Going Concern

MARCH 24, 2023

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. Auditors have done so too. Auditors Are Demanding Concessions in Split [ Wall Street Journal ] Ernst & Young’s renegade U.S.

auditor 105

auditor Entertainment audit Real Estate 105

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

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

APRIL 30, 2024

Here’s a snapshot from 2019 that shows how much cannabis companies were paying to which auditors: A look at 40 Canadian cannabis companies and what they paid to their auditors over their past fiscal year. Note that many companies switched auditors so not all fees listed went to the current auditor.)

auditor 111

auditor audit Legal financial statements 111

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. Such suggestions are false.

auditor 98

auditor accountant accounted Account 98

Going Concern

JULY 11, 2023

WSJ: The widening shortage of accountants has begun showing up in financial statements. ” “In the course of completing the preparation of the quarterly financial statements for the Form 10-Q, the Company determined that it had a deficiency in the Company’s internal control over financial reporting as of April 22, 2023. .”

accountant 139

accountant accounted Account financial statements 139

Going Concern

JULY 2, 2024

Here’s what they said: BDO’s 2023 Audit Quality Report BDO’s commitment to quality – and a mindset of continuous improvement – reflects the firm’s core purpose and values as well as its ongoing efforts to engage in important and constructive dialogue with stakeholders, including investors, regulators, audit committees and clients.

audit 116

audit auditor financial statements Construction 116

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

CPA Practice

NOVEMBER 25, 2024

With over 35 years of professional experience auditing, reviewing, and preparing local government financial statements, he brings both a technical and practical understanding of the role accounting plays in advancing transparency and accountability in government.” Prior to becoming a state auditor, Ms.

Wisconsin 52

Wisconsin Colorado auditor Oregon 52

CPA Practice

JANUARY 23, 2023

Many experts predict that the years ahead will be fueled by financial fraud investigations and a heightened emphasis on the ability to conduct due diligence and ensure clear financial insights. As accounting firms begin 2023 they have one thing top of mind — how to effectively recruit and retain talent.

audit 124

audit auditor forensic accounting Technology 124

CPA Practice

SEPTEMBER 5, 2024

Another operational trigger may include businesses with significant or rapidly growing revenue, as they have a higher potential for tax calculation errors and typically engage in more complex financial practices such as international sales transactions. 2023 saw an unprecedented 5.5

audit 115

audit Sales Tax auditor 115

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

Going Concern

JANUARY 31, 2024

That’s not so terrible though, PwC has proven in recent years they are superior to all other auditors when it comes to avoiding deficiencies from the PCAOB — in 2020, PwC had a record-low 1.9% In addition, the PCAOB’s most recent 2023 inspection cycle (generally covering 2022 audits) is substantially complete.

audit 119

audit auditor financial statements 119

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 accountant 105

CPA Practice

FEBRUARY 5, 2024

Steven Bong – 2023 “20 Under 40” Influencer Cofounder AuditFile [link] Steven is the founder and CEO of AuditFile.com, a cloud-based solution for auditors. In 2021, Steven was awarded US Patent 10,891,294 for the application of artificial intelligence and machine learning techniques to financial statement audits.

auditor 52

auditor financial statements audit 52

Going Concern

SEPTEMBER 29, 2023

Prism didn’t issue a conclusion on the earnings report for the first half of 2023, citing multiple uncertainties. Now that work is under scrutiny as regulators pursue SPAC auditors for shoddy work and craft rules to put tighter restrictions on blank check companies. Still, the results give offshore bondholders something to chew on.

auditor 111

auditor audit New York CPA 111

Going Concern

OCTOBER 14, 2024

Writes Religion Unplugged : Responding to a lawsuit accusing Dallas-based Gateway Church of financial fraud, Gateway Elder Tra Willbanks assured congregants over the weekend that the church has “independently audited financial statements since 2005.” That financial year runs until the end of June 2025.

accountant 59

accountant accounted Account audit 59

CPA Practice

APRIL 29, 2024

Calling all public company executives, board members, auditors, financial analysts, and investors: The Public Company Accounting Oversight Board’s Investor Advisory Group (IAG) needs a favor. KAMs are selected from matters communicated with those charged with governance.

auditor 64

auditor audit financial statements Government 64

Going Concern

AUGUST 22, 2024

This is double the three-month ban Deloitte Beijing caught for sloppy auditing of China Huarong Asset Management Co Ltd in 2023. And now FT is reporting that PwC China has begun warning clients that the firm expects to catch a six-month ban as part of its suite of punishments for what happened with Evergrande.

audit 105

audit auditor financial statements Legal 105

Going Concern

DECEMBER 11, 2023

In new research, Matthias Breuer, Anthony Le, and Felix Vetter find that when companies are required by the government to seek a third-party financial audit, they turn to lower quality auditors. At first sight, this result appears puzzling as it seems to suggest that more auditors can be attracted with lower wages.

