This AI Startup Is Training The Next Generation Of Accountants https://t.co/5ZmxEc8rdF https://t.co/gCMj1ktv0k ...

Core Viewpoint - The National Association of State Boards of Accountancy (NASBA) and the American Institute of CPAs (AICPA) have proposed changes to the Statement on Standards for Continuing Professional Education (CPE) Programmes to modernize the framework for CPE development, presentation, measurement, and reporting [1][2]. Group 1: Proposed Changes - The revisions aim to address emerging learning methods and clarify credit-awarding mechanisms to ensure CPE remains relevant to professional practice [2]. - The proposal allows for flexibility to accommodate future learning innovations, with existing CPE programmes compliant with the 2024 Standards remaining eligible for credit under the new proposal [2][3]. - Modifications to the amount of CPE credit for group and self-study programmes are suggested, allowing group programme credit to be earned in one-half or one full credit increments, and self-study programme credit in one-fifth or one-half credit increments [3]. Group 2: Stakeholder Engagement - Stakeholders are invited to review the exposure draft and provide input within a 90-day comment period, ending on 16 December 2025 [3]. - AICPA and NASBA emphasize the importance of ongoing education for CPAs to adapt to changes and uphold service standards, which in turn supports resilient financial systems and global progress [4]. - The proposed revisions reflect collaboration among various committees and stakeholders, highlighting the need for standards to evolve with learning technologies and delivery methods [4].

Deloitte Belgium has elected to integrate Banqup Group’s digital platform into its accounting services for a client base that includes both small and medium-sized enterprises and large organisations. This move aims to modernise the accounting operations and enhance the financial processes of Deloitte's clientele. The alliance will enable Deloitte to manage both incoming and outgoing invoices using Banqup's platform, with an emphasis on the added value of Banqup’s integrated payments solution. Deloitte a ...

Andersen, founded by alumni of shuttered accounting firm Arthur Andersen, is planning to publicly file for its IPO as soon as this week, according to sources https://t.co/tpPQ8eWwmz ...

Core Insights - KPMG, the accounting firm, audited three midsize regional banks that failed in 2023, leading to public belief in their financial soundness shortly before their collapses [1][3] - The Senate Permanent Subcommittee on Investigations report alleges KPMG ignored significant risks at these banks, including liquidity issues at Silicon Valley Bank (SVB) and fraud allegations at Signature Bank [2][3] KPMG's Audit Findings - KPMG provided clean audit opinions for SVB, Signature Bank, and First Republic Bank shortly before their failures, with SVB receiving its opinion just 14 days prior [3][9] - The report indicates KPMG was aware of internal weaknesses at SVB as early as 2022 but failed to disclose these risks in audits [7][8] Specific Bank Issues - SVB's rapid growth concealed risks, including a heavily concentrated customer base and 94% of deposits being uninsured, leading to its collapse and a $23 billion cost to the FDIC [5][6] - Signature Bank faced mortgage fraud allegations that KPMG did not adequately investigate, relying instead on an oral summary from the bank's law firm [10][12] - First Republic Bank's "going concern" analysis raised internal doubts about its survival, but KPMG did not communicate these concerns to the board just days before the bank's failure [14][15] Conflicts of Interest - The report highlights potential conflicts of interest, noting KPMG's long-standing relationships with the banks, which may have compromised auditor independence [16][18] - KPMG earned nearly $20 million in combined fees from the three banks in 2022, raising questions about the influence of financial ties on audit quality [9][16] Recommendations for the Auditing Industry - The report calls for reforms in the auditing industry, including mandatory auditor competition and expanded disclosure requirements from the Public Company Accounting Oversight Board (PCAOB) [17][19] - It suggests establishing a PCAOB whistleblower office to enhance accountability and transparency in the auditing sector [20]

