CPA Practice

SEPTEMBER 10, 2024

A new survey from the Center for Audit Quality (CAQ) reveals that 92% of investors say they rely on critical audit matters when making investment decisions, while 93% say that CAMs play an important role in their analysis of a potential investment.

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ThomsonReuters

MAY 2, 2023

In this second post, we’ll dig into ensuring audit quality. Specifically, we’ll look at the need for auditors to maintain professional skepticism and document their work thoroughly to improve audit effectiveness and efficiency. Again, this is an opportunity for firms to improve audit efficiencies and effectiveness.

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audit auditor financial statements Account 52

TaxConnex

APRIL 26, 2022

This amount, plus penalty and interest is what would be expected of you in the case of an audit. There’s no statute of limitations for unfiled returns, meaning that unpaid tax liabilities for non-filing years can be audited indefinitely. Repercussions of not complying. Penalties associated can start at 25% of tax liabilities.

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audit Sales Tax Start-ups 175

KROST

JANUARY 26, 2021

Paren Knadjian ( Practice Leader, M&A, and Capital Markets ), Stacey Korman, CPA ( Principal ), Sossi Bekarian, CPA ( Senior Manager ), and Jeff Kamin, CPA ( Manager, Accounting, ERTC ) hosted a second session on the PPP Second Draw Program & Employee Retention Credits webinar. Watch the webinar recording below. Accounting.

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Entertainment CPA Manufacturing accounting and finance 63

TaxConnex

OCTOBER 12, 2023

And it can be much easier to spot a sales tax problem with a public company because of the added scrutiny of public reporting and independent auditing. Step by step Due diligence will typically involve a trull review of the target company’s tax background, including all returns, audit history and accounting method. And avoidable.

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Nancy McClelland, LLC

MARCH 6, 2022

For anyone in the field or looking to get into it, I strongly recommend a membership , which gets you into all of these webinars below at no extra charge. This will include the audit perspective of this process, along with industry trends and common mistakes to avoid. The NSAC line-up for the next few months is seriously powerhouse.

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CPA Practice

AUGUST 28, 2024

Fieldguide Insights Fieldguide, the AI platform for audit and advisory firms, recently launched Fielguide Insights, the first end-to-end analytics solution for CPA and consulting firm leaders. 2024 Award Finalists AuditFile Advanced AI The company that was first to bring audits into the cloud continues innovating by bringing AI into audits.

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Technology accounting firms accountant Account 122

Withum

MAY 21, 2024

Tomorrow night my Auditing Concepts summer school course at Fairleigh Dickinson University starts. I also made this into a webinar that was presented to over 5,000 accountants in two presentations in April 2023 for CPAacademy.org.

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financial statements audit auditor public accounting 59

Going Concern

OCTOBER 31, 2022

The story is behind a paywall but Law.com says that during a recent Law.com webinar, EY global law leader Cornelius Grossmann said a new EY company, split from its audit business, would focus on largescale clients and projects that are multidisciplinary in nature, with legal services being a key—but not dominant—component.

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accountant Account accounted audit 105

Going Concern

DECEMBER 11, 2023

Mandatory audits don’t provide protection the entities mandated them think they do according to new research. In new research, Matthias Breuer, Anthony Le, and Felix Vetter find that when companies are required by the government to seek a third-party financial audit, they turn to lower quality auditors.

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auditor accountant Account accounted 105

Airbase

JULY 19, 2023

Acquiring dependable, readily accessible data becomes challenging due to the growing volume of financial transactions that are not being captured and recorded in real time. In our What I Wish I Knew webinar on system optimization, Reuben Cook of Squire talked about the development of siloed systems within a company.

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Legal audit Spend Management Finance 130

ThomsonReuters

APRIL 24, 2023

At the core of every audit is the identification and assessment of risks of material misstatement, which is critical given the potential impact on a company’s financial position. It is essential that auditors are aware of the upcoming changes and how to apply SAS 145 to ensure compliance and further improve overall audit quality.

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auditor audit financial statements Tax 59

ThomsonReuters

OCTOBER 31, 2023

While 51% of accounting professionals believe that ChatGPT and generative AI should be applied to tax, accounting, and audit work, opinions are divided about the usefulness of AI tools. Webinar Discover how generative AI is changing the accounting industry in a new webinar. Can AI do accounting?

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accounting jobs accounts jobs accountant jobs accountant 52

Going Concern

MAY 13, 2024

On June 4, Cherry Bekaert is holding a Employee Retention Credit updates webinar. We have further clarified that this responsibility provides the foundation for an objective and independent audit. She’s spent more than two decades at AT&T, steadily working her way up to the C-suite from a role as an accounting manager.

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Oregon accountant Account accounted 96

Going Concern

FEBRUARY 9, 2024

IRS warns tax professionals to be aware of EFIN scam email; special webinars offered next week [ IRS ] The IRS warned that scammers are posing as tax software providers and requesting EFIN documents from tax professionals under the guise of a required verification to transmit tax returns. researchers surveyed financial executives (e.g.,

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Technology Colorado audit cpa firm 104

Cherry Bekaert

JUNE 25, 2024

Common Pain Points When Implementing CAS CAS Audits CAS Benefits What Are Cost Accounting Standards? These standards are designed to ensure that financial statements are consistent, transparent and comparable. What Are the Implications of Non-Compliance with CAS? When Should Contractors Start Preparing?

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accounting standards cost accounting Government accountant 52

CPA Practice

SEPTEMBER 26, 2023

By using generative AI, routine accounting tasks such as data entry, account reconciliations, and financial statement preparation can be further automated. Teams can finalize numbers in specific account areas and perform proactive variance analysis each period rather than reactive analysis during the audit.

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Entertainment accounting and finance audit Technology 40

CPA Practice

SEPTEMBER 14, 2023

By using generative AI, routine accounting tasks such as data entry, account reconciliations, and financial statement preparation can be further automated. Teams can finalize numbers in specific account areas and perform proactive variance analysis each period rather than reactive analysis during the audit.

Entertainment 40

Entertainment accounting and finance audit Technology 40

ThomsonReuters

MARCH 19, 2024

Document generation and summarization: Generative AI models have the potential to automatically generate financial reports, invoices, or other accounting documents. They could also assist in summarizing lengthy financial statements or reports for quick insights.

Tax 52

Tax Technology Education auditor 52

ThomsonReuters

MAY 6, 2021

Being prepared to advise clients and representing them in crypto audits will be a high-demand skill set. The IRS has trained and armed its staff with blockchain analysis and analytics tools to support audits. This is where Ledgible’s roots in Financial Statement audits of blockchain companies is invaluable.

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ThomsonReuters

MAY 12, 2023

CPA firms have already begun leveraging automation and AI technology in various areas such as tax software, audit procedures, customer service, risk management, and predictive analytics. Investing in their teams by providing them with the necessary training or tools can help CPA firms stay ahead of current trends while also keeping costs low.

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cpa firm CPA Technology cpas 52

Withum

DECEMBER 7, 2023

Join this on-demand webinar where Withum’s Professional Sports experts and Rocco Scarfone dive into the complex challenges associated with athletes and taxes. Compliance and record-keeping best practices (ie, preparing for a financial statement audit). setting up proper tax structure.

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tax planning Sports Tax New York 98

Ryan Lazanis

JUNE 8, 2023

In this screenshot from Future Firm Accelerate, a member seeks recommendations for improving skills in interpreting financial statements and communicating with clients in a non-accounting language. Members often seek advice and share their experiences on accounting principles, taxation, financial reporting, bookkeeping, and auditing.

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