Our Obsession with Hours Is Destroying the Accounting Profession

For anyone following our profession, it’s no surprise that there’s been a drastic drop in the number of college students graduating with a degree in accounting, further adding to the years-long decline in new CPAs. But there’s also a more acute problem at the other end of the pipeline, where many midlevel professionals are leaving...

Whether or not you’re on the artificial intelligence (AI) bandwagon, you’ll want to pay attention to the rapid advances in the generative pretrained transformer, better known as GPT, the large learning model used by ChatGPT. About half of all tasks U.S. workers perform could be completed faster by generative AI without losing quality, according to...

Irvine, CA – May 24, 2023 – AuditClub®, the Audit Service Center and creator of the innovative auditors-as-a-service model, announced today needed solutions to help accounting firms succeed in navigating and implementing the AICPA’s new quality management standards. Led by AuditClub chief auditors, AuditClub Compass is a customized three-phase subscription journey built on a risk-based...