Find out how much accountants are being paid

Senior accountants are making bank, find out how much and see how your salary compares - check out this item in The Ledger below.

We're also looking at the SEC's new rules aimed at curbing auditor negligence that is sparking a significant shift in the industry. Plus, we look at how private equity is stepping in to transform small accounting firms, giving them the resources they need to stay competitive . -Bianca Prieto, Editor

In Today's Newsletter:
⚫ Senior accountants are getting paid. Find out how much.
⚫ How Niki Heim became CFO before 40.
⚫ Atlanta's MARTA uncovers accounting issues.
⚫ Is the future of accounting living overseas?
Written by Paul McCormack

SEC cracks down on sloppy auditors

The Securities and Exchange Commission approved stricter rules targeting auditor negligence, despite opposition from two Republican commissioners who voiced concerns about potential negative impacts on audit quality and the profession. The changes, championed by PCAOB Chair Erica Williams and aligned with SEC Chair Gary Gensler's vision, aim to strengthen oversight of accounting firms auditing public companies. The SEC also approved related proposals to unify professional standards and clarify auditor responsibilities when using data analysis technology. Read more about the changes in CFO Dive.

🎙 Cracking the C-Suite Code: A Young CFO's Blueprint for Success

CFO Weekly sits down with Niki Heim, the trailblazing CFO and CAO of LogicSource.  Heim, who is under 40, shattered expectations and climbed to the pinnacle of financial leadership.

"Younger leaders, male or female, can be more adaptable to change and open to new ideas," Heim said. "The financial world is such a fast-paced area of work and you have to be agile."

Learn about her unconventional path that led to her C-suite success, career-defining moments that shaped her leadership style and how she balances the dual roles of CFO and CAO. Time: 35 min. (Personiv)

0.22%

...the number of tax returns filed in 2024 by those with $1M+ income.  (Accounting Today)

• Salary Shifts: Senior accountants see big raises, but entry-level pay struggles.
• Global Search: U.S. firms look overseas to tackle accountant shortages
• Off the Rails: MARTA audit uncovers accounting problems
• From Local to Global: The Forvis Mazars success story.
• IRS Update: New guidance for student loans and retirement plans.

Small accounting firms go private

Private equity investments are revolutionizing the accounting industry, providing small firms with crucial capital and expertise to drive growth and innovation. This shift addresses longstanding challenges such as talent shortages, technological advancements and limited growth strategies. The influx of private equity is enabling firms to scale more efficiently, diversify services, and adapt to the rapidly evolving landscape shaped by AI and other technological innovations. (Thomson Reuters)

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