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

Cherry Bekaert

AUGUST 31, 2023

Contributors: Jack McKee, Manager, Government & Public Sector With staffing challenges and exceedingly more complex Government Accounting Standards Board (GASB) requirements , many government and public sector organizations are finding it difficult to focus on their core mission and deliver results for constituents.

Government 98

Government Account accountant accounted 98

Going Concern

JANUARY 6, 2023

Fat Joe’s favorite audit firm once again had a spectacularly horrible PCAOB inspection report. In the 2021 inspection of BDO USA, LLP, the PCAOB assessed the firm’s compliance with laws, rules, and professional standards applicable to the audits of public companies. For each issuer audit selected, we reviewed a portion of the audit.

audit 98

audit Real Estate financial statements auditor 98

Going Concern

NOVEMBER 6, 2023

The tax and audit practice, through affiliate BSR & Co, will be excluded from the merged entity and could be made into a separate entity, though that is still under discussion, the people said requesting anonymity. In 2018, Veritas Capital, which invests in businesses at the intersection of government and technology, acquired the U.S.

audit 110

audit Account accountant accounted 110

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”.

audit 105

audit auditor Legal Transportation 105

Going Concern

MARCH 8, 2024

Audit SEC Settlement Against Auditing Firm Serves as Reminder of Important Independence Rules [ JD Supra ] On February 29, the Securities and Exchange Commission (the SEC) announced that it settled an administrative proceeding against Lordstown Motors Corps’ former auditor, Clark Schaefer Hackett and Co.

audit 100

audit auditor New York Legal 100

Going Concern

SEPTEMBER 22, 2023

economy, including employment, labor income, and tax contributions to federal, state, and local governments. The 2023 Forum on Auditing in the Small Business Environment and on Auditing Broker-Dealers is set for Oct. The 2023 Forum on Auditing in the Small Business Environment and on Auditing Broker-Dealers is set for Oct.

audit 109

audit accounting and finance Virginia auditor 109

Going Concern

JANUARY 9, 2025

Training Hours for Audit Personnel. Experience of Audit Personnel. Average years of career experience of senior professionals in key industries audited by the firm at the firm level and the audited companys primary industry at the engagement level. Retention of Audit Personnel (firm-level only). across the firm.

audit 124

audit auditor Education accounting firms 124

Going Concern

MARCH 17, 2023

creating general ledgers, organizing financial statements, and handling pricing and invoicing. The rival operatives, who spoke on condition of anonymity, say the leaks scandal gave the Greens and the Labor government an excuse to scrutinise their public sector work yet again. The firm was fined about 212 million yuan ($30.8

Government 97

Government Gambling audit CPA 97

ThomsonReuters

MAY 16, 2024

The Public Company Accounting Oversight Board (PCAOB) has recently adopted a significant new auditing standard, AS 1000, titled “ General Responsibilities of the Auditor in Conducting an Audit.” These improvements aim to ensure the fairness of financial statements and boost stakeholder confidence.

auditor 98

auditor audit financial statements Government 98

CPA Practice

AUGUST 16, 2024

Ensure accurate tax returns, shortening the IRS audit process. Privately held applicants will be required to submit audited financial statements prepared in accordance with U.S. Not be under investigation by, or in litigation with, any government agency that would limit the IRS’s access to current tax records.

Tax 105

Tax accounting principles tax return financial statements 105

Going Concern

JULY 17, 2024

In the King’s Speech today, King Charles says (timestamped below) “bills will be brought forward to strengthen audit and corporate governance” in the UK. What this means is that the Financial Reporting Council (FRC) will be replaced with the Audit, Reporting and Governance Authority (ARGA).

audit 64

audit auditor institute of chartered accountants Government 64

Withum

MARCH 7, 2022

SBA Clarifies Audit Requirements for Shuttered Venue Operators Grants. This additional information further clarifies the audit requirements for SVOG recipients. This additional information further clarifies the audit requirements for SVOG recipients. General Audit Items. SVOG Post-Application Guidance.

