TaxConnex

FEBRUARY 27, 2024

More generally, accounting talent pool concerns are pressing even for accounting firms , as enrollment rates of accounting students continue to fall. The accounting education pipeline is drier than ever even as accounting degrees require many additional course hours. Are they experienced with auditors?

Sales 264

Sales Tax Account accountant 264

Going Concern

MAY 20, 2024

PwC is facing legal action claiming the accountancy firm is liable for the alleged rape of a graduate employee following after-work drinks. Auditors are required to include a going-concern warning if they believe there is a risk that the company may go bankrupt, rather than making a prediction that it will.

audit 105

audit auditor Account accountant 105

Going Concern

JANUARY 6, 2023

FTX Customers Take Enron, WorldCom Path in Legal Fight for Cash [ Bloomberg Law ]. FTX customers going outside bankruptcy court to recover losses from Sam Bankman-Fried’s failed crypto empire are using a legal path that has worked in past collapses such as WorldCom and Enron: They’re going after the supposed enablers.

cpa firm 52

cpa firm CPA New Hampshire Ohio 52

Going Concern

MARCH 25, 2022

The new publication includes some observations from PCAOB staff about how firms are leaning on such providers and suggests procedures for auditors to follow as they plan and perform audits. Louis also held himself out to be an accountant who prepared tax returns for pay or as a favor to friends. PCAOB Spotlight PDF here.

tax return 52

tax return audit auditor cpas 52

Going Concern

FEBRUARY 24, 2023

What’s at risk: A legal review of the proposed changes has been conducted by the National Association of State Boards of Accountancy (NASBA). As the member organization for all state boards of accountancy in the United States, NASBA spelled out key consequences for Minnesota licensees and firms.

Minnesota 98

Minnesota Illinois cpas CPA 98

Going Concern

SEPTEMBER 1, 2023

Check out this week’s top remote accounting candidates. Audit Battle lines drawn over auditors’ role in combating fraud [ AccountancyAge “Patisserie Valerie pushed the issue of auditor responsibility [for fraud detection] to the fore after so many accounting scandals.

Account 111

Account accountant accounted audit 111

Going Concern

JUNE 28, 2024

Internal auditors must assess that robust risk management systems are in place. Auditors should verify that high-quality data is used, appropriate documentation is maintained, and applicable record-keeping practices are followed. Talent Attn: Accounting employers.

South Dakota 98

South Dakota Technology audit accounting and finance 98