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audit auditor Washington 
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.
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TaxConnex
FEBRUARY 3, 2022
So has the sales tax audit. Examiners can still show up and go over your books in person, and tax agencies will still send audit notices via snail mail. Many events can ignite a sales tax audit. But have sales tax audits changed over the last few years, through the pandemic and the introduction of economic nexus in 2018?
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Crafting Impact: Revenue Growth And Efficiency For Finance Professionals
Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors
The New Way CPAs are Delivering Value: Aligning Automation with Client Success
Profit in the Details: Rethinking Spend for Monumental Impact
CPA Practice
JULY 11, 2024
a provider of assured integrated reporting, has added the Global Internal Audit Standards to the Workiva platform, making it the first SaaS company to incorporate the newest standards into its suite of GRC (governance, risk, and compliance) solutions. Workiva Inc.,
111 Crafting Impact: Revenue Growth And Efficiency For Finance Professionals
Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors
The New Way CPAs are Delivering Value: Aligning Automation with Client Success
Profit in the Details: Rethinking Spend for Monumental Impact
CPA Practice
JANUARY 23, 2023
With markets changing and capital becoming more constrained by the day, there is a rapidly heightened awareness of the role that due diligence and audits play. These manual verification procedures are painstaking — and most often relegated to the audit professionals early in their career. By Tod McDonald.
124 
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
JANUARY 12, 2024
Long Reads How Auditor Deloitte Missed A Nigerian Company’s Massive Fraud [ Forbes ] Hindenburg Research, known for sniffing out corporate scams, took aim in June at an obscure Nigeria-based outfit named Tingo Group. These issues were apparently not glaring enough for the company’s auditor, however.” million in audit fees in 2022.)
111 
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
JULY 31, 2023
Currently KPMG, Deloitte and EY provide both consulting and audit to both the public and private sector. Originally they were just audit firms,” he said. Then the audit firms decided to create this problem by going off and doing their own consulting and the whole thing’s got out of hand.”
98 
Going Concern
AUGUST 12, 2022
Hold Auditors Accountable for Complicity in Corporate Fraud [ Bloomberg Tax ] Unfortunately, since the fall of Arthur Anderson in the wake of the Enron scandal, the SEC and PCAOB have often failed to go after auditors playing fast and loose with the rules. over BT fraud audit failures [ The Guardian ] PwC has been fined almost £1.8m
98 
CPA Practice
JULY 16, 2024
AuditBoard , a cloud-based platform transforming audit, risk, compliance, and ESG management, has launched new of out-of-the-box, self-assessment tools that enable internal auditors to easily assess and streamline conformance with the new Institute of Internal Auditors (IIA) Global Internal Audit Standards that go into effect January 9th, 2025.
105 
Going Concern
JUNE 10, 2022
This press release from the SEC is wayyyy too boring to be rewritten in an interesting way on a sunny Friday afternoon so have some copy paste instead: The Securities and Exchange Commission today charged audit firm CohnReznick LLP with improper professional conduct on engagements for two clients in 2017. Audits in 2017; charges June 8, 2022.
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Going Concern
JANUARY 9, 2023
.) — has joined Deloitte’s Washington National Tax practice as the deputy managing principal of the Tax Policy Group. “Like oxygen, audit quality may not be fully appreciated when it is present, but I think you can definitely tell when it’s missing.” The median annual salary for CPAs was $77,250 in May 2021.
105 
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
APRIL 28, 2023
This time it is related to their audit of TheWorks.co.uk, a discount retailer specializing in arts, crafts, toys, books, stationery, and perpetual fire sales of various cheap stuff with which to clutter your domicile and desk drawers. Another day, another Financial Reporting Council fine for KPMG. What did they do? Inventory got ’em.
97 
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 
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. The reshuffle goes into effect on July 1. ‘No million over a decade.
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 
TaxConnex
SEPTEMBER 7, 2023
Washington State gives no blanket exemption to nonprofits. During a sales tax audit, one of the first requests from the auditor will be for copies of all exemption certificates for any exemptions claimed on sales tax returns. Minnesota exempts non-profits from collecting sales tax when the sales are for fundraising.
