Going Concern

JUNE 3, 2022

Accountant Finds Out Client Has “Skeletons In The Closet”, Gets The IRS Involved And Makes Him Lose Everything [ Bored Panda ] It was posted on Reddit so obviously it must be true. That is a far broader calculation than the old rules, which were based on losses expected imminently.

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CPA Practice

APRIL 10, 2024

The accounting profession is struggling to deal with a talent shortage. Fewer students are selecting accounting as a major, and those who do often opt for careers outside of public accounting. India, in particular, has become a hub for highly qualified accountants, many of whom possess a deep understanding of U.S.

Technology 106

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Going Concern

MARCH 22, 2024

Day Named Technical Director of the Financial Accounting Standards Board [ FASB ] The Financial Accounting Standards Board (FASB) on March 20 announced the appointment of Jackson M. Movers and Shakers Jackson M. Day to the role of director of technical activities. Mr. Day will begin his new duties at the FASB this July.

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Going Concern

OCTOBER 1, 2022

Seven things you (probably) don’t know about internal auditing [ Accountants Daily ]. Number 1: It does not mean accounting (No really, that’s #1 on the list). Accountant Life. Burned out on public accounting or burned out on your firm? They’re not the same thing [ Accounting Today Opinion ].

Non-Profits 98

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Going Concern

APRIL 4, 2025

Talent Huntsvilles growth puts pressure on local accounting industry [ Huntsville Business Journal ] Huntsville has grown tremendously over the last decade, yet the number of CPAs seems to be decreasing here, said Jeff Brown, CPA, CFE, of Henry & Brown Certified Public Accountants.

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Going Concern

MARCH 24, 2023

[ Journal of Accountancy ] Pandemic pressures have worn the workforce thin, and the economy is in the thick of rapid, radical change. Many practitioners in public accounting are feeling burned out. Stanton was licensed as a certified public accountant in New York in 1988 and had previously run his own firm.

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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.

CPA 111

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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.

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CPA Practice

FEBRUARY 28, 2023

“Steady increases in reporting and assurance are significant, yet more companies need to take the additional step to obtain assurance to build trust and confidence in what they report,” said Susan Coffey, AICPA & CIMA’s CEO of public accounting. Our profession’s role in providing that assurance is crucial.

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CPA Practice

APRIL 11, 2023

In this newly created role, Yujuico, a Certified Public Accountant, will oversee day-to-day activities of the growing team of chief auditors, crew and cadets. It’s an incredible time to join AuditClub in its mission to make accounting and auditing better,” says Yujuico. “I

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CPA Practice

NOVEMBER 6, 2023

AICPA News is a round-up of recent announcements from the American Institute of Certified Public Accountants. During his career, Herz served as a senior partner with PricewaterhouseCoopers (PwC), where he led various initiatives and held senior roles, providing valuable guidance to clients and colleagues.

Texas 114

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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

NOVEMBER 18, 2022

As such, research from the AICPA (“Trends in the Supply of Accounting Graduates and the Demand for Public Accounting Recruits”) suggests that employers have begun to hire from other more technical undergraduate degree fields, such as management information systems (MIS), instead of accounting graduates.

Technology 96

Technology audit auditor accounting and finance 96

Cherry Bekaert

MARCH 6, 2024

Cherry Bekaert’s tax team brings expertise in both industry and public accounting to deliver a tailored solution. At Cherry Bekaert, we tailor our solution to your unique situation in order to best support your finance team.

Tax 52

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CPA Practice

MARCH 21, 2023

LeaseCrunch LLC , a maker of lease accounting technologies, has nearly doubled its team as the company achieves record growth. LeaseCrunch now supports over 500 CPA firms (including 43% of the top 400 CPA firms as ranked by Inside Public Accounting ) and 15,000 companies across the nation on its lease accounting software.

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DMCL

JUNE 8, 2023

CPAB – CPAB is the Canadian Public Accountability Board. CPAB oversees public accounting firms that audit Canadian reporting issuers (publicly traded companies). PCAOB – PCAOB is the Public Accounting Oversight Board (United States). PCAOB oversees the audits of US public companies and other SEC issuers.

