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KPMG Redefines Excellence in the Age of AI By Using AI to Pump Out Dubious Citations in This Now-Removed Report

GPTZero, the folks who brought you this glorious takedown of an EY Canada report stuffed with completely made up sources, are back at it again and this time they've caught…

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FRC To Determine Whether Missing a £30 Million Overstatement Was, In Fact, Bad Auditing

The Financial Reporting Council announced today that they're officially investigating PwC UK's 2024 audit of WH Smith which means fines and hand-slaps are likely forthcoming once that gets wrapped up.…

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Compensation Watch ’26: Deloitte Salary Numbers Are Out and Some People Are Salty

Compensation threads were once a yearly tradition here at Going Concern many, many, many years ago but at some point Reddit took over the task so we've swung over there…

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The Department of War Broke Up with KPMG, KPMG Gives Up Federal Audits Altogether (UPDATED)

This post was originally published on April 29, 2026 and updated on June 3, 2026. Update below the original article text. The other day -- and by the other day…

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KPMGers Are Maliciously Complying With The Firm’s AI Usage Requirements By Generating Fluff

On May 4, Business Insider published an article about KPMG's new AI dashboard. They've been publishing several articles in recent weeks about KPMG's AI initiatives actually, like the tax simulation…

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News

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Monday Morning Accounting News Brief: Oh Rats! The IRS Is Infested; PwC Partners Will Divorce If It Spares Their Cash | 6.15.26

Good morning, capital markets servants. Everyone have a good weekend? Good. Got some news for you. In this news briefThe IRS Phone Bank Pays HOW Much!?Getting Divorced Over an Audit…

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Rumor Has It RSM Asked Some Partners to Dip Out

By "rumor" we mean actual rumors flying and making their way to your friendly neighborhood accounting tabloid. Seeing as we've now received this tip from multiple tipsters it feels like…

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Friday Footnotes: Great, KPMG Got the Whole Big 4 in Trouble; Pentagon Brings in Agentic AI to Address Their Audit Problems | 6.12.26

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you're here, subscribe to our newsletter to…

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Crowe Told Its People Private Equity Might Be Coming So They Didn’t Have to Find Out Through a WSJ Article (UPDATE)

Ed. note: This article was originally published on October 9, 2025. It was updated on June 12, 2026 after WSJ published an exclusive article announcing a private equity deal. Update…

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The One Firm Willing to Audit Madison County’s Books Just Said “On Second Thought, Hell Nah”

All across the country, municipalities are scrambling to catch up on late audits that have been backing up for years and dealing with the disastrous financial records that come with…

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Technology

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error on a phone screen

KPMG Redefines Excellence in the Age of AI By Using AI to Pump Out Dubious Citations in This Now-Removed Report

GPTZero, the folks who brought you this glorious takedown of an EY Canada report stuffed with completely made up sources, are back at it again and this time they've caught…

Read More
woman and cat with laptop

KPMGers Are Maliciously Complying With The Firm’s AI Usage Requirements By Generating Fluff

On May 4, Business Insider published an article about KPMG's new AI dashboard. They've been publishing several articles in recent weeks about KPMG's AI initiatives actually, like the tax simulation…

Read More
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Starbucks Kills Off Its Automated Counting AI Tool After Just 9 Months Because It Sucked at Counting Beans

While people outside of the accounting profession continue to smugly insist that accountants will be out of work in 12 months 18 months two years five years any day now…

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EY Gets Busted and Yeets Report Littered With AI Hallucinations

Yesterday we received a news release from a communications firm working for a group called GPTZero. Now you should know that we receive probably a hundred or more news releases…

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KPMG Plans to Hand Routine Testing Off to AI

Did you happen to see this WSJ article from the other day? In "In This Critical Part of Audits, the Accountant’s Role Is Shrinking Fast," we're given a look into…

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Practice Management

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Top Remote Tax and Accounting Candidates of the Week | October 16, 2025

Struggling to Find Remote Accounting or Tax Talent? We’ve Got You Covered.If your firm or internal team is having a tough time sourcing qualified remote tax and accounting professionals, you're…

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Top Remote Tax and Accounting Candidates of the Week | October 2, 2025

Struggling to Find Remote Accounting or Tax Talent? We’ve Got You Covered.If your firm or internal team is having a tough time sourcing qualified remote tax and accounting professionals, you're…

