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Evolution of the Sales Tax Audit: Have Audits Changed with Economic Nexus?

TaxConnex

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.

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Friday Footnotes: Anyone Wanna Work in Hollywood?; Profit-Hungry CEOs Love Gen AI; KPMG’s SF Future | 1.19.24

Going Concern

Practice Protecting tax accounting information: Best practices for IT professionals in data security and confidentiality [ Thomson Reuters ] Accounting firms are entrusted with a wealth of sensitive financial data, including tax records, income statements, and other confidential information. Arizona Auditors Found $1.8

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Monday Morning Accounting News Brief: Firms Fight Back on Public Metrics; A Rejection or a Blessing? | 1.6.25

Going Concern

KPMG is up to something : Accounting giant KPMG is moving to launch a new legal services business in the United States, taking advantage of relaxed law firm ownership rules in Arizona. CohnReznick wrote: No two firms are identical as are no two issuer audits. A committee will discuss KPMG US Law’s bid at a Jan.

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Monday Morning Accounting News Brief: Unintended Audit Consequences; The IRS Needs Experienced Accountants; PwC AI | 9.18.23

Going Concern

” Interested individuals in the financial services industry — such as tax accountants, forensic accountants auditors, controllers and treasurers — can learn more and apply through the job announcement. More than the number, auditors are exiting big names, which used to be a rarity.

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Friday Footnotes: Firms on India Hiring Spree; PCAOB Heads Overseas; PwC Lets You See Your Family This Summer | 5.6.22

Going Concern

Mesa grandma, 25-year-old accountant share love of Phoenix Suns [ Arizona’s Family ] JoAnne Ralph and Ben Barchilon have a special bond, and it all started with their love of the Phoenix Suns. billion claim against Big Four auditor EY for alleged negligence. The next big accounting firm merger?

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Monday Morning Accounting News Brief: Eff You, Pay Us; Let’s Complain About Auditing Again; RIP to a Real One | 8.14.23

Going Concern

Indeed, regulators have historically taken the approach of where there is one, there are many —whether it is financial services firms, technology companies, or now audit firms, once one major breach of misconduct occurs, regulators take a closer look at the industry at large to understand how deep and wide an issue may be.

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Friday Footnotes: PwC Does Some Things; Bad Client Dumps EY; ‘Going From Balloon Animals to Accountancy’ | 11.4.22

Going Concern

Tax and accountancy firm Grant Thornton Malaysia PLT has come out to defend its managing director Datuk Narendrakumar Chunilai (NK Jasani), who was slapped with money laundering charges involving RM115 million belonging to Sabah Forest Industries Sdn Bhd (SFI). Firm M&A. to Yum China Holdings Inc.

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