CPA Practice

APRIL 7, 2023

With an onslaught of economic disruptions and complexities on their plate, a CPA shortage proves especially burdensome for middle market companies. Technology investments, including automation, can provide the relief firms and their clients need to weather pressing challenges and ensure ongoing financial accuracy and compliance.

accounting firms 139

accounting firms CPA Technology accountant 139

CPA Practice

MARCH 7, 2023

The Uniform Certified Public Accountant Examination (CPA Exam) is regularly updated to reflect enhancements to accounting and auditing standards as well as tax laws and regulations — and to improve the efficiency of the exam. What are the 2024 CPA Exam changes? By Gail Cole. Here’s what you need to know.

Technology 137

Technology CPA cpas audit 137

CPA Practice

APRIL 3, 2023

With an onslaught of economic disruptions and complexities on their plate, a CPA shortage proves especially burdensome for middle market companies. Technology investments, including automation, can provide the relief firms and their clients need to weather pressing challenges and ensure ongoing financial accuracy and compliance.

accounting firms 135

accounting firms CPA Technology accountant 135

RogerRossmeisl

AUGUST 18, 2021

They’re uniquely qualified to review financial statements and business records and to interview employees to find evidence of misrepresentations and theft. The post How to Work with a Forensic Accountant appeared first on Roger Rossmeisl, CPA. In many cases, they’re able to help recover missing funds.

forensic accounting 196

forensic accounting accountant accounted Account 196

Going Concern

SEPTEMBER 20, 2023

note: This post brought to you by the Big Government Auditing lobby. Just kidding, it’s a guest post from Parker Skaats, CPA, an experienced government worker who’s here to pitch the joys of government work to the unwashed overworked masses. Enter the world of government auditing. Okay, let’s be real for a second.

Government 124

Government audit CPA auditor 124

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.

audit 124

audit auditor forensic accounting Technology 124

CPA Practice

JULY 9, 2023

the developer of the award-winning cloud-based audit automation platform, has announced aquired Advantage Audit from John Wiley & Sons, Inc. Advantage Audit is an audit planning aid and audit program series designed to help auditors comply with risk-based professional standards in a straightforward and efficient manner.

audit 111

audit auditor Technology financial statements 111

CPA Practice

SEPTEMBER 24, 2024

The AICPA is seeking to amend its standard related to financial statement preparation, which would clarify that a CPA wouldn’t be required to apply AR-C Section 70, Preparation of Financial Statements, when financial statements are prepared as a byproduct of a client advisory services (CAS) engagement.

financial statements 69

financial statements cpas CPA audit 69

CPA Practice

SEPTEMBER 5, 2024

Keeping up with sales tax changes can be difficult and, even if you’re careful, your business can be selected for a state audit. Just the thought of being selected for a sales tax audit can be intimidating.

audit 115

audit Sales Tax auditor 115

Withum

DECEMBER 19, 2023

As these companies gain traction and seek external investments, audited financial statements play a crucial role in instilling trust among stakeholders, investors, and potential partners. 10 Key Steps Here are the key steps startup e-commerce companies can take to prepare for their audited financial statements.

E-commerce 59

E-commerce financial statements audit auditor 59

MyIRSRelief

JULY 3, 2023

ERC IRS Audit Representation: Your Comprehensive FAQ Guide The Employee Retention Credit (ERC) has been a lifeline for many businesses during challenging times, providing substantial relief. However, with the IRS actively scrutinizing ERC claims, it’s crucial for businesses to understand their rights and options when facing an audit.

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RogerRossmeisl

MAY 5, 2023

Before a business goes on the market, a valuation pro can help address the following critical items: Financial statements. Audited financial statements offer prospective buyers greater assurance than reviews, The post Selling a Private Business?

financial statements 156

financial statements audit CPA Sales 156

Going Concern

JANUARY 8, 2024

Hey remember the Bloomberg story last March about how staff shortages at audit firms were causing municipal credit ratings to tank ? Refresher: Municipalities across the US are at risk of having their credit ratings downgraded or withdrawn by S&P Global Ratings because staffing shortages have delayed financial disclosure documents.

