CPA Practice

AUGUST 16, 2024

Ensure accurate tax returns, shortening the IRS audit process. Privately held applicants will be required to submit audited financial statements prepared in accordance with U.S. Not be under investigation by, or in litigation with, any government agency that would limit the IRS’s access to current tax records.

Tax 105

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Cherry Bekaert

JANUARY 24, 2024

One of the challenges with the prior period adjustment guidance in GASB 62 was that financial statement preparers were unsure how to apply the guidance in certain situations, which led to a lack of consistency across governments. This category also includes the implementation of new accounting pronouncements. GASB Statement No.

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Going Concern

MARCH 17, 2023

The rival operatives, who spoke on condition of anonymity, say the leaks scandal gave the Greens and the Labor government an excuse to scrutinise their public sector work yet again. The official focus of the inquiry is about unethical behaviour by consultants engaged in lucrative federal government work.

Government 97

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Cherry Bekaert

FEBRUARY 13, 2024

This accounting pronouncement is intended to streamline the reporting of accounting changes and error corrections, as well as the related disclosures in governmental financial reporting. Related Resources: Navigating GASB 100: Accounting Changes and Error Corrections View All Podcasts in this Series Questions?

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Snyder

NOVEMBER 22, 2022

What are basic accounting principles? What is accounting software? Basic accounting and its secrets. The Fantastic Four of accounting. Accounting principles: Why are they so important for any business? Basic accounting principles. Accrual principle. Basic accounting principles.

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Cherry Bekaert

JUNE 25, 2024

Contributors: Jeffrey Annessa , Artan Ivezaj Government contracts often come with specific requirements, conditions and regulations. Among those regulations are the Cost Accounting Standards (CAS), which are one of the most common challenges faced by emerging government contractors.

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Anders CPA

JANUARY 8, 2024

Jeanne Dee, CPA/CGMA, audit and assurance partner at Anders CPAs + Advisors (Anders), has been appointed to the Financial Accounting Standards Board (FASB) Not-for-Profit Advisory Committee (NAC) effective January 1, 2024. She previously served as an Auditing Standards Board Member and a Member of the Board of Examiners for the AICPA.

Missouri 98

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Cherry Bekaert

JUNE 27, 2024

Per these rules, the DoD will conduct audits or reviews of the adequacy of these systems. The remaining three are reviewed (not audited) by the Defense Contract Management Agency (DCMA). Who Is Responsible for Accounting System Approval or Disapproval? How Should a Contractor Prepare for an Accounting System Audit?

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SMBAccountant

MAY 17, 2024

Establishing a core understanding of key accounting principles not only instills confidence but also ensures compliance with accounting and government regulations. Skimping here can lead to exponentially higher costs in the future trying to fix things or get ready for proper audits.

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inDinero Accounting

JUNE 29, 2023

Accrual Accounting is a vital component of Generally Accepted Accounting Principles (GAAP). Understanding the principles of GAAP accrual accounting can be challenging and daunting; however, with the right guidance, it can be achieved. What are Generally Accepted Accounting Principles (GAAP)?

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CPA Practice

OCTOBER 20, 2023

With governments around the world looking to restructure their economies in response to a looming climate crisis, it is no longer enough for businesses to just donate to environmental causes. Andre advises accounting industry clients on external audit, accounting, Generally Accepted Accounting Principles, income tax and internal controls.

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CPA Practice

OCTOBER 19, 2023

With governments around the world looking to restructure their economies in response to a looming climate crisis, it is no longer enough for businesses to just donate to environmental causes. Andre advises accounting industry clients on external audit, accounting, Generally Accepted Accounting Principles, income tax and internal controls.

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Basis 365

FEBRUARY 1, 2023

What is an accountant? Non-controller accountants generally perform more straightforward accounting tasks than controllers. These responsibilities include internal reports, cost accounting, tax auditing, and cost accounting. Financial Expertise Controllers have more experience than accountants.

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Going Concern

MARCH 11, 2024

“Based on input from our membership, we knew we would get pushback,” says Geno Fragnito, director of government relations at the Minnesota Society of CPAs, the state group fighting for increased freedom. Who watches the watchmen—or, in Fortune 500 terms, who audits the auditors? more than one-fifth of U.S.

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Anders CPA

APRIL 26, 2024

Jeanne Dee, CPA/CGMA, audit and assurance partner at Anders, will be honored by the University of Missouri – St. About Jeanne Dee Jeanne is a partner in audit and assurance where she specializes in audits of financial statements for not-for-profit organizations, government entities, employee benefit plans and closely-held businesses.

Missouri 52

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ThomsonReuters

JUNE 9, 2023

What makes this development particularly concerning is that it comes at a time when accountants are playing an increasingly important role in ensuring information integrity for sustainable business practices and DEI data management.

accountant 98

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Cherry Bekaert

MAY 16, 2023

Contributors: John Ford | Senior Consultant, Government Contracting Industry Practice Tony Konkol | Manager, State & Local Tax Practice As a general rule, corporations are responsible for paying Federal and state taxes on the income they earn. The government appealed this decision to the Court of Appeals for the Federal Circuit.

