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What IRS Auditors Know About Your Business Industry

RogerRossmeisl

In other words, your business can use the same guides to gain insight into what IRS auditors know, and what the IRS is looking for in terms of compliance with tax laws and regulations. The post What IRS Auditors Know About Your Business Industry appeared first on Roger Rossmeisl, CPA. Unique issues IRS.

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How IRS Auditors Learn About Your Business Industry

RogerRossmeisl

Many ATGs target specific industries, such as construction, aerospace, art galleries, architecture and veterinary medicine. Issues unique to certain taxpayers IRS auditors need to examine. The post How IRS Auditors Learn About Your Business Industry appeared first on Roger Rossmeisl, CPA.

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Carillion Liquidators Roast KPMG: “A Competent Auditor Would Have Detected the Misstatements”

Going Concern

Qualified opinions indicate that auditors have found issues in a company’s financials. Carillion’s liquidators in court filings Friday said that KPMG has yet to address claims that it failed to properly audit the accounting of 20 construction contracts. The allegations are without merit, a KPMG spokesman said in a statement to WSJ.

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Palette Unveils AP Automation Software For Construction Firms

PYMNTS

Palette Software unveiled accounts payable (AP) automation technology that is designed for firms in the construction and engineering industries and run on the cloud, according to an announcement. Administrators can also provide some access to the search system to auditors.

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Top Remote Accountants of the Week | October 17, 2024

Going Concern

Are you having trouble finding remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can assist you! With our Always-On Recruiting service, you can access a pool of top remote accounting candidates without any upfront costs.

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What’s new in sales tax?

TaxConnex

Auditors slapped Amazon with some $12.5 Virginia’s Senate has approved a proposal that would allow all the state’s localities to impose a local sales tax hike of up to 1%, with the revenue used only for the construction or renovation of schools once the tax is approved in a voters.

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Research: Seniors Give Better Review Comments If They Think the Staff Will Stick Around

Going Concern

Fresh academic research has found that audit seniors are more likely to offer better constructive feedback and coaching to their juniors via review comments if the seniors think they’ll be working with that staff again. The paper “ Coaching Today’s Auditors: What Causes Reviewers to Adopt a More Developmental Approach?

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