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 Account 105

Going Concern

FEBRUARY 17, 2023

If I was a society CEO and I had some members who were having trouble hiring CPAs knocking on my door, I would be trying to react. The 150 hour rule is not a dam holding back a flood of people who would become CPAs if only 150 weren’t blocking the way. This section is effective July 1, 2023. note: We agree. EFFECTIVE DATE.

Minnesota 119

Minnesota CPA Education cpas 119

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.

cpas 111

cpas quickbooks accounting and finance North Carolina 111

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. The New York State Society of CPAs has truly become thought leaders in the accounting profession and in finance.

New York 64

New York cpas CPA accounting and finance 64

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

Going Concern

MAY 20, 2024

Thanks to the widespread distribution efforts, 7,780 accounting students, graduates, and young professionals under the age of 35 who were pursuing or had pursued accounting degrees and careers—including CPAs and non-CPAs—completed the survey, including 3,287 full- or part-time students. TL;DR It’s about time!

audit 105

audit auditor Account accountant 105

ThomsonReuters

JUNE 16, 2023

Will it replace CPAs? This is one of the key reasons why AI plays an important role in audit. In audit, AI enables auditors to analyze large data sets and swiftly identify anomalies and patterns. This means auditors can shift away from sampling in favor of reviewing all of a client’s transactions in real time.

Account 110

Account accountant accounted Technology 110

CPA Practice

MAY 15, 2024

1%) Sovos Tax Solutions 0.5%) * Use tools built-into accounting software (34%) * Use state sales tax agency websites (21.3%) * Other: (8.3%) ————– – Sales & Use Tax Exemption Certificate Management Insight : One of the most easily scrutinized areas by sales tax auditors are exemption certificates, which are often poorly managed by businesses.

Technology 119

Technology accounting firms cpas Account 119

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

CPA Practice

JULY 17, 2024

With fewer young people entering the profession and an increasing number of baby boomers, who account for three-quarters of CPAs, heading for retirement, a Bloomberg analysis of data from the Bureau of Labor Statistics found that there are 340,000 fewer accountants than there were five years ago.

Account 124

Account accountant accounted Technology 124

Going Concern

SEPTEMBER 29, 2023

What CPAs can learn from Smucker’s [ Accounting Today Voices ] J.M. Prism didn’t issue a conclusion on the earnings report for the first half of 2023, citing multiple uncertainties. The accounting and advisory firm in an email said it plans to move its office from One Cleveland Center (1375 E.

auditor 111

auditor audit New York CPA 111

Going Concern

OCTOBER 14, 2024

Bring in the CPAs! 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 study at PwC, which covers July 2017 to October 2023, is expected to be completed in the next financial year.

Account 59

Account accountant accounted audit 59

CPA Practice

AUGUST 28, 2024

As in 2023, AI systems were again dominant among the winners of the 2024 Tax & Accounting Technology Innovation Awards, presented annually by CPA Practice Advisor, a technology and practice management resource for public accounting firms. “ Gone are the days of manually entering data for hundreds or even thousands of clients.

Technology 124

Technology accounting firms Account accountant 124

Going Concern

MARCH 22, 2024

” Complying with the Corporate Transparency Act [ CPA Journal ] By now, CPAs should be aware of the Corporate Transparency Act (CTA), passed in 2021 and effective January 1, 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.

Minnesota 113

Minnesota cpas audit CPA 113

CPA Practice

MAY 11, 2023

Accounting firms have faced a volatile profession in the past year as teams struggled with burnout while staff shortages increased, regulatory changes caught firms off guard – increasing compliance and security concerns – and tax laws became increasingly more confusing for clients and CPAs alike.

Account 119

Account accountant accounted payroll 119

Going Concern

NOVEMBER 1, 2024

Audit Private Equity’s Ties to Companies’ Auditors Have Never Been Closer. Circuit Court of Appeals on Thursday released an amended version of an opinion it originally decided in August 2023. 12, 2023, to April 16, 2024, during which time fraudsters filed 4,828 tax returns and claimed nearly $462 million in refunds, the report said.

audit 52

audit Florida auditor accounting firms 52

CPA Practice

NOVEMBER 13, 2023

will be entering the Buffalo market when a deal to acquire Szymkowiak & Associates CPAs and its sister firm PEAR Consultants closes next month. The first occurred in March 2023 when Cohen & Co. Top 50 accounting firm Cohen & Co. after the deal becomes final. PEAR’s tax consulting work complements much of Cohen & Co.’s

CPA 110

CPA tax consultant auditor audit 110

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

MAY 2, 2023

Projections indicate that demand for accountants and auditors will increase by 13% between 2021 and 2031, with an estimated 136,400 job openings between 2021 and 2023. Annual Replacement Employment for accountants and auditors in the US was 114,730 between 2020-2021, projected to rise to 129,627 by 2025-2026.

cpas 69

cpas auditor accounting firms accounting and finance 69

Going Concern

APRIL 28, 2023

New Jersey Society of CPAs Awards $221,500 in Accounting Scholarships [ NJCPA ] The New Jersey Society of CPAs (NJCPA) awarded $221,500 in scholarships to 53 New Jersey-based high school and college students on April 27 at the Pines Manor in Edison. Forget an MBA.