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Top Remote Tax and Accounting Candidates of the Week | September 25, 2025

Struggling to Find Remote Accounting or Tax Talent? We’ve Got You Covered.If your firm or internal team is having a tough time sourcing qualified remote tax and accounting professionals, you're…

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Top Remote Tax and Accounting Candidates of the Week | September 18, 2025

Struggling to Find Remote Accounting or Tax Talent? We’ve Got You Covered.If your firm or internal team is having a tough time sourcing qualified remote tax and accounting professionals, you're…

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Top Remote Tax and Accounting Candidates of the Week | September 4, 2025

Struggling to Find Remote Accounting Talent? We’ve Got You Covered. If your firm or internal team is having a tough time sourcing qualified remote tax and accounting professionals, you're not…

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Quick Reads

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Here Are Tax and Audit Salaries at Top 25, Top 300, and Regional Firms

Recruiting firm Brewer Morris has released its 2025 US CPA salary guide and should you want to read the whole thing you can request it from them here. Perhaps you,…

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Friendly Reminder Not to Work Yourself to Death For This Profession

Saw this on the bird app yesterday and thought its message would be worth passing along what with 20 days remaining until April 15 and nerves as strained as ever…

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Accounting Firm Abruptly Nopes Out of Tax Season Early (UPDATE)

Ed. note: An earlier version of this article's headline stated the sheriff is investigating. The Alexander County Sheriff's Office informed us they are not investigating, only fielding calls from the…

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This Deloitte Office Has Eliminated Trash Cans at Desks to Make Staff Get Up Off Their Asses

Boston Business Journal wrote an article about Deloitte's new office in Boston and for some reason they chose to lead with this: You won’t find trash cans at the desks…

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The IRS Decided to Troll Tax Pros For 10/15

We realize the decision to run maintenance on IRS systems likely isn't made by anyone who understands deadlines but surely someone who does could inform the IT department of these…

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Top Remote Accounting Freelancers: February 3, 2024

Looking to staff up for a season or hire a freelancer for a project? Accountingfly is ready to partner with you! Gain full access to a pool of highly skilled…

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10 Essential Project Management Principles for Accounting Firms

Every accounting firm struggles with project management, with smaller practices that are rapidly expanding taking the brunt of the damage. As your firm adds new clients, takes on more work,…

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6 Ways Email is Secretly Destroying Your Accounting Firm

Email: The word itself sounds innocent, doesn't it? Kind of like "snail mail," but faster, sleeker, and without the slimy trail. But don't be fooled—email is secretly a sinister beast,…

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Don’t Grow Your Accounting Firm Out of Business! Break Up With These Unscalable Practices Now

Business growth is always a high priority for accounting firms, especially small-to-midsize practices. Take care, though, because growth can be a double-edged sword. If your firm expands too quickly or…

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Thoughts On How Much Your Facebook Page Sucks From an HR Manager

Remember yesterday when we talked about LinkedIn? Sure you do, it just happened. Anyway, the discussion prompted one HR manager to reach out to me with related thoughts on Facebook. Keep in mind this person is directly in charge of hiring at an unnamed mid-size firm that, as far as I am aware, treats its staff pretty well (great culture, competitive salary, CPA exam support, etc). I suggest those of you looking for work pay close attention to the following.

Reading GC again this morning. I can never tell if this behavior is an indication of job engagement or apathy. Nonetheless, the inquiry about LinkedIn sparked some reallypful dialogue. It caused me to think about what I perceive as much needed guidance on Facebook.

I know you field a lot of inquiries from those who aspire to be slave laborers CPAs. I think these folks are missing out on the basic do’s and don’ts of Facebook. While I loved the rule “facebook is for the people i enjoy being around and linkedin is for the people i am paid to be around” irresponsible Facebook privacy settings are abundant and makes TMI available to recruiters.

Case in point: I recently learned the name of a student who accepted our offer. I couldn’t recall exactly who he was- give me a break, I speak with hundreds of students- so I typed his name into FB. Not only could I see the profile pic I was looking for, I was able to view all of his albums. I want to rescind the offer after viewing the album of his fraternity trip to Vegas. (And yes, I know that I didn’t have to look, but we don’t have to look at car accidents and we still do.)

Second case: A candidate is coming in to the office for an interview. The staff accountant assigned to take the candidate out to lunch does a name search on Facebook. Before the candidate arrives to the office, the email system is routing pictures of said aspiring CPA in a toga. So much for a first impression that conveys professionalism.

