CPA Practice

SEPTEMBER 12, 2023

Technologists Randy Johnston and Brian Tankersley, CPA, discuss Audit Sight , a technology platform that eliminates manual work for auditors, diligence and private equity providers by automating financial transaction verification. Use the podcast player below to listen. But you know, where we’re gonna be in the audit territory today?

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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.

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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.

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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.

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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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Going Concern

NOVEMBER 1, 2024

Audit Private Equity’s Ties to Companies’ Auditors Have Never Been Closer. accounting firms will have either sold an ownership stake or part of their business to private-equity investors, up from zero in 2020, said Allan Koltin, chief executive at advisory firm Koltin Consulting Group. That Worries Some Regulators.

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Going Concern

OCTOBER 14, 2024

NL Times reports : Exam fraud has been committed at PwC in the Netherlands, the accounting and consultancy firm reported this in its annual report for 2023 and 2024. The Netherlands Authority for the Financial Markets (AFM) asked all major accounting firms to conduct such an investigation. “ They asked the wrong people.

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accounted Account accountant audit 59

Going Concern

JANUARY 30, 2023

Deloitte & Touche LLP partners and staffers failed to make financial disclosures required to ensure the independence of their audit work, according to new details from the firm’s 2018 PCAOB inspection. I have had only one or two students interested in working for a CPA firm the last couple of years.

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Going Concern

OCTOBER 20, 2023

The strategic acquisition also encompasses Mueller dotKonnect, a business process outsourcing firm specializing in finance, accounting, tax and payroll functions. Brentwood-based LBMC, a business consulting and financial services firm, will welcome Louisville-based accounting firm Strothman & Co under its family of companies.

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Going Concern

JANUARY 6, 2023

Wooooo it’s the first Footnotes of 2023! Money Diary: A Senior External Auditor On 54k [ Refinery29 ]. “I’m 27 years old and currently working as a senior external auditor at an accounting firm in London. Challenges And Opportunities For Accounting Departments In 2023 [ Forbes ].

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Going Concern

MAY 26, 2023

Audit Bitcoin Miner Riot Dumps Auditor for ‘Big Four’ Accounting Firm [ Blockworks ] Riot Platforms is looking to switch accounting firms as the landscape for crypto company auditors remains in flux. Deloitte is set to act as the mining company’s independent registered public accounting firm for 2023.

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Going Concern

SEPTEMBER 29, 2023

Prism didn’t issue a conclusion on the earnings report for the first half of 2023, citing multiple uncertainties. Those two firms, Marcum LLP and Withum Smith+Brown PC, reaped millions in special purpose acquisition company audit fees. Still, the results give offshore bondholders something to chew on.

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CPA Practice

FEBRUARY 28, 2023

The American Institute of CPAs (AICPA) and CPA.com announced its 2023 Startup Accelerator cohort at a kick-off meeting held at AICPA headquarters in New York. Audit Sight – The company’s platform eliminates manual work for auditors, diligence and private equity providers by automating financial transaction verification.

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E-commerce Technology Texas accounting and finance 52

Going Concern

MARCH 1, 2024

On June 6, 2023, the PCAOB issued for public comment a proposal ( PDF ) that would amend PCAOB auditing standards related to the auditor’s responsibility for considering a company’s NOCLAR, including fraud. The previous public comment period closed August 7, 2023, and all comments are available on the PCAOB website.

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Going Concern

FEBRUARY 3, 2023

Ironically, Ergo’s auditor is Mazars, a big rival of Grant Thornton among the second tier of Irish accounting firms. Grant Thornton were auditors until McCann became Ergo’s chairman in 2015. When I went on the board here we had to resign as auditors.” The number of non-CPA professionals employed by the St.

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CPA Practice

JUNE 15, 2023

worker satisfaction since 1987, declares in its 2023 survey report that “U.S. CPA firms are among the employers that may want to be extra cautious about if and how they instruct their workers to return to the office. Your CPA firm probably experienced this to some degree. workers have never been more content.”

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Going Concern

SEPTEMBER 27, 2024

Similarly, 78% of business leaders ranked “safe and secure” as one of their top three ethical technology principles, marking a 37% increase from 2023, further demonstrating how the issue of security is top of mind. Downtown-based Barnes Dennig has finalized a transaction to merge an Indianapolis CPA firm into its operations.

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CPA Practice

FEBRUARY 23, 2023

More than 300,000 accountants and auditors in the United States have left their jobs in the past two years, according to a Wall Street Journal article citing federal data. The AICPA also notes that fewer accounting students are earning the CPA designation. The number of U.S. To turn things around, managers need to get creative.

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Going Concern

FEBRUARY 9, 2024

The Big Four firms targeted a portion of their millions in Capitol Hill spending last year on a pivotal problem facing the industry: shoring up a dwindling supply of qualified accountants. million directly lobbying Congress in 2023, focusing on issues such as digital assets and immigration requirements. accounting software?

Technology 104

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Going Concern

SEPTEMBER 15, 2023

Rules and Regs At September 19 Open Meeting, PCAOB to Consider Proposed Changes to Board Rule on Contributory Liability for Firm Violations [ PCAOB ] We’ll be sitting in on this and reporting back so you don’t have to. Comment letters raise serious questions about the consequences of the proposed changes.

