CPA Practice

SEPTEMBER 17, 2024

million to the Securities and Exchange Commission (SEC) on Tuesday to settle charges that it bungled audits of failed crypto asset trading platform FTX. Prager Metis also settled separate charges that it violated SEC auditor independence rules. Top 60 accounting firm Prager Metis agreed to pay $1.95

audit 59

audit auditor cpas financial statements 59

Going Concern

FEBRUARY 24, 2023

Some time last year PCAOB inspectors visited China and while details of their visit were kept somewhat quiet from both sides, we were told that the inspectors gained unprecedented access to Chinese audit work.

audit 105

audit auditor accounting and finance Washington 105

CPA Practice

JANUARY 22, 2024

A top midtier accounting firm ended 2023 by having the most new initial public offering (IPO) audit clients in the fourth quarter, as the number of companies going public dropped compared to the previous quarter, according to an analysis by Ideagen Audit Analytics. The company’s auditor is EY. billion in gross proceeds.

audit 64

audit auditor New York accounting firms 64

Going Concern

MARCH 24, 2023

Stanton was licensed as a certified public accountant in New York in 1988 and had previously run his own firm. Auditors have done so too. Adler, ditched by its auditor KPMG last year after the Big Four firm issued a disclaimer opinion for the 2021 results, has so far been unsuccessful in its search for a replacement.

auditor 105

auditor Entertainment audit Real Estate 105

Going Concern

MARCH 8, 2024

District Court for the Southern District of New York said. When conducting the fiscal year 2021 audit of Tingo, Inc., In the wake of the deficient audit work by the firm and Gries, Tingo underwent multiple restatements of its 2021 financial statements. KPMG has built up a large business auditing U.S.

audit 100

audit auditor New York Legal 100

Going Concern

NOVEMBER 11, 2022

The next generation of accountants and auditors is in demand, but Ben Lansford, an accounting professor and director of the Master of Accounting program at the Jones Graduate School of Business at Rice University explained why some are hesitant. Audit Fees Rise Only 2.5%, But Audits Require Greater Effort [ CFO ].

audit 98

audit auditor Louisiana cpas 98

Going Concern

SEPTEMBER 22, 2023

Michael Harlow to Lead Cannabis Practice at CohnReznick [ INSIDE Public Accounting ] New York-based IPA 100 firm CohnReznick LLP (FY23 net revenue of $920 million) has named Michael Harlow as leader of its cannabis industry practice. It’s free and provides CPE; advance registration is required.

audit 109

audit accounting and finance Virginia auditor 109

Withum

NOVEMBER 6, 2024

The consequences of not paying reasonable W2 salaries are as follows: Increased IRS scrutiny and audits: Underpaying active shareholders in salary while paying significant distributions can trigger IRS audits. This misclassification can trigger scrutiny from the IRS leading to potential audits.

payroll tax 72

payroll tax Florida New York payroll 72

TaxConnex

MARCH 16, 2021

sales tax audits ?are sales tax audits to increase over the next two years.? already seen an increase in audits over that same time. Among larger states, California and New York ha ve intensified efforts to enforce present, future and past compliance with sales tax regulations. and pandemic,? Two out of five?respondents?to

South Dakota 221

South Dakota audit Alaska auditor 221

CPA Practice

SEPTEMBER 26, 2023

BDO USA was fined $2 million and two of the firm’s partners were fined a total of $60,000 by the Public Company Accounting Oversight Board (PCAOB) for failures in connection with the 2017 audit of AAC Holdings, which through its subsidiaries provides inpatient substance abuse treatment services, the audit regulator said on Tuesday.

audit 52

audit auditor New York financial statements 52

Going Concern

SEPTEMBER 9, 2022

Although New York, Texas, and California dominated the number of jobs being offered for the roles analyzed, Florida was the only state to appear in the top five in each of the four positions reviewed. BDO bolsters audit practice with 600 new trainees following watchdog’s damning criticism [ City A.M. Supply and Demand.

audit 98

audit chartered accountant auditor New York 98

CPA Practice

OCTOBER 31, 2023

Also, both New Jersey ( L. 2022, A4909 ) and New York ( L. Consider having an outside vendor help audit the tool before and after implementation, to monitor for and correct for any potential disparate impact on protected groups. Should human resource and payroll departments be represented for internal/external audits?