Also, one doesn’t even have to go to Facebook to see these pictures. I have Outlook Social Connector, which integrates Facebook and Outlook. If a person emails me from an email account associated with their Facebook account, guess what: at the bottom of their email message, I can see any information that is public (e.g. their profile picture and wall).

I am sure other professionals and recruiters have similar stories. Can GC give these kids a heads up?

Lord knows we’ve tried.

Doesn’t everyone know recruiters and hiring managers check Facebook? I thought that was common knowledge but maybe not, or maybe people don’t realize that pics of them drinking in Vegas are not as cool to recruiters as they might be to their friends.

A few quick tips:

Make sure your Facebook settings are TOTALLY private and not just lazy private. The broader Facebook privacy setting will only block your wall from strangers but your friends, likes and EVERY SINGLE PICTURE are still out there for others to stalk. Since Facebook privacy settings are subject to change (and do, constantly), it’s your job to stay on top of things and make sure you’re only sharing what you want to share.

Use an email you don’t often use as your Facebook login email. This is common sense. When I was screening interviewees for my last job, I would routinely plug their email addresses in to see who would pop up and, not surprisingly, almost everyone did. Let’s just say a few of them did not get interviews. Gmail is free, there’s no reason not to have a spare for this purpose.

Reconsider your profile picture! True story, one of our CPA exam students emailed me with a sob story about how he had been unable to study for weeks and therefore failed his exam miserably and not only wanted advice on how to pass but free time to study even though he’d used up most of the time on his course. Well he forgot we were also friends on Facebook, so when he popped up in my timeline, I couldn’t help but notice the picture of him partying in Mexico with a half-spilled Corona in his hand. The picture had been uploaded the week before his exam, and was even conveniently captioned with “had a great time last week!” so I knew that he was totally full of shit. While not all cases are that extreme or closely connected, it is important to put your best foot forward on Facebook, at least if you are going to allow strangers to see your profile photo. If you can’t handle using a professional shot for your profile, change your privacy setting so no one but your friends can see it.

I’m sure there are a bunch of things I’m missing here, so if anyone has anything to add, you know what to do.

Wanted: North Dakota Tax Professionals Who Don’t Mind Stilettos And G-Strings

A tipster clues us in to the wild world of one small oil boomtown in North Dakota that’s going to need some pretty open-minded tax pros in town if things keep up:

CNNMoney
:

Forget Vegas. Strippers are discovering they can make ten times as much dancing in the oil boomtown of Williston, N.D.

Thousands of men have come here seeking high-paying jobs working for the oil companies. And, at the end of the day (or four or five days when they’re working on a rig), many of them are looking for some female companionship at one of the town’s two strip club’s [sic], Whispers or Heartbreakers.

Word has gotten out about just how much money can be made dancing in Williston’s strip clubs. The money is phenomenal, but the competition is stiff.

Whispers has received applications from exotic dancers in Hawaii, Alaska, even the Czech Republic and Germany, said Melissa Slapnicka, the co-owner of the club. She’s been bombarded with so many applications that she only gives each dancer a week to try out. If they don’t work out, they don’t come back, she said.

According to the article, one 36-year-old stripper (uhh…) who has traveled to Williston for dancing work over the last few years now finds herself making $2000 – $3000 in a single night. I don’t expect you guys to know this but that’s a lot of money for a stripper to make in a single evening.

Even on a slow night, Slapnicka says her girls are bringing home $1500.

Assuming her girls are 1099 employees, looks like there might be an opening for a qualified tax professional willing to help these successful strippers ensure their tax house is in order. Especially now that they’ve been featured in a major media outlet, you can rest assured the Shulman Army has been dispatched to keep an eye on their gains.

Paging The Tax Domme!

Now Non-CPAs Can Taste the CPA Exam Experience!

The IRS Commissioner and his subaltern for preparer regulation this week spilled some of the beans about the “competency tests” that they are imposing on the unwashed (non-CPA, non-lawyer, non-enrolled agent) preparers. Some key bits, as reported by Tax Analysts (sorry, subscriber-only link):


This confirms the obvious: the competency test will be a joke. It has to be, or too few preparers would survive to prepare the nation’s returns. It won’t be completely open-book, but it sounds like you will be able to pass if you have adequate skills at reading and using an index.
This all makes it look like the cynics are right – it’s all about extending IRS power over preparers.

