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.

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Going Concern

SEPTEMBER 25, 2023

Court records show that Urban is currently in custody in Florida, serving a prison sentence for defrauding a previous employer of more than $283,000, and using the embezzled money to pay for court-ordered restitution for a prior embezzlement. Therefore, there were no controls that could be evaluated.”

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Going Concern

APRIL 1, 2024

It’s Joy Merriner’s job as an independent auditor with the firm BDO to go through the city’s financial statements and make sure they are fair and accurate. For at least one program, the city is at risk of running out the clock on its fourth extension with the state to close out its 2022 books. Simply put, Deloitte should not be in this case.”

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Going Concern

FEBRUARY 9, 2024

Birthdays A CPA Firm Celebrates a Century in Business [ The CPA Journal ] In today’s climate of accounting firm mergers, it is worth recognizing when a CPA firm has managed to remain independent and partner-owned for 100 years. researchers surveyed financial executives (e.g.,

Technology 104

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PYMNTS

NOVEMBER 26, 2018

A new report suggested a surprising correlation between executives’ accounting expertise and the risk of those misstatements, and researchers said the findings could be key to auditors , financial regulators and corporate directors. In their “Do Auditors Recognize the Potential Dark Side of Executives’ Accounting Competence?”

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Going Concern

JULY 26, 2024

ICYMI These are the top stories on Going Concern this week You Can Sit for the CPA Exam in the Philippines Now Golf Fans Everywhere Now Think BDO Sells Dildos and Lube Just How Much Have Accounting Salaries Increased in the Last Five Years? Who Wants to See How Much Big 4 Revenue by Service Line Has Changed Since SOX?

Oklahoma 105

Oklahoma audit South Dakota accounting firms 105

Going Concern

JULY 1, 2022

Ernst & Young IPO Will Create a Lot of Sour Grapes [ Washington Post ] Big Four auditor Ernst & Young LLP’s potential IPO of its consulting activities could trigger stock windfalls of as much as $8 million each for the consulting partners, according to the Financial Times.

Tax 59

Tax accountant accounted Account 59

Going Concern

APRIL 3, 2023

EY fined, banned from some audits in Germany over Wirecard scandal from Reuters : Germany’s accounting watchdog on Monday handed the 2016-2018 auditor of Wirecard, named in the company’s annual reports as EY, a 500,000 euro fine ($541,650.00) and banned it from taking on new audits for companies of public interest for two years.

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auditor accountant accounted Account 52

Going Concern

AUGUST 19, 2024

Zimmerman, an associate professor at Florida State University, finished the fellowship in July. Smaller auditors did not have the same infrastructure to respond when inspectors found audit flaws, the researchers said. The city engaged the firm of David Clanin, a CPA based in Vinita, to perform the 2022-2023 audit for $12,000.

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audit accountant accounted Account 59

CPA Practice

APRIL 25, 2024

In 2023, several states including Maryland and Pennsylvania implemented new green fees; Ohio, Tennessee, and Florida deployed new sales tax exemptions or updated their existing exemptions; and Minnesota brought on new delivery fees. While these are not technically sales taxes per se, they pose similar challenges to indirect tax teams.

Sales 52

Sales Tax Minnesota Tennessee 52

Basis 365

AUGUST 21, 2024

Recently, the Florida Department of Law Enforcement (FDLE) arrested a Wauchula man for allegedly defrauding his employer, a school, of over $50,000. Financial Statement Audit: Most audits by CPA firms are initiated by a third party, likely a bank or government requirement. According to the complaint, ".Gray,

accounts payable 59

accounts payable audit Approval Workflows bookkeeping 59

Going Concern

NOVEMBER 8, 2024

“Our team will continue to grow as we strengthen our South Florida operations,” he added. .” “Our team will continue to grow as we strengthen our South Florida operations,” he added. They don’t even have time to sit for their CPA exam because they’re working so many hours.”

Florida 98

Florida Mississippi audit auditor 98

Going Concern

JULY 29, 2024

Here they talk about the changing face of accounting firms : While the profession is taking a concerted, multi-pronged approach to increasing the number of accounting graduates and prospective CPAs, IPA 100 firms have had to pivot due to the small pool of potential hires in the meantime. The percentage of non-CPA professionals was 50.3%

CPA 116

CPA accountant accounted Account 116

Anders CPA

DECEMBER 7, 2023

In this podcast episode from the Summit Virtual CFO by Anders Modern CPA Success Show , Tom Wadelton and guest co-host John Scott , Virtual CFO and legal industry leader, are joined by Terrell Turner , CEO of the TLTurner Group, to discuss the importance for non-finance professionals to understand financial metrics, specifically law firms.

Finance 52

Finance accounting and finance Start-ups Non-Profits 52

Going Concern

DECEMBER 8, 2023

Pipeline The AICPA and NASBA’s Inadequate Response to Reaching 150 Hours [ CPA Journal ] The 150-hour requirement is a considerable barrier for students wanting to become a CPA or considering accounting as a major, even if it is not the dominant barrier. hours), and quality of work performed as leading barriers.

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cpas accountant accounted Account 118

Going Concern

MAY 20, 2024

Illinois CPA Society has issued a new pipeline report: Re-Decoding the Decline. The findings provide invaluable insights the CPA profession and its stakeholders cannot ignore while trying to counter the persistent decline in the number of individuals pursuing the CPA credential. Can someone send us those slides ?

