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The capacity crunch: Better ways to hire now

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Accounting firms have a “massive opportunity to modernize how [they] attract and retain talent,” according to Ashley Nash, director of partner firm recruiting at Top 50 Firm Ascend, a sentiment echoed by other accounting firms making the best of a much-discussed, volatile talent market. 

A cross-section of accounting firms share how they are honing their recruitment techniques in the face of a talent pipeline that has shrunk in recent years — and also been diverted into targeting candidates with alternate college majors or areas of expertise.

“The accounting industry is at a turning point,” Nash said, sharing her perspective in her role with the Arlington, Virginia-based firm and the firms on its private equity-backed platform. “A growing talent shortage — especially at the manager and senior manager levels — is putting pressure on firms to rethink how they attract and retain top talent. The challenge isn’t just volume; it’s about finding professionals who are technically excellent and who can also be future leaders within their firms.”

Hiring strategies

Aprio, a private equity-funded and Atlanta-based Top 25 Firm, has made its own adjustments to meet its hiring needs.

“We are focused on consistency in how we evaluate candidates, using tools like behavioral assessments and clear feedback loops to guide better hiring decisions,” explained chief human resources officer Larry Sheftel. “We aim to create a hiring experience that reflects Aprio’s innovative, people-first, and growth-oriented values.”

Ascend seeks assistance from other industries to improve hiring techniques.

“A key part of our approach is bringing in experienced professional recruiters from outside the accounting industry — experts who focus exclusively on talent acquisition and bring fresh perspectives to sourcing, hiring and candidate engagement,” Nash said. 

It’s not only the hiring process that can benefit from outsiders — firms are increasingly hiring non-CPA candidates to both remedy the pipeline issue and stay competitive. 

“The scale of, the need for complexity, the need for quote unquote accounting firms to solve more varied issues and problems for clients, it’s evolved to accounting firms being more than accounting firms, they’re accounting firms, and IT firms, business advisory firms,” said Ty Beasley, chief talent officer at Top Five Firm RSM, identifying himself as among the non-CPAs.

“We understand it’s not just finding people to solve accounting problems, or just through the four-year degree systems,” he continued. “We’ve opened up our talent attraction pipeline to other avenues” which Beasley listed as including community colleges and trade schools. 

Yellow chair standing out from the crowd. Business concept. 3D rendering

Tucson, Arizona-based Regional Leader BeachFleischman is finding success hiring more project managers, coming from a range of nonaccounting backgrounds. 

“It was a role created to do front legwork of the collection of documents,” explained learning and organizational development manager Cheryl Hutchins. “They’re talking to clients upfront to get their information in and organized; different from last year in getting all that organized before the tax return is logged, and working with managers on due dates, what is missing — it’s been insanely successful.”

The firm started with one or two project managers and is now up to five with plans to add more, and “recruiting from different majors, probably business majors,” Hutchins said. BeachFleischman also recently created an innovation department with an innovation principal and client experience manager, and is recruiting for a data expert that will also target talent beyond CPA license-holders.

Firms are also looking for talent at various experience levels, though Ascend is concentrating on a few in particular, said Nash: “We support hiring across the full career life cycle, from early-career associates to executive leadership. However, the majority of our work is concentrated at the experienced associate through senior manager levels, where we see the greatest need and the most immediate impact.”

Meanwhile, at BeachFleischman, internships are a “huge recruiting source,” according to Hutchins.

“It’s ideal if we have interns who know from being here that they like public accounting, they like BeachFleischman, they like tax, audit or whatever they are doing. … We know they do good work and have been exposed to the processes and people,” she shared. “In recruiting, we’re really digging in, showing BeachFleischman upfront, and how do we, whether in the recruiting sphere or internships, show what makes BeachFleischman cool. We’re different than a Big Four firm, than a really small firm. They can see the clients we work with, sit down with the CEO — we’re planning fireside chats. We frontload that experience, and [show] it’s a good fit for a certain person.”

Nash would agree that differentiation is very important in today’s job market, where firms need to send a clear message of what they can offer.

“It’s an increasingly candidate-driven market, and firms can no longer rely on traditional recruiting approaches,” Nash said. “Candidates want transparency, speed and a clear path for growth — and they’re willing to move for it. The firms that are succeeding are those that lead with clarity, flexibility and culture. Our job is to help our firms become employers of choice in this new landscape — through thoughtful storytelling, streamlined processes and a commitment to candidate experience.”

Effective onboarding

Though recruiting can feel like even more than half the battle in today’s job market, all-important retention starts with a welcoming and supportive environment for new hires. At Elk Grove Village, Illinois-based Regional Leader Porte Brown, it also means a smooth transition for entry-level staff.

