Is the profession damaging its own pipeline?
Accounting Today
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The Illinois CPA Society's "Re-Decoding the Decline" report shows that time is the top barrier to CPA licensure, not the 150 credit-hour rule.
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Twenty-five percent of respondents cited the workload time commitments to study for and pass the CPA exam as the leading barrier to achieving certification.
In other stories today:
A KPMG survey found 72% of companies are using AI in their financial reporting process to some extent, and executives expect auditors will start examining controls around the technology.
The American Institute of CPAs' Auditing Standards Board voted to approve a set of revisions to the rules for attestation engagements to align them with the AICPA's quality management standards.
Proposals to crack down on private placement insurance contracts aren't close to becoming law. Here's how advisors and their clients can use them for the time being.
Wolters Kluwer launched a Regulatory Violations Intelligence Index tracking penalties against U.S. financial services institutions.
This beauty's a steal; what a Lady; medical miscreants; and other highlights of recent tax cases.