CPA Practice

OCTOBER 29, 2024

A new pass-through field operations unit announced in fall 2023 has officially started work in the IRS’s Large Business and International (LB&I) division to more efficiently conduct audits of pass-through entities, the tax agency said on Oct.

income tax 115

income tax audit tax return Real Estate 115

CPA Practice

FEBRUARY 23, 2023

What is the fastest-growing challenge facing accounting firms and internal audit departments today? According to the surveys, to tackle this challenge and boost client collaboration, accounting and auditing organizations are ramping up the adoption of advanced technologies such as cloud services, data analytics and business intelligence.

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Accounting Today

FEBRUARY 28, 2024

The 83 publicly disclosed accounting and auditing enforcement actions represented the highest number of actions initiated since FY 2019.

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Accounting Today

SEPTEMBER 3, 2024

The International Auditing and Assurance Standards Board 2023-2024 Handbook includes ISA 600 and ISA for LCE.

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audit Account accountant accounted 110

Withum

FEBRUARY 14, 2025

Ryan, an audit manager in our Orlando office , serves privately owned and publicly traded clients in the Professional Services , Manufacturing, Distribution and Logistics industries. He is a graduate of the FICPAs Leadership Academy Class of 2023-2023, a high-impact, selective program for the accounting industrys emerging leaders.

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cpas Florida CPA Manufacturing 111

TaxConnex

APRIL 11, 2023

If you are a business that must collect and remit sales tax, an audit is probably one of your biggest fears. In fact, our annual survey of financial professionals on sales tax trends has ranked sales tax audits as a top worry for the third year in a row. If the number of audits has remained the same, why is it a top worry?

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audit Sales Tax auditor 130

CPA Practice

JANUARY 23, 2023

With markets changing and capital becoming more constrained by the day, there is a rapidly heightened awareness of the role that due diligence and audits play. These manual verification procedures are painstaking — and most often relegated to the audit professionals early in their career. By Tod McDonald.

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audit auditor forensic accounting Technology 124

CPA Practice

JULY 11, 2024

a provider of assured integrated reporting, has added the Global Internal Audit Standards to the Workiva platform, making it the first SaaS company to incorporate the newest standards into its suite of GRC (governance, risk, and compliance) solutions. Workiva Inc., from July 15-17, 2024.

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CPA Practice

SEPTEMBER 22, 2023

Taylor, Kiplinger Consumer News Service (TNS) IRS audits raise anxiety for many taxpayers. But beyond the EITC, there have been concerns over the years whether the IRS focuses enough on higher earners and has the resources to effectively audit complex partnerships and large corporations. Now, in a Sept. Now, in a Sept.

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audit income tax tax return Tax 119

CPA Practice

MAY 26, 2023

It is stepping up efforts to audit employers as aggressive promoters continue to make a pitch for fraudulent refunds (IR-203-40, 3/7/23). This type of scheme was recently included on the IRS’ list of the Dirty Dozen tax scams to watch out for in 2023. Practical advice: If you’re tapped for an audit, don’t panic.

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audit general ledger income tax tax return 138

Withum

SEPTEMBER 16, 2024

Adhering to regulatory requirements and ensuring compliance to avoid potential penalties are priorities for plan sponsors with employee benefit plan audits. Here are key insights and reminders to help you navigate the complexities of employee benefit plan compliance for the 2023 filing year.

CPA 124

CPA audit Real Estate income tax 124

Going Concern

NOVEMBER 16, 2023

The Financial Education & Research Foundation (FERF) has released the findings of its 14th Annual Public Company Audit Fee Study , sponsored by Center for Audit Quality. The report is based on responses from 54 financial executives at public companies and an additional survey of 116 audit engagement partners.

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audit auditor accounting and finance Education 119

Going Concern

SEPTEMBER 8, 2023

Another tipster said CBIZ was trimming staff in audit “in connection with that” though we didn’t get any numbers because no one ever talks about CBIZ, you probably forgot they existed until just now. The top ten firms collectively audit 68% of the total population. I’ll do some digging in the meantime.

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audit Gaming Real Estate Construction 122

CPA Practice

DECEMBER 9, 2024

For property placed in service beginning in 2023, a taxpayer may take a credit equal to 30% of the total amount paid for certain energy efficient products or for a home energy audit. Home energy audits are limited to $150. The credit is limited to certain amounts, per taxpayer and per tax year. 250 for an exterior door.