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ThomsonReuters

APRIL 18, 2023

accounting standards require prior statements to be corrected and the corrections to be disclosed. The CPA will judge the information based on how well it complies with accounting standards. What is a financial statement restatement? When there are errors in financial reporting, U.S.

financial statements 52

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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.

CPA 116

CPA Account accountant accounted 116

Cherry Bekaert

MAY 9, 2024

A: Designed as a tool guide for state DOT auditors, A&E firms, and public accounting companies that perform audits and attestations of A&E firms, the AASHTO Uniform Audit & Accounting Guide was recently updated in March 2024, superseding the 2016 edition. Q: Why is a FAR overhead audit needed?

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Cherry Bekaert

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.

Account 40

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CPA Practice

JULY 8, 2024

The survey polls chief executive officers, chief financial officers, controllers and other certified public accountants in U.S. companies who hold executive and senior management accounting roles.

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CPA Practice

APRIL 27, 2023

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). Mr. Legg is a certified public accountant (CPA) who received his Bachelor of Science, Accounting, from St.

Real Estate 52

Real Estate Entertainment accounting and finance accounting firms 52

CPA Practice

JUNE 19, 2023

Federal single-audit requirements are not a topic that can be mastered in a one-day in-house training seminar, and the ever-increasing number and nuances of governmental accounting standards now require a higher level of staff specialization than prevailed decades ago. So there is a skills shortage as well as an economic disincentive.

Government 98

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Cherry Bekaert

JULY 30, 2024

For example, you may find you do not yet have the financial controls and/or processes in place to comply with the Public Company Accounting Oversight Board’s (PCAOB) standards for publicly traded companies.

financial statements 64

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CPA Practice

FEBRUARY 22, 2024

On a positive note, the study found over half of companies use the Sustainability Accounting Standards Board (SASB) Standards and the Task Force on Climate-related Financial Disclosures (TCFD) Framework, which should ease the transition to the International Sustainability Standards Board (ISSB) standards released last year.

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PYMNTS

JUNE 17, 2019

Separately, at the state level, in California , a number of certified public accountants (CPAs) are calling for an industry watchdog to clarify the standards in place for cryptocurrency-related accounting.

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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.

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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.

Technology 98

Technology audit Education accounting and finance 98

Going Concern

JUNE 7, 2023

For some time now municipalities have felt the crunch from the accountant shortage and unlike public accounting firms feeling the same, these entities don’t have the luxury of turning down work to ease it nor can they overwork their people with no overtime. Glad you didn’t ask!

Government 52

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Going Concern

APRIL 15, 2024

In response, the Public Company Accounting Oversight Board has drafted a rule that the accounting firms can have public trust or private financials—but they can’t have both. Public accounting firms operate in a unique space in our society. Regulations need to change to match. Right now, they don’t.

audit 64

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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.

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PYMNTS

MAY 21, 2018

M&G chief executive Anne Richards, HM Treasury non-executive director and deputy chair of Kinnevik Amelia Fawcett, and former audit partner at PwC and former chair of the Accounting Standard Board Mary Keegan are all on the panel.

Account 40

Account accountant accounted audit 40

CPA Practice

OCTOBER 20, 2023

He has served on the boards of the SASB Foundation and the Value Reporting Foundation, and as a member of the IFRS Advisory Council and the US Financial Accounting Standards Advisory Council. During his career, Mr Bless has had responsibility for financial, regulatory and sustainability reporting.

Washington 52

Washington cpas accounting and finance audit 52

CPA Practice

OCTOBER 19, 2023

He has served on the boards of the SASB Foundation and the Value Reporting Foundation, and as a member of the IFRS Advisory Council and the US Financial Accounting Standards Advisory Council. During his career, Mr Bless has had responsibility for financial, regulatory and sustainability reporting.

Washington 52

Washington cpas accounting and finance audit 52

Cherry Bekaert

APRIL 3, 2023

As such, the American Institute of Certified Public Accountants (AICPA) replaced prior SAS 70 and SSAE16 audits, as well as Webtrust and Systrust reports/seals, with a set of standards referred to as the Statement on Standards for Attestation Engagements No. 18 (SSAE 18) and No.

financial statements 75

financial statements accounting and finance audit auditor 75

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. The goal: to ensure that financial information is consistently and accurately reported.

Account 59

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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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