know someone? There are simply not enough people with the accounting qualifications and skills to meet the demand. Finding talent in finance is becoming increasingly difficult, with 82% of large employers saying they are struggling, according to Deloitte. Accountants Misbehaving: Pharmacy Owner and Accountant Charged Again with $150 Million Fraud; Former Chicago Construction Company accountant accused of embezzling millions of company funds. Refinery29 highlights a day in the life of an accountant who earns £35,530 a year. The EY and KPMG cheating scandals expose the audit industry’s ethical challenges. Hong Kong’s accounting watchdog is launching a second investigation into Evergrande and PwC. Now the government can take its time in prosecuting PPP loan fraudsters.
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Summer will soon be over and with many of you back in the office, now is a good time to think about how not to get fat in the months ahead. Grab your Nalgene and fill that pup with ice water before diving into the latest from CP Aiden: Back to the Office? Don’t get fat! (Still)
ICYMI: Last week, the NJCPA hosted a webcast on The CPA Pipeline: Challenges and Opportunities for the Profession. There’s a replay this Thursday and if you watch you’ll be able to see at least some of my rubber ducky collection in my office because I was one of the panelists. Long-time veteran of the profession, Jerry Maginnis, was also on the panel, we will be reading his book “Tips for a Successful Career in the Accounting Profession: How to Make Your Assets Far Exceed Your Liabilities” in the coming weeks.
Here’s what we’re working on this week:
- Updated some old salary articles with current numbers
- Diving into hot (and non-hot) credentials for accountants
- We continue to monitor the shortage of accountants as it worsens
- We got our hands on a big pile of salary at EY (if you know, you know)
- Crazy ideas to get more people to take the CPA exam (24 month window, anyone?)
- Did you know? Burnout physically changes your brain
- Let’s help someone on Fishbowl find a girlfriend
Finally, here is a video to melt away your anxiety. Stop playing The Office as background noise while you work and relax, you need it. I hope everyone is having a great week!
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