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. A Going Concern Special Investigative Report: Why Does NASBA’s CPA Merch Suck So Bad? Yes, let’s.

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Minnesota CPA Start-ups Technology 113

Going Concern

MARCH 24, 2023

Reminder: you have until April 17 to weigh in on a proposal to extend the CPA exam window Practice Is it time for firms to transform their business model? Accounting Firm, Sees 15% Growth On Way to $2 Billion [ GlobeNewswire ] *makes jerkoff motion* Accounting Today recently named CLA (CliftonLarsonAllen LLP) to its 2023 Top 100 Firms List.

auditor 106

auditor Entertainment audit Real Estate 106

CPA Practice

FEBRUARY 28, 2024

Here’s some news from the labor market that’s both good and bad for CPA firm leaders and other employers of accounting and finance talent. In a similar survey our company conducted in mid-2023, that figure was significantly higher — 41%. If you were an in-demand accounting professional, would you want to join your CPA firm?

cpa firm 114

cpa firm CPA accounting and finance Finance 114

Going Concern

APRIL 12, 2024

ICYMI: These are the most-read articles on Going Concern this week: Tax Preparer Finds Out in the Worst Way Possible That ERC Wasn’t a Free Money Glitch Survey Says: Which Group of Auditors Are Most Satisfied With Their Salaries? We broke that record in 2023. We set a record in 2022. And we are breaking it again today.

CPA 106

CPA auditor Tax audit 106

Going Concern

JANUARY 9, 2023

A PCAOB inspections leader offers his insight to auditors at a conference: “The role of the financial statement auditor and the auditing profession continues to be a noble endeavor that has never been more needed and vital to our economic stability and the well-being of our capital markets,” said George Botic, CPA.

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CPA auditor Tax Account 106

Going Concern

OCTOBER 20, 2023

Local CPA weighs in on accountant shortage [ WMDT ] The Salisbury, MD news spoke to a UHY partner about the issue. CPA at UHY Group Mark Welsh tells 47ABC that recruiting slowing down has meant firms are turning to AI, Bots, and international workers to help fill demand, raising prices as much as ten percent for end-users. Welsh said.

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CPA quickbooks Real Estate auditor 111

CPA Practice

FEBRUARY 23, 2023

More than 90% point to hiring and retaining skilled accountants and auditors. That’s the finding of two newly released reports by leading software provider Caseware International , which surveyed more than 6,000 accountants and auditors globally. Responses were gathered from more than 4,100 accountants and 2,300 auditors.

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audit auditor Account accountant 132

Going Concern

MARCH 31, 2023

auditors who believe their part of the firm could end up weakened by a deal. accountants and auditors last year climbed at their quickest pace in recent years, but industry observers say increasing pay alone may not be enough to remedy a national shortage of accountants. John King and Frank Mahoney, senior U.S.

auditor 106

auditor audit Virginia Technology 106

Going Concern

MAY 12, 2023

Fired: job search or CPA exam? China’s Shift Away From Big Four Auditors Has EY Most Exposed [ Bloomberg ] Among the four biggest global accounting firms, Ernst & Young is likely to be the most exposed to Beijing’s crackdown on US-linked auditors, as it stands to lose about a 10th of its China revenue.

CPA 112

CPA Account accountant accounted 112

Going Concern

JULY 31, 2023

The PCAOB’s new rules would widen auditors’ responsibility to scrutinise whether a company is complying with laws and regulations, and to communicate more of their concerns to a company’s board of directors. link] — Hester Peirce (@HesterPeirce) July 27, 2023 Pick your sides, people. The fines add up to $195,000.

auditor 98

auditor Account accountant accounted 98

CPA Practice

OCTOBER 8, 2024

The 12th Annual Global Technology Audit Risks Survey by Protiviti and The Institute of Internal Auditors (IIA) highlights how AI is reshaping the perception of existing risks, with 59% of IT audit leaders identifying AI as a significant threat over the next two to three years.

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audit auditor Government Finance 136

CPA Practice

NOVEMBER 19, 2024

A new analysis of audit committee disclosures of companies in the S&P 1500 reveals a plateau in disclosure rates across several areas important to investors, including considerations in appointing or reappointing the external auditor, length of auditor tenure, and how the audit committee evaluates audit fees in relation to audit quality.

