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

CPA Practice

OCTOBER 10, 2023

The demand for skilled tax practitioners in the accounting profession has never been more critical. This surge in demand for CPA services comes at a time when experienced public accountants are exploring alternative career options, and fewer graduates are entering the profession. By Richard Lavina and Ralph Carnicer.

Technology 105

Technology accounting firms Account accountant 105

Going Concern

APRIL 19, 2024

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. The Big Four accounting firm is considering adding about 85 U.S.

cpas 105

cpas accounting firms Account accountant 105

ThomsonReuters

JANUARY 9, 2024

Conversely, Creech explained that the AI tools the IRS uses have seen “significant improvements” in areas that include partnerships where the audits are more targeted and have been much better than anything Creech has seen before. “What happens when the IRS AI finds [an issue] because it’s 1.2 6651 and Code Sec.

audit 98

audit Legal Tax tax return 98

ThomsonReuters

OCTOBER 7, 2022

These appropriations are to remain available through the end of 2031. The money dedicated to taxpayer services will help the IRS improve pre-filing assistance and education, filing and account services, and taxpayer advocacy services. Clearly, the question from clients is, “Will I be audited?” million in 2019 to 35.8

audit 90

audit Tax tax return Start-ups 90

Withum

AUGUST 24, 2022

On August 16, 2022, President Biden signed into law the Inflation Reduction Act of 2022 allocating approximately $80 billion, in addition to its regular appropriations, to the IRS through September 30, 2031. For more information, see the article 5 Ways to be Proactive and Prepared for Transfer Pricing Audits.

audit 72

audit Legal accounting and finance Tax 72

ThomsonReuters

JUNE 28, 2023

An MOU with New York that started on  June 13, 2022 states that the agencies “will share information about the identification and investigation of complex or fissured employment structures, including single or joint employer, alter ego, and business models designed to evade legal accountability, such as the misclassification of employees.”

Legal 98

Legal payroll California audit 98