“It is common for us to make employment offers up to 18 months before a candidate graduates college,” reported Adam Hoffman, chief human resources officer. “It is important for us to maintain communication with these candidates to keep them informed and excited about their future career. When a new employee starts at Porte Brown, we provide them with upwards of 200 hours of training and give them the opportunity to explore opportunities within the firm, including tax, audit, accounting and various other services we provide.”

“As we grow, we know our hiring process needs to effectively link between hiring and long-term talent development,” shared Aprio’s Sheftel. “Just as important as making the right hire is ensuring that new team members are positioned for success. We place greater emphasis on onboarding, early engagement and role-specific training to help new hires feel connected and supported from day one.”

“Once the technical infrastructure is in place, our learning and development team leads a thorough introduction to the firm — highlighting our rich history, distinctive culture and forward-looking strategic vision,” Sheftel continued. “To further support a seamless transition, each new team member is thoughtfully paired with a peer buddy, fostering early connections and providing meaningful guidance throughout the acclimation process during the new hire’s first eight weeks.”

The development goes both ways, Sheftel explained, with Aprio fine-tuning its own approach to shaping the next generation. 

“Our L&D team is intentional about continuous improvement. They issue a survey to each new hire after their first eight weeks to learn what worked well and where opportunities exist to enhance our programming. We also benchmark the results with Gartner’s global onboarding data. We are proud to say that new hires rate our onboarding program favorably, 11 points higher than Gartner’s U.S. benchmark.”

Mentorship and training are key to long-term success, as Ascend has found in guiding the firms on its platform.

“Over the last year, we’ve worked closely with our firms to bring more structure and intentionality to their development efforts — starting with transparency,” said Stefany Sandoval, Ascend’s head of professional development. “We’ve helped create clear outcomes, activities and KPIs for each role, more consistent onboarding, and more thoughtful performance reviews. We’ve supported firms in implementing a new management structure — one that ensures every employee has a leader accountable not only for their output, but for their career development. And we’ve doubled down on upskilling those people managers, so they have the tools to lead with clarity, empathy and accountability.”

Porte Brown also stressed the importance of mentorship.

“New hires at Porte Brown are assigned a manager that coaches them on best practices and technical skills within their role,” Hoffman said. “They are assigned a mentor that helps them get acclimated to the work environment and act as another point of contact for any questions. The training department plays a vital role in teaching them everything they need to know for their career and reviews their work.”

Firms are finding that their youngest members have unique challenges.

“We also continue to see the lingering effects of the pandemic on early career talent, particularly among students who began college during COVID,” explained Sheftel. “Limited in-person learning and remote experiences have impacted the development of foundational professional and communication skills, which presents a challenge as they transition into the workplace.”

The generation also has specific needs. “We’re navigating a generational shift where the next wave of talent is seeking more than just stability — they want flexibility, purpose, growth and strong leadership,” Nash said. “Firms are competing for a shrinking pool of experienced professionals, and at the same time, battling outdated perceptions of the industry. Repositioning accounting as a dynamic, fulfilling career path isn’t just an opportunity — it’s a necessity.”

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Accounting

Continuous Auditing Transforms Corporate ERPs

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continuous auditing transforms corporate erps

As corporate accounting departments cross the threshold into late July 2026, the adoption of continuous, automated auditing systems has reached a definitive turning point. Driven by advances in artificial intelligence and deep integration with modern Enterprise Resource Planning (ERP) platforms, leading finance organizations are moving away from traditional, periodic post-hoc audits in favor of real-time, 100% transactional verification. This technological transition is redefining internal control environments, reducing compliance costs, and eliminating the structural delays inherent in legacy quarterly closing processes.

Unlike traditional auditing frameworks that rely on statistical sampling—a process that inevitably leaves operational blind spots—continuous auditing software monitors operational data feeds continuously. Every purchase order, electronic invoice, payroll disbursement, and cross-border wire transfer is automatically cross-referenced against established corporate governance parameters, regulatory tax schedules, and anti-fraud algorithms in real time. Anomalies or unauthorized ledger entries are flagged instantly, allowing internal audit teams to investigate and remediate compliance gaps immediately rather than months after the close of a financial period.

The implications for executive financial management are far-reaching. By embedding continuous verification directly into daily transaction workflows, chief financial officers gain uninterrupted visibility into the organization’s true financial standing. Real-time balance sheet auditing eliminates the severe operational bottlenecks associated with month-end and quarter-end financial reconciliations, freeing accounting professionals to focus on strategic financial modeling, tax planning, and capital allocation rather than manual data entry and spreadsheet consolidation.

However, implementing continuous auditing requires accounting leadership to invest heavily in data governance and technical upskilling. Internal audit teams must evolve from manual ledger reviewers into system architects capable of auditing complex algorithms and validating automated data pipelines. Accounting firms and corporate controllers that master continuous auditing will establish a resilient compliance framework capable of meeting stringent international regulatory standards with total transparency.