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audit auditor Government 110

CPA Practice

JULY 11, 2024

Notable changes to the Standards include new guidance on critical areas like cybersecurity and sustainability and a more flexible framework adaptable for auditors around the world. Though the new Standards become effective in January 2025, internal auditors are encouraged to begin planning their adoption now. “On Workiva Inc.,

audit 110

audit auditor Washington Government 110

CPA Practice

OCTOBER 10, 2023

As the scale of emerging technology risks facing companies continue to multiply, IT auditors play a key role in identifying these threats and helping their organizations to navigate them. A new survey conducted by Protiviti and The Institute of Internal Auditors (IIA) reveals which risks are keeping IT auditors up at night.

auditor 87

auditor audit Technology 87

Going Concern

JUNE 7, 2024

By Sharon Lassar, PhD, CPA (Florida) John J. The proposal would put the CPA on similar footing with the Association of Chartered Certified Accountants (ACCA) qualification. What might the ability to pursue a CPA without a college education do to starting salaries, even for those who choose to go to school? We don’t see that.

Education 111

Education Account accountant accounted 111

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. Having received that commitment, Gridsum promptly dismissed its then current auditor and hired Haoxin.

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auditor audit financial statements Account 98

CPA Practice

NOVEMBER 11, 2024

Over a period of several years, JTC Fair Song CPA Firm, a public accounting firm located in Shenzhen, the People’s Republic of China, repeatedly failed to make required filings in accordance with PCAOB rules, the audit regulator said. 8 for repeated violations of U.S.

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audit auditor cpa firm public accounting 109

CPA Practice

JULY 9, 2023

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. AuditFile is the only complete, cloud-based, all-in-one engagement automation platform for public accounting professionals and internal auditors.

audit 110

audit auditor Technology financial statements 110

CPA Practice

NOVEMBER 13, 2023

With a team that has decades of previous experience working as government tax auditors, the tax consulting firm specializes in state residency services and audit defense for ultra-high-net-worth individuals. The first occurred in March 2023 when Cohen & Co. Kristine Bly, in partnership with Szymkowiak, founded PEAR in 2022.

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CPA tax consultant auditor audit 108

CPA Practice

DECEMBER 1, 2023

Technologists Randy Johnston and Brian Tankersley, CPA, discuss TeamMate Document Linker for External Audit, a solution from Wolters Kluwer designed for CPAs, saving junior auditors time, strengthening audit quality, and improving auditor satisfaction. Use the podcast player below to listen.

Technology 98

Technology auditor audit CPA 98

CPA Practice

JANUARY 23, 2023

As accounting firms begin 2023 they have one thing top of mind — how to effectively recruit and retain talent. accountants and auditors have left their jobs in the past two years, a 17 percent decline, and the dwindling number of college students coming into the field can’t fill the gap.”

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audit auditor forensic accounting Technology 123

Going Concern

DECEMBER 1, 2023

As of 2023, 64% of certified accountants are White. chair and senior partner at PwC and the 2023 undergraduate Commencement speaker, addressed the students and their loved ones about the importance of “leading with love” and fostering trust in the workplace. But the doors of entry are selective. Only 10.8% are Hispanic or Latino.

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cpas audit auditor CPA 111

Summit CPA

APRIL 5, 2023

Tammy has been with Summit CPA Group for nearly five years. She is a Senior Auditor here at Summit CPA Group. Every month we spotlight one of our employees so you can get to know us better. This month we bring you Tammy Cline.

CPA 52

CPA auditor bookkeeping Tax 52

CPA Practice

SEPTEMBER 5, 2024

When large sums are involved, small discrepancies or mistakes in the filing process are magnified, leading auditors to closely monitor and potentially audit the business. 2023 saw an unprecedented 5.5 In these cases, auditors focus on low-hanging fruit like verification of proper exemption certificate documentation.

audit 114

audit Sales Tax auditor 114

CPA Practice

AUGUST 31, 2023

After Duke Alexander Moore got a sneak peek at the questions he and the two other panelists would be asked during a session at the 2023 Unique CPA Conference, “Bridging the Gap,” there was a topic he knew nothing about, even as the owner of a tax and accounting business: the traditional accounting firm partnership business model.