audit 64

audit Non-Profits Entertainment financial statements 64

Going Concern

NOVEMBER 11, 2022

Audit Fees Rise Only 2.5%, But Audits Require Greater Effort [ CFO ]. and 2.3%, respectively, in 2021, according to the Financial Education & Research Foundation’s Public Company Audit Fee Study. About half of the financial executives surveyed said 2021 audits required greater effort to support than those in 2020.

audit 98

audit auditor Louisiana cpas 98

CPA Practice

NOVEMBER 11, 2024

We have concluded that we’ll rebuild our accounting tool recommendations to include more AI-based financial reporting like Digits , data extraction like MakersHub.ai , and KPI advisory products like 4ImpactData , Aider.ai , or SOBI Analytics. AuditBoard : Offers robust risk management and audit automation features.

accounting firms 111

accounting firms Technology Account accountant 111

TaxConnex

JULY 6, 2023

Government Accountability Office’s “Remote Sales Tax: Federal Legislation Could Resolve Some Uncertainties and Improve Overall System,” issued late last year. One way that jurisdictions can discover your company’s nexus is through audit – and not just an audit of you.

auditor 130

auditor audit Sales Tax 130

Going Concern

JANUARY 3, 2025

The new platform of roughly 12,000 professionals will include a united Trans-Atlantic advisory and tax practice, as well as independent audit practices. But in recent months, local governments have been waiting longer and paying more for required financial statements. Audit firms face a unique set of challenges.

auditor 98

auditor audit Rhode Island cpa firm 98

Withum

JULY 28, 2022

Over the past few months, the SBA has provided several audit-specific webinars for entities that have received an SVOG grant. The audit requirement is different for non-profit entities (referred to as non-Federal entities within 2 CFR 200) and for-profit entities. General Audit Items. Non-profit Entities.

audit 64

audit Non-Profits Entertainment financial statements 64

Cherry Bekaert

JANUARY 24, 2024

One of the challenges with the prior period adjustment guidance in GASB 62 was that financial statement preparers were unsure how to apply the guidance in certain situations, which led to a lack of consistency across governments. GASB Statement No. This may deter governments from ever demoting funds to non-major.

accounting principles 99

accounting principles Account accountant accounted 99

Withum

JULY 12, 2023

Whatever the case may be, you may need an audit of your financial statements. If you have been tasked to communicate with the auditors, you are aware of the many emails, phone calls, and documents that flow back and forth from the beginning to the end of the audit. Who are those charged with governance?

audit 52

audit auditor Real Estate financial statements 52

Cherry Bekaert

APRIL 16, 2024

The Governmental Accounting Standards Board (GASB) recently issued Statement No. 102, which adds new disclosure requirements for governments. Numerous risks loom over state and local governments, which could impair their service delivery or hinder their capacity to fulfill obligations in a timely manner.

Government 96

Government accounting standards financial statements audit 96

Cherry Bekaert

FEBRUARY 23, 2024

The Governmental Accounting Standards Board (GASB) recently issued Statement No. 101, Compensated Absences, to update the recognition, measurement and disclosure requirements for compensated absences in state and local governments.

accounting standards 93

accounting standards Government financial statements audit 93

ThomsonReuters

JUNE 6, 2024

Jump to: What is audit planning? What is included in an audit plan? 7 steps to develop an audit plan How long does audit planning take? Executing the audit plan Audit planning is the bedrock of a successful audit. Audit planning, however, is not a simple, check-off-the-box process.

audit 52

audit auditor financial statements Technology 52

ThomsonReuters

MARCH 20, 2024

When it comes to Single Audits of local governments, nonprofits, school districts, and HUD engagements, auditors must navigate through a complex set of rules that are constantly changing. These challenges compound quickly as the volume of audits increases. However, there is an answer: audit automation.

audit 52

audit auditor cpas financial statements 52

Acterys

SEPTEMBER 25, 2024

Validate your governance policies, too. Create Compelling Presentations with Smart Data Visualizations BP&F outputs should be accessible to people across all departments, not just those with a deep financial background. Maintain a Clear Audit Trail A clear audit trail is essential when building on integration and visualizations.