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Going Concern

OCTOBER 1, 2022

Rehmann, a Top 40 Firm based in Troy, Michigan, is continuing to expand its footprint in Florida by adding Vestal & Wiler, a firm based in Orlando, effective Nov. At trial, Vatican auditor says he was shocked by misuse of funds [ Catholic News Service ]. Rehmann merges in Vestal & Wiler [ Accounting Today ].

Non-Profits 98

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Going Concern

FEBRUARY 12, 2024

Someone you know spoke to NPR’s Marketplace for this story: Some accountants are turning away new customers this tax season Tax filing season is here and if you’ve been putting off finding a CPA, good luck. We get calls all the time saying, ‘Hey, my CPA just retired. And we don’t,” said Jenni Merrell, a CPA in Chico, California.

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auditor accountant accounted Account 72

Going Concern

JANUARY 29, 2024

NYSSCPA CEO Calvin Harris, CPA said in a column for CPA Journal : But the winds of change have long been upon us. This is part of why New York Governor Kathy Hochul’s recent signing of “non-CPA ownership” into law is such a big deal. More on the New York non-CPA ownership bill. Let’s read a little bit.

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cpa firm auditor accountant accounted 52

Going Concern

AUGUST 11, 2023

million) is merging in Hearthstone CPA Group of Bremerton, Wash. 10, 2023—the board has a lot of work to do before it can finalize a proposal aimed at strengthening its standard to require public company auditors to more proactively identify, evaluate and communicate instances of a company’s non-compliance with laws and regulations (NOCLAR).

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accountant accounted Account Tennessee 97

Going Concern

FEBRUARY 26, 2024

And I’m also feeling a lot of guilt in looking back… — Brenda Cannon, CPA (@bsuecannon) February 23, 2024 The Marines have achieved the seemingly impossible : The U.S. During this two-year audit, the Marine Corps had independent third-party auditors from Ernst and Young vet the value of all its assets listed on financial statements.

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audit Mississippi Non-Profits auditor 59

Going Concern

JULY 5, 2023

The Florida State Fire Marshal is investigating a suspicious fire at Orange Park CPA in the Jacksonville burbs. From CPA Journal: ICYMI | Independence Matters Auditor Independence is integral to the financial reporting system and trust in the capital markets. That’s only 3.2% More from FT.

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auditor Tax accountant accounted 52

Going Concern

OCTOBER 25, 2024

Firm Watch Whistleblower says big accounting firm hid evidence that a Saudi co-defendant helped finance 9/11 [ Florida Bulldog ] So this is…a lot. Big Four firm cuts jobs in Tampa in firm-wide layoffs [ Tampa Bay Business Journal ] This confirms what we were told about PwC delaying layoffs in Florida due to Hurricane Milton.

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Going Concern

JANUARY 31, 2025

Latest Goldstein Lieberman acquisition boosts CPA firm into nations top 1% [ NJBIZ ] Um that’s some iffy math there considering no one has heard of either of these firms and they don’t rank on the IPA 500. One of the regions largest CPA firms is getting bigger, following Goldstein Lieberman & Co.

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Going Concern

DECEMBER 9, 2022

Grant Thornton merges two Orlando offices as firm continues to grow in Florida [ Grant Thornton ]. A DYNAMIC office change for Grant Thornton’s CHOSEN MARKETS in Florida. Grant Thornton LLP will merge its two locations in Orlando, Florida. Firm Watch. BDO currently employs 500 people in Ireland.

CPA 98

CPA Florida auditor audit 98

Going Concern

NOVEMBER 22, 2024

audit regulator for the first time, among new requirements that have faced pushback from auditors but have received support from many investors The Public Company Accounting Oversight Board on Thursday voted 4-1 to bolster the rules around firms’ reporting annually and for special circumstances, such as a filed lawsuit or private-equity investment.

auditor 52

auditor audit accounting and finance financial statements 52

Going Concern

FEBRUARY 3, 2025

LLP , “a well-established accounting and advisory firm with deep roots in Georgia and Florida.” But it turned out that both financial documents were falsified and that the Ethos CEO had forged the signature of an auditor from a San Diego accounting firm to lend legitimacy to the asset statement. ” University of St.

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Going Concern

JANUARY 13, 2023

The Abradin association said it was denouncing Americanas for what it called a “multi-billion fraud,” while also asking regulator CVM to investigate the retailer’s auditor, PwC. Are midcareer CPAs happy in your firm? Florida ranked No. Shares in Americanas plummeted more than 75% on Thursday, wiping out 8.4

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audit accountant accounted Account 105

Going Concern

AUGUST 4, 2023

Practice How one small firm drastically cut its busy-season hours [ Journal of Accountancy podcast ] Johanna Sweaney Salt, CPA, CGMA, used to work 100 hours a week during busy season. Today, Johanna remains a full-time partner at the firm, and her son, Dalton Sweaney, CPA, is now the managing partner.

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cpa firm CPA accounting firms accounting and finance 98

Going Concern

FEBRUARY 7, 2025

AI Americans trust AI more than a CPA to do their taxes, according to new research [ Fortune ] Only 2 in 5 Americans are confident about their tax filing game, according to a new survey from Invoice Home. The accounting software company surveyed 2,000 U.S. adults, and is sharing their research exclusively with Fortune.

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cpas auditor audit Florida 59

Going Concern

AUGUST 23, 2024

The reduced roster and loss of roughly $215 million in fees could threaten EY’s status as the largest auditor of U.S. Colorado accounting regulators on Wednesday voted to refer the firm and its founder, Benjamin Borgers, to the state’s attorney general for CPA revocation, a spokesperson for the state’s Department of Regulatory Agencies said.

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