CPA Practice

SEPTEMBER 6, 2023

Several AI systems were among this year’s winners of the Tax & Accounting Technology Innovation Awards, presented annually by CPA Practice Advisor, a technology and practice management resource for public accounting firms. Clients benefit from proactive service, accurate financial insights, and timely tax planning.

Technology 122

Technology accounting and finance Tax CPA 122

Going Concern

MAY 12, 2023

As a firm we have had to be proactive in our response to attracting candidates, addressing workforce planning and aligning our recruitment strategy to reflect this.” Colorado Springs accounting firm to open Denver office [ Denver Business Journal ] Stockman Kast Ryan and Co., 1, 2024, the Financial Accounting Foundation said.

CPA 111

CPA accountant accounted Account 111

Going Concern

DECEMBER 22, 2023

Barring any huge incident like an accounting firm getting raided by the FBI on Christmas Day, there will not be any breaking news. million) in damages from accounting firm EY for its role in auditing the books of Wirecard before its collapse in 2020, a shareholder group said. Don’t hesitate to reach out.

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CPA Practice

JULY 23, 2024

Investors, accounting firms, and other stakeholders have until Oct. 21 to provide comments on a new proposed Accounting Standards Update (ASU) issued by the Financial Accounting Standards Board (FASB) on Tuesday that aims to clarify rules on derivative accounting.

accountant 122

accountant accounted Account accounting principles 122

ThomsonReuters

OCTOBER 19, 2023

This presents a unique opportunity for accounting firms and tax accounting professionals to enhance their revenue streams by diversifying their service offerings. According to a recent Small Business Administration report , 27,104,006 small businesses were termed “nonemployer firms” and had no employees.

Non-Profits 111

Non-Profits Tax accounting firms accounted 111

CPA Practice

NOVEMBER 25, 2024

The Board of Trustees of the Financial Accounting Foundation (FAF) has announced the appointment of Robert W. Scott to a five-year term on the Governmental Accounting Standards Board (GASB). Before entering the public sector, he was employed as an audit manager with the accounting firm of Deloitte & Touche.

Wisconsin 52

Wisconsin Colorado auditor Oregon 52

Going Concern

MARCH 24, 2023

This article will explore how firms can transform a disengaged team and provide actionable insights firm leaders can set in motion today. Firm Watch Ex-BDO USA Workers Advance Narrowed 401(k) Plan Fee Challenge [ Bloomberg Law ] Former BDO USA LLP employees who accused the accounting firm of mismanaging their $1.2

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auditor Entertainment audit Real Estate 105

CPA Practice

MAY 30, 2023

Starting in 2024, the redesigned CPA exam places a greater emphasis on technology and analytical skills, as well as on tax, accounting, and audit. There are 12 initiatives —some considered near-term, some mid-term, and others long-term—the AICPA said it’s focusing on to fix the accountant shortage.

CPA 116

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Going Concern

SEPTEMBER 15, 2023

A number of accounting firms,1 public companies, professional membership associations and other key stakeholders raised concerns. In addition, in a rare occurrence, PCAOB board members Christina Ho and Duane DesParte — the only two certified public accountants on the board — issued public dissents when the PCAOB issued the proposal.

Colorado 111

Colorado audit CPA Texas 111

Going Concern

JUNE 3, 2022

The Financial Accounting Standards Board adopted CECL in 2016, prompted by criticism that banks had booked losses too slowly in the run-up to the 2008 financial crisis. That is a far broader calculation than the old rules, which were based on losses expected imminently.

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CPA Practice

JANUARY 17, 2023

A professional specialization called Certified Management Accountant (CMA) focuses on accounting and financial management for businesses and organisations. A person who has this certification is proven to be an authority in both financial accounting and strategic company management. Looking Ahead.

cma 126

cma CPA accounting and finance public accounting 126

CPA Practice

SEPTEMBER 7, 2023

The Financial Accounting Standards Board (FASB) unanimously approved new rules on Sept. 6 that will now require certain cryptocurrency assets, such as Bitcoin and Ethereum, to be measured at fair value.

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PYMNTS

JANUARY 2, 2020

The largest accounting firms – EY, Deloitte, KPMG and PwC – are investing billions of dollars in artificial intelligence (AI) and data technology products to change the industry in new ways, according to a report by Bloomberg Tax.