New Jersey 105

New Jersey Colorado Georgia audit 105

CPA Practice

OCTOBER 12, 2023

Now, it turns out this document linker product as some key things that they think are a big deal, they believe that will help Junior auditors save time, they think it will help with the workflow by matching text from scanned images. And then back to the CPAs. But the Jin O ‘s announcements were made on June 6 of 2023.

Technology 111

Technology quickbooks accounting and finance Legal 111

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.

audit 111

audit Nebraska auditor chartered accountant 111

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.

cpa firm 103

cpa firm CPA cpas Account 103

CPA Practice

SEPTEMBER 5, 2023

AICPA Updates Digital Assets Practice Aid, Adding Audit Guidance The American Institute of CPAs (AICPA), representing AICPA & CIMA, has updated its practice aid for accounting and auditing of digital assets, with added material on auditing.

audit 59

audit cpas auditor accounting principles 59

Going Concern

FEBRUARY 10, 2025

pic.twitter.com/BuMGHJuKx9 — Jessica Smith, EA , not a CPA (@Taxsavvyjessica) February 9, 2025 Something to chew on as both sides argue about fraud and waste: My dad was an auditor with The Indiana Department of Revenue. Activity in the sector peaked post-pandemic in 2023 with 160 deals.

Indiana 52

Indiana Tax Account accountant 52

Going Concern

JUNE 2, 2023

ChatGPT Offers CPAs ‘Superpowers’ Deloitte’s Ucuzoglu Says [ Bloomberg Tax ] “The use cases are breathtaking: They will fundamentally alter the profession,” said Deloitte Global CEO Joe Ucuzoglu, addressing a University of Southern California financial reporting conference on Thursday. . has merged with the firm.

cpas 105

cpas audit auditor E-commerce 105

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.

E-commerce 52

E-commerce Technology Texas accounting and finance 52

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.

audit 105

audit auditor accounting and finance accounting firms 105

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. million over a decade.

public accounting 104

public accounting Account accountant accounted 104

Going Concern

SEPTEMBER 22, 2023

The job security and the ability to have a comfortable life motivated me at first,” said Khokhar, who served as a senior accountant at two construction firms and senior auditor at an accounting firm. The AICPA often cites that the large pool of retiring Baby Boomers will leave a gaping hole in the supply of experienced CPAs.”

Account 116

Account accountant accounted CPA 116

Going Concern

SEPTEMBER 22, 2023

Both Mendlowitz and his father, also a CPA, attended the CUNY school. Summing up Sid: The ultimate CPA and friend to all [ Journal of Accountancy podcast ] Plenty of CPAs can say they learned something from Sid Kess, who died last week at age 97. Williams said in a news release.

audit 109

audit accounting and finance Virginia auditor 109

Going Concern

JULY 29, 2024

Here they talk about the changing face of accounting firms : While the profession is taking a concerted, multi-pronged approach to increasing the number of accounting graduates and prospective CPAs, IPA 100 firms have had to pivot due to the small pool of potential hires in the meantime. The percentage of non-CPA professionals was 50.3%

CPA 116

CPA Account accountant accounted 116

Going Concern

SEPTEMBER 15, 2023

The Public Company Accounting Oversight Board (PCAOB) will hold an open meeting on Tuesday, September 19, 2023, at 10:00 a.m. Nearly 140 comments were received, including some after the August 7, 2023, deadline, and the proposals have proven controversial. James Nelson started the firm in the city in 1923.

Colorado 111

Colorado audit CPA Texas 111

Going Concern

MARCH 8, 2024

After piloting the program last year in a smaller division, KPMG—a Fortune 100 Best Companies to Work For in 2023—plans to have a company-wide rollout to their 36,000 employees and partners by the end of 2024. Auditors must respond appropriately when they encounter warning signs,” said PCAOB Chair Erica Y.

audit 100

audit auditor New York Legal 100

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. Also big f**k u in the face is that India only require 120 hours of college credits (none has to be from us colleges) to test for US cpa. Hello and happy Monday! Here’s some news.

audit 105

audit Account accountant accounted 105

CPA Practice

MARCH 21, 2023

AuditClub One offers CPAs a true alternative that addresses those issues and enables them to create a fulfilling career in accounting and auditing on their own terms.” AuditClub provides CPA firms and companies convenient access to its talented U.S.-based

auditor 52

auditor cpas audit cpa firm 52

Going Concern

OCTOBER 11, 2024

As it’s become increasingly popular for external CPAs and even CFOs to help run a company’s financial operations, the American Institute of CPAs is looking to clarify the standard for how financial statements prepared as part of an external client advisory services engagement are treated. As of Aug. billion in reserves and $5.3

audit 59

audit Technology Texas accounting firms 59