Withum

NOVEMBER 12, 2024

Understanding when audited financial statements of a retirement plan are required to be attached to a Form 5500 is an important part of demonstrating fiduciary responsibility over the plan and preventing unnecessary fines for an invalid filing of the 5500.

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audit financial statements accounted Account 122

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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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

CPA Practice

NOVEMBER 11, 2024

The Public Company Accounting Oversight Board (PCAOB) revoked the registration of a Chinese audit firm on Nov. auditing rules and for failing to cooperate with an investigation into those violations. 8 for repeated violations of U.S.

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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

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

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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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

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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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

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.

CPA 111

CPA Wisconsin North Carolina Iowa 111

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.

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Sales Tax Education audit 264

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

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.

Missouri 111

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.

quickbooks 130

quickbooks payroll Technology audit 130

TaxConnex

FEBRUARY 13, 2024

To help financial leaders better understand what their peers are doing when it comes to sales and use tax in 2024, TaxConnex® conducted its fourth annual sales tax survey in November of 2023. More than 100 financial leaders from different industries and from a wide range of sizes responded. Their responses are included in the following blog.

Sales 264

Sales Tax audit CPA 264

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

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 accounted Account accountant 124

ThomsonReuters

JANUARY 8, 2024

Download our white paper to learn about: AI’s role in tax What to look for in AI technology The importance of data quality Streamlined processes AI has transformed the audit process within the tax and accounting profession. However, with the advent of AI-powered audit software, the process has become more efficient and accurate.

Tax 101

Tax accounted Account accountant 101

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?

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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?

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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.

Minnesota 113

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

Cherry Bekaert

SEPTEMBER 29, 2023

Contact Us The post Employee Retention Credit (ERC) Updates September 2023 appeared first on Cherry Bekaert.

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audit Tax Government 110

CPA Practice

MAY 15, 2024

KPMG audited the most newly listed companies in the first quarter of 2024, which saw 46 initial public offerings that raised a combined total of $8.9 billion, according to a new analysis from Ideagen Audit Analytics. Data courtesy of Ideagen Audit Analytics. The other unicorn in Q1, Kaspi.kz Joint Stock Co., Joint Stock Co.,

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audit Sports auditor 87

CPA Practice

FEBRUARY 24, 2023

A new survey from lease optimization software provider Visual Lease has found that, while 70% of senior real estate executives reported that their businesses are looking to add space as a part of their 2023 real estate strategy, 88% are planning for physical space needs just one year or less in advance.

Real Estate 124

Real Estate audit Government Technology 124

TaxConnex

NOVEMBER 2, 2023

October 15 th ended the last major income tax due dates in 2023. Most CPAs use the fourth quarter of the year for audit and tax planning for clients, strategic planning for the firm and of course, CPE. Look out for our December webinar for an additional CPE credit!)

Sales 263

Sales Tax income tax tax planning 263

CPA Practice

DECEMBER 1, 2023

The Public Company Accounting Oversight Board (PCAOB) has doled out a record $20 million in total fines to audit firms and individual auditors so far in 2023, almost doubling the previous high mark of $11 million set last year. This egregious audit failure is unacceptable. issuer and registered broker-dealer audits.

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auditor audit financial statements accounted 105

Going Concern

SEPTEMBER 22, 2023

EY Survey: 86% GCCs cite service expansion as their top business priority [ EY ] Global Capability Centres (GCCs) in India are expanding their services with a focus on transformation, innovation, and knowledge-based capabilities, as per EY India’s GCC Pulse Survey 2023. It’s free and provides CPE; advance registration is required.

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audit accounting and finance Virginia auditor 109

CPA Practice

APRIL 19, 2023

According to Caseware’s 2023 State of Accounting Firms Trend Report , more than 90% of accountants and 95% of auditors find hiring skilled talent challenging. She’d tried moving to the audit department and even leaving to work in industry but hadn’t found the right fit. Fortunately, it is possible to grow your team and meet your goals.

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Technology CPA tax return auditor 123

CPA Practice

MAY 5, 2023

Fortune recently released its 26th annual ranking of the 100 best companies to work for , and the business magazine’s list for 2023 includes seven of the top 15 biggest accounting firms in the U.S. Note: Fortune’s ranking came out before EY decided to scrap its plan to split the firm’s auditing and consulting businesses.

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cpa firm CPA accounting firms Healthcare 124

CPA Practice

NOVEMBER 4, 2024

audit workforce—that they would be losing their jobs in the coming weeks, the Wall Street Journal reported on Monday. The job cuts will impact employees such as audit associates and managers but not partners, according to the WSJ. These job cuts also included employees in business services, audit, and tax. of its U.S.

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audit accounting firms Tax accounted 64

Going Concern

JANUARY 12, 2024

million in audit fees in 2022.) How did Deloitte, the auditing heavyweight watching over Tingo’s books, miss a scam that Hindenburg, an outsider, called out as painfully obvious? Audit Do former regulators improve the quality of audits? Audit Do former regulators improve the quality of audits? Tingo paid $1.6

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