{"id":156,"date":"2023-06-08T08:47:12","date_gmt":"2023-06-08T08:47:12","guid":{"rendered":"https:\/\/webwiseai.co.in\/demos\/accountant\/pwc-chair-basically-threatens-ai-will-replace-you-if-you-dont-come-into-the-office\/"},"modified":"2023-06-08T08:47:12","modified_gmt":"2023-06-08T08:47:12","slug":"pwc-chair-basically-threatens-ai-will-replace-you-if-you-dont-come-into-the-office","status":"publish","type":"post","link":"https:\/\/pillweightloss.com\/pillweightloss\/pwc-chair-basically-threatens-ai-will-replace-you-if-you-dont-come-into-the-office\/","title":{"rendered":"Being A Good Accounting Worker"},"content":{"rendered":"

For two years now, PwC UK chairman Kevin Ellis has been trying to get people back into the office. In 2021, he said he wanted to \u201ccreate a buzz around returning to the office,\u201d luring his people back with the promise of human contact we were all starved for in 2020. Launched a year after [\u2026]<\/p>\n

The post PwC Chair Basically Threatens AI Will Replace You If You Don\u2019t Come Into the Office<\/a> appeared first on Going Concern<\/a>.<\/p>\n

Last week, the AICPA released a revised pipeline acceleration plan<\/a>, the goal of which is to get more young people into accounting to save the profession from extinction. To save you a click, I\u2019m putting it here.<\/p>\n

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At its spring meeting in Washington this week, the AICPA\u2019s governing body (\u201cCouncil\u201d) approved this plan. Yay. Cue measured fanfare.<\/p>\n

From Journal of Accountancy<\/em><\/a>:<\/p>\n

The resolution acknowledges the challenges facing the talent pipeline and the need for a \u201cthoughtful strategic process\u201d in the search for solutions while reiterating the Council\u2019s commitment to preserving the mobility of CPA licensees. [AICPA CEO\u2014Public Accounting Susan] Coffey said the state CPA societies\u2019 role in helping address the pipeline is essential.<\/p>\n

The resolution reads in part: \u201cThis collaborative process, convened by and through the AICPA, should result in a continuous research-driven national pipeline strategy that, among other things, addresses the image of the profession in the eyes of students as well as educational and experience requirements, and outlines short and long-term initiatives and actions that result in measurable outcomes to address the profession\u2019s ongoing and evolving human capital needs and priorities.\u201d<\/p><\/blockquote>\n

As you can see from the above graphic, this plan includes many things that would be wholly unnecessary were starting salaries at public accounting firms able to compete with the industries currently jacking talent from the profession at the college level. Going into high schools to talk about the opportunities in accounting is great, people should be doing that. Extending the time a person has to pass all four parts of the CPA exam is great, too. As are alternate pathways to licensure<\/a> but not everyone agrees on that one. All of this is pointless if the money isn\u2019t there.<\/p>\n

The original pipeline acceleration plan released earlier this year was just eight items, seen here in this AICPA Town Hall Series video<\/a> and believe it or not, it was somehow more useless than the 50% larger 12-point plan.<\/p>\n

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On the Integrated Education and Experience Program, the South Carolina Association of CPAs Board of Directors said they \u201chave no confidence in this proposed solution\u201d in this January 24 letter to the AICPA and NASBA<\/a>:<\/p>\n

While this initiative could ultimately lower the candidate cost for the remaining 30 hours, we feel strongly that it will not adequately address pipeline compression. We do not believe this approach removes barriers to entry, but instead places additional strain on those seeking to join the profession. As such, we have no confidence in this proposed solution.<\/p><\/blockquote>\n

Alright, what else do they have?<\/p>\n

The revised plan has the Experience, Learn & Earn program<\/a> which Director of the School of Accountancy at University of Denver Sharon Lassar, PhD, CPA has written about here<\/a> and here<\/a>. Here\u2019s an excerpt from her guest post \u201cIs It Ethical to Endorse an Educational Path That Is Susceptible to Cheating?\u201d:<\/p>\n

The AICPA should disclose exactly what will be taught in the ELE program. If it moves forward, it should disclose the characteristics of the students enrolled; the courses selected, attempted, and completed with grade earned; the parts of the CPA exam attempted and those passed by the candidates before they started the ELE program; the parts scheduled, attempted, and passed while enrolled; and, the time to complete this pathway to licensure. If this model is one that the profession uses to justify the continuation of the 150-hour rule, it should also then show the progression of these candidates through their careers. Each year\u2019s annual salary and rank should be disclosed. Let\u2019s get some real data that is open for academics to analyze.<\/p><\/blockquote>\n

I\u2019ll leave those high level discussions to people smarter than anyone here but I do happen to be an expert in getting paid diddly squat so believe me when I say if you pay them, they will come<\/em>.<\/p>\n

Supposedly salaries fall under item 2 of the revised plan: \u201cAddressing firm culture and business model challenges.\u201d In AICPA language<\/a>:<\/p>\n

In collaboration with stakeholders, the AICPA has identified initiatives that address the following key areas:<\/p>\n