Friday Footnotes: CPA Exam Scares Accounting Majors Away; EY Loses Fees in China | 5.12.23

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Friday Footnotes: CPA Exam Scares Accounting Majors Away; EY Loses Fees in China | 5.12.23

News from around the accounting profession for the week ended May 12, 2023.
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FDA green lights a new type of drug for menopausal hot flashes

The US Food and Drug Administration on Friday approved a new type of drug to treat hot flashes and night sweats during menopause. Veozah, or fezolinetant, made by Astellas Pharma, is the first neurokinin 3 (NK3) agonist. It blocks receptors in the …
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What has been driving inflation? Economists' thinking may have changed

So when prices started getting high again in 2021, economists and the U.S. Federal Reserve again worried that wage increases would become a big problem. But, it seems like the wage-price spiral hasn’t happened. In fact wages, on average, have not kept up …
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The Pros and Cons of Using Cloud-Based Accounting Software

Accounting is one major business function that has thrived over the years with the rise of cloud computing. Once dependent on manual labor and
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