Manufacturing 97

Manufacturing tax return audit Tax 97

CPA Practice

MAY 25, 2023

It is stepping up efforts to audit employers as aggressive promoters continue to make a pitch for fraudulent refunds (IR-203-40, 3/7/23). This type of scheme was recently included on the IRS’ list of the Dirty Dozen tax scams to watch out for in 2023. Practical advice: If you’re tapped for an audit, don’t panic.

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audit general ledger income tax tax return 130

CPA Practice

SEPTEMBER 11, 2023

The Wisconsin Institute of Certified Public Accountants or WICPA has announced a series of upcoming conferences including the following: Business & Industry Fall Conference – September 18, 2023 at the Brookfield Conference Center in Brookfield, Wisconsin, which will be livestreamed for those not able to attend the conference in person.

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CPA Wisconsin North Carolina Iowa 111

CPA Practice

JULY 9, 2023

the developer of the award-winning cloud-based audit automation platform, has announced aquired Advantage Audit from John Wiley & Sons, Inc. Advantage Audit is an audit planning aid and audit program series designed to help auditors comply with risk-based professional standards in a straightforward and efficient manner.

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audit auditor Technology financial statements 111

CPA Practice

SEPTEMBER 5, 2024

Keeping up with sales tax changes can be difficult and, even if you’re careful, your business can be selected for a state audit. Just the thought of being selected for a sales tax audit can be intimidating.

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audit Sales Tax auditor 115

Summit CPA

OCTOBER 10, 2024

IRS criminal investigations during the 2023 tax filing year identified potentially $37.1 Information concealed during an audit. It’s stressful enough just going through a tax audit. The first thing you should do if you are selected for an audit is to seek help. billion in tax fraud and the conviction rate was 88.4%.

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auditor audit tax return Tax 93

Going Concern

DECEMBER 29, 2023

The barely anticipated year-end phoning in of content look back on what news was important to Going Concern readers and Google visitors in 2023. With Project Everest on Pause, Let’s Pause a Sec to Shed a Tear For EY’s Reputation As Transaction Advisors published March 16, 2023 #9. It’s here! Happy New Year, everyone!

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auditor Florida audit 111

CPA Practice

OCTOBER 22, 2024

Grant Thornton, a provider of end-to-end audit, assurance, tax and advisory services, has appointed Greg Davis to lead the firm’s Workday practice. Grant Thornton has also enhanced its Workday leadership team with the addition of Andrew (Drew) Houts, who joins the firm with nearly a decade of Workday ecosystem leadership experience.

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accounting and finance Healthcare Manufacturing payroll 119

MyIRSRelief

AUGUST 2, 2024

This dichotomy creates a complex tax landscape for cannabis businesses, particularly concerning compliance, audits, and the infamous Section 280E of the Internal Revenue Code (IRC). Navigating Audit s IRS Audits The IRS has made it clear that cannabis businesses are a priority for audits. As of 2023, the rates are $9.65

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audit Tax Nevada Colorado 130

CPA Practice

JANUARY 2, 2025

Average audit fees increased by 6.4% million the following yearaccording to the 15th Annual Audit Fee Survey and Insights Report from the Financial Education & Research Foundation. in 2023from $2.83 million in 2022 to $3.01

audit 85

audit Education 85

Anders CPA

OCTOBER 23, 2023

Anders is proud to announce that Lesley Sanchez, CPA , Audit and Assurance partner, has been named a 2023 MOCPA Woman to Watch. She began her career with the firm as an audit intern in 2009 and quickly made herself indispensable to both her clients and the firm itself. Learn more about Lesley Sanchez.

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Missouri audit public accounting CPA 111

CPA Practice

APRIL 17, 2023

2%) ————– – Sales & Use Tax Exemption Certificate Management Insight : One of the highest sales tax audit risks (after non-compliance) involves management of exemption certificates. Voters were allowed to select more than one, so totals exceed 100%. Although a small niche, about 10% of our voters had a preference in this category.

