Going Concern

AUGUST 14, 2023

When you woke up this morning did you let out a big yawn and then ask yourself “how can audit firms respond to ongoing regulatory scrutiny?” PCAOB staff expects approximately 40% of the audits reviewed in 2022 will have one or more deficiencies, up from 34% in 2021 and 29% in 2020. Who’s gonna tell them?

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Going Concern

MARCH 25, 2022

PCAOB cautions firms on use of outside service providers for audit confirmations [ Accounting Today ] The Public Company Accounting Oversight Board issued a Spotlight publication Monday containing some observations and reminders for auditing firms about relying on outside service providers for electronic audit confirmations.

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inDinero Tax Tips

APRIL 11, 2023

Other states that have a franchise tax include Alabama, Arkansas, Delaware, Georgia, Illinois, Louisiana, Missouri, New York, North Carolina, and Oklahoma. Quick Note: This article is provided for informational purposes only, and is not legal, financial, accounting, or tax advice.

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inDinero Tax Tips

APRIL 20, 2021

Currently, Alabama, Arkansas, Delaware, Georgia, Illinois, Louisiana, Missouri, New York, North Carolina, and Oklahoma have a franchise tax. At the state level, an IRS Information Sharing Agreement includes: Audit results, Federal individual and business return information, and. The Delaware franchise tax. Employment tax information.

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Going Concern

AUGUST 19, 2022

Audit Watchdog Fines KPMG Korea for Quality Control Failures [ Wall Street Journal ] The Public Company Accounting Oversight Board on Tuesday fined KPMG LLP’s Korea unit $350,000 for failing to set up adequate quality controls to prevent improper changes to work papers. audit watchdog’s latest enforcement action against a non-U.S.

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