CPA Practice

NOVEMBER 1, 2024

MSL provides audit, tax, and consulting services and its key strengths include a robust audit practice for clients in the healthcare, public sector, construction, real estate, commercial products, and nonprofit industries.

Florida 104

Florida accounting firms accountant Real Estate 104

CPA Practice

OCTOBER 29, 2024

Businesses want to use big data to their advantage and will pay accounting firms for data-driven forecasts and projections. AI is assisting accounting professionals, allowing them to offer greater insights into the financial health of their clients’ businesses with forecasts and projections.

accounting firms 111

accounting firms accountant Account accounted 111

ThomsonReuters

OCTOBER 4, 2023

Jump to: How many accounting firms use AI? How do smaller accounting firms use AI? In today’s fast-paced business world, ignoring technology is not an option, and the field of accounting is no exception. How many accounting firms use AI? How do the Big 4 use artificial intelligence?

accounting firms 111

accounting firms Technology accountant Account 111

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

Accounting Today

MAY 7, 2024

The Public Company Accounting Oversight Board sanctioned three auditors from Florida accounting firm Liggett & Webb for violations involving audit evidence, professional skepticism, and other matters.

auditor 126

auditor audit Florida accounting firms 126

CPA Practice

AUGUST 8, 2023

Champions of audit quality will not be happy with this news from the Public Company Accounting Oversight Board (PCAOB). A staff report released by the audit regulator late last month shows a year-over-year increase in the number of audits with deficiencies at audit firms that the PCAOB inspected in 2022.

audit 98

audit accounting firms accountant Account 98

Accounting Today

MAY 23, 2024

Traditional audits may hinder business growth potential as accounting firms are slow to embrace modern approaches, according to an Inflo report.

audit 131

audit accounting firms accountant Account 131

Going Concern

OCTOBER 8, 2024

Another small accounting firm has reported a data breach involving the protected health information of a whole lotta people. DA&E provided auditing services to some Aurora area hospitals. The post DAE Get Sick of Hearing About Accounting Firms Getting Their Data Breached? appeared first on Going Concern.

accounting firms 111

accounting firms Hospitality accountant Account 111

CPA Practice

AUGUST 28, 2024

Origins of the Award In the latter 1990s, the connectivity of the newly adopted internet quickly started to transform how the accounting profession operated within firms and served clients. The patent covers the application of artificial intelligence to financial statement audits.

Technology 122

Technology accounting firms accountant Account 122

Going Concern

OCTOBER 3, 2024

INSIDE Public Accounting #437 firm The Pun Group of Santa Ana, CA (revenue $8,856,915) put out a press release about their new website today and imagine our disappointment when we read all 661 words of it to find nary a pun in the bunch. So what you’re saying is people count at your accounting firm?

accounting firms 65

accounting firms accountant Account accounted 65

CPA Practice

APRIL 7, 2023

Despite high demand for CPAs, accounting firms struggle to hire accountants. In 2021, there was a 17 percent drop in employed accountants and auditors from a 2019 peak, according to a Bloomberg Tax analysis. By Cameron White. Technology also gives staff real-time access to their data, from anywhere at any time.

accounting firms 139

accounting firms CPA Technology accountant 139

CPA Practice

APRIL 3, 2023

Despite high demand for CPAs, accounting firms struggle to hire accountants. In 2021, there was a 17 percent drop in employed accountants and auditors from a 2019 peak, according to a Bloomberg Tax analysis. By Cameron White. Technology also gives staff real-time access to their data, from anywhere at any time.

accounting firms 135

accounting firms CPA Technology accountant 135

ThomsonReuters

APRIL 13, 2023

These two words can strike fear in the hearts of your tax and accounting clients: IRS audit. Understanding how to manage client expectations and concerns and how to get through the process is an essential skill in the tax and accounting professions. Most IRS audits are not random, although that is possible.

audit 52

audit accounting firms Tax accountant 52

CPA Practice

SEPTEMBER 27, 2023

For accounting firms, automation gathers scattered information and turns it into valuable insights. It increases productivity and empowers firms to better advise their clients by putting the right data into the right hands at the right time. A new report from BILL shows how accounting firms are winning at automation.

