Summit CPA

OCTOBER 10, 2024

IRS criminal investigations during the 2023 tax filing year identified potentially $37.1 Do not withhold information from an auditor intentionally. Hiding information from an auditor may create a fraudulent situation. Every year there are thousands of investigations launched by the IRS in their fraud prevention campaign.

auditor 93

auditor audit tax return Tax 93

Going Concern

NOVEMBER 8, 2024

They don’t even have time to sit for their CPA exam because they’re working so many hours.” However, the town claims it is not able to act on one of the recommendations by auditors. “It made recruiting a lot easier,” Rojas says. We’re still getting a lot of recruits who are remote and coming from the big firms who are just burnt out.

Florida 98

Florida Mississippi audit auditor 98

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. Everything was handled by a CPA, from collecting client documents to doing the work and delivering the tax return, financial statements or other work products.

Technology 123

Technology CPA tax return auditor 123

Going Concern

MARCH 17, 2025

EY issued an internal control warning on a client : UBS’s auditors have expressed an “adverse opinion” on the bank’s internal controls over its financial reporting for 2024 after it failed to resolve issues related to misstatements inherited from Credit Suisse, the Swiss lender said on Monday.

Oklahoma 71

Oklahoma accounted Account accountant 71

CPA Practice

OCTOBER 2, 2023

However, it doesn’t mean CPA firms are finding it any easier to staff available positions — or hold on to the valued employees they already have in place. This finding is not surprising in a profession where unemployment rates for many in-demand roles, including accountants and auditors, typically trend well below the national average.

accounting and finance 128

accounting and finance cpa firm CPA Finance 128

CPA Practice

AUGUST 22, 2023

The Institute of Internal Auditors (IIA) – the internal audit profession’s leader in standards, certifications, education, research, and technical guidance worldwide – has approved Malta and Somalia as new affiliates to its global federation, further extending The IIA’s extensive international reach.

auditor 98

auditor audit Education CPA 98

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 105

auditor Entertainment audit Real Estate 105

CPA Practice

FEBRUARY 27, 2025

This latest knowledge check, or informal quiz, highlights various aspects of the new confirmation standard, which was approved by the PCAOB in September 2023.

auditor 105

auditor audit accountant accounted 105

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.

CPA 105

CPA auditor Tax accounted 105

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.

CPA 111

CPA quickbooks Real Estate auditor 111

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 115

cpa firm CPA accounting and finance Finance 115

Going Concern

JUNE 23, 2023

The CPA Journal ] Generation Z is beginning to enter the workforce, bringing with it a demographic shift that will affect every facet of American society, including the accounting profession. Expect 2023 enforcement against auditors to focus on quality control, culture, ethics and integrity.

cpa firm 105

cpa firm CPA auditor North Carolina 105

CPA Practice

APRIL 9, 2024

receiving Bachelor’s and Master’s degrees in accounting has dropped 17% over the past six years to roughly 66,000 in 2022 compared to 80,000 in 2016, according to the AICPA 2023 Trends Report. The results are profound: more than 99% of the top CPA firm leaders in the US said they can’t adequately fill their staffing needs domestically.

cpa firm 122

cpa firm CPA Technology Legal 122

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 105

CPA auditor Tax accounting and finance 105

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.

audit 132

audit auditor accounted Account 132

Going Concern

FEBRUARY 23, 2024

Sadly, I had to argue with them over their own language in black and white on how… — Eric Pierre, CPA (@yourfavecpa) February 22, 2024 Deloitte’s Adam Powick wrestles with the complaints of former staff and directors about the pressure to perform in a gruelling corporate culture. in last 12 months.

CPA 105

CPA Illinois auditor Iowa 105

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 105

auditor audit Virginia Technology 105

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?

Technology 111

Technology audit auditor general ledger 111

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 111

CPA accounted Account accountant 111

Going Concern

JULY 29, 2024

As a result, last year’s data shows more IPA 100 firms were increasing the hiring of talented non-CPAs. The percentage of non-CPA professionals was 50.3% The percentage of non-CPA equity partners was 8.0% At the time of CPAB’s 2023 inspection, MGO audited fewer than 50 Canadian “reporting issuers” (i.e.,

CPA 116

CPA accounted Account accountant 116

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 accounted Account accountant 98

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.

auditor 105

auditor audit financial statements accounted 105

Going Concern

OCTOBER 21, 2024

ICYMI: American Institute of CPAs (AICPA) and the National Association of State Auditors, Comptrollers and Treasurers (NASACT) suggest state and local governments step it up to beat the talent shortage. But accountants who do government work face unique challenges that require more specialized solutions.

accounted 59

accounted Account accountant South Dakota 59

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.

audit 136

audit auditor Government Finance 136

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 111

audit auditor Washington Government 111

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

OCTOBER 14, 2024

Fast forward to her sitting for the CPA exam 10 times and failing 9 while still in grad school… I had a glaring red flag in front of me that I was in the wrong profession, and yet, I clung to my career in accounting because it was a part of the plan. We don’t view AI as a substitute for auditors,” Shimek explained.

accounted 59

accounted Account accountant audit 59

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.

CPA 110

CPA tax consultant auditor audit 110

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 111

audit auditor Technology financial statements 111

Going Concern

SEPTEMBER 28, 2023

.” That’s what George Botic said to attendees of the AICPA & CIMA Conference on Current SEC and PCAOB Developments in January , a get together sort of like Burning Man for auditors except without the psychedelics and skimpy costumes. Auditors are wild, you never know. ” Relevant GIF.

auditor 110

auditor audit CPA public accounting 110

CPA Practice

NOVEMBER 25, 2024

She is the former Colorado state auditor, having served in that role for 10 years. During her tenure she was recognized for her innovative leadership style and was named one of three “Women to Watch” in the Experienced Leadership category by the Colorado Society of Certified CPAs. Prior to becoming a state auditor, Ms.

Wisconsin 52

Wisconsin Colorado auditor Oregon 52

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.”

audit 124

audit auditor forensic accounting Technology 124

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.

cpas 111

cpas audit auditor CPA 111

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 115

audit Sales Tax auditor 115

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

Going Concern

MAY 20, 2024

Illinois CPA Society has issued a new pipeline report: Re-Decoding the Decline. The findings provide invaluable insights the CPA profession and its stakeholders cannot ignore while trying to counter the persistent decline in the number of individuals pursuing the CPA credential. Can someone send us those slides ?

audit 105

audit auditor accounted Account 105

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.

audit 111

audit auditor Illinois CPA 111