Don’t believe me? Listen to Shulman’s own words:

Today, I want to talk for a little bit about some of our priority programs, such as the Return Preparer Program, the evolution of our relationship with our largest corporate taxpayers, including Schedule UTP, and our work on what we’re calling a real time tax system.

The common thread that runs through them is points of leverage and working smarter.

Points of leverage sounds like what a wrestler uses to pin an opponent. The IRS can use these “points of leverage” to make preparers more subjects of the government and less advocates for their clients. And in their own sweet time, they will.

Provisional CPA Exam Candidate From Illinois Is Just Now Realizing What “Provisional” Means

I can’t believe it but finally, a CPA exam question I’ve never answered before. I have a feeling our confused candidate already knows the answer but is reaching out in hopes that we’ll tell him what he wants to hear instead of the cold, hard truth. Sorry in advance, bro.

Hello GC,

I just took the FAR section of my CPA exam, I did this while completing my final 9 hours of the 150 hours needed. Therefore, I am considered a provision candidate. From what I have read Illinois will not inform me of my score (is this some sort of sick joke), since I am a provisional student, until my final transcripts are turned into them. The earliest that I will have my final transcripts will be January 2nd. This presents a problem because I was planning on retaking the test if I failed, before I start full time at a big 4 firm on January 3rd. Is there a way around this? What should I do? Should I just enjoy my month break and worry about taking it again after busy season if I did fail? Should I study up again while the information is still fresh?

Also I did fell very prepared taking the test and I would say I am fairly confident that I passed the exam. But who knows until I see the official score.

Sincerely,

Confused

I’m sorry to be the bearer of bad news, Confused, but you’re not only confused, you’re screwed on top of it.

According to the Illinois Board of Examiners, provisional candidates have 120 days from the date they take their exam to submit their final transcript to the board. If you miss the 120-day deadline, your exam scores will be voided and you will be ineligible to sit for any sections of the exam until the final transcript is received and you are determined eligible to test. Until your Provisional Status is cleared, you cannot view or receive any exam scores.

What this means to you is that there is nothing you can do until you have those transcripts. I commend you for trying to get a jump on your CPA exam adventure this early in the game but you may have ended up screwing yourself. If you fail, you may have to start studying for that section again from scratch as you’ll likely have forgotten quite a bit by the time you find out you failed. If you pass, your 18 months has started ticking but you’ve lost time waiting around to wrap up school.

And yes, if you failed, wait until you are able to study to attempt again since you don’t have an 18 month window to worry about. No reason running yourself into the ground if you don’t have to.

What’s the lesson to be learned here? Always make reality part of your plan; unless you knew of a trick around this going into it, it was unrealistic to make a plan that you couldn’t actually implement.

Sorry but them’s the breaks.

Someone Forgot To Ask These Questions In the Interview, So Asks Us Instead

Ed. note: Feeling torn between two job offers? Questioning your career choices? Maxed out your credit cards and can no longer afford Miss Cleo’s $2.99 a minute advice? Tap the career advice brain trust for insight and we won’t even charge you for it.

I have recently received full-time offers from two Big 4 firms.  One offer is for external audit, and the other is for internal audit.  Which career opportunity would be more advantageous for a young professional in terms of salary, hours worked/busy season, and opportunities both within and outside the firms?

Also, the internal audit position would be for federal clients only.  Would this impact the above criteria in any notable ways?

Jimmy Dean


Dear Jimmy Dean,

This is a like a buck-shot of questions that you should have asked during the interview process.  You never asked about what the hours are like?  What the salary growth is like?  What the long term career track would be in each practice line?  What the hell did you talk about in your interviews!?!  No really, I would like to know.  The questions you’re asking here make it seem like you did zero homework on this and instead pounded out a quick email to GC because it’s easier to ask for the RIGHT-UNDER-YOUR-NOSE answers than find them for yourself.  Sorry, but I’m not sorry.

My personal frustration aside, I’m sure members of the GC crew here will chime in and provide you some personal feedback.  I suggest you start with career websites for the Big 4 firms.  They offer a substantial amount of [HR polished] insight on career tracks.  A few years ago KPMG released an external version of their Employee Career Architecture tool.  It spells out the marketable skills earned throughout a career in different practices. Tip: if you’re using the tool to assess an internal audit career, KPMG lists it as IARCS under the Advisory practice line. The most useful information is under the “Explore” section of the ECA tool.  As for a career in external audit?  Oh I don’t know – try another Big4’s extensive website.  Thanks, Uncle Ernie.