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Accounting

U.S. Imposes New 50% Tariffs on Canadian Imports Under Rare Legal Provision

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U.S. Imposes New 50% Tariffs on Canadian Imports Under Rare Legal Provision

WASHINGTON — In a major escalation of cross-border trade friction, U.S. President Donald Trump has signed executive orders imposing new 50% tariffs on a wide selection of Canadian exports, citing discriminatory practices by Ottawa targeting American auto, dairy, and beverage industries.

The new duties, announced Monday, will take effect in 30 days. They target a broad spectrum of consumer and industrial goods—ranging from wine, liquor, and milk products to commercial cement, furniture, clothing, and hockey equipment.

Untested Legal Mechanism

To enact the sweeping measures, the administration invoked Section 338 of the Tariff Act of 1930—a rarely used legal provision allowing the executive branch to levy additional tariffs of up to 50% on foreign nations deemed to discriminate against U.S. commerce.

White House officials noted that Section 338 addresses trade discrimination rather than national security or economic emergencies. The move comes months after prior global emergency tariffs faced legal challenges in domestic courts, signaling Washington’s pivot toward alternate statutory authorities to maintain import duties.

Senior administration officials briefed reporters that the measure directly responds to Canadian provincial bans on U.S. alcohol, restrictions on American vehicle exports, and import quota disparities affecting U.S. dairy and cheese producers relative to third-party trading partners.

“While the administration continues to secure reciprocal trade agreements globally, Canada retaliated against efforts to protect domestic industry,” U.S. Trade Representative Jamieson Greer stated.

USMCA Impact and Carve-Outs

Significantly, the newly ordered 50% duties will apply to designated items even if they otherwise comply with the United States-Mexico-Canada Agreement (USMCA).

However, the administration confirmed key targeted exemptions:

  • Energy products (including oil and natural gas)
  • Potash and critical minerals
  • Fish and seafood
  • Goods already governed by sector-specific duties (such as existing steel and aluminum tariffs)

Administration representatives emphasized that the tariffs do not stem from recent disputes concerning drifting Canadian wildfire smoke, noting that policy options regarding environmental spillover remain under separate review.

Canadian Response and Market Reaction

Following the White House announcement, the Canadian dollar experienced a sharp decline against the U.S. dollar, falling approximately 0.4% during evening trading.

Canadian Prime Minister Mark Carney issued a statement emphasizing that Canada’s earlier counter-duties had merely matched previous U.S. trade actions. “Canada stands ready to engage intensively to address outstanding issues with the U.S. to the mutual benefit of our citizens,” Carney stated, pointing to detailed proposals Ottawa submitted to modernize the USMCA framework.

Ontario Premier Doug Ford took a firmer stance, urging a “dollar-for-dollar” reciprocal response if the measures go into effect on August 19.

With a 30-day implementation window before the duties officially lock in, industry associations and trade groups on both sides of the border are calling for urgent bilateral negotiations to avert further supply chain disruption across North America.

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Accounting

Automated Continuous Auditing: Transforming Compliance and Real-Time Financial Oversight

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Transforming Compliance and Real-Time Financial Oversight

The traditional accounting paradigm—defined by periodic monthly closures and post-hoc annual audits—is rapidly giving way to continuous, automated financial oversight. As of July 2026, forward-thinking accounting practices and multinational corporate finance departments are leveraging continuous auditing systems powered by advanced machine learning models. These systems monitor operational transactions in real time, shifting audit methodologies from sample-based post-analysis to absolute, 100% transaction-level verification.

The operational advantages of continuous auditing are transformative. Standard auditing procedures historically relied on statistical sampling, which, despite rigorous methodology, inherently left gaps where anomalies or fraudulent transactions could go undetected for months. Modern continuous auditing platforms integrate directly with enterprise resource planning (ERP) databases, instantly cross-referencing purchase orders, invoices, bank feeds, and tax records. Any deviation from established control parameters or unusual transaction behavior triggers immediate flags for internal audit teams, dramatically reducing detection lag from quarters to seconds.

Beyond fraud prevention, continuous auditing fundamentally alters internal reporting and decision-making. Executive leadership no longer has to wait weeks after the close of a quarter to evaluate precise financial standing; real-time verified ledger data provides an uninterrupted view of operating margins, tax liabilities, and cash flow dynamics. This real-time visibility enables corporate controllers to adjust capital allocation strategies dynamically, mitigating liquidity constraints and capitalizing on emerging commercial opportunities far more efficiently than competitors bound to legacy reporting cycles.

However, implementing continuous auditing requires accounting professionals to acquire new analytical capabilities. The role of the auditor is evolving from manual data reconciliation toward system validation, algorithmic model governance, and strategic risk interpretation. Accounting firms and corporate finance departments must invest in continuous technical education, ensuring that audit staff possess the data engineering skills necessary to design, maintain, and evaluate complex automated compliance systems.

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