Going Concern

FEBRUARY 10, 2023

Talent As tax season approaches, accounting firms are short on staff [ Marketplace ] Oh hey! How can employers optimise working environments to support the needs of their accountancy teams and ultimately retain them, all while adding value to their organisation? The stablecoin firm released BDO’s assurance opinion on Feb.

Florida 105

Florida Tax North Dakota Account 105

Going Concern

MARCH 13, 2023

Bloomberg also reported on Saturday that Leerink and his team are seeking help to finance a potential management buyout of the business, as told to Bloomberg by a source that did not want to be identified. Earlier: KPMG has served as SVB auditor since 1994. You can still laugh and point anyway.

Account 105

Account accountant accounted auditor 105

Going Concern

JUNE 24, 2024

It’s Monday, June 24, 2024 and this is your news in and around the accounting profession. Raconteur profiled OnlyFans CFO Lee Taylor : It was the desire to hold “an influential position at an interesting company” that led Lee Taylor to accept a job as chief financial officer at OnlyFans back in 2019. Good morning!

Account 98

Account accountant accounted audit 98

Going Concern

JANUARY 25, 2023

When Thomson Reuters reported late last year that the Financial Accounting Standards Board (FASB) had proposed an eighth round of changes to lease accounting rules 1 , accounting and finance execs around the country channeled their inner Charlie Browns with a collective, “Good grief!”

Account 105

Account accountant accounted Real Estate 105

CPA Practice

JANUARY 17, 2023

In the last few years there has been a shortage of critical skills with regards to the accounting profession and especially in the output of North American and European professionals with CPA, EA and CMA qualifications. This accounting qualification shortage has put a squeeze on firm owners who require individuals with these designations.

cma 126

cma CPA accounting and finance public accounting 126

Withum

AUGUST 2, 2024

According to a federal indictment and a guilty plea, Ippei Mizuhara, Shohei Ohtani’s interpreter, unlawfully transferred more than $16 million from Ohtani’s bank account at a bank in Arizona to pay his gambling debts to an illegal bookmaking operation. During the account setup, Mizuhara translated for Ohtani.

Gambling 105

Gambling Arizona accounting and finance bookkeeping 105

Going Concern

FEBRUARY 13, 2023

In 2019-20, the British government spent nearly £1bn on strategy and other consultants — to the despair of some MPs. Mazzucato and Collington also widen their critique to include the Big Four accounting firms, such as Deloitte, and outsourcing companies, which carry out chunks of the state’s core functions. and its median gap was 23%.

Account 19

Account accountant accounted accounting and finance 19

CPA Practice

AUGUST 6, 2024

Brown Plus Welcomes Four New Team Members Leading accounting and advisory firm,Brown Plus, recently announced the hiring of four new team members: Michael Corona started with Brown Plus as an intern and is now an Audit Associate. He graduated from York College with a Bachelor’s degree in Accounting. Sikich Announces 2024 James A.

Pennsylvania 105

Pennsylvania Illinois accounting internships Ohio 105

Going Concern

OCTOBER 18, 2024

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. Firm Watch Accountancy firm BDO fined €1.3 BDO is going to appeal the decision.

audit 104

audit auditor New York accounting firms 104

Snyder

OCTOBER 12, 2022

This article might be useful for those choosing their career path in accounting or aspiring to change jobs as well as for owners of businesses who are considering various accounting solutions for their business. Current situation in the accounting industry. Accounting solutions. Bookkeeper vs accountant.

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bookkeeping accounting clerk E-commerce auditor 98

Going Concern

SEPTEMBER 29, 2022

She goes on to say the Board is not just pursuing individual wrongdoing but “holding firms accountable in more situations, including for failing to appropriately staff or respond to the risks of an audit.” 66 percent of new hires hired into accounting/finance functions at U.S. Will it be enough? 100% penalties.

auditor 59

auditor audit accounting and finance accounting firms 59

PYMNTS

JANUARY 13, 2020

Trade finance remains an essential tool for cross-border B2B trade, and with an estimated $1.5 Trade finance remains an essential tool for cross-border B2B trade, and with an estimated $1.5 However, the trade finance arena is not without its controversies and concerns. “We’re talking about $1.5

