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 15, 2023

The Public Company Accounting Oversight Board (PCAOB) has not been in a jovial mood lately. 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.

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audit auditor accounting firms cpas 98

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 ? Said the Sheridan Press today : The city of Sheridan and Sheridan County’s FY2023 audits will come in after the state-mandated deadline. The late audit was due on the 31st of December.

Wyoming 126

Wyoming audit Government Montana 126

Cherry Bekaert

MAY 9, 2024

For many architecture and engineering (A&E) firms, overhead rate audits are a critical aspect of financial management since they can be a great way for firms to recoup incurred costs necessary to run their business from the government. Q: What is an overhead rate audit? Q: What are the benefits of an overhead rate audit?

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audit auditor Transportation Government 115

Going Concern

DECEMBER 16, 2022

The 2021/22 payments include $14 million from an Industry department contract the Audit Office has found to have been “tailored” to company, and massive deals with the country’s cyber spy agency and Defence. Quiz: Test your remote audit knowledge [ Journal of Accountancy ]. Audits could solve crypto’s transparency problem.

public accounting 98

public accounting accountant Account accounted 98

ThomsonReuters

JULY 29, 2024

Today’s audit professionals face a variety of headwinds. Rapid regulatory change and tight competition for talent is demanding more and more accounting and audit firms adopt advanced technology to gain a competitive edge. From a workflow perspective, many auditors feel as though they are over- or under-auditing.

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audit auditor financial statements Technology 52

CPA Practice

DECEMBER 2, 2023

an award-winning provider of cloud-based audit solutions, has added three new modules to its flagship product, Advantage Audit AI. Advantage Audit AI leverages a patented artificial intelligence engine to optimize and automate the auditing process. For more information, visit [link]. AuditFile, Inc.,

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audit Technology auditor cpas 69

CPA Practice

APRIL 15, 2024

TaxDome , a provider of integrated software solutions for tax professionals and accountants, has completed a System and Organization Controls (SOC) 2 Type I attestation for Security. This achievement underscores their unwavering commitment to maintaining the highest levels of data security and safeguarding client information.

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audit cpas bookkeeping public accounting 52

CPA Practice

APRIL 10, 2024

The Public Company Accounting Oversight Board (PCAOB) issued a pair of proposals on April 9, one of which would require audit firms to publicly disclose several metrics —including the involvement of partners and managers on an audit, auditor workload, and auditor turnover—on a new form that would be accessible to investors.

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audit auditor public accounting accounting firms 52

CPA Practice

JUNE 10, 2024

The Public Company Accounting Oversight Board (PCAOB) doled out $150,000 worth of total fines to a Plantation, FL-based CPA firm on June 10 for violations related to quality control, auditing failures, and missing Form AP deadlines. L&L also failed to timely file Form APs for two audits.

audit 52

audit cpas Florida auditor 52

CPA Practice

OCTOBER 18, 2024

The Florida Institute of Certified Public Accountants (FICPA) recently announcedJim Gurowka, CAE, as its new Chief Growth Officer (CGO), effective Sept. Gurowka comes to the FICPA after a 19-year tenure as Senior Vice President of the Institute Management Accountants (IMA). She holds a B.S.

CPA 110

CPA Non-Profits cpas Washington 110

Going Concern

OCTOBER 2, 2023

Here’s what happened: Ontario public accounting licensing body CPA Ontario reached an out-of-court settlement with Marcum LLP resolving allegations of multiple instances of US Marcum partners performing work in Ontario — including issuer audits — without said partners being licensed to practice in the province.

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public accounting audit CPA financial statements 116

ThomsonReuters

MAY 16, 2024

In the ever-evolving landscape of auditing and accounting, the Public Company Accounting Oversight Board (PCAOB) has taken a significant step forward with the adoption of a new quality control standard, QC 1000. What are the core objectives of QC 1000?

audit 52

audit public accounting Account accounted 52

Withum

JANUARY 30, 2024

In November 2023, the US Department of Labor (DOL) released its Audit Quality Study, which found that a “significant number of employee benefit plan audits were deficient.” The study also revealed a correlation between the number of employee benefit plan audits performed by a CPA firm and the quality of the audit work.

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audit cpa firm CPA public accounting 52

CPA Practice

NOVEMBER 11, 2024

Reducing audit risks and penalties: Discover how automation ensures accuracy, minimizes late fees, and streamlines notice management. Enhancing client service: Improve accuracy, reduce risks, and offer audit protection to your clients. Gail is a member of the AICPA’s PFS Credential Committee.

Tax 113

Tax Indiana Technology CPA 113

Withum

JUNE 7, 2022

Withum, a top 25 public accounting and advisory firm, welcomes experienced cybersecurity professional, Ed Keck , as a Partner and Market Leader of the Firm’s Cyber and Information Security Practice. Withum is an independent member of HLB, the global advisory and accounting network. Matthew Ferrante , Partner, Withum.

public accounting 98

public accounting Hospitality Healthcare Washington 98

Going Concern

SEPTEMBER 22, 2023

As leader of the Division of Finance, Miller oversees the university’s accounting and financial reporting, procurement and surplus property, budget and financial planning, capital budgeting, financial management, debt and cash management, financial information technology, risk management, and university bursar functions.

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audit accounting and finance Virginia auditor 109

CPA Practice

OCTOBER 17, 2024

State and local governments are being squeezed by a shortage of accounting professionals, making it difficult at times to find staff CPAs who can prepare critical financial information or outside firms to conduct audits. But accountants who do government work face unique challenges that require more specialized solutions.

cpas 119

cpas Government auditor accountant 119

Going Concern

OCTOBER 18, 2024

Some complaints that were not entered into a case management system were found by Division of Human Rights officials “in a filing cabinet labeled the ‘Twilight Zone,’ where some cases labeled ‘defective’ were filed, meaning they required more information and were not being investigated further,” the comptroller’s office said.

