news&trends.

Internal audit leaders have used the disruption to drive positive change and help start to shape the internal audit workforce of the future, and are now looking for highly skilled, digitally savvy, data-oriented professionals to take on a range of challenging internal audit roles"

--Protiviti Managing Director Andrew Struthers-Kennedy

What's to blame?

When people lose money, they often look for someone to blame. And CPAs can get caught in the cross hairs.

The following are the types of claims asserted against CPA firms in the AICPA Professional Liability Insurance Proqram in 2021:

73%: Tax services 9%: Accounting/bookkeeping services 9%: Consulting services 5%: Auditing and attest services 4%: Fiduciary services CNA Accountants Professional Liability Claim Database the numbers

1 in 5

The number of Americans who say buying the new iPhone is worth going into debt.

--WalletHub

24%

The number of executives who say they are investing in finance and accounting to drive growth,

--Paro

$1.3M+

The amount of penalties the Public Company Accounting Oversight Board has levied against registered accounting firms and individuals.

--AccountingToday

68%

The number of workers who retired during the pandemic who said they would consider returning to work.

--CNBC

6.5%

The expected average increase in health care costs for employers in 2023, more than double the 3% increase in 2022.

--Aon

CalOSBA's Website: A Resource for You & Your Small-business Clients

CalOSBA's website (calosba.ca.gov) connects California's small-business community with resources available through the state-funded small business technical assistance program and other state resources. More recently CalOSBA launched the Outreach and Engagement website: https://calosba.ca.gov/about/calosba-outreach-and-engagement/. This new website offers a large amount of outreach and marketing materials for technical assistance partners, including access to media toolkits for initiatives such as the Dream Fund, event amplification opportunities.

Rise & Stride: A Look at California's Business Environment

One thing is always constant when it comes to California's business environment--change, CalChamber CEO Jennifer Barrera discusses what's top of mind for business, as well as what issues business should be on the watch for. Check it out at calcpa.org/riseandstride.

Listen, like, comment and share past episodes, as well, or find the podcasts on Spotify or Amazon Music.

CalCPA Education Foundation brainfood...