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cpa firm CPA cpas Account 94

Going Concern

JANUARY 12, 2024

Long Reads How Auditor Deloitte Missed A Nigerian Company’s Massive Fraud [ Forbes ] Hindenburg Research, known for sniffing out corporate scams, took aim in June at an obscure Nigeria-based outfit named Tingo Group. These issues were apparently not glaring enough for the company’s auditor, however.” Tingo paid $1.6 in 2021/22.

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audit auditor Illinois CPA 111

Going Concern

SEPTEMBER 29, 2023

CPA Exam Friendly reminder, deadlines to apply for BEC before the new exam in 2024 are quickly approaching. CPA Exam Candidates: You Better Hurry Up and Apply For BEC Before It’s Gone Forever Also, WTF? CPA Exam Candidates: You Better Hurry Up and Apply For BEC Before It’s Gone Forever Also, WTF? Did Exam Costs go up?

auditor 111

auditor audit New York CPA 111

Cherry Bekaert

AUGUST 18, 2023

Contact Us The post The Auditor of Public Accounts Oversight of Virginia Local Governments: Key Takeaways Impacting Your 2023 Audit and Financial Reporting appeared first on Cherry Bekaert. Discover our State & Local Government Services.

Virginia 52

Virginia public accounting auditor audit 52

CPA Practice

MAY 9, 2023

But employers — including CPA firms — shouldn’t assume they can breathe any easier when it comes to retaining in-demand talent. Hiring Survey suggest that skilled professionals are likely to find an abundance of job opportunities, given that many businesses are hiring both for new roles and vacated positions in the first half of 2023.

Account 114

Account accountant accounted cpa firm 114

CPA Practice

AUGUST 4, 2023

Notice 2023-59 , which was issued by the IRS on Friday, provides specific requirements to claim the tax credit and the process for conducting the home energy audit. The home energy auditor must provide a written audit report to the taxpayer. 2,000 per year for qualified heat pumps, biomass stoves, or biomass boilers. of this notice.

audit 98

audit auditor Tax Start-ups 98

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.

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general ledger auditor Connecticut accounting principles 98

CPA Practice

MARCH 24, 2023

Founded in 1897, the NYSSCPA offers networking opportunities for CPAs, along with CPE courses and conferences, over 50 committees that cover various specializations, and also publishes the CPA Journal. Diversifying the CPA Profession (DEI & NextGen): The NYSSCPA aims to build and welcome young people into the CPA profession.

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New York cpas CPA accounting principles 63

Withum

NOVEMBER 2, 2023

While government organizations and labor unions historically understand the need for such safeguards, industries across private and public sectors should be careful to choose auditors and business partners that have a demonstrated ability to protect client information by undergoing SOC 2 examination.

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audit auditor cpa firm CPA 111

Going Concern

MARCH 1, 2023

Former Accounting Team of FTX US Auditor Armanino Sets Up Shop as The Network Firm [ CoinDesk ] The post Armanino’s Former Crypto Team Has Left and Formed Their Own Shop, Allegedly appeared first on Going Concern. He is still listed on Armanino’s site and there he is asked “What was it that drew you to Armanino?

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cma audit CPA auditor 116

Going Concern

SEPTEMBER 30, 2024

Publications around the world continue to discuss the tragic sudden death of a young auditor at EY India and dirt keeps making its way to the surface. This recent r/CPA vent post isn’t being received too well (“Stop with the xenophobic drivel.”): Yes the same United States CPA designation u guys are studying for.

audit 106

audit Account accountant accounted 106

CPA Practice

AUGUST 28, 2024

CPA Practice Advisor has announced the 2024 Tax and Technology Innovation Award winners and finalists. The publication and online technology resource was founded in 1991 as The CPA Software News , and has evolved technologically along with the profession. In 2004, under the editorial leadership of Gregory L.

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Technology accounting firms Account accountant 124

CPA Practice

SEPTEMBER 17, 2024

During its inspections of public accounting firms’ audits of issuers from 2021 to 2023, the Public Company Accounting Oversight Board (PCAOB) saw a year-over-year increase in the number of comment forms related to auditor independence problems, the audit regulator said in a staff report released on Sept.

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auditor audit Technology accounting firms 52