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audit auditor New York accounting firms 104

Going Concern

MARCH 11, 2024

We’ll be doing an article shortly, in the meantime here are some quotes from INSIDE Public Accounting : Bob Cedergren, MNCPA board chair added, “I can tell you from my own experience, through conversations with colleagues throughout the country and the members of the MNCPA, that we have a significant shortage of CPAs.

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audit Minnesota accountant Account 64

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. The buildings you own may be commercial, residential, or both.

audit 52

audit auditor Real Estate financial statements 52

Going Concern

MAY 28, 2024

The local news in Cincinnati covered this strategic move : One of Greater Cincinnati’s largest accounting firms is being acquired by an Indianapolis company. Blue Ash-based tax, advisory and audit firm Cassady Schiller CPAs & Advisors will become part of Katz, Sapper & Miller in a transaction that will be completed May 31.

audit 69

audit Hospitality accountant Account 69

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. The AICPA’s response was SAS 136.

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audit auditor financial statements public accounting 84

Withum

DECEMBER 12, 2023

Now, regulations, investors and other stakeholders want companies to prove their ESG and climate information is accurate and reliable through audits and assurance. This experience puts them at the top of most companies’ list when considering a firm to perform the third-party audit of their ESG and climate reporting.

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audit cpas accountant Account 59

Going Concern

AUGUST 29, 2024

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Real Estate 105

Real Estate accountant Account accounted 105

Going Concern

AUGUST 2, 2024

While we have you, if you’re in the market for accounting talent you should sign up for Always-On Recruiting from Accountingfly. Get great candidates in tax, audit, and accounting in your inbox every week with no obligation to hire. It’s free!

audit 59

audit CPA auditor cpas 59

Cherry Bekaert

JUNE 8, 2023

Internal audits are critical to a company’s organizational processes and are typically a mandatory annual requirement. These audits serve to independently review the internal processes and controls within a company. For most large companies, having an in-house internal audit team can sometimes be the most cost-effective option.

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audit auditor accounting firms public accounting 52

CPA Practice

APRIL 4, 2023

AuditDashboard , a client collaboration platform for accounting professionals and their clients, has completed its 7 th SOC 2 Type 2 audit for the period of review from February 2022 to January 2023, as it continues expanding its global reach and offering for enterprise customers.

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audit public accounting Account accounted 40

Going Concern

SEPTEMBER 19, 2024

TAX AND ACCOUNTING CANDIDATES FTE Tax and Accounting | Candidate ID #15191471 Certifications: EA in progress Education: BA Accounting Experience (years): 7+ years tax and accounting experience in public accounting Work experience (detail): Leads a team of 5+ tax professionals Preparation and review of more complex tax returns Client account leadership (..)

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accountant Account accounted Construction 105

CPA Practice

OCTOBER 31, 2023

Usage of the Dynamic Audit Solution continues to grow at a strong pace, with firms having created over 1,000 engagements on the fully integrated, cloud-based solution from the AICPA, CPA.com and Caseware since it launched commercially this past summer. We’re really excited about how that’s going to impact our audit practice.”

audit 40

audit auditor Technology financial statements 40

Going Concern

SEPTEMBER 12, 2024

TAX AND ACCOUNTING CANDIDATES FTE Tax and Accounting | Candidate ID #22480782 Certifications: CPA in process Education: BA Accounting, MS Accounting / Taxation Experience (years): 15+ years accounting experience Work experience (detail): 10+ in public accounting Prepares 300+ returns per season Full cycle accounting experience State and local tax filing (..)

Real Estate 59

Real Estate accountant Account accounted 59

CPA Practice

AUGUST 26, 2024

Forvis Mazars, LLP, ranked among the largest public accounting and consulting firms in the United States, is expanding its Public Sector Advisory Services practice by launching a new line of Government Outsourced Accounting Services (GOAS) for clients. For more information, visit forvismazars.us.

Government 109

Government accounting and finance accountant Account 109

Going Concern

APRIL 15, 2024

In response, the Public Company Accounting Oversight Board has drafted a rule that the accounting firms can have public trust or private financials—but they can’t have both. Public accounting firms operate in a unique space in our society. Regulations need to change to match. Right now, they don’t.

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audit accountant Account accounted 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.

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audit auditor Louisiana cpas 98

Going Concern

MAY 12, 2022

After doing a quick Google search, it looks like the PCAOB hasn’t punished a public accounting firm for failures in its audits of brokers and dealers since 2016. And three Citrin Cooperman partners were fined a total of $55,000 for their roles in the firm’s subpar auditing.

audit 52

audit public accounting financial statements accounting firms 52

CPA Practice

JULY 16, 2024

The American Institute of CPAs and the National Association of State Boards of Accountancy have expanded international testing availability of the U.S. Passing the Uniform CPA Examination is a prerequisite to becoming a licensed Certified Public Accountant (CPA) in the United States. CPA Exam to the Republic of the Philippines.

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CPA cpas Education public accounting 122

CPA Practice

AUGUST 28, 2024

Origins of the Award In the latter 1990s, the connectivity of the newly adopted internet quickly started to transform how the accounting profession operated within firms and served clients. as they promise to dramatically improve client services, firm management, small business accounting and many other areas of operations.

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Technology accounting firms accountant Account 122