ThomsonReuters

JANUARY 18, 2024

Some of the key accounting assumptions — which are beneficial for the entity, its management, as well as for those reading the financial statements — include the reliability assumption, accrual assumption, and economic entity assumption, to name a few. In addition, they must complete 72 hours of continuing education every three years.

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Cherry Bekaert

MAY 3, 2024

Regarding new recruiting policies and practices in the above list, Crystal Cooke, Director of Diversity and Inclusion at the Accounting Institute of Certified Public Accountants (AICPA) & Chartered Institute of Management Accountants (CIMA), made an interesting point.

accounting and finance 106

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Going Concern

OCTOBER 21, 2024

Financial reporting data has become extremely structured and repeatable across all enterprises because it’s guided by the standards set out through generally accepted accounting principles (GAAP), which are governed by the Financial Accounting Standards Board (FASB). Everybody measures the same things, in the same way.

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Going Concern

OCTOBER 25, 2024

KPMG CEO Paul Knopp Visits Bentley to Discuss the Future of the Accounting Industry [ Bentley University ] Paul Knopp, U.S. accounting undergraduates has dropped to its lowest level in 15 years, and the number of people taking the CPA exam has fallen as graduates opt for high-paying jobs in financial services, tech and other industries.

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PYMNTS

JUNE 17, 2019

“Congress charged the bureau with conducting financial education programs and ensuring consumers receive timely and understandable information to make responsible decisions about financial transactions,” Kraninger said. “We

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CPA Practice

JULY 27, 2023

As an example of the ChatGPT response to “What are the most time-consuming items in a CPA Firm,” ChatGPT suggested the following (completely unedited): Accounting or Certified Public Accountant (CPA) firms often have to manage numerous tasks, some of which can be quite time-consuming.

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Going Concern

MAY 12, 2023

Colorado Springs accounting firm to open Denver office [ Denver Business Journal ] Stockman Kast Ryan and Co., KPMG, PwC and Deloitte got less than 4% each, according to data from the Chinese Institute of Certified Public Accountants analyzed by Bloomberg. 1, 2024, the Financial Accounting Foundation said.

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Going Concern

JULY 29, 2024

India Today explains why US firms love hiring accountants in India : Consequently, American firms are increasingly turning to other countries to fill the gap, particularly eyeing India for its highly skilled accounting professionals. INSIDE Public Accounting continues to tease the upcoming release of the IPA 500.

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Going Concern

NOVEMBER 18, 2022

Stakeholders support the Public Company Accounting Oversight Board’s plans to update a suite of attestation rules that accountants tap to provide certain compliance audits and other reviews that go beyond financial statement audits, according to letters submitted to the board in late October.

Technology 96

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Snyder

NOVEMBER 17, 2022

But since accountancy is a necessity for so many people, accounting blogs actually gather vast and varied audiences. Accountants, bookkeepers, and CPA’s. First and foremost, accountancy blogs are read by accountants, bookkeepers , and CPAs (Certified Public Accountants). Insightful Accountant.

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CBH

MARCH 19, 2019

Almost one year has passed since the Financial Accounting Standards Board (“FASB”) released guidance for contributions accounting, but several nonprofit organizations still struggle with understanding the new provisions. Additionally, nonprofits must be able to quote the guidance in their publications.

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Going Concern

AUGUST 2, 2024

The class action alleges that Deloitte, as auditors, certified a clean financial statement without auditors’ notes or remarks to caution that it may not be up to accounting standards, according to the complaint. Mergers & Acquisitions Advisor to CPA Firms Wowed by CBIZ/Marcum [ INSIDE Public Accounting ] Allan D.

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CPA Practice

JUNE 1, 2023

(NABA) National Association of Enrolled Agents (NAEA) National Association of Tax Professionals (NATP) National Conference of CPA Practitioners (NCCPAP) National Society of Accountants (NSA) National Society of Black Certified Public Accountants, Inc. Michael Paul Donnelly, Jr.

institute of chartered accountants 111

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Going Concern

JUNE 21, 2024

Local PwC managing partner on how firm is stepping up philanthropic work in Charlotte [ Charlotte Business Journal ] PwC has leaned in more towards the Mayor’s Racial Equity Initiative, a $250 million public-private venture focused on upward mobility through a range of jobs, technology, neighborhood and educational initiatives.

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Going Concern

AUGUST 5, 2022

If the world had no accountants [ The Indicator from Planet Money ] As the unsung heroes of the financial world, CPAs (Certified Public Accountants) are responsible for a wide range of important tasks, from balancing the books to investigating fraud. Meet the accountants who may become the new power brokers of taxes. [

Account 98

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Going Concern

SEPTEMBER 13, 2024

This Week in PCAOB Paper-Pushing US SEC approves new audit quality benchmarks over Republican objections [ Reuters ] Wall Street’s top regulator on Monday gave the nod to new accounting standards set by a watchdog agency, part of an effort to address concerns about the prevalence of poor quality audits. The five-person U.S.

Kansas 104

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Going Concern

FEBRUARY 2, 2024

Societies New NJCPA CEO Tackling Accountant Shortages [ Commerce Magazine NJ ] Aiysha “AJ” Johnson, the new CEO and executive director of the NJ Society of Certified Public Accountants (NJCPA) gives a simple definition of her role – advocate and voice of the membership. But the challenges she is facing defy simplicity.

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