Legal 116

Legal audit payroll Technology 116

Going Concern

SEPTEMBER 29, 2023

Deloitte UK said revenue grew 14% to £5.6bn in the year to May, as buoyant markets in the first six months of its financial year bolstered demand for audit and advisory work. It helped offset the “increased caution” among more cash-strapped clients and a slowdown in merger and acquisition activity in the months that followed.

auditor 111

auditor audit New York CPA 111

Going Concern

MAY 31, 2024

Municipal Dumpster Fires Woonsocket city council respond to auditors abruptly quitting [ WLNE Providence ] Shout-out Mary Sahady who finally had enough of this b t and told this messy client to get bent. Woonsocket officials are hoping city auditors will change their mind, after they abruptly quit this past week.

auditor 106

auditor audit accounting and finance New York 106

Going Concern

DECEMBER 5, 2022

In an article for CoinDesk , Francine McKenna took a crack at why the FTX debacle happened, and like she always does when there ’s really bad accounting at a company going through a financial crisis, who are/were the auditors: It’s not clear why FTX commissioned two different audit firms to audit its 2020 and 2021 financial statements.

audit 52

audit auditor financial statements public accounting 52

Going Concern

JULY 7, 2023

The paper, “A Welfare Analysis of Tax Audits Across the Income Distributed,” published in June, is based on an analysis of about 710,000 in-person audits of individuals from 2010 to 2014. In comparison, audits of below-median income taxpayers yield $5, the paper said. and NetEase Inc., said the people.

audit 105

audit accounted accountant Account 105

Going Concern

MAY 31, 2023

Discountenanced Credit Suisse stockholder Gregory Stevenson is suing 29 of Credit Suisse’s current and former directors and officers, the bank’s ex-auditor KPMG, and various KPMG henchmen on behalf of investors alleging the firm looked the other way while aforementioned directors and officers plundered the bank for more than a decade.

audit 111

audit New York Non-Profits auditor 111

Going Concern

SEPTEMBER 18, 2023

Sierra, a 23-year-old associate in New York is feeling “horrible” pressure to perform so she is not laid off. The hiring will be for higher-graded revenue agents, which are specialized technical positions that generally focus on audits. “And here we are, where this protection system is being used to exploit investors. .

audit 64

audit accounted Account accountant 64

TaxConnex

OCTOBER 15, 2024

Investigators and others say the above happens regularly, especially in a state like New York, where there’s extraordinary wealth and wide distribution of expensive products and services. Auditors might not knock on your door today but could be knocking on the door of one of your vendors.

Sales 264

Sales New Hampshire Tax income tax 264

CPA Practice

OCTOBER 21, 2024

Top 20 accounting firm Armanino has received a minority investment from Further Global Capital Management, a New York-based employee-owned private equity firm that makes investments in businesses within the financial services industry. Collectively, these entities and the subsidiaries will continue under the brand name Armanino.

cpa firm 80

cpa firm CPA auditor audit 80

TaxConnex

MARCH 21, 2024

It did, but the South Carolina Department of Revenue later audited Amazon and found that it had failed to adequately tax sales by third-party merchants. Auditors slapped Amazon with some $12.5 million in taxes, penalties and interest for the first three months of 2016.

South Carolina 264

South Carolina Sales Tax Alabama 264

Going Concern

MAY 20, 2024

Today the EY organization has announced new technology capabilities and a global Artificial Intelligence (AI) Assurance framework for EY professionals as part of a multi-year, technology driven audit transformation program which is supported by plans to align approximately 9,000 Technology Risk professionals to the Assurance service line.

audit 105

audit auditor accounted accountant 105

Going Concern

MARCH 11, 2024

New York Times wrote a piece on people who bet on the Oscars and included this bit: Because the outcomes of sports games are unknown before the matches, allowing bets on them is considered less risky than bets on awards shows, whose results are decided in advance. He’s right on that last point tho. Who’s everybody?

audit 64

audit Minnesota accounted accountant 64

Going Concern

MAY 26, 2023

Long Read How a Pandemic-Era Program Became a Magnet for Fraud [ New York Times ] Amid the onset of the pandemic in 2020, as large swaths of the economy went into lockdown, Washington set up various programs to help keep businesses and their workers afloat. Have a safe Memorial Day. The reshuffle goes into effect on July 1. ‘No

public accounting 104

public accounting accounted accountant Account 104

Going Concern

JANUARY 9, 2023

A PCAOB inspections leader offers his insight to auditors at a conference: “The role of the financial statement auditor and the auditing profession continues to be a noble endeavor that has never been more needed and vital to our economic stability and the well-being of our capital markets,” said George Botic, CPA.