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CPA Practice

SEPTEMBER 23, 2024

CPAs are experts in generally accepted accounting principles, or GAAP, the complicated rules and procedures that govern the financial world. Among a CPA’s most important functions is auditing public companies to ensure their financial statements conform with GAAP.

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inDinero Tax Tips

JANUARY 1, 2025

That kind of change brings unique accounting challenges, from managing increased transaction volumes to navigating multi-state and international tax rules. Accounting Metrics Every Startup Should Monitor There are an overwhelming number of variables you could keep track of. Accountants operate on a higher level.

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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. What baffles me is I work for the government.”

Tax 59

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PYMNTS

MARCH 6, 2019

Citing analysis from the Edelman Trust Barometer, the report noted that 2018 saw the largest-ever decline in public trust in businesses and government, and it’s causing significant financial losses in the form of stock devaluation, lost business and more. In the U.K.,

Finance 55

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MineralTree

DECEMBER 15, 2022

What is Compliance in Accounts Payable? Compliance in accounts payable refers to the practice of following laws, regulations, and standards related to handling payments. This includes general accounting principles, tax rules, payment processing protocols, and anti-fraud measures. Tiresome, Expensive Audits.

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LyfeAccounting

MARCH 10, 2021

CPA accounting services most commonly include compilations, reviews, audits of financial information, and certain tax services. Compilations are basically financial statements that are prepared by an outside accountant. There are some that only CPAs can and should do, like compilations, reviews, and audits. Compilations.

CPA 52

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Going Concern

JUNE 17, 2022

FRC chair promises new boardroom audit rules for UK companies [ Financial Times ] The UK accounting regulator’s new chair has warned that the government’s decision to drop extra oversight rules for company boards to tackle audit failure was a “missed opportunity”.

accountant 52

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Accounting Insight

APRIL 26, 2023

Over the past few months, ChatGPT has been the focal point of many discussions and continues to polarise opinions, with companies and governments banning its use and Spain raising concerns with the EU data protection watchdog over privacy. AI risk managers will identify and mitigate the risks of using AI in accounting.

Technology 52

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Ryan Lazanis

JUNE 8, 2023

There’s a bunch of users sharing their pet peeves, CPA exam tips, investment strategies, and even complaints about certain jobs or the government. Regardless of that aspect, I think there’s a lot of value in joining Reddit Accounting. Topics range from accounting principles and practices to financial reporting and analysis.

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Snyder

MARCH 6, 2023

Forensic accountant Forensic accounting usually involves dealing with financial data that is hard to get, so it implies a lot of investigation to collect or reconstruct the data. Government financial experts are employed to audit documents, store records, and manage resources for governmental organizations.

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ThomsonReuters

APRIL 18, 2023

Deliver accounting and compliance news alerts so practitioners are regularly provided critical accounting, audit, and corporate finance developments, along with expert analysis. Furthermore, professionals must adhere to new auditing standards SAS 134-140.

accountant 52

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Reckon

JUNE 12, 2024

Financial reporting, meanwhile, allows you to tell your financial story to anyone who needs to hear it: investors, lenders, or even the government. Audit trail? This transparency ensures accountability and makes audits a breeze. It helps you stay on top of things and keep your suppliers, investors, and customers happy.

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ThomsonReuters

JANUARY 18, 2024

Responsibilities around AI in accounting Further illustrating this point are the advancements in innovative technology, such as AI, and its impact on the profession. In fact, more boards and audit committees are, or will be, looking for accountants who understand AI ’ s potential and limitations.

accountant 59

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Going Concern

OCTOBER 21, 2024

In a matter of weeks, we should be hearing that the Pentagon has failed yet another audit. Defense One argues this is a good thing : Far from a mere compliance exercise, the cultural and technological changes required to pass an audit are the same ones necessary to keep U.S. forces dominant.

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Going Concern

AUGUST 5, 2022

Meet the accountants who may become the new power brokers of taxes. [ needs full access to Chinese company audit papers to resolve accounting dispute -watchdog [ Reuters ] The U.S. needs full access to Chinese company audit papers to resolve accounting dispute -watchdog [ Reuters ] The U.S.

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CPA Practice

NOVEMBER 25, 2024

56, Codification of Accounting and Financial Reporting Guidance Contained in the AICPA Statements on Auditing Standards , related to subsequent events and improve the financial reporting requirements for subsequent events, according to the GASB.

accounting principles 108

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Going Concern

DECEMBER 23, 2024

The government just isn’t going to let that tax scandal thing go. The Aussie attorney general released this today : The Albanese Government is today releasing a discussion paper on the use of legal professional privilege claims in Commonwealth investigations as part of the Governments comprehensive response to the PwC tax leaks scandal.

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