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audit auditor New York 
TaxConnex
DECEMBER 23, 2021
If you and your company haven’t been hit with a sales tax audit yet, congrats. In TaxConnex’s recent market survey more than one in four (26.7%) top finance professionals in a variety of industries report seeing an increase in state sales tax audits in the past two years. Sales Tax Audit Triggers. Sales Tax Audit Triggers.
244 
TaxConnex
FEBRUARY 23, 2021
M any industry experts believe that as state tax revenues continue to dry up from the economic shutdown and continuing pandemic , state sales tax audits are likely to increase sharply in the coming months. No audit numbers – yet. Jurisdictions can discover your company’s nexus through audit – and not just an audit of you.
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The New Way CPAs are Delivering Value: Aligning Automation with Client Success
Profit in the Details: Rethinking Spend for Monumental Impact
Fall In Love With the Month-End Close
Building a Business Case for Finance Automation
Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape
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
221 The New Way CPAs are Delivering Value: Aligning Automation with Client Success
Profit in the Details: Rethinking Spend for Monumental Impact
Fall In Love With the Month-End Close
Building a Business Case for Finance Automation
Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape
Accounting Today
MARCH 5, 2024
The auditing giant KPMG audited the three regional banks that failed last year. New York Community's recent disclosures that it had financial reporting weaknesses in 2023 raises new questions over the auditors' role.
75 
Going Concern
JUNE 29, 2022
The hardworking human beings at Audit Analytics have released their analysis of initial public offering trends and IPO auditor market share for the first quarter of this year , a period in which the number of companies going public was minuscule compared to Q1 of 2021. Marcum and Withum combined audited 49.3%
105 
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.
264 
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.
105 
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.
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.
100 
Going Concern
FEBRUARY 6, 2023
Here’s some news to start the week and give you something to talk about around the virtual watercooler. Auditing is the most “in demand” finance career right now according to a new study from CMC Markets, an online trading platform, which analysed monthly Google searches using Ahrefs for jobs within the financial industry.
19 
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 ].
98 
Going Concern
OCTOBER 18, 2024
has entered into an agreement to be acquired by New York-based professional services firm Citrin Cooperman. SEC’s Dropped Auditing Charges Shows Damage of Jarkesy Decision [ Bloomberg Law ] The Securities and Exchange Commission’s recent decision to drop misconduct charges against a handful of auditors proves the SEC v.
104 
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.
109 
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.
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?
116 
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.
111 
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.
111 
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.
203 
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.
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.
64 
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.
106 
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.
105 
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.
105 
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
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.
92 
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
59 
Shay CPA
SEPTEMBER 18, 2024
Getting an audit notice from a tax authority is enough to stop most founders in their tracks. While things like high deductions can definitely trigger an audit, it’s also possible to get chosen at random. No matter why you get an audit letter, one thing is always true: the steps you take next matter.
52 
Going Concern
FEBRUARY 2, 2024
The Telegraph on why EY dropped UK grocery chain Asda: EY has quit as auditor to Asda amid one of its senior partners starting a romantic relationship with billionaire chief executive Mohsin Issa, The Telegraph can reveal. Filings show she resigned as a partner the day after EY resigned as Asda’s auditor.
12 
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.
80 
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.
105 
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.
98 
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.
52 
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. .
64 
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.
52 
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.
111 
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?
64 
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.
124 
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.
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.
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.
64 
Going Concern
FEBRUARY 9, 2024
Anchin, Block & Anchin LLP was founded in 1923 by Max Anchin, Max Block, and David Anchin, three City College of New York (CC N Y) graduates working out of a one-room rented office in the Bronx, N.Y. In an article titled “How do Financial Executives Respond to the Use of Artificial Intelligence in Financial Reporting and Auditing?”
104 
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.
64 
PYMNTS
AUGUST 6, 2020
In July, the Prudential Regulation Authority (PRA), the BoE division that supervises large banks, warned that some new lenders had underestimated the cost required to become an established bank, and called for improved planning, stronger governance and clearer paths to profitability.
78 
CPA Practice
SEPTEMBER 12, 2024
Earlier in his career, Burke held several progressive managerial roles in financial services, including serving as executive vice president and chief lending officer at Wayne Bank, where he managed the overall sales, service, and operations of the commercial banking division across Pennsylvania and New York. She works remotely.
104
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