Technology 71

Technology auditor accounting and finance accounting standards 71

CPA Practice

MARCH 7, 2023

These include: A new way of assessing research and related critical thinking skills will be introduced A new JavaScript-based spreadsheet will replace the Excel spreadsheet The written communication task (essay question) will be eliminated Multistage adaptive testing in the multiple-choice question testlets will be eliminated New discipline sections (..)

Technology 137

Technology CPA cpas audit 137

Ryan Lazanis

JULY 13, 2022

In today’s post, I’m going to show you the very best accounting security tips (23 of them to be precise!) to keep your accounting firm safe and secure. Importance of why you must have accounting security for the safety of your business. Key Takeaways. Types of Cybersecurity Threats.

accountant 98

accountant accounted Account accounting firms 98

PYMNTS

DECEMBER 4, 2020

EY’s Wirecard fiasco triggered a 90 percent freefall in its share price in June, while critics have come down on the accounting firm for not noticing billions were missing. EY has been approving Wirecard’s financial accounts for over 10 years. billion supposedly in a Philippines bank might have never existed.

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audit auditor Legal accounting firms 75

Going Concern

FEBRUARY 13, 2025

Sign up now to view the complete candidate list and connect with potential hires.

accountant 52

accountant accounted Account Real Estate 52

Going Concern

APRIL 7, 2023

[ Wall Street Journal ] A tap story from WSJ says accountants and writers are among the jobs that could be most affected by AI tools (*gulp*) Big 4 March people moves: KPMG, Deloitte, PwC make senior hires [ AccountancyAge ] Musical chairs across the pond. I can imagine it.

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CPA Practice

APRIL 27, 2023

Professionals on the Move is a roundup of recent hiring and promotion announcements from around the accounting profession. FASB Names Three New Members to Its Investor Advisory Committee The Financial Accounting Standards Board (FASB) recently announced the appointment of three new members to its Investor Advisory Committee (IAC).

Real Estate 52

Real Estate Entertainment accounting and finance accounting firms 52

CPA Practice

NOVEMBER 5, 2024

Two Los Angeles-based accounting firms have combined as of Oct. 31: top 100 firm GHJ and GGF. “By By combining forces, GHJ is enhancing its ability to deliver greater value to clients through expanded expertise, innovative solutions, and a broader range of services designed to support their success,” GHJ said in a media release.

Real Estate 52

Real Estate Entertainment income tax audit 52

CPA Practice

AUGUST 28, 2024

She also had online access to the company’s financial accounts, which allowed her to view transfer funds and make electronic payments, according to a release from the U.S. In 2021, Reich, on behalf of her accounting firm, received a COVID-19 Economic Injury Disaster Loan, or EIDL, totaling $500,000.

Virginia 52

Virginia accountant accounted Account 52

CPA Practice

MAY 18, 2023

Justin Chudzik (Pennsylvania), a graduate of the University of Pittsburgh with a Bachelor of Science in Business Administration (majoring in accounting) and a Master of Science in Accounting, is employed with the Financial Accounting Standards Board (FASB) in Norwalk, CT. Michael Paul Donnelly, Jr.

CPA 128

CPA institute of chartered accountants North Dakota chartered accountant 128

ThomsonReuters

DECEMBER 6, 2022

Shedding light on the tie between ESG matters and their direct or indirect impact on a company’s financial statements, the Financial Accounting Standard Board (FASB) published in 2021 the Intersection of Environmental, Social, and Governance Matters With Financial Accounting Standards.

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auditor accountant accounted Account 59

CPA Practice

APRIL 11, 2023

He most recently held a technical accounting role at a Fortune 500 financial services company where he helped lead complex implementations of accounting standard updates issued by the Financial Accounting Standards Board.

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PYMNTS

OCTOBER 25, 2019

Top accountancy firms are asking the Financial Accounting Standards Board (FASB) to clarify how corporates should report on supplier finance programs that are in place, according to Compliance Week reports on Friday (Oct.