As for the government-heavy client base – it’s not going to necessarily restrict your external career options should you choose to leave, however it can be a natural transition.  Again, you need to assess the skillsets each career track provides.

Will Yelp Give Goldman Sachs and Citigroup 5 Stars For Its IPO?

Fun fact: yours truly used to be a hardcore Yelper, ranked San Francisco’s funniest Yelper for a good year and a half before I gave up and quit the site. God that makes me feel like a loser. As it should.

Anyway, here’s my issue with a Yelp IPO… Yelp should have quit way back when I did. The window of opportunity, in my mind, has long passed. Maybe in 2007 Yelp had a chance to blow it up but how are they even relevant anymore? Beyond the rabid fan base and drive-by Googlers, I’d say no. They blew a Google deal. They totally bit off the foursquare formula when they should have come up with it first. They still don’t have a money-making plan, as far as we can tell.

So here’s the really crazy part: according to DealBook, Yelp has brought on Goldman Sachs and Citigroup to help with its IPO. Did Jeremy S. suffer from brain-eating food poisoning?!

The offering, which is expected to value the company at $1.5 billion to $2 billion, will probably come to market in the first quarter of next year, a person close to the company said. Yelp is expected to file its prospectus by the end of this year.

In recent months, Yelp has openly telegraphed its intention to go public. At a technology conference during the summer, Yelp’s chief executive, Jeremy Stoppelman, said the company was still pursuing an I.P.O. but did not have a set time line. In late July, in a move that many interpreted as another step toward the public markets, the company hired a chief financial officer, Rob Krolik, who helped Shopping.com go public in 2004.

Just last year, Stoppelman said Yelp likely wouldn’t go public for years, while it took $25 million in funding from Bono’s Elevation Partners. Remember, Elevation Partners also bought a 25% stake in Palm – anyone remember them? Anyway, earlier this year, Stoppleman proudly declined additional financing and announced that “an IPO is back on the table” for Yelp.

Fun fact: GS and Citi also worked on Groupon’s IPO, with Goldman serving as one of the lead underwriters.

But Yelp is no Groupon (that might be a good thing). The seven-year-old start-up has yet to prove how it can make money, outside of shaking down companies and forcing them into sponsorships. Oops, did I say that out loud? I meant through “advertising” revenue from sponsoring companies interesting in “creatively shuffling” their negative reviews.

The sad part is Yelp has an extensive team of writers in its users, and they are constantly creating free content (some of them are not too shabby, either) yet it still cannot figure out how to make money off that. What on Earth is an IPO going to change about that?

How One Emotionless CPA Completely Dominated The Penn State Press Conference

U.S. Steel CEO and vice chairman of the Penn State Board of Trustees John Surma spent last night in the hot seat, fielding angry questions from bitter Penn State fans-cum-journalists (read: second year J-schoolers) distraught by this whole scandal nonsense. You see, it fell on his shoulders to announce to the world that the trustees canned head coach Joe Paterno and university president Graham Spanier.

Why do we care? Surma got his BS in accounting from Penn State University in 1976 and started off his career at then Price Waterhouse. He is a member of the AICPA and sits on the Bank of New York Mellon’s board. Therefore, he’s a member of the club.

And he handled last night’s Penn State press conference like a gangster. Even when angry “journalists” attacked.

See? This is why you send a CPA into the lion’s den. An architect would have crumbled. An engineer may have cried. A doctor would have cowered in fear. But a CPA? Stone-faced and calm with zero emotion, just how a Board of Trustees vice chairman should be when announcing a beloved coach has been canned due to, er, questionable discretion. And of course, because CPAs aren’t real big on that whole interaction thing, they called Paterno on the phone to tell him the news. Not a sit down or even coffee, but a phone call.

Told you he was gangsta.

Here’s the video:

Accounting News Roundup: Former IRS Agent Guilty in Prostitution Charge; Jefferson County Debt Breaks Records; Green Mountain’s Growing Inventories | 11.10.11

Alabama Governor Fails to Prevent County’s Record $4 Billion Bankruptcy Filing [NYT]
Last-ditch efforts by the governor of Alabama to prevent a record-breaking municipal bankruptcy in his state broke down on Wednesday, as the Jefferson County Commission voted 4 to 1 to declare bankruptcy on roughly $4 billion of debt.