147 
CPA Practice
SEPTEMBER 12, 2024
Accountants, comptrollers, auditors and investigators cannot review every movement of every penny across thousands of transactions and countless accounts. Audits are not designed to catch fraud, per se. The evidentiary chain of custody remains unbroken, resulting in auditable and courtroom-ready evidence.
Going Concern
MARCH 16, 2022
The big news in the accounting profession yesterday afternoon from Dave Michaels of the Wall Street Journal was that the SEC is investigating the Big 4 and other public accounting firms on whether the consulting and non-audit services they sell to clients is conflicting with their independence as the auditors of said clients.
52 
CPA Practice
AUGUST 29, 2023
The Institute of Internal Auditors (The IIA) – the internal audit profession’s leader in standards, certifications, education, research, and technical guidance worldwide – will host its annual Financial Services Exchange from September 11-12 in Washington, D.C., along with a virtual attendee option.
52 
Withum
OCTOBER 3, 2023
This is unlikely to occur because of the current gridlock in Washington, but it would be a revenue raiser. The IRS is on “high alert” with regard to specious ERC claims and it is aggressively auditing both new claims and claims that were already paid. In other words, playing the audit lottery is risky. Nothing, really.
122 
CPA Practice
AUGUST 6, 2024
Brown Plus Welcomes Four New Team Members Leading accounting and advisory firm,Brown Plus, recently announced the hiring of four new team members: Michael Corona started with Brown Plus as an intern and is now an Audit Associate. He graduated from York College with a Bachelor’s degree in Accounting.
105 
Going Concern
MAY 12, 2023
Talent Why Graduates Aren’t Hot on Accounting Careers: Low Starting Pay, Onerous Testing [ Wall Street Journal ] For Connor Verrett, an economics major and entrepreneurship minor at Washington & Lee University who expects to graduate this month, that roadblock was among the factors he considered in eschewing an accounting career. “It
111 
TaxConnex
OCTOBER 4, 2022
You also have to manage and respond to all of the notices from jurisdictions (and there will be a lot), manage sales tax audits, respond to nexus questionnaires by the jurisdictions, and maintain an accurate tax calendar to include changes in filing frequencies as well as filing and payment methodologies. Are they experienced with auditors?
130 
CPA Practice
APRIL 11, 2024
The agency wants to file the citizen’s taxes, collect that money, and double back to conduct audits—without any mediating institution to gainsay potential (nay, likely) abuse. Washington politicians and bureaucrats certainly should not promote its adoption. Govini reported the Obamacare website cost taxpayers $20.2
98 
Going Concern
NOVEMBER 4, 2024
Earlier: PwC Joins Deloitte, KPMG, and Mazars in the Cheater Hall of Fame The Conversation (Australia) asks a simple question: The ‘big 4’ accounting firms often consult for the same clients they audit. Public trust in the auditing profession is under intense pressure. Should that be allowed?
105 
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
NOVEMBER 4, 2022
KPMG LLP and former audit principal withdraw request for review of DFSA fines [ The National ]. KPMG LLP and its former audit principal Milind Navalkar have withdrawn their request for a review by the Financial Markets Tribunal against the Dubai Financial Services Authority’s decision to impose financial penalties on them.
98 
Going Concern
FEBRUARY 27, 2023
“IRS tech is so ‘archaic’ the agency struggles to find people to work it” from The Washington Post : The Internal Revenue Service, which funds nearly everything the federal government does, uses information technology that is creaking with old age. Yet that is what the IRS deals with every day.”
105 
CPA Practice
NOVEMBER 27, 2024
Avoid the risk of burnout: Flexible schedules can help mitigate stress during high-demand periods, like tax season, audit season and the year-end close. operations, based in the Washington, D.C., Giving accountants the option to work during their peak focus hours can help them deliver high-quality work more efficiently.
