CPA Practice

NOVEMBER 11, 2024

The Public Company Accounting Oversight Board (PCAOB) revoked the registration of a Chinese audit firm on Nov. First, on multiple occasions, the accounting firm failed to timely report the participants in its issuer audits on PCAOB Form AP, in violation of PCAOB Rule 3211, Auditor Reporting of Certain Audit Participants.

audit 111

audit auditor cpa firm public accounting 111

Going Concern

JANUARY 9, 2025

While the AICPA and large accounting firms have begged urged the SEC not to approve the PCAOB Firm and Engagement Metrics rule (PCAOB-2024-06) approved by the PCAOB on November 21, 2024, at least one person would like to see the added transparency this rule could provide and he’ll explain why in a comment letter we’ll discuss below.

audit 125

audit auditor Education accounting firms 125

CPA Practice

DECEMBER 3, 2024

UHY is getting an injection of private equity funding from Boston-based investment firm Summit Partners, calling it a significant milestone in its growth and strategic development, the top 30 accounting firm said on Dec. With this deal, more than 35% of the top 30 accounting firms in the U.S. In the U.S.,

Non-Profits 111

Non-Profits tax consultant auditor cpa firm 111

CPA Practice

JUNE 27, 2024

By Dr. Sangeeta Chhabra Accounting firms are focusing on the tech stack and missing out on the talent stack. Accounting firms are facing a talent shortage as most accounting professionals are shifting to fields like investment banking, consulting, and information technology.

accounting firms 115

accounting firms Account accountant accounted 115

CPA Practice

AUGUST 28, 2024

After voting by the awards committee panel each year, the top five products are presented as winners of the Tax and Accounting Technology Innovation Awards. as they promise to dramatically improve client services, firm management, small business accounting and many other areas of operations.

Technology 124

Technology accounting firms Account accountant 124

Going Concern

OCTOBER 18, 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. Firm Watch Accountancy firm BDO fined €1.3

audit 104

audit auditor New York accounting and finance 104

CPA Practice

FEBRUARY 23, 2023

What is the fastest-growing challenge facing accounting firms and internal audit departments today? More than 90% point to hiring and retaining skilled accountants and auditors. Responses were gathered from more than 4,100 accountants and 2,300 auditors.

audit 132

audit auditor Account accountant 132

CPA Practice

SEPTEMBER 19, 2023

A proposal issued by the Public Company Accounting Oversight Board (PCAOB) on Tuesday would hold auditors and others more accountable when they negligently, directly, and substantially cause their firm to violate auditing standards. The deadline for public comment on the proposal is Nov.

auditor 115

auditor audit accounting firms public accounting 115

Going Concern

NOVEMBER 8, 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. Talent Attn accounting employers: your talent woes are over!

Florida 98

Florida Mississippi audit auditor 98

Going Concern

SEPTEMBER 19, 2024

When I say “everyone” I mean crypto bros and accounting firms trying desperately to be cool with their PS2-era metaverse avatars, the rest of us forgot about it pretty much right off the bat. Or an accounting firm office. It’s technically a game, but it seems about as fun as hanging out in a doctor’s office.

accounting firms 111

accounting firms audit auditor Account 111

Going Concern

JANUARY 3, 2025

Psst, take our 2025 Predictions for the Accounting Profession survey. 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.

auditor 98

auditor audit Rhode Island cpa firm 98

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

AUGUST 9, 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. So here, take this tweet instead. Also how much they pay offshore staff.

accounting firms 104

accounting firms Account accountant accounted 104

Going Concern

FEBRUARY 8, 2023

As CEO of a staffing firm that connects companies with professionals in Mexico, every day I speak with accounting firms, CFOs and other executives looking to hire accountants and other financial professionals in the U.S. Accounting Talent Crunch? Let’s see what he’s got to say. MX$150,000 is $7,908 USD.

accounting and finance 104

accounting and finance accounting firms Finance Account 104

Going Concern

JULY 19, 2023

Hong Kong is suffering from “a serious talent shortage” according to an article today in South China Morning Post and The Hong Kong Association of Registered Public Interest Entity Auditors (PIEAA) says accounting firms should start looking overseas. What a novel idea! We should try that here in the US. “It

auditor 98

auditor Account accountant accounted 98

TaxConnex

FEBRUARY 3, 2022

Bad luck for one, or a customer of yours undergoing their own audit might produce one of your invoices, resulting in the auditor possibly contacting you for an exemption certificate or other documents. An audit of one of your suppliers could turn up one of your exemption certificates for a transaction that the auditor may think is taxable.

audit 245

audit Sales Tax auditor 245

Going Concern

MARCH 19, 2025

Each of them violated PCAOB Rule 3211 , Auditor Reporting of Certain Audit Participants, by “failing to accurately disclose on PCAOB Form AP the participation in firm audits of other accounting firms, including, among others, component auditors, shared service centers, and critical audit matter hub.”

auditor 52

auditor audit accounting firms public accounting 52

Going Concern

FEBRUARY 6, 2025

Two years ago, two years after the first major private equity investment in a top 20 firm kicked off a flood of similar investments in some of the largest non-Big 4 firms in the country, the AICPA formed a task force to “look into issues raised by private equity investors in accounting.”

audit 90

audit auditor cpa firm CPA 90

Going Concern

OCTOBER 21, 2024

Yesterday Financial Times published a story about PwC UK’s top consolation prize : Senior PwC staff in the UK who will never be partners are to be offered a new “managing director” title as the Big Four firm seeks to keep top employees whom it is unwilling to admit to its £1mn-a-year partnership. forces dominant.

