James Schiavone Feed

James Schiavone

Senior Manager, Media Relations
American Institute of CPAs

Born and raised in New York City, James graduated from Tulane University with a BA in Sociology and English minor. In his role on the media relations team, he scours the news for articles relevant to the accounting profession and the finance industry. From the front page of the New York Times to obscure blogs in the back corners of the Internet, James finds the news CPAs need to know and shares it with them through the AICPANews Twitter account. He does proactive media outreach, tracks, analyzes and reports on the AICPA’s media activity and manages the AICPA’s Press Center.

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AICPA Trends Report finds Accounting Enrollments Reach an All-Time High

TRENDSLast week, the AICPA released the 2015 Trends in the Supply of Accounting Graduates and Demand for Public Accounting Recruits report. The report found that enrollments in undergraduate and graduate accounting programs increased in the 2013-14 academic year, and combined to cross the 250,000 threshold for the first time. On the recruiting side, accounting firms hired a record number of accounting graduates in 2014, representing a seven percent increase from the previous survey.

In addition, there was optimism from both universities and firms that the growth of the accounting profession will continue. Ninety-seven percent of bachelor’s programs and seventy percent of master’s programs stated that they expect their enrollment to be the same or higher within two years of responding to the survey.

Building upon the record levels of hiring, 91 percent of firms reported that they expect to hire at the same or an increased level in the following year. Larger firms are particularly optimistic about future hiring levels. All firms employing more than 200 CPAs reported their hiring will either increase or stay the same in the next year. This indicates that job prospects for current enrollees in accounting programs, as well as recent graduates, remains extremely bright.

Continue reading "AICPA Trends Report finds Accounting Enrollments Reach an All-Time High" »

In the News: CPAs in the C-Suite See U.S. Economy Slumping

Business executives grew less confident about prospects for the U.S. economy over the past quarter. That’s according to the 2nd quarter Economic Outlook Survey, which polls AICPA members who serve as chief executive officers, chief financial officers and controllers. The survey found that while the majority (52 percent) of respondents still expressed optimism about the U.S. economy, there has been a significant slide in sentiment from the first quarter level of 68 percent.

EosThe CPA Outlook Index -- a comprehensive gauge of executive sentiment within the AICPA survey -- fell two points in the second quarter to 72, the second consecutive drop. The index is a composite of nine, equally weighted survey measures set on a scale of 0 to 100, with 50 considered neutral and greater numbers signifying positive sentiment. 

Continue reading "In the News: CPAs in the C-Suite See U.S. Economy Slumping" »

In the News: CPAs Provide Gift Tax Guidance and Cyber-Security Tips

Shutterstock_124401508CPAs serve as trusted advisers and provide their clients with expert guidance on a variety of topics. It’s no surprise that they are frequently cited by the media for their expertise in areas such as tax, financial planning and even cyber security best practices. I’ve summarized a few recent examples of CPAs helping people make informed decisions about their financial lives.

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Accounting Scholars Leadership Workshop Empowers Minority Accounting Students

ASLW image 2The American Institute of CPAs recently announced that the application period for this year’s Accounting Scholars Leadership Workshop (ASLW) is now open. The Workshop, now in its 21st year, is an invitational program for minority accounting students who plan to pursue the CPA license.

The Workshop will feature interactive programs, speakers and panel discussions aimed at improving attendees’ professional skills while highlighting the many career benefits of earning the CPA license. Sessions will cover issues such as strategies for passing the CPA exam, navigating corporate culture, financial literacy, and thinking like an entrepreneur

This year’s Workshop with be held from July 29-31 at the Baltimore Marriott Waterfront, 700 Aliceanna Street, Baltimore, MD. Qualified candidates may apply from now until April 30, 2015.

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CPA Outlook Index Finds Increased Optimism for US Economy, Lowered Expectations Elsewhere

The AICPA’s CPA Outlook Index (CPAOI) fell four points in the first quarter, the first time the Index has dropped in more than two years. The Index, which polls chief executive officers, chief financial officers and controllers, found these executives were tempering their expectations for profit, revenue and expansion in the coming year.

Optimism about those key performance indicators still remains high, but the survey found a decline in sentiment since last quarter. The one survey measure to rise from the previous quarter was sentiment about the US economy, which found that 68 percent of respondents are now optimistic about the U.S. economy, a new high for the survey.

Continue reading "CPA Outlook Index Finds Increased Optimism for US Economy, Lowered Expectations Elsewhere" »

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