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Is your firm overpaying for external hires?

Accounting Today

With accounting talent in short supply, many firms are paying a premium for external hires instead of promoting their internal talent. My firms compensation data, collected in 2024 and 2025, shows that accounting firms paid 7% more to bring in outside senior analysts in tax and audit than they paid internal staff in the same positions.

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Two-thirds of clients ready to change auditors

Accounting Today

audit clients are ready to change firms within the next three years, according to a new report. audit clients are ready to change firms within the next three years, according to a new report. Inflos "Creating a New Audit Experience for U.S. EDT 2 Min Read Facebook Twitter LinkedIn Email More than two-thirds (70%) of U.S.

Auditing 147
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The next generation's view of risk management: career or steppingstone?

Accounting Today

EDT 4 Min Read Facebook Twitter LinkedIn Email A great benefit of my five-decade career in internal auditing and risk management is the opportunity to work with young people. One of the biggest challenges facing internal auditing and accounting is recruiting the next generation of workers to each respective profession.

Auditing 189
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IMA expands competency framework for accountants

Accounting Today

EDT 1 Min Read Facebook Twitter LinkedIn Email The Institute of Management Accountants is expanding its competency framework for accounting and financial professionals. "Its Its built to reflect where accounting and finance are going, not just where theyve been, and the skills and competencies required for success.

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Boomer's Blueprint: 4 ways algorithms can improve your firm

Accounting Today

Identify opportunities Assess pain points in tax, audit, scheduling, and advisory workflows. Audit data preparation : Use algorithms to download client data, generate trial balances, and perform risk analysis. Identify routine tasks that consume excessive time during peak periods.

CPA 147
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Tech news: Bloomberg announces new features for AI Assistant

Accounting Today

Advisory and audit solutions provider Fieldguide announced that BDO Belgium has selected Fieldguides end-to-end engagement platform as the foundation for the firms next chapter of technology-driven client services. Ryans solution automates this process using statistical sampling in accordance with IRS Rev.

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Tax Fraud Blotter: Negative waves

Accounting Today

By Michael Cohn June 18 Accounting CIMA names new president The Chartered Institute of Management Accountants named John Graham as its next president, succeeding Simon Bittlestone, effective today.

Tax 173