Remove 2023 Remove accounting principles Remove auditor
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Lovesac to Pay SEC $1.5 Million to Settle Claims of Hidden Expenses

CPA Practice

The accounting problems came to light in April 2023, when Lovesac’s finance team found that approximately $2.2 million in invoices for products shipped during the 2023 fiscal year had not been recorded in Lovesac’s books and records until the first quarter of the 2024 fiscal year, according to the complaint.

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WTF Happened at SVB and Should KPMG Auditors Have Seen It Coming?

Going Concern

While the general investing public is asking “where were the auditors?” To any members of the general investing public reading this: “due professional care” means the independent auditor planned and performed the work required of them according to audit standards. Back to the auditors.

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Accounting-Related Class Actions Up Nearly 10% in 2023

CPA Practice

The number of accounting-related securities class-action filings rose 9.8% from 51 in 2022 to 56 in 2023, while the total value of settlements increased 11% year over year despite a decrease in the number of cases that were resolved, according to a new study from Cornerstone Research.

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AICPA News – Sept 2023

CPA Practice

The practice aid, Accounting for and Auditing of Digital Assets , is intended to provide nonauthoritative guidance on how to account for and audit digital assets under U.S. generally accepted accounting principles (GAAP) for nongovernmental entities and generally accepted auditing standards (GAAS), respectively.

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Top accounting issues in 2023

ThomsonReuters

Furthermore, Thomson Reuters research found that changes to tax rules is a major area of focus for employee training at firms in 2023, as 66 percent of firm leaders said they will offer such training to everyone in their firm.

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State CPA Societies in Action: New York State Society of CPAs

CPA Practice

CPAs are not only tax professionals, but we are also auditors, professors, legislators, consultants, trusted advisors, and problem solvers.” Top objectives for 2023 The NYSSCPA is focused on advocacy, public awareness, professional excellence, member growth and development, and diversifying the CPA profession.

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Specialized Audit Skills are Needed for Climate Transition

CPA Practice

In its “Sustainable Reality” report published in February 2023, Morgan Stanley’s analysis of 96,000 funds globally using Morningstar data saw sustainable funds continue to expand their market share. Growth in sustainable funds Sustainable business is growing rapidly. What is sustainable finance?

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