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quickbooks payroll Technology audit 130

Going Concern

NOVEMBER 1, 2024

Audit Private Equity’s Ties to Companies’ Auditors Have Never Been Closer. The supplement provides audit firms with additional guidance regarding remediation, including making the most of the remediation period, the potential influence of non-technical factors on persistent quality control criticisms, and more.

audit 52

audit Florida auditor accounting firms 52

Going Concern

NOVEMBER 4, 2024

This step is an expected development in relation to an investigation the AFP commenced in 2023 into the historical tax matter and individuals who have left our firm,” Burrowes told staff. “We The company reported this in its transparency report for 2023 and 2024. Public trust in the auditing profession is under intense pressure.

accountant 105

accountant accounted Account auditor 105

Going Concern

MARCH 17, 2025

UBS has been working to resolve issues in Credit Suisse’s internal controls and said last year it was still reviewing potential misstatements after acquiring the lender in a government-orchestrated rescue in 2023. It’s been almost exactly two years since UBS acquired what was left of Credit Suisse (March 19, 2023).

Oklahoma 71

Oklahoma accountant accounted Account 71

TaxConnex

JANUARY 9, 2024

The nationwide survey, conducted by In90Group in November of 2023, is composed of responses from 100 top finance professionals in a variety of industries regarding their thoughts and experiences in managing sales tax. This is our 4 th year conducting a survey though questions have adjusted slightly over the years.

Sales 264

Sales Tax Education audit 264

Going Concern

OCTOBER 17, 2023

The 2023 AICPA Trends in the Supply of Accounting Graduates and the Demand for Public Accounting Recruits report (short: Trends report) was released last week and spoiler alert, it’s dark. There’s a ton to dig into, while we’re doing that here’s a taste. This is all anyone cares about anyway right?

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accounting degree accountant accounted Account 124

CPA Practice

DECEMBER 4, 2024

The CPA branch of Grant Thornton, one of America’s largest audit, assurance, tax and advisory services firms, has been named the 2024 “U.S. Audit Firm of the Year” by Private Equity Wire. This accolade marks the firm’s second consecutive recognition by this organization, having been previously named “Best Middle Market Firm” in 2023.

audit 52

audit CPA Tax 52

Menzies

JANUARY 23, 2025

Overview Companies House has released the intended timetable for reforms under the Economic Crime and Corporate Transparency Act (2023). Menzies LLP - A leading chartered accountancy firm. These timelines depend on Parliamentary progress and may be subject to change.

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chartered accountant Legal audit accounting firms 59

CPA Practice

OCTOBER 31, 2023

For example, the “No Robot Bosses Act of 2023” ( L. 2023, S2419 ) was introduced in July of this year by Senators Bob Casey (D-PA) and Brian Schatz (D-HI) that would add protections for job applicants and employees related to automated decision systems and would require employers to disclose when and how these systems are being used.

Legal 116

Legal audit payroll Technology 116

CPA Practice

OCTOBER 18, 2023

The sessions and CPE fields of study for Ensuring Success 2023 have been announced. Ensuring Success will be held December 6-7, 2023. 2023 Sessions (Sessions are 1 hour each, starting at 9am ET, and all are free). 6, 2023): WHAT WOULD YOU DO? 7, 2023): AI FOR REAL: HOW CAN ACCOUNTANTS USE THIS TECHNOLOGY?

Education 119

Education cpas Spend Management accounting firms 119

CPA Practice

OCTOBER 30, 2023

The sessions and CPE fields of study for Ensuring Success 2023 have been announced. Ensuring Success will be held December 6-7, 2023. 2023 Sessions (Sessions are 1 hour each, starting at 9am ET, and all are free). 6, 2023): WHAT WOULD YOU DO? 7, 2023): AI FOR REAL: HOW CAN ACCOUNTANTS USE THIS TECHNOLOGY?

Education 119

Education cpas Spend Management accounting firms 119

Going Concern

DECEMBER 13, 2023

Before I look back on what I think were the best posts (ranked arbitrarily by me), allow me to resurrect this post from January 7: Let’s Start the Year Off With Some Doomsaying Predictions For the Profession in 2023. Yes, let’s.

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Minnesota CPA Start-ups Technology 113

CPA Practice

NOVEMBER 6, 2023

At Mazars, she specializes in accounting and auditing for transportation and logistics. Idaho Society of CPAs hosts 2023 tax updates for CPAs The Idaho Society of Certified Public Accountants (ISCPA ) is offering tax updates to CPAs for both personal and business clients. The program takes place Dec. 11-14 in Durham, North Carolina.

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CPA cpas Idaho Michigan 113