CPA Practice

NOVEMBER 5, 2024

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.

general ledger 98

general ledger auditor Connecticut accounting principles 98

Going Concern

MARCH 15, 2023

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.

auditor 145

auditor audit accounting principles financial statements 145

CPA Practice

APRIL 4, 2024

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.

accountant 53

accountant accounted Account accounting principles 53

CPA Practice

SEPTEMBER 5, 2023

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.

audit 59

audit cpas auditor accounting principles 59

ThomsonReuters

APRIL 18, 2023

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.

accountant 52

accountant accounted Account Technology 52

CPA Practice

MARCH 24, 2023

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.

New York 64

New York cpas CPA accounting principles 64

CPA Practice

OCTOBER 20, 2023

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?

audit 52

audit accounting and finance auditor accounting principles 52