Trump Trial: A Case Study in Accounting?

Could some good accountants have spared the nation its hush money trauma?

By CPA Trendlines Research
Analysis and Commentary

The Donald Trump case involving hush money payments indeed centered around accounting practices and the legal implications of how these transactions were recorded. The payments in question, made to silence allegations of extramarital affairs, were scrutinized for potential violations of campaign finance laws and business records.

A CPA Trendlines analysis of generally accepted practices and the professional literature demonstrates the grave lapses that led to felony convictions and the essential role good accountants and honest accounting must play in the executive suite.

The lessons – and risks – for accountants are painfully clear.

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More Big Firms Shut Their Doors to New College Grads

Some 88.7% of top firms rate problem-solving skills among the most important criteria in hiring new college grads. Technical skills rank fifth, at 67%. (NACE)

Firms that overhired in the COVID-19 boom are now trimming their ranks.

By CPA Trendlines Research

Despite widespread concerns in the profession about a talent shortage, the largest accounting firms in a new survey are cutting back on their hiring of new college accounting graduates by 16.1 percent this year.

MORE in STAFFING & RECRUITING: Employee Retention Is Easier Than AttractionPayroll Leads Job Gains in Tax & Accounting Sector |  Disruptors: Talent Crisis? What Talent Crisis? |  Letting Staff Go After Tax Season? Bad Idea |  Firms Culling Clients as Staffing Woes PersistCompensation’s Up, but Up Enough to Retain Staff?

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Reflecting broader economic uncertainties and budgetary constraints, half of all the biggest firms surveyed are gearing down for a recession, marking a sharp turnaround from the hiring spree sparked by a global pandemic that forced industries across the globe into transformational change, often staffed and driven by the biggest accounting and consulting firms.

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