Finance 40

Finance accounting and finance financial statements top accounting firms 40

CPA Practice

OCTOBER 23, 2024

In this role, he will continue to steer the team’s focus toward supporting the accounting community through impactful educational programs and access to resources that drive professional growth.

quickbooks 52

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Going Concern

JULY 1, 2022

Marking a Half-Century of Capital Markets Integrity [ Barron’s ] Former chair of the Financial Industry Regulatory Authority and trustee and chair of the Financial Accounting Foundation John J. GAAP, or generally accepted accounting principles. Brennan writes: The bedrock of that reporting regime is U.S.

Tax 59

Tax accountant accounted Account 59

Going Concern

JUNE 17, 2022

KPMG has gone above and beyond my expectations of a Big 4 accounting firm because of their attention they give their employees. It’s a tidal wave that’s going to hit a lot of firms if they’re not paying attention.”. KPMG genuinely keeps people engaged through opportunities, communities, and moments of appreciation.

accountant 52

accountant accounted Account chartered accountant 52

CPA Practice

JUNE 1, 2023

Justin Chudzik (Pennsylvania), a graduate of the University of Pittsburgh with a Bachelor of Science in Business Administration (majoring in accounting) and a Master of Science in Accounting, is employed with the Financial Accounting Standards Board (FASB) in Norwalk, CT. Michael Paul Donnelly, Jr.

institute of chartered accountants 111

institute of chartered accountants chartered accountant North Dakota Texas 111

CPA Practice

APRIL 11, 2023

The Financial Accounting Standards Board ( FASB ) will host a fireside chat on Tuesday, April 11, 2023, from approximately 1:00 – 1:30 p.m. and former SEC chief accountant. EDT, with Rich Jones, FASB Chair and Wes Bricker, PwC – Vice Chair US/Mexico Trust Solutions Co-Leader, current chair for XBRL International Inc.,

accounting standards 52

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CPA Practice

OCTOBER 20, 2023

Organizations are increasingly required to adopt sustainability at the heart of their business practices and strategies, which calls for a broader set of financial accounting skills focused on environmental, social and governance (ESG) reporting.

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audit accounting and finance auditor accounting principles 52

CPA Practice

OCTOBER 19, 2023

Organizations are increasingly required to adopt sustainability at the heart of their business practices and strategies, which calls for a broader set of financial accounting skills focused on environmental, social and governance (ESG) reporting.

audit 52

audit accounting and finance auditor accounting principles 52

Going Concern

MARCH 8, 2024

More firms are experimenting with alternative structures and ownership models. In February, US accounting firm Baker Tilly agreed to sell a majority stake to Hellman & Friedman and Valea. Waterland, a Dutch private equity firm, invested in London-based Moore Kingston Smith last year. But that is changing.

audit 100

audit auditor New York Legal 100

Going Concern

MARCH 25, 2022

Akazoo fired its CEO and saw its stock price tumble shortly thereafter, and investors have now filed a $40 million lawsuit against the accounting firm that audited the defunct company’s financials. The SEC Wants to Stop Activism [ Bloomberg Opinion ] Recently the U.S. Mary (@AccountingAsArt) March 25, 2022.

tax return 52

tax return audit auditor accounting and finance 52

CPA Practice

AUGUST 1, 2023

The Financial Accounting Standards Board ( FASB ) has published a proposed Accounting Standards Update (ASU) intended to provide investors with more decision-useful information about a public business entity’s expenses. Stakeholders are encouraged to review and provide comment on the proposal by October 30, 2023.

accounting standards 52

accounting standards auditor Manufacturing financial statements 52

Going Concern

AUGUST 14, 2023

The Times Union of Albany wrote about local firm BST and its enthusiasm for women in leadership : A Latham-based accounting firm is touting the number of women it employs in leadership positions, which some partners at the firm say has been partly driven by a longtime practice of letting women with children work from home.

audit 52

audit accountant accounted Account 52

PYMNTS

OCTOBER 28, 2019

The Big Four auditing firms — EY, Deloitte, KPMG and PwC — have recently requested that the Financial Accounting Standards Board (FASB) provide clarity in how corporates should classify their reverse factoring or supply chain financing agreements, adding more fuel to a long-standing debate as to whether such trade financing tools are debt.

B2B 40

B2B accounting and finance accounting standards Finance 40