CPA 105

CPA auditor Tax accounted 105

ThomsonReuters

JUNE 24, 2024

As unclaimed property compliance evolves, with trends such as shorter dormancy periods and new property types like virtual currency and payroll cards, coordination across the organization is essential. This ensures that all relevant property types, beyond just payroll, are accurately reported to minimize potential audit concerns.

accounting firms 52

accounting firms payroll West Virginia accounted 52

Going Concern

MARCH 11, 2022

tax authority into historic audit failures by the “Big Four” firms, and discusses the prospects for success of proposed major reforms to the audit regime. expected to reach consensus soon in audit talks -sources [ Reuters ] Discussions between Chinese and U.S. Auditors really are a class of their own. China, U.S.

auditor 92

auditor tax return audit accounted 92

ThomsonReuters

SEPTEMBER 22, 2023

Also, both New Jersey ( L. 2022, A4909 ) and New York ( L. Consider having an outside vendor help audit the tool before and after implementation, to monitor for and correct for any potential disparate impact on protected groups. Should human resource and payroll departments be represented for internal/external audits?

Legal 52

Legal audit payroll Technology 52

Going Concern

JULY 7, 2022

There’s a story in the New York Times today about how EY “devised an elaborate arrangement” for nonprescription drugmaker Perrigo to avoid more than $100 million in taxes, an arrangement that was questioned by Perrigo’s then-auditor BDO. That’s not the role of an independent auditor.”. government.

auditor 64

auditor audit Non-Profits Construction 64

Going Concern

NOVEMBER 16, 2022

” have told Reuters that the PCAOB’s trip to Hong Kong to finally inspect Chinese audit work went pretty well. The sources, however, cautioned that the broader review of work done by Hong Kong and China-based auditors was ongoing and that no decision had been taken on whether the dispute could be considered over.

audit 64

audit auditor New York Government 64

Going Concern

MARCH 22, 2023

Last spring, administrators for collapsed healthcare group NMC Health filed a big ole negligence lawsuit in London against EY, who audited NMC for 14 years and missed a billion and a half dollars that were inappropriately transferred into NMC founder Dr. Bavaguthu Raghuram Shetty’s bank account before NMC went bust.

audit 98

audit auditor Legal Healthcare 98

Going Concern

APRIL 6, 2022

Starting salaries in Tax and Audit are up ever-so-slightly from 2021: Tax. Audit and assurance services. Senior auditor: 1.6%. Auditor, 1-3 years’ experience: 2.2%. Auditor, 1-3 years’ experience: 2.2%. Entry-level auditor: 1.6%. These salary projections cover the following nine positions: Audit partner.

accountant salary 72

accountant salary accounted Account accountant 72

Going Concern

FEBRUARY 10, 2023

Audit Americanas’ $4 Billion Accounting Scandal Puts More Scrutiny on PwC’s Auditing Record [ Bloomberg ] A $4 billion accounting shortfall would typically raise alarm bells for an auditor. DeSantis Gains Control of Tax Board Overseeing Disney World [ New York Times ] Last year, at the urging of Gov.

Florida 105

Florida Tax North Dakota accounted 105

Going Concern

APRIL 3, 2023

EY fined, banned from some audits in Germany over Wirecard scandal from Reuters : Germany’s accounting watchdog on Monday handed the 2016-2018 auditor of Wirecard, named in the company’s annual reports as EY, a 500,000 euro fine ($541,650.00) and banned it from taking on new audits for companies of public interest for two years.

auditor 52

auditor accounted accountant Account 52

CPA Practice

JULY 17, 2024

For founders, regardless of whether they use a Big Four auditor, an independent firm, or an automated DIY solution, this headache will not affect tax season, says Richmond. In March, Fundguard, a New York-based AI accounting startup designed for asset managers, raked in $100 million. Other VCs would seem to agree.

accounted 124

accounted Account accountant Technology 124

Going Concern

MAY 12, 2023

He will be starting as an investment-banking analyst for the technology, media and communications team in New York City at Lincoln International this summer. In 2021, the Big Four audited a quarter of China’s 98 central SOEs, but EY led the pack earning about 12% of its revenue in the country from these giant corporations.

CPA 111

CPA accounted accountant Account 111

Going Concern

NOVEMBER 4, 2022

PricewaterhouseCoopers LLP’s $267 million settlement with retirees seeking higher pension benefits received early approval from a New York federal judge, paving the way for resolution of a 16-year-old class action challenging various aspects of the company’s pension plan. She has been a partner since 2006. to Yum China Holdings Inc.

audit 98

audit accounted accountant Account 98