Professional Issues


The AICPA released the 2004 edition of its annual report, The Supply of Accounting Graduates and the Demand for Public Accounting Recruits ( www.aicpa.org/members/div/career/edu/sagdpar.htm ), which found the number of bachelor’s degrees awarded rose by 6% and master’s degrees by 30% over the prior year while enrollment in accounting programs grew by roughly the same percentages. More than 109,000 candidates sat for the CPA examination—slightly more than in 2003. Hiring increased at single-digit rates and 18% of new employees were members of minority groups. The report predicted long-term growth in hiring of accounting graduates by firms of all sizes.

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.