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Friday Footnotes: The ERC Problem; EY Double Dips; Stress Less in Public Accounting | 5.26.23

Going Concern

Long Read How a Pandemic-Era Program Became a Magnet for Fraud [ New York Times ] Amid the onset of the pandemic in 2020, as large swaths of the economy went into lockdown, Washington set up various programs to help keep businesses and their workers afloat. Have a safe Memorial Day. appeared first on Going Concern.

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How Did Crowe, Moss Adams, and Marcum Do In Their Respective 2020 PCAOB Inspection Reports?

Going Concern

The latest audit inspection results for Crowe show the 11th-ranked public accounting firm by revenue bombed 27% of the audits reviewed in the most recent PCAOB inspection cycle, but the firm was less bad in its 2020 report card than it was in 2019’s. Let’s take a look: Crowe. Moss Adams.

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Jeanne Dee Appointed to FASB Not-for-Profit Advisory Committee

Anders CPA

The role of the committee is to gather input from the not-for-profit sector on current and proposed technical agenda projects, existing financial reporting guidance and longer term or pervasive financial reporting matters affecting their organizations. in Accounting from the University of Missouri – St. She holds a B.S.

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Changes in 2024 CPA Exam Put Technology Front and Center

CPA Practice

The Uniform Certified Public Accountant Examination (CPA Exam) is regularly updated to reflect enhancements to accounting and auditing standards as well as tax laws and regulations — and to improve the efficiency of the exam. Like many industries, the accounting profession needs more qualified people. By Gail Cole.

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Changes to Your Annual Employee Benefit Plan Audits Are Here: What You Need to Know

Withum

The AICPA Statement on Auditing Standards (SAS) No. The AICPA Statement on Auditing Standards (SAS) No. In 2015, the DOL’s Employee Benefits Security Administration (EBSA) published a study that examined the quality of audit work performed on employee benefit plans by independent qualified public accountants.

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New GASB Members Named

CPA Practice

With over 35 years of professional experience auditing, reviewing, and preparing local government financial statements, he brings both a technical and practical understanding of the role accounting plays in advancing transparency and accountability in government.” Ray was appointed to her first term on the GASB in 2020.

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PCAOB’s First-Ever Inspections of Audit Firms Based in China Revealed a Lot of Bad Auditing

CPA Practice

These were the PCAOB’s very first inspections of Chinese-based audit firms— the audit regulator secured complete access to inspect and investigate registered public accounting firms headquartered in mainland China and Hong Kong last year, ending a decades-long stalemate. Without access to these companies’ books, the U.S.

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