Wyoming 126

Wyoming audit Government Montana 126

CPA Practice

DECEMBER 6, 2024

Brian Tankersley, CPA, and Randy Johnston provide a recap of the 2024 CCH Connections user conference. Tankersley, CPA.CITP, CGMA 00:00 Welcome to the accounting Technology Lab, sponsored by CPA practice advisor, with your hosts, Randy Johnston and Brian Tankersley. And so, you know, thats why, for example, audit miners there.

Technology 98

Technology accountant accounted Account 98

CPA Practice

AUGUST 30, 2023

And it popped up at a session during the first day of the 2023 Unique CPA Conference, “Bridging the Gap,” in the Chicago suburb of Rosemont, IL, on Tuesday. Pretty much overwhelmingly they said it was because you have to have an accounting degree and a CPA, which isn’t true. You don’t have to be a CPA. It’s not glamorous.

cpa firm 105

cpa firm CPA cpas Maryland 105

CPA Practice

NOVEMBER 15, 2024

Our earlier example comes to mind: combing through heaps of financial statements to find the right pieces of information. AI can find the necessary pieces of data much faster and for much less “cost of delivering the service” than having hordes of accounting professionals reading over a year’s worth of financial records.

tax return 115

tax return audit accounting firms Tax 115

Shay CPA

AUGUST 23, 2023

” However, when it comes to financial statement audits, the timing isn’t quite as forgiving as planting trees. Understanding the dynamics of your financial health is crucial for early-stage tech companies. One such decision is when to conduct a financial statement audit.

financial statements 52

financial statements audit Technology accounting and finance 52

CPA Practice

SEPTEMBER 17, 2024

Accounting automation platform Trullion announced its Audit Suite, a cloud-based solution designed for auditors to leverage artificial intelligence to enhance accuracy and reduce human error in audits. Our Audit Suite is designed to meet these demands and put audit teams in the driver’s seat so they can see results fast.”

audit 102

audit auditor accounts payable financial statements 102

Going Concern

JULY 11, 2022

The UK watchdog last month issued a £5m fine for failures in its audit of the construction firms Galliford Try and Kier. PwC is also facing investigations by the UK’s Financial Reporting Council into outsourcer Babcock, wound-down Wyelands Bank, collapsed investment firm London Capital and Finance, and Eddie Stobart Logistics.

audit 105

audit accountant accounted Account 105

Going Concern

APRIL 12, 2024

The city’s audit committee, a monitoring body that tracks the findings and recommendations of Montreal’s auditor general, comptroller general and external auditors, makes the observation in its latest annual report. Firms also annually share information such as a list of their public-company audit clients and the addresses of their offices.

CPA 105

CPA auditor Tax accounting and finance 105

CPA Practice

MAY 2, 2023

There is a brand-new section that debuted today in PCAOB inspection reports of audit firms, and it is devoted to auditor independence. “We These enhancements will provide relevant information that investors have asked for and support improvements in overall audit quality.”

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audit auditor financial statements 111

CPA Practice

MAY 10, 2023

The head of the Public Company Accounting Oversight Board (PCAOB) said today that its inspectors found significant deficiencies in the audits of U.S.-listed In a statement, PCAOB Chair Erica Williams said: Both reports show unacceptable rates of Part I.A In August, China struck a deal allowing U.S. listed Chinese companies.

audit 111

audit auditor financial statements public accounting 111

xendoo

AUGUST 2, 2021

How much does a CPA cost in 2021? Do you really need a CPA as well as a bookkeeper? . Before you start hiring financial staff, you should consider the needs of your business. What Does a CPA Cost? How much does a CPA cost? How much does a CPA cost? The Difference Between a CPA and a Bookkeeper.

CPA 88

CPA forensic accounting bookkeeping tax preparation 88

CPA Practice

AUGUST 15, 2023

Shortly after criticizing audit firms for the number of errors they made on public company audits reviewed by PCAOB inspectors last year, the audit watchdog doled out sanctions to 12 accounting firms from July 28 to Aug. 11 for breaking various auditing rules. Snodgrass, Mancera S.C.,

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CPA Practice

FEBRUARY 23, 2024

Amid technological advancements, the audit professional’s role, characterized by a deep attention to detail, compliance and risk management, is proving to be vital well outside the traditional confines of finance. Auditors’ proficiency in validating data ensures the reliability and accuracy of financial information. By Nate Varel.

audit 114

audit auditor accounting and finance Technology 114

CPA Practice

AUGUST 28, 2024

AuditFile Advanced AI 2024 CPA Practice Advisor Innovation Award Finalist [link] The company that was first to bring audits into the cloud continues innovating by bringing AI into audits. The patent covers the application of artificial intelligence to financial statement audits.