Core Viewpoint - The discussion around quarterly earnings reports is shifting, with President Trump advocating for fewer reports to benefit companies, which could have significant implications for the ecosystem of white-collar jobs that support these earnings processes [2][3][4]. Group 1: Impact on Companies - President Trump has requested the SEC to investigate the potential benefits of reducing the frequency of earnings reports, suggesting that it could save costs and allow management to focus on running their companies [2]. - A survey by Nasdaq indicated that in 2019, 75% of 180 companies favored a transition to semi-annual reporting, highlighting a strong preference within corporate America for fewer earnings disclosures [3]. - Companies have expressed that the costs associated with quarterly earnings reports are substantial, involving extensive preparation and coordination among various teams [4]. Group 2: Implications for White-Collar Jobs - The potential reduction in earnings reports raises questions about the future of white-collar professionals, including investor relations and communications experts, who play a crucial role in conveying a company's financial narrative [5][6]. - Despite the possibility of fewer reports, industry experts believe that the demand for information from investors will not diminish, suggesting that many companies may continue to provide quarterly updates even if allowed to report semi-annually [7]. - The current economic climate and advancements in artificial intelligence are putting additional pressure on white-collar jobs that support the earnings reporting ecosystem [4].

Core Insights - The Association of Chartered Certified Accountants (ACCA) has launched a Virtual Skills platform aimed at assisting professionals in the early stages of their careers [1][4] - The platform provides practical advice and resources focused on job application and interview techniques [1] Group 1: Platform Features - The platform includes a series of concise, on-demand videos covering various aspects of the job search process, including CV creation, LinkedIn profile development, interview attire, and salary discussions [2] - Additionally, the platform offers downloadable virtual flashcards informed by ACCA's research reports, covering topics such as AI, global economic trends, and environmental sustainability [3] Group 2: Strategic Intent - ACCA's brand and marketing director emphasized the organization's commitment to equipping members with necessary skills and knowledge for success, highlighting the platform as a resource for new professionals [4] - The launch follows ACCA's partnership with the Advisory Board Centre, aimed at enhancing members' skill sets to positively impact businesses and communities globally [4]

Core Viewpoint - Cooper Parry is enhancing its team with senior appointments to strengthen its services in the UK and Ireland, positioning itself as a competitive alternative to the Big Four accounting firms [1][4]. Group 1: New Appointments - Nick Hatton has been appointed as partner and head of transaction tax, bringing over 25 years of experience from PricewaterhouseCoopers (PwC) and EY, focusing on the growth of transaction tax services in the private equity mid-market sector [2][4]. - Arif Ahmad has been appointed as regional market leader for Yorkshire & North East and audit relationship partner, with 28 years at PwC, including leadership roles in the Leeds office and private equity [2][3]. - Laura Bevan joins as assurance director, with 12 years at PwC leading the sustainability practice for PwC Wales, specializing in environmental, social, and governance assurance [3]. Group 2: Company Strategy and Vision - Cooper Parry's CEO, Ade Cheatham, emphasizes the firm's commitment to innovation, collaboration, and client impact, indicating that the new leaders are part of a strategy to build a next-generation professional services firm [4]. - The recent acquisition of Fellwood Advisory, a debt advisory firm specializing in the mid-market sector, aligns with Cooper Parry's growth strategy [4].

This AI Startup Is Training The Next Generation Of Accountants https://t.co/UPLpuNS1WW https://t.co/ksYMPrBURK ...

Group 1 - The Beijing International Professional Qualification Directory (2025 Edition) has been updated to include the Chartered Institute of Management Accountants (CIMA)'s Digital Management Accounting (DMA) credential [1] - The DMA Programme aims to equip professionals with skills for digital and data-driven management, aligning with the Chinese Ministry of Finance's 2024 policy directive [2] - DMA credential holders will benefit from a streamlined process for employment, residence, professional title recognition, and social security benefits in Beijing [3] Group 2 - CIMA proposed policy recommendations to enhance Hong Kong's status as a premier financial center and facilitate long-term economic growth [4] - The recommendations include an industrial strategy covering sectors such as business, education, technology, and infrastructure [5]