Ex-IRS agent pleads guilty to prostitution charge [AP]
A retired IRS agent who once investigated a fugitive Nevada brothel boss and was partners in a failed rural Nevada bordello venture pleaded guilty Wednesday to transporting a California woman across state lines to commit prostitution.

Tokyo Police Investigate Olympus Accounting [WSJ]
The Tokyo Stock Exchange on Thursday placed shares of Olympus Corp. on its watch list for possible delisting, as the Japanese police launched an investigation into the company’s decades-long cover-up of investment losses.

Are Rising Inventories at Green Mountain a Bad Omen? [The Street]
On Wednesday’s conference call, Green Mountain said it’s “confident” that no accounting fraud has occurred. The questions from analysts about growing inventories seem to signal unease about both sales projections and the merit of capital spending increases.

L.A. councilman says business tax report had editorial spin [LA Times]
The drive to dismantle -– and possibly scrap –- the business tax in Los Angeles moved forward Wednesday as a City Council committee called for an independent economic analysis of several proposals to cut it, including one that would phase it out over four years.

MF Global Commodity-Account Transfers to Brokers ‘Substantially’ Complete [Bloomberg]
The transfer of MF Global Inc. commodities accounts to other brokers is “substantially” complete, a spokesman for the liquidator of the bankrupt broker- dealer said. Many of the firm’s 150,000 customer accounts are “out of date, inactive, or very small,” leaving a much smaller number to deal with, said Kent Jarrell, a spokesman for trustee James W. Giddens.

Goldman, Morgan Stanley mull reducing mark-to-market accounting [Reuters]
Market not so great, eh?

Recent Grad Wants To Know Why He Should Care About LinkedIn

Ed. note: If you have a question for our career advice brain trust, ending it with compliments is definitely the way to get it answered quicker and with much less snark than usual. Just a tip.

Hey Adrienne,

I’m a recent college grad, just started at the Big-4, with prior work experience at some other companies, and a few people now have recommended that I start using LinkedIn as a means of keeping in touch with people. So far I’ve just been nodding my head and thinking to myself that I’ll get around to it some day, but in all honestly, I’m really not sure what LinkedIn is or why it matters. It seems like a way of making all my work stuff public for someone to scrutinize before I start on tlly when apply to their company) and I don’t see why that’s the greatest idea ever. I feel like Facebook can lead to some awkward quasi-friendship and feel like LinkedIn is a similar tool. I understand that there is a difference between just networking and asking for “recommendation” on the site, but other than that, I’m pretty much clueless. One other concern is that while it’s not my aim right now, I feel like creating a LinkedIn account is like making a sign saying that I’m ultimately looking to jump ship. Perhaps you or some readers could provide additional insight?

Thanks,

-Prefer to be Anonymous (get it, that’s why I don’t see what’s so great about LinkedIn).

P.S. You don’t have to tell Caleb, but I was talking to some co-workers and we definitely agree that GC is better when you’re in charge, thanks for the great work!

Oh come on, PtbA, you didn’t think I’d broadcast that all over the place? Thanks for the kind words, glad I’m not scaring you kids away this week. Let’s hope Caleb is still obsessively reading the site while sequestered in an unnamed third world country and sees this, even if it only confirms what he already knows.

Anyway, LinkedIn. Let me confess that even though my career specialization is online brand management and social media, even I was a bit sketched out by LinkedIn at the get go. I am a proponent of Internet privacy, at least as far as one is able to keep their details private while also maintaining their online presence. But when I first signed up for LinkedIn years ago, I was mortified by the sheer amount of information they wanted from me. Sure everyone knew where I worked anyway but why was it anyone’s business on LinkedIn?

Let me disclaim this next part by saying I absolutely love my job. If a competing online media outlet tried to poach me tomorrow, I’d kindly tell them to stick it up their www.ass.com. But for you as a public accounting grunt, having a solid presence on LinkedIn will pretty much guarantee that you are out there in front of firms both big and small looking for talent.

Having a fully developed LinkedIn profile does not make you appear ready to jump, it simply means you are in charge of your online identity. You might be happy with your firm now but you never know if that will change, and it can be handy to have connections at other firms just sort of lurking around.

