Some countries see encouraging signs in accounting pipeline

The accountant shortage remains an acute challenge in the U.S. and other parts of the globe, but some countries may be experiencing a comeback.

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Some countries see encouraging signs in accounting pipeline

The Institute of Management Accountants has been studying the trends in accountants changing employers or leaving the profession altogether, particularly younger people.

In other stories today:

Broker-dealer audits continue to have high deficiency rates

The PCAOB issued its annual report on its audits of brokers and dealers and noted that it's seeing at least one deficiency in 70% of the 103 audit engagements it reviewed in 2023.

Tax practitioners both excited and concerned about gen AI

A recent survey of tax professionals has found that practitioners hold both excitement and concerns about generative AI, though there is slightly more of the latter than the former.

Tax Fraud Blotter: Against the grain

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UBS questioned by senator over $350M tax evasion case

UBS Group AG was asked by a powerful U.S. lawmaker about whether the bank it acquired, Credit Suisse Group, failed to report an American accused of evading taxes on $350 million in income.