auditor 105

auditor accountant accounted Account 105

CPA Practice

APRIL 19, 2023

When FTX learned in 2020 that in order to be listed on NASDAQ, the company would need to have its policies and procedures audited, senior management allegedly scrambled to fraudulently make up policies that could be shown to auditors within just 24 hours. Don’t use just any accounting system. To be clear, such is NOT life.

bookkeeping 98

bookkeeping auditor audit quickbooks 98

Going Concern

JUNE 23, 2023

Audit “When you are a hammer, the world is a nail” – SEC and PCAOB Senior Staff Signal Increased SEC and PCAOB Gatekeeper Enforcement [ Lexology ] SEC Enforcement and PCAOB Enforcement both are pursuing more significant sanctions against auditors, particularly with respect to civil money penalties. 31 is still not finished.

cpa firm 105

cpa firm CPA auditor North Carolina 105

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. million in fines the PCAOB has hit auditors with in calendar year 2023.

cpas 111

cpas audit auditor CPA 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

Going Concern

OCTOBER 17, 2022

The Iowa State Auditor’s Office is seeing a shortage of accountants along with a shortage of accounting students with 4-year degrees (no duh). A couple things we’re working on this week: A visual guide to 2023 accounting salary projections. At KPMG, the smallest of the big four, 35 per cent identify as other than white.

Iowa 98

Iowa accountant accounted Account 98

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. In the wake of the deficient audit work by the firm and Gries, Tingo underwent multiple restatements of its 2021 financial statements.

audit 100

audit auditor New York Legal 100

CPA Practice

APRIL 4, 2024

from 51 in 2022 to 56 in 2023, while the total value of settlements increased 11% year over year despite a decrease in the number of cases that were resolved, according to a new study from Cornerstone Research. Accounting case filings with auditor defendants have been few and far between in recent years.

accountant 53

accountant accounted Account accounting principles 53

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. “ The patent covers the application of artificial intelligence to financial statement audits.

Technology 124

Technology accounting firms accountant accounted 124

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. In addition, Accell Audit & Compliance, P.A. Thank you for your commitment and excellence!

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. Marcum had audited Riot’s consolidated financial statements for the fiscal years between 2018 and 2022.

public accounting 104

public accounting accountant accounted Account 104

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. Williams said in a news release.

audit 109

audit accounting and finance Virginia auditor 109

CPA Practice

MAY 10, 2023

auditors to inspect the records of U.S.-listed In a statement, PCAOB Chair Erica Williams said: Both reports show unacceptable rates of Part I.A Williams added that PCAOB enforcement teams have begun fieldwork for 2023’s inspections, which will continue off and on throughout most of the year. listed Chinese companies.

audit 111

audit auditor financial statements public accounting 111

Going Concern

FEBRUARY 10, 2023

As we transition to 2023, our people will continue to experience a blend of face-to-face and virtual working through our hybrid model and we will maintain our focus on making flexible working the reality for all our people.” It also offers employees the opportunity to work for up to 20 days abroad per year. “As

Florida 105

Florida Tax North Dakota accountant 105

Going Concern

OCTOBER 11, 2024

News AICPA moves to amend financial statement standard [ CFO Dive ] Well this is a BFD! The firm now uses the Italian arm of global auditor BDO to produce quarterly attestations of its stablecoin reserves. As of Aug. 1, BDO reported that Tether had $118.4 billion in reserves and $5.3 billion in excess reserves.

audit 59

audit Technology Texas accounting firms 59

Going Concern

JANUARY 16, 2023

FASB issued a series of tentative board decisions related to its project on the disaggregation of income statement expenses. Works 4 days a week now, but has put in his time as a sleepless auditor during busy season. ᴛᴏɴʏ ᴡᴜᴇɴᴄʜ (@twuench) January 16, 2023. I eventually resigned last week.”

accountant 98

accountant accounted Account auditor 98

Going Concern

JULY 17, 2023

KPMG Nederland director Marc Hogeboom is also stepping down as boss of the accounting arm, but remains an auditor and partner at KPMG. He said in a statement he “should have been more alert to signals” that pointed towards workers sharing their answers. It took ONE person informing senior mgmt to bring this out, same as in the US.

audit 97

audit auditor chartered accountant Texas 97

Going Concern

MAY 10, 2023

.” After the release of the two inspection reports for KPMG Huazhen and PwC Hong Kong today, Chair Williams issued a statement outlining the deficiencies found and reminding auditors for the 1,001st time that the PCAOB is sick of their b t. From her statement: Both reports show unacceptable rates of Part I.A

audit 105

audit auditor financial statements accounted 105