While LinkedIn is a good tool for keeping connected with professionals (especially if you, like me, use Facebook to post pictures of your cats, you drinking or your cats drinking, which can be viewed as unprofessional in many circles), there is nothing that says you absolutely must have a profile. The benefit to having one is that when people Google you (and they will), your LinkedIn profile is one of the first results and you control the information shared. Because LinkedIn does not have the same “wall-to-wall” features as Facebook, it is a slightly more professional way to connect with people who you might not necessarily want to check in with all the time but still want to keep in your social circle should you need them later.

It isn’t that much of a pain to pound out a few paragraphs about your work experience and skills, and is actually a good exercise in professional development. Many of us don’t even realize what it is we do and what we’re good at until we are forced to analyze that, be it for a resume or for a LinkedIn profile. I actually found that part fun when I was putting my profile together but I’m kind of a sick puppy that way.

Since you’re new to this whole public accounting game, you might not realize how important playing the game is to your career, but if you do get that, think of LinkedIn as just another part of that game. Do you have to do it? Absolutely not. Should you? Probably. Can I give you a good reason why? Not really.

Just set aside an hour or so, fill in some of your info and skills and call it a day. Who knows, you might enjoy it.

Kroeker Gets Cranky With the AICPA’s Private Company Accounting Ideas

Apparently SEC chief accountant James Kroeker does not appreciate the AICPA’s disapproval of the FAF’s new proposal to set up a Private Company Standards Improvement Council, calling the disapproval “a clear threat to the independence of the FAF.”

Accounting Today has the entire story but the short version is that Kroeker went off at Monday’s Standard & Poor’s Accounting Hot Topics Conference in New York, calling the AICPA’s resolution “egregious.”

In case you forgot, at last month’s fall meeting of AICPA Governing Council, members overwhelmingly approved a resolution that sent the Financial Accounting Foundation (FAF) a strong message: either FAF moves to adopt the Blue Ribbon Panel on Standard Setting for Private Companies’ (the Panel) recommendations for a separate board— which is the AICPA’s preference— or the AICPA will consider other options.

At that time, the AICPA made it clear that if FAF continued to pursue its current proposal, the AICPA board of directors would look at other solutions for addressing the needs of private companies. This could include creating a separate standard setting body to develop private company generally accepted accounting principles (PCGAAP) or a comprehensive private company-specific basis of accounting that would deliver meaningful, lasting improvement to private company financial reporting consistent with the Panel’s recommendations.

Maybe Kroeker should go hang with the AICPA and cuddle up to watch the upcoming webcasts that outline FAF’s proposal?

We’re not sure why Kroeker is so butthurt, nor why he would dare take on 350,000 CPAs by calling their wishes “egregious” but that’s a different matter entirely.

This Just In, the AICPA Has a New Online CPE Program For You

Try not to piss yourselves with excitement, kids.

Time-strapped accountants who need to brush up on a subject area or meet continuing professional education (CPE) requirements have a new, cost-effective option: targeted study programs through CPExpress, an online learning library offered by the American Institute of Certified Public Accountants.

For CPAs who want to concentrate on specific areas of expertise, CPExpress now offers four specialty libraries: Accounting & Auditing, Business & Industry, Governmental and Not-for-Profit, and Taxation.

These collections—which range from 65 to 175 online courses–are priced at a lower rate than the overall CPExpress library. Topics range from accounting updates to tax planning strategies and fraud detection.

Like the rest of CPExpress, the specialty libraries contain titles put together by leading authorities in the profession. Courses typically last one to two hours, yield up to two CPE credits, and are available round-the-clock for subscribers with Internet access.

CPExpress, which now includes more than 900 online courses, serves as a perfect tool for filling in knowledge gaps and rounding out professional education requirements. And all titles are now viewable on an iPad, giving CPAs even more freedom to burnish skills on their own schedule.

“CPExpress provides great value and convenience for members who need real-time technical information, or those who simply are looking to expand their skills and knowledge,” said Mike Ramos, director of CPE and training for AICPA. “With these new offerings we are hoping to introduce the benefits of CPExpress to those with more specialized knowledge and training needs.”

Discount pricing is available for AICPA members on both CPExpress and the specialty libraries. For more information, visit www.cpa2biz.com/cpexpress.