Account 59

Account accountant accounted South Dakota 59

Going Concern

MAY 30, 2024

As mentioned in this week’s news brief, the Institute of Chartered Accountants in England and Wales (ICAEW) put together a snazzy little report on the state of mid-tier firms based on a survey of managing partners. They’re comprised of risk-averse accountants after all. Get over it. So this is interesting.

accounting firms 118

accounting firms Account accountant accounted 118

CPA Practice

MAY 15, 2024

The technologies used in professional accounting firms continue to evolve and shape how practices function, from client service, to staffing issues, and overall management and growth. Thank you to the more than 5,500 readers who participated in voting this year. Now, on to the results! WINNER: TheTaxBook – Tax Materials Inc.

Technology 119

Technology accounting firms cpas Account 119

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

Going Concern

JULY 31, 2023

Former partner Wayne Plummer told PwC partners in December that the firm had made an in-principle agreement with the Tax Office to settle on a no-admissions basis in return for a 50 per cent reduction in penalties that totalled several hundred thousand dollars. Such suggestions are false.

auditor 98

auditor Account accountant accounted 98

Going Concern

JUNE 13, 2023

Financial Reporting Council chair and stereotypically European named Jan du Plessis has told the Financial Times that audit firms — who regularly complain about the UK audit regulator being up their asses — should pay their junior auditors more. And we have all heard the complaints from junior auditors.

auditor 111

auditor audit financial statements Legal 111

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? Journal of Accountancy ] Pandemic pressures have worn the workforce thin, and the economy is in the thick of rapid, radical change. CLA, 8th Largest U.S.

auditor 105

auditor Entertainment audit Real Estate 105

Going Concern

MARCH 31, 2023

Big 4 EY Fails to Reach Deal on Split [ Wall Street Journal ] The unexpected revolt that has upended the planned breakup of accounting firm Ernst & Young is being driven by two longtime U.S. auditors who believe their part of the firm could end up weakened by a deal. People did not enjoy that.

auditor 105

auditor audit Virginia Technology 105

Going Concern

FEBRUARY 6, 2023

Searches for ‘auditor’ ranked number one on the list with 222,500 monthly Google searches. People are searching 5,000 times on average a month for ‘auditor jobs’ and 500 times for ‘auditor careers’. Accounting is the most rules-based profession. The robots are finally coming for your job! Chat AI solves this.

auditor 19

auditor Account accountant accounted 19

Going Concern

OCTOBER 25, 2023

The firm used the work of two firms not registered with the PCAOB — PKF Audisur of Argentina and PwC Malta of, duh, Malta — in “a substantial role capacity” on four issuer audits. Expect more of these fines to come, the PCAOB made use of other auditors one of its many nitpicking pet issues last year.

auditor 105

auditor audit accounting firms public accounting 105

Going Concern

OCTOBER 14, 2024

An ‘everygirl’ tells the tale of being pressured to choose a major, landing on accounting, and regretting the decision in ‘ I Was Dedicated to My 5-Year Plan—and Then It Blew Up in My Face ‘: It was the fall semester of my sophomore year of college. Land an internship at a prestigious accounting firm.

Account 59

Account accountant accounted audit 59

Going Concern

JANUARY 6, 2025

While I have you, allow me to ask you to take our 2025 Predictions for the Accounting Profession survey — it’s quick, simple, and we don’t want your email. A user on r/recruitinghell was rejected from a top 50 firm on Christmas. CohnReznick wrote: No two firms are identical as are no two issuer audits.

Account 52

Account accountant accounted audit 52

PYMNTS

JUNE 26, 2020

Ernst & Young ( EY ), the global accounting firm hired to verify Wirecard’s financials, failed to request crucial information from a Singapore bank where the German payment processor claimed it had up to 1 billion euros ($1.1 The big question for me is what on earth did EY do when they signed off the accounts?”

Account 116

Account accountant accounted auditor 116

CPA Practice

NOVEMBER 19, 2024

For example, an AI system trained primarily on large corporate data might incorrectly flag normal seasonal fluctuations in small retail businesses as high-risk transactions, or overlook industry-specific accounting practices in niche sectors. Create audit trails that make decision-making transparent and accountable.

auditor 52

auditor audit Technology CPA 52

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. By James Paille, CPP.

Account 119

Account accountant accounted payroll 119

AdviceForTaxpreparers

SEPTEMBER 8, 2020

My name is Bill Meador and I am writing a book to help tax staff succeed in a public accounting firm tax department. Now I understand the first reaction of many accountants to the concept of selling anything. For example, you might decide to go on your Facebook, Linkedin or Reddit account and make the following statement.

tax preparation 246

tax preparation Tax cpa firm tax return 246

CPA Practice

OCTOBER 8, 2024

According to a new report from top six accounting firm BDO USA, company finance leaders are expecting technology like artificial intelligence to be used by their external auditors now to enhance their audit engagement and consider it the second-most important factor when choosing an audit firm.

audit 143

audit Finance auditor Technology 143

MarkFriedlich

MARCH 31, 2020

As auditors, we understand that. The post Wolters Kluwer’s Continuing Audit Education Adds Value appeared first on Tax & Accounting Blog. The value of continuing audit education from the School of Audit During the first few months of each year our lives go on hold as we take care of our clients needs.

Education 187

Education audit auditor Tax 187

CPA Practice

JULY 17, 2024

(TNS) Where have all the accountants gone? Between 1990 and 2021, the number of people sitting for the Certified Public Accountant exam plunged by almost 50 percent , according to the Association of International Certified Professional Accountants. client base for the small business accounting software platform Xero. “The

Account 124

Account accountant accounted Technology 124