EY Pledges $1 Billion to Attract Next Generation of CPAs (1)

Ernst & Young LLP said Wednesday that it would invest $1 billion to increase wages for entry-level accountants and expand the Big Four firm’s use of artificial intelligence as part of its efforts to boost interest in CPA careers.

The US firm said the higher pay would put young accountants on par with compensation for other business school graduates—a move that could close a wage gap that has contributed to waning interest in the accounting profession. By moving ahead of its competitors, firm leaders also hope to cement EY’s place as a top employer to start a tax or audit ...