Technology 122

Technology accounting firms Gaming accounts payable 122

Accounting Today

JUNE 5, 2024

The shift of public accounting firms, traditionally focused on providing auditing and tax services, into expansive multidisciplinary firms has long raised concerns among investors and regulators.

accounting firms 75

accounting firms Government accountant Account 75

CPA Practice

NOVEMBER 4, 2024

audit workforce—that they would be losing their jobs in the coming weeks, the Wall Street Journal reported on Monday. The job cuts will impact employees such as audit associates and managers but not partners, according to the WSJ. The reason for the layoffs: low levels of voluntary turnover at the Big Four accounting firm.

audit 64

audit accounting firms Tax accountant 64

Going Concern

AUGUST 9, 2024

With that in mind, Accounting Today recently conducted its inaugural salary survey to create a snapshot of compensation levels across the country. The university said it would post a corrected version of the audit “as soon as possible.” Bet it’s super disruptive and unique and truly speaks to the spirit of this firm.

accounting firms 104

accounting firms accountant Account accounted 104

TaxConnex

NOVEMBER 22, 2022

In our blog last week, we looked at how sales and use tax advisory services might be a good new field for CPAs and accounting firms. How can they go about making the move? Mark Friedlich, CPA, vice president of U.S. Mark Friedlich, CPA, vice president of U.S.

accounting firms 130

accounting firms Sales Tax tax return 130

TaxConnex

FEBRUARY 3, 2022

So has the sales tax audit. Examiners can still show up and go over your books in person, and tax agencies will still send audit notices via snail mail. Many events can ignite a sales tax audit. But have sales tax audits changed over the last few years, through the pandemic and the introduction of economic nexus in 2018?

audit 205

audit Sales Tax auditor 205

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. When retaining talent, more than 85% of accountants and 90% of auditors said it is either somewhat or extremely difficult.

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audit auditor accountant Account 132

CPA Practice

OCTOBER 10, 2023

Becca McGovern During the 2023 Association for Accounting Marketing (AAM) Emerge Virtual Conference on Oct. 4, Becca McGovern, marketing manager at top 200 firm Johnson Lambert, provided five ways AI can help accounting firms personalize their marketing efforts. Maybe part of that is the audit committee.

accounting firms 122

accounting firms accountant Account accounted 122

Going Concern

JANUARY 30, 2024

A few other recent data breach cases at accounting firms : PwC Audit Client Gets Added to the List of Companies That Have to Send Out Letters to Customers About a Data Breach EY and PwC Among the Many Entities Caught Up in the MOVEit Cybersecurity Breach Ransom An Accounting Firm Gets Phished: A Play In Two Acts The post Another Accounting Firm Has (..)

accounting firms 111

accounting firms accountant Account accounted 111

CPA Practice

JANUARY 23, 2023

With markets changing and capital becoming more constrained by the day, there is a rapidly heightened awareness of the role that due diligence and audits play. These manual verification procedures are painstaking — and most often relegated to the audit professionals early in their career. By Tod McDonald.

audit 124

audit auditor forensic accounting Technology 124

CPA Practice

NOVEMBER 4, 2024

Withum , a nationally ranked advisory and public accounting firm, has announced the implementation of its integrated cloud-based digital audit platform, marking a significant milestone in its innovation offerings. The result is deeper client insights at an earlier stage in the audit lifecycle.”

audit 52

audit Technology financial statements public accounting 52

GrowthForceBlog

MARCH 12, 2024

9 min read Nonprofit organizations do not pay taxes, so they are not subject to audits performed by the Internal Revenue Service. Audits, however, are still sometimes required for nonprofit organizations by federal, state, or local entities.