111 
Snyder
OCTOBER 12, 2022
Department of Labor’s Bureau of Labor Statistics (BLS), bookkeepers and accounting clerks will experience almost a 4% employment decline in the decade 2018-2028, compared to a projected 6,4% increase in accountants and auditors during the same period, which is shown in the table 1. for accountants and auditors, which is almost half fewer.
98 
CPA Practice
APRIL 11, 2023
Brian Yujuico has been named vice president and senior chief auditor at AuditClub, the Audit Service Center and creator of the innovative auditors-as-a-service model. 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.
CPA Practice
AUGUST 11, 2023
The agency is devoting additional resources to the problem, including hiring specially trained auditors to process ERC claims and ensure the claims are legitimate. Increased scrutiny will include audits and support from the Criminal Investigations division to identify fraudulent claims, and prosecute when warranted.
98 
Going Concern
NOVEMBER 7, 2022
Average audit fees rose a slight 2.5% from $2,600,677 in 2020 to $2,666,659 in 2021, reflecting increased demands on auditors during the pandemic, according to a study released Monday. The post Monday Morning Accounting News Brief: Audit Fees Are Up; Salary Expectations Are Too High; Sus SEC Shizz | 11.7.22
52 
Withum
SEPTEMBER 16, 2022
For example, New York, Ohio, Pennsylvania, and Washington have increased their efforts to find online retailers who are not complying with the sales tax rules. Also, many states are hiring more sales tax auditors to audit more companies and identify related vendors who may not comply with sales tax. Let’s Talk.
80 
Going Concern
NOVEMBER 14, 2022
PwC Deals Director Orla Fisher, who switched from Audit to Deals in 2007, tries to explain what she does for a living : “Deals is essentially helping people to buy and sell companies. A recent agreement between Washington and China allowing U.S. A recent agreement between Washington and China allowing U.S.
59 
Going Concern
JULY 1, 2022
Ernst & Young IPO Will Create a Lot of Sour Grapes [ Washington Post ] Big Four auditor Ernst & Young LLP’s potential IPO of its consulting activities could trigger stock windfalls of as much as $8 million each for the consulting partners, according to the Financial Times. In time, they could cash in their stock.
59 
Going Concern
FEBRUARY 19, 2024
Fun President’s Day fact: although the third Monday in February is meant to recognize the birthdays of both first president George Washington and original hipster Abraham Lincoln, only Washington’s birthday — February 22 — is officially recognized in federal law ( 5 U.S. Everyone’s out buying mattresses.
59 
Going Concern
AUGUST 26, 2022
Effective audit, attestation, quality control, ethics, and independence standards advance audit quality and are foundational to the PCAOB’s execution of its mission to protect investors. These standards provide the requirements auditors must satisfy when conducting their audits. And we are just getting started.”.
52 
Angry Accountants
SEPTEMBER 9, 2009
Bureau of Labor Statistics estimates that government accountants and auditors averaged the following yearly salaries in 2008: Federal executive branch: $84,520 Local government: $56,160 State government: $52,560 The starting salary of junior accountants and auditors with the federal government was $28,862 in 2007.
52 
ThomsonReuters
JUNE 24, 2024
This ensures that all relevant property types, beyond just payroll, are accurately reported to minimize potential audit concerns. ” In a number of states, like California, Washington, and Wisconsin, the dormancy period is one year.
Going Concern
MAY 13, 2022
Junior KPMG auditor ‘should not lose his home’ for misleading regulator, says tribunal [ Financial Times ] A former junior KPMG auditor should not receive a fine so large it could force him to sell his matrimonial home, a tribunal has said. ” COVID-19 has negatively impacted how auditors work [ Phys.org ] Duh?
52 
Cherry Bekaert
JUNE 5, 2024
Non-compliance can result in significant fines, penalties, or other legal actions, and potentially, as has happened, required visits to Washington D.C. Define clear pathways in escalation decisioning for incident reporting to finance teams, legal teams, board oversight leaders, and potentially, external auditors. to meet with the SEC.
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