Professional Issues


The AICPA releases the results of its annual survey to assess the supply of new accounting graduates and public firms’ demand for their services ( www.aicpa.org/members/div/career/edu/sagdpar.htm ). Conducted in 2003 the poll found the number of bachelor’s degrees awarded had dropped while the level of master’s degrees had increased, matching public accounting firms’ hiring trends, which reflected greater interest in holders of advanced degrees than in their undergraduate counterparts. Other findings were that in the 2001–2002 period women earned more bachelor’s and master’s degrees than men but fewer doctorates, while members of minority groups earned nearly one-quarter of bachelor’s and master’s degrees and approximately one-third of PhD degrees. In 2002 almost 75% of the graduates hired accepted accounting or auditing positions, more than 20% took assignments in taxation and 2% began work in management consulting positions.

SPONSORED REPORT

Year-end tax planning and what’s new for 2016

Practitioners need to consider several tax planning opportunities to review with their clients before the end of the year. This report offers strategies for individuals and businesses, as well as recent federal tax law changes affecting this year’s tax returns.

QUIZ

News quiz: IRS warning on cyberattacks and a change in pension rules

Once again, the IRS sounds the alarm about a threat from cyberthieves. See how much you know about this and other recent news with this short quiz.

CHECKLIST

Bolster your data defenses

As you weather the dog days of summer, it’s a good time to make sure your cybersecurity structure can stand up to the heat of external and internal threats. Here are six steps to help shore up your systems.