Finance 56

Finance accounting and finance Non-Profits B2B 56

PYMNTS

JUNE 29, 2020

billion accounting scandal, but restrictions on the collapsed German payments company will stay, Reuters reported. “We A number of British FinTech firms have suspended services following the FCA’s restrictions on Wirecard, leaving hundreds of thousands of accounts blocked, the news service reported.

auditor 89

auditor accounting and finance Government Finance 89

Going Concern

DECEMBER 22, 2023

Barring any huge incident like an accounting firm getting raided by the FBI on Christmas Day, there will not be any breaking news. One key reason: PwC is trying to compete for top talent amid a dwindling number of accounting majors. Tips are still welcome , nay, encouraged , and we’ll be monitoring the tipline. and Mexico.

auditor 111

auditor audit accounting firms accounting and finance 111

Going Concern

JANUARY 19, 2024

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. And take our 2024 Predictions for the Accounting Profession survey ! Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default.

Arizona 104

Arizona accounting and finance audit Technology 104

Going Concern

OCTOBER 11, 2022

These businesses have their financial advisory needs served by hundreds of thousands of small firm accountants and CPAs nationwide. Small business has unique needs for accounting services: primarily tax and advising, and secondarily day-to-day accounting needs to act as de-facto controllers and decision makers.

Education 104

Education Account accountant accounted 104

PYMNTS

JUNE 22, 2020

Auditors have refused to sign off on Wirecard’s results. Because Wirecard did not release its audited annual results (for 2019) last week, the loans could be called in. The firm has hired Houlihan Lokey, an investment bank, to try to find financing. . billion euros in cash and equivalents on hand; the 1.75

auditor 77

auditor audit accounting and finance Start-ups 77

Going Concern

SEPTEMBER 5, 2023

Stout served as the exclusive financial advisor to BDO and led the ESOP structuring, financing process, and execution on behalf of the company. Stout also served as the sole debt placement agent on a term loan financing led by Apollo-managed funds to facilitate the ESOP. The transaction closed on August 31.

Account 64

Account accountant accounted chartered accountant 64

PYMNTS

JUNE 24, 2020

As PYMNTS has chronicled , the saga began last week when Wirecard Founder and CEO Markus Braun resigned after auditors revealed that 1.9 billion) were missing from the German payment processor’s accounts in the Philippines. As a result, the firm said it will withdraw its 2019 and first-quarter 2020 financial results.

auditor 61

auditor accounting and finance Washington Finance 61

Going Concern

OCTOBER 9, 2023

Miller, a veteran finance executive who was lured to EY from the commodities trading firm Cargill, had been lined up to become chief financial officer of the consulting business if the spin-off had gone ahead. Who says accounting doesn’t pay?? The survey will close Dec. Here’s an interesting case.

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Account accountant accounted Iowa 69

Going Concern

APRIL 20, 2022

As I snarkily mentioned last week , the AICPA has finally released its much-anticipated 2021 Trends in the Supply of Accounting Graduates and the Demand for Public Accounting Recruits (or Trends , for short) report [PDF here ], a behemoth data dump of accounting industry stats first released in 1971 and released every two years since 2009.

Account 52

Account accountant accounted CPA 52

Going Concern

MARCH 16, 2022

The big news in the accounting profession yesterday afternoon from Dave Michaels of the Wall Street Journal was that the SEC is investigating the Big 4 and other public accounting firms on whether the consulting and non-audit services they sell to clients is conflicting with their independence as the auditors of said clients.

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audit auditor bookkeeping accounting and finance 52

CPA Practice

MAY 2, 2023

By Paula Laurenti, Key Accounts Manager at SAPRO. accounting profession is facing a severe shortage of certified accountants. Projections indicate that demand for accountants and auditors will increase by 13% between 2021 and 2031, with an estimated 136,400 job openings between 2021 and 2023. pre-pandemic to 62.1%

cpas 69

cpas auditor accounting firms accounting and finance 69

Going Concern

APRIL 15, 2022

To counter this perception, the accounting profession could be rebranded as a foundational force of social stability and progress, and not just as “a job” with long hours and low return on investment (ROI) on education. There is another way of putting this: Accounting is a profession whose brand has not been diluted.

accounting firms 52

accounting firms audit Account accountant 52

Going Concern

SEPTEMBER 15, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Happy National Leave Your Accountant the F**k Alone Day , everyone! The Public Company Accounting Oversight Board (PCAOB) will hold an open meeting on Tuesday, September 19, 2023, at 10:00 a.m.