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audit accounting and finance Finance accounting firms 93

CPA Practice

DECEMBER 19, 2023

In an era where AI, particularly generative AI, is reshaping industries, small accounting firms stand at a crossroads. As we approach 2024, the integration of AI into accounting practices is not just an opportunity for an advantage, but a necessity. Training your team on the importance of data integrity and security is vital.

accounting firms 124

accounting firms accountant Account accounted 124

Going Concern

OCTOBER 5, 2023

Every accounting firm struggles with project management, with smaller practices that are rapidly expanding taking the brunt of the damage. As your firm adds new clients, takes on more work, and hires additional employees, old-school project management processes can quickly become obsolete. However, all is not lost!

accounting firms 120

accounting firms accountant Account accounted 120

CPA Practice

AUGUST 9, 2023

billion between April 1 and June 30, according to a recent analysis from Audit Analytics. billion, while six special purpose acquisition company (SPAC) IPOs raised total proceeds of $980 million, according to Audit Analytics. PwC is the company’s audit firm, according to Kenvue’s Form 8-K. billion) 2022 : 46 ($5.3

audit 98

audit cpas accounting firms accountant 98

Going Concern

MAY 30, 2024

Says the ICAEW report: While some accountancy firms favour lower-risk organic growth, the mid-tier has been active in using M&A for growth to meet client demand. The majority of respondents (64%) confirmed that their firm had acquired another in the past and 17% had been part of a merger. So this is interesting.

accounting firms 118

accounting firms accountant Account accounted 118

Going Concern

APRIL 22, 2024

Industry OG and commentator Gene Marks has written an opinion piece for The Hill about what audits actually are that is less opinion and more brutal fact: Why you should be very skeptical of that auditor’s report. So they might catch a fine from the audit regulators. The devil’s in the details, people. I dunno, you guys.

audit 120

audit auditor financial statements Education 120

CPA Practice

FEBRUARY 6, 2024

Investing in technology is a key priority for accounting firms as they move into 2024, while m itigating the ongoing talent shortage and keeping pace with new laws continue to cause challenges for many within the profession. Caseware explores worldwide perspectives within the accounting and audit professions annually.

accounting firms 64

accounting firms Technology accountant Account 64

CPA Practice

JUNE 24, 2024

I asked ChatGPT what forms it recommended for a CPA firm. Here is the answer I got (since ChatGPT is nondeterministic, you won’t get the exact same answer I got.): For a CPA (Certified Public Accountant) firm, creating and utilizing various forms and templates can significantly streamline practice management tasks.

accounting firms 124

accounting firms cpa firm accountant Account 124

CPA Practice

SEPTEMBER 6, 2023

The question in the title of this article is one the Treasury Inspector General for Tax Administration (TIGTA) recently tried to answer for some members of Congress who asked the IRS watchdog to evaluate employees moving between large accounting firms and the IRS, often referred to as the “revolving door.”

accounting firms 119

accounting firms accountant Account accounted 119

Shay CPA

SEPTEMBER 18, 2024

Getting an audit notice from a tax authority is enough to stop most founders in their tracks. While things like high deductions can definitely trigger an audit, it’s also possible to get chosen at random. No matter why you get an audit letter, one thing is always true: the steps you take next matter.

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audit auditor income tax payroll 52

CPA Practice

AUGUST 28, 2024

Huntington, WV-based accounting firms The Fyffe Jones Group and Bagby, Johnson & Associates have merged to create a “more robust organization, combining resources, expertise, and a shared vision to better serve clients and expand service offerings,” according to a Aug. 22 media release.

accounting firms 52

accounting firms accountant Account accounted 52

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.

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auditor audit accounting firms public accounting 115

CPA Practice

AUGUST 15, 2023

The Public Company Accounting Oversight Board (PCAOB) has not been in a jovial mood lately. Shortly after criticizing audit firms for the number of errors they made on public company audits reviewed by PCAOB inspectors last year, the audit watchdog doled out sanctions to 12 accounting firms from July 28 to Aug.

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audit auditor accounting firms cpas 98