How Al Pacino lost his fortune
Plus: Accounting shortages and AI bring new opportunities
Maybe the struggle to add new accountants is actually a golden opportunity for an industry overhaul. This week, we take a look at five game-changing tips from an industry expert that could turn things around.
Also in Today's Newsletter:
⚫ Job threat or job tool? What does AI mean to you?
⚫ SEC subpoenas CSX
⚫ Two Big Four firms back reduced credit hours
Let’s Be Real — Accounting Needs a Makeover
With 1 in 10 accountants eyeing the exit and fewer newbies coming in, the industry needs a serious glow-up. It’s not just about pay raises (though, let’s be honest, that’s a start). Imagine this: shorter, more affordable CPA pathways that actually blend in real work experience, college courses that teach AI and automation right alongside accounting basics, and roles that go beyond bookkeeping to help shape big-picture business strategies and even ESG initiatives. The future is wide open for accounting, but it’s got to spark some excitement first. Get the details in CPA Practice Advisor.
ESG reimagined: Unlocking value and driving business growth
ESG, a term in use for over 20 years, is the focus of this podcast miniseries. Host Heather Horn interviews Matt Sekol, sustainability global blackbelt and author of "ESG Mindset: Business Resilience and Sustainable Growth." They explore ESG's complexities and discuss how companies can reframe the concept to enhance long-term resilience and extract value from reporting. (PwC Us)
3%
Predicted nominal annualized return over the next 10 years by Goldman (Investing.com)
- SEC subpoenas CSX over accounting discrepancies
- PE-Backed Citrin Cooperman expands
- AI in accounting: Collaboration tool, not job threat
- Becker launches core CPA exam prep course
- What did Al Pacino's accountant have to do with his movies?
EY, PwC tentatively back reduced CPA credit requirement
Ernst & Young and PricewaterhouseCoopers have expressed tentative approval for a new CPA licensing pathway. This alternative route would allow candidates to replace 30 of the standard 150 college credit hours with relevant professional experience. Both firms provided separate statements confirming their cautious endorsement of this proposal. (CFO Dive)
The Net Gains is your one-stop shop for fresh, FREE accounting insights. You can reach the newsletter team at thenetgains@mynewsletter.co. We enjoy hearing from you.
Interested in advertising? Email us at newslettersales@mvfglobal.com
If you've been enjoying the newsletter, don't keep it a secret. Share it with an industry colleague. (Copy the link here.)
The Net Gains is curated and written by Paul McCormack and edited by Bianca Prieto.