Colorado 111

Colorado audit CPA Texas 111

Going Concern

DECEMBER 31, 2022

Here’s Everything We Know So Far About 2022 Accounting Salary Projections. The ninth most-read article on Going Concern in 2022 was a collection of 2022 salary projections made by Robert Half, Accounting Principals, Hays, and other staffing companies, all of which are experts in the field of disappointing accountants with salary offers.

accountant salary 105

accountant salary audit accounting and finance Tax 105

ThomsonReuters

APRIL 18, 2023

The accounting profession has faced a profound shift in recent years: from significant regulatory changes to an influx of innovative technologies, to reimagined business models, to an increase in client expectations. What are the current issues in accounting? The lease accounting standard became effective in 2019 for public companies.

Account 52

Account accountant accounted Technology 52

PYMNTS

MARCH 15, 2020

The SEC originally considered audit change requirements in May 2019 as part of an initiative to make it easier for companies to file an initial public offering (IPO), Reuters reported. Those firms can now sidestep the process of having an auditor check their internal controls, something implemented in 2002 with the Enron scandal and others.

audit 63

audit Indiana auditor Account 63

Going Concern

MARCH 17, 2023

Restoring Exam credits expired during COVID would help address CPA shortage [ AICPA ] The accounting profession is confronted with a talent shortage, and reinstating CPA exam credits that have expired since January 1, 2020, could have an immediate impact on our CPA pipeline. Certainly, credit goes to all who are attempting to do something.

Government 97

Government Gambling audit CPA 97

Going Concern

JUNE 12, 2023

Funny enough Reddit is completely down this morning so I can’t confirm r/accounting is MIA. KPMG on the UK economic forecast via The Guardian : A new report by the accountancy firm KPMG has found that the economy has enjoyed a better start to the year than it had thought, and is now expected to grow by 0.3%

Account 52

Account accountant accounted audit 52

Going Concern

AUGUST 7, 2023

Good morning and welcome to another edition of the Monday Morning Accounting News Brief, a wrap-up of the stuff you missed over the weekend, some of the stuff we missed last week, and whatever went down on the other side of the world while we were sleeping on Sunday.

Account 52

Account accountant accounted audit 52

Going Concern

MAY 13, 2022

Junior KPMG auditor ‘should not lose his home’ for misleading regulator, says tribunal [ Financial Times ] A former junior KPMG auditor should not receive a fine so large it could force him to sell his matrimonial home, a tribunal has said. ” COVID-19 has negatively impacted how auditors work [ Phys.org ] Duh?

auditor 52

auditor audit CPA accounting and finance 52

PYMNTS

OCTOBER 1, 2019

Reports also noted that analysts first sounded the alarm on Reliance earlier this year when auditors raised concerns over ambiguity in the firm’s accounting practices and related party transactions. billion in foreign loans so far in 2019, down from $2 billion during the same timeframe a year prior.

auditor 43

auditor accounting and finance Government Finance 43

CPA Practice

JUNE 21, 2023

Chris has more than 25 years of experience in the accounting, finance and software industries. He also served as the Chief Financial Officer of Occam Networks, the Corporate Controller of C-Cube Microsystems and as an auditor for Arthur Andersen. This is not surprising.

CPA 40

CPA tax preparation auditor Start-ups 40

Baruch Lev

NOVEMBER 11, 2021

He was last on back in July 2016 and we discussed his book, The End of Accounting and the Path Forward for Investors and Managers. We talk more about that book and his more recent article in Accounting Today, The sad state of accounting standards. What’s been the professions’ reaction to the book, The End of Accounting ?

audit 40

audit New York accounting and finance accounting standards 40

Going Concern

JULY 29, 2024

India Today explains why US firms love hiring accountants in India : Consequently, American firms are increasingly turning to other countries to fill the gap, particularly eyeing India for its highly skilled accounting professionals. … In essence, the US accounting crisis presents a unique opportunity for Indian accountants.

CPA 116

CPA Account accountant accounted 116

Going Concern

JANUARY 20, 2023

Practice Management How firms use stay interviews to boost retention [ Journal of Accountancy ] Job interviews have long been an essential part of the hiring process. But now, some public accounting firms are turning the lens on themselves.

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auditor Technology audit financial statements 98