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CPA Practice

MARCH 7, 2023

More than 300,000 accountants and auditors in the United States have left their jobs in the past two years, according to a Wall Street Journal article citing federal data. The AICPA also notes that fewer accounting students are earning the CPA designation. The number of U.S. To turn things around, managers need to get creative.

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accounted Account accountant accounting and finance 105

CPA Practice

JANUARY 10, 2024

LeaseCrunch optimizes lease accounting processes for CPA firms by automating calculations and the required deliverables. The solution allows firms to streamline operations, save time, reduce errors, lower costs and simplify compliance with the new lease accounting standards. The transaction closed in the fourth quarter of 2023.

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CPA Practice

MARCH 21, 2023

AuditClub, a collaborative “Audit Service Center” for CPA firms and companies, has introduced AuditClub One, a in order to address the talent exodus and pipeline problems prevailing throughout the profession. Accountants are leaving corporations and audit firms in record numbers, as they reevaluate what they want from their careers.

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CPA Practice

AUGUST 28, 2024

as they promise to dramatically improve client services, firm management, small business accounting and many other areas of operations. Our innovation has been widely recognized, winning “Accounting Tech of the Year” at the 2023 US FinTech Awards and “Best Real-Time Payments Solution” at the PayTech Awards USA 2023.

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CPA Practice

JANUARY 17, 2024

An insightful takeaway from 2023 is that for CPA firms and entities handling the intricate world of ongoing lease accounting this becomes even more critical. The Importance of Automation ASC 842 and GASB 87/96 necessitate seamless collaboration across CPA firms and their clients.

Technology 59

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CPA Practice

JANUARY 24, 2024

But for CPA firm leaders, it’s difficult to focus on the future when you’re dealing with a host of immediate business priorities. If your CPA firm is feeling the impacts of the talent shortage acutely, you’re in good company. This is also against the backdrop of tax season, one of the busiest times of the year.

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Going Concern

MARCH 22, 2024

But until a deferral is confirmed, CPAs must consider which role they will serve for clients required to file when the CTA becomes effective. City Manager Tom Sarvey said every three years, the city is required to review its contracted auditing firm. What Role Should Auditors Play in Corporate Compliance?

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CPA Practice

AUGUST 9, 2023

AuditClub, the Audit Service Center for CPA firms and companies, has launched a new alliance model designed to connect tax and non-attest accountants with AuditClub One assurance professionals to improve service delivery options to clients. “In As a result, Lighthouse has become a one-stop shop for all accounting related services.”

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Going Concern

DECEMBER 31, 2022

We’re currently working on an updated version of all these projections for 2023, in the meantime you can check out some 2023 accounting salary projection posts we’ve already put together. And CPA firms that worked with Alliantgroup are receiving messages from a federal grand jury subpoena , or so we hear.

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CPA Practice

APRIL 24, 2023

ITA is the highly-regarded international not-for-profit association of leading Consulting firms and VARs, CPA firms, and technology product/service providers. As a new ITA member, LeaseQuery will attend the ITA 2023 Spring Collaborative in Vancouver BC Canada April 23-25, 2023.

Technology 40

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Going Concern

AUGUST 19, 2024

The firm also revealed mundane work previously performed by humans, such as reviewing regulatory documentation and creating training materials, was now the partial responsibility of bots. In fact, KPMG has put in place 20 of a planned 125 “digital FTEs” – or full-time equivalents – the firm said. The firm’s 2023-24 revenue was $2.2

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Going Concern

JUNE 21, 2024

Struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can help! With our Always-On Recruiting service, access a pool of skilled remote accountants without any upfront costs. Sign up now to see the complete candidate list and connect with potential hires.

Real Estate 52

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CPA Practice

JULY 27, 2023

A Top Technology Initiative Article – August 2023, With so much coverage of Artificial Intelligence (AI), ChatGPT, and many trying to be “the expert,” I thought it was past time to turn to help you with your AI strategy. As noted in my April column , there are various innovative uses of AI and privacy risks for your client data.

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Going Concern

MARCH 17, 2023

Practice 3 trends that will reshape accounting and finance in 2023 [ Journal of Accountancy ] 1. QAD experience suggests that this downward trend is likely to be echoed in its final conclusions on the year ended 31 March 2023. The program begins June 19, 2023, and applications are now being accepted at CLAconnect.com/en/hsintern.

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CPA Practice

JUNE 7, 2024

And the product conceptionally does some very important things, was released officially November 7 of 2023. But you know, in terms of my CPA firms that are on the platform, the reports and the actual results are pretty stunning. And then the auditor focuses on the differences and figures out whether they’re reasonable or not.

Technology 64

Technology Tax accounted Account 64

CPA Practice

FEBRUARY 21, 2023

More than 300,000 accountants and auditors in the United States have left their jobs in the past two years, according to a Wall Street Journal article citing federal data. The AICPA also notes that fewer accounting students are earning the CPA designation. The number of U.S. To turn things around, managers need to get creative.

accounted 52

accounted Account accountant accounting and finance 52

ThomsonReuters

MAY 22, 2024

In today’s dynamic and competitive business environment, owners and partners of accounting and audit firms should, at least, be considering cloud-based technology as part of their broader strategies. It is a risk that firm leaders cannot afford to take. Those who fail to do so risk losing their competitive edge.

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