audit 130

audit accounting and finance auditor Technology 130

CPA Practice

DECEMBER 6, 2024

Staff report The Public Company Accounting Oversight Board (PCAOB) recently approved a set ofnew requirements regarding public reporting of standardized firm and engagement metrics, as well as a separate but complementary set ofamendments regarding the PCAOB framework for collecting information from audit firms.

audit 52

audit financial statements public accounting Government 52

SMBAccountant

MAY 17, 2024

Navigating the complexities of financial management is crucial to the success of any business. Establishing a core understanding of key accounting principles not only instills confidence but also ensures compliance with accounting and government regulations. Audit preparation and compliance require organized documents.

accounting software 130

accounting software Legal tax return financial statements 130

Going Concern

AUGUST 29, 2024

ACCOUNTING CANDIDATES FTE Accounting | Candidate ID #22164759 Certifications: CPA in process Education: BA and MA Accounting Experience (years): 20 years business experience Work experience (detail): 6+ in public accounting Provides accounting services for multiple clients Payroll processing and tax filing Prepares Federal filings for SMBs, S-Corps (..)

Real Estate 105

Real Estate Account accountant accounted 105

CPA Practice

NOVEMBER 7, 2024

Proposal 2025 Firm and Engagement Metrics Enhance information provided to investors, audit committees, and other stakeholders at both the firm and engagement level. Adoption 2025 Inventory Consider updates to AS 2510, Auditing Inventories , in connection with the Interim Standards project to reflect changes in the auditing environment.

auditor 104

auditor audit financial statements Government 104

Anders CPA

JANUARY 8, 2024

Jeanne Dee, CPA/CGMA, audit and assurance partner at Anders CPAs + Advisors (Anders), has been appointed to the Financial Accounting Standards Board (FASB) Not-for-Profit Advisory Committee (NAC) effective January 1, 2024. She previously served as an Auditing Standards Board Member and a Member of the Board of Examiners for the AICPA.

Missouri 98

Missouri audit accounting principles public accounting 98

ThomsonReuters

JUNE 28, 2023

When you look at ESG through the lens of a tax and accounting firm, reporting on environmental, social, and governance factors is enabled by data. This includes ESG audit support that verifies the effectiveness of controls, as well as activities that identify gaps, assess risks, and develop a recommended plan of action.

Tax 98

Tax auditor audit Technology 98

CPA Practice

SEPTEMBER 12, 2024

The Government Accountability Office reported that confirmed government fraud totaled $4.5 Government employees want to spend more time on front-end prevention as part of their job, but nearly half reported that their biggest challenge to achieving this goal is high work volume. Audits are not designed to catch fraud, per se.

forensic accounting 125

forensic accounting Account accountant accounted 125

CPA Practice

FEBRUARY 17, 2023

Thomson Reuters has announced the release of Checkpoint Engage Single Audit, the only web-based application that automates the entire single audit process. accounting firms perform approximately 40,000 single audits for clients who receive federal grants. To learn more, visit Checkpoint Engage Single Audit.

auditor 52

auditor audit accounting firms financial statements 52

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.”

auditor 98

auditor Account accountant accounted 98

Going Concern

JULY 26, 2024

He told an undercover reporter at the exclusive event in the City of London that the government would not legislate to close the schemes down as ministers have “bigger fish to fry”. He remains active in business as a member of the Board of Directors and the Audit Committee Chair for The Reserve Petroleum Company.

Oklahoma 105

Oklahoma audit South Dakota accounting firms 105

MyIRSRelief

OCTOBER 3, 2022

They contribute to resources such as our government, educational systems, law enforcement, libraries, and others. Some taxpayers may experience trouble with the IRS if they have unpaid back taxes, unfiled tax returns, tax debt, or IRS/state tax audits. Los Angeles IRS & State Tax Audit Representation Service.

tax services 147

tax services California Tax tax preparation 147

CPA Practice

NOVEMBER 25, 2024

The primary objective of the exposure draft, Subsequent Events , is to re-examine the existing requirements in Statement No. As a result, the project is designed to improve consistency in application of GASB literature, which should better meet the information needs of financial statement users, the GASB said.

accounting principles 108

accounting principles financial statements accounting standards audit 108