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auditor audit financial statements CPA 105

CPA Practice

JUNE 24, 2024

I asked ChatGPT what forms it recommended for a CPA firm. Here is the answer I got (since ChatGPT is nondeterministic, you won’t get the exact same answer I got.): For a CPA (Certified Public Accountant) firm, creating and utilizing various forms and templates can significantly streamline practice management tasks.

accounting firms 124

accounting firms cpa firm accountant accounted 124

Going Concern

OCTOBER 17, 2024

ACCOUNTING CANDIDATES FTE Accounting / Bookkeeping | Candidate ID #18014117 Certifications: QBO ProAdvisor, Xero Certified Education: BA, MBA Accounting Experience (years): 9+ years accounting experience Work experience (detail): Currently a Senior Bookkeeper/Team Lead with a public firm 5+ years managing outsourced accounting for multiple clients (..)

Real Estate 64

Real Estate accountant accounted Account 64

Going Concern

OCTOBER 27, 2022

In its defence filed this month, EY said audits were designed to give “reasonable assurance” the accounts were not materially misstated but they do not guarantee this and do not absolve company directors of “primary responsibility for the accuracy of those financial statements”. “Whose statements are these?”

audit 105

audit auditor Legal Transportation 105

CPA Practice

AUGUST 8, 2023

Champions of audit quality will not be happy with this news from the Public Company Accounting Oversight Board (PCAOB). A staff report released by the audit regulator late last month shows a year-over-year increase in the number of audits with deficiencies at audit firms that the PCAOB inspected in 2022. In Part I.B

audit 98

audit accounting firms accountant accounted 98

CPA Practice

NOVEMBER 1, 2024

Hosts Brian Tankersley, CPA, and Randy Johnston review Syft Analytics , which lets professionals generate everything from reports through integrated forecasts and consolidations, to make better business decisions with their financial data. And, you know, as it turns out, the financial statements are, you know, pretty straightforward.

Technology 111

Technology accountant accounted Account 111

Going Concern

NOVEMBER 27, 2024

With our Always-On Recruiting service, you can access a pool of top remote accounting candidates without any upfront costs. Sign up now to view the complete candidate list and connect with potential hires. Sign up now to find your next hire.

Real Estate 52

Real Estate accountant accounted Account 52

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 accountant 105

Going Concern

JANUARY 17, 2025

TAX CANDIDATES FTE Tax | Candidate ID #23772188 Certifications: CPA in process, EA Education: BBA Accounting and Finance Experience (years): 8+ years experience in tax accounting. Sign up now to find your next hire. Drop your information here , and we’ll reach out to schedule a call to discuss how Accountingfly can work for you.

Real Estate 52

Real Estate accountant accounted Account 52

CPA Practice

NOVEMBER 13, 2024

The Public Company Accounting Oversight Board (PCAOB) introduced on Wednesday a new series of staff guidance, “Audit Focus,” that is intended to provide easy-to-digest information to auditors, especially those who audit smaller public companies, with critical audit matters (CAMs) as the first topic.

auditor 81

auditor audit financial statements Account 81

Withum

FEBRUARY 23, 2022

The AICPA Statement on Auditing Standards (SAS) No. The Standard was originally effective for audits of employee benefit plan (EBP) financial statements subject to the ERISA for periods ending on or after December 15, 2020, but was delayed one year to December 15, 2021 due to the COVID-19 pandemic.

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audit auditor financial statements public accounting 84

CPA Practice

AUGUST 28, 2024

CPA Practice Advisor has announced the 2024 Tax and Technology Innovation Award winners and finalists. The publication and online technology resource was founded in 1991 as The CPA Software News , and has evolved technologically along with the profession. Award winners and finalists are presented alphabetically.

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Technology accounting firms accountant accounted 124