CPA Practice

JANUARY 17, 2023

Rather than being constrained towards a single country, accounting credentials such as Certified Public Accountant (CPA), Enrolled Agent (EA) and Certified Management Accounting (CMA) are quickly turning into global designations. . The development of technology is hastening the transformation of the accounting sector.

cma 126

cma CPA accounting and finance public accounting 126

Going Concern

JULY 25, 2024

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

Real Estate 105

Real Estate accountant Account accounted 105

Withum

SEPTEMBER 8, 2022

Tonight I will conduct my second Auditing class session of this semester at Fairleigh Dickinson University, and I will be teaching what the auditor’s opinion means and what auditors do to arrive at their opinion. By way of illustration, you can pick any Company’s annual report and follow along with its Auditor’s Report.

accounting principles 119

accounting principles auditor financial statements audit 119

Acterys

JANUARY 24, 2023

SOC 2, established by the American Institute of Certified Public Accountants (AICPA), is a set of standards designed to ensure that service providers have implemented appropriate controls to protect their customers’ data and meet industry standards for security, availability, processing integrity, confidentiality, and privacy.

auditor 26

auditor audit Technology B2B 26

Cherry Bekaert

MAY 9, 2024

A: An independent third-party auditor typically conducts an overhead rate audit. The auditor should be a qualified accounting professional who is experienced in auditing overhead rates and familiar with the intricacies of A&E accounting. Q: Who conducts an overhead rate audit?

audit 115

audit auditor Transportation Government 115

Going Concern

SEPTEMBER 29, 2023

Let’s say they’re in public accounting, and they get assigned to an engagement with a manager or client they don’t particularly like,” asked Maginnis. “Or But too often, young CPAs flee public accounting for what they believe are the greener pastures of industry and miss out on that learning and development.

accounting careers 128

accounting careers accountant Account accounted 128

Going Concern

MARCH 3, 2022

And it’s always the auditors doing the cheating. After working 12-plus hours a day, the last thing these people want to do is watch some annoying training video on their laptop about cybersecurity, auditor independence, ethics, and/or sexual harassment—and then have to answer questions about what they just watched.

auditor 109

auditor audit public accounting Education 109

Going Concern

SEPTEMBER 12, 2023

.” From today’s news release : The Securities and Exchange Commission today charged Alfonse Gregory Giugliano, CPA, the former National Assurance Services Leader at Marcum LLP, a public accounting firm, with failing to sufficiently address and remediate numerous deficiencies in Marcum’s quality control system.

audit 116

audit public accounting auditor Management Consulting 116

CPA Practice

JULY 17, 2024

TNS) Where have all the accountants gone? Between 1990 and 2021, the number of people sitting for the Certified Public Accountant exam plunged by almost 50 percent , according to the Association of International Certified Professional Accountants. client base for the small business accounting software platform Xero.

accountant 124

accountant Account accounted Technology 124

Going Concern

FEBRUARY 17, 2023

A bill for an act relating to certified public accountants; amending standards for required education and experience; amending Minnesota Statutes 2022, section 326A.03, Acceptable experience may be gained through employment in government, industry, academia, or public practice. 03, subdivisions 3a, 6. EFFECTIVE DATE.

Minnesota 119

Minnesota CPA Education cpas 119

Going Concern

OCTOBER 20, 2023

PKF Mueller Joins Cherry Bekaert to Expand Chicago Market Reach [ PR Newswire ] Cherry Bekaert is pleased to announce the completion of an acquisition transaction with PKF Mueller, a full-service certified public accounting and business advisory firm located in the metropolitan Chicago area.

CPA 111

CPA quickbooks Real Estate auditor 111

CPA Practice

SEPTEMBER 17, 2024

During its inspections of public accounting firms’ audits of issuers from 2021 to 2023, the Public Company Accounting Oversight Board (PCAOB) saw a year-over-year increase in the number of comment forms related to auditor independence problems, the audit regulator said in a staff report released on Sept.

auditor 52

auditor audit Technology accounting firms 52

Going Concern

SEPTEMBER 25, 2023

In the indictment that was unsealed on Tuesday, prosecutors allege that Mitchell and Shreiteh allegedly recruited independent business owners, self-employed workers, and other businesses to provide them with personal information, bank statements, and other documents which they then submitted for PPP loans, prosecutors said.

tax preparation 105

tax preparation Gambling accountant Account 105

Going Concern

NOVEMBER 14, 2023

Although the affiliate found no evidence that the customers were located at the addresses, Komodromos and the engagement team failed to respond appropriately to that and other contradictory audit evidence – or even document the attempted site visits in the workpapers.

audit 118

audit financial statements auditor accounting and finance 118

Going Concern

NOVEMBER 8, 2024

PwC accused of interfering in Australian tax leaks probe [ Financial Times ] PwC has been accused of interfering in Australia’s political and regulatory affairs after documents revealed the Big Four accounting group warned its local firm against co-operating with investigations into a damaging tax leaks scandal without permission.

Florida 98

Florida Mississippi audit auditor 98

Going Concern

JANUARY 8, 2024

Refresher: Municipalities across the US are at risk of having their credit ratings downgraded or withdrawn by S&P Global Ratings because staffing shortages have delayed financial disclosure documents. Said the Sheridan Press today : The city of Sheridan and Sheridan County’s FY2023 audits will come in after the state-mandated deadline.

Wyoming 126

Wyoming audit Government Montana 126

Going Concern

JANUARY 19, 2024

ICYMI | Get Ready for the Future of Auditing [ CPA Journal ] The increasing use of technology is changing how businesses operate, which methodology and technology auditors use, and what career paths they follow. I’m an accountant’s dream. I get my tax documents in early. I was livid when my accountant ditched me.

Arizona 104

Arizona accounting and finance audit Technology 104

Going Concern

OCTOBER 18, 2024

SEC’s Dropped Auditing Charges Shows Damage of Jarkesy Decision [ Bloomberg Law ] The Securities and Exchange Commission’s recent decision to drop misconduct charges against a handful of auditors proves the SEC v. They’ve already sifted out the riff-raff, these are the good ones.

audit 104

audit auditor New York accounting firms 104

Going Concern

SEPTEMBER 29, 2023

” The updated version, issued on September 28th, removes problematic language which could be construed as indicating that internal auditors are not inherently trustworthy and unable to exercise due care in the performance of their duties. DT Colombia’s quality control system failed to prevent or detect the violations.

auditor 111

auditor audit New York CPA 111

Going Concern

JUNE 24, 2024

.” Fortune wrote about some troubles with Deloitte-managed state Medicaid services : The systems have generated incorrect notices to Medicaid beneficiaries, sent their paperwork to the wrong addresses, and been frozen for hours at a time, according to findings in state audits, allegations and declarations in court documents, and interviews.

accountant 98

accountant Account accounted audit 98

Going Concern

NOVEMBER 4, 2024

” Australian federal police officers have commenced a search for documents at the headquarters of PwC Australia in response to the damaging tax leaks scandal. In a letter to auditors on Wednesday, ASIC announced it would soon commence a new data-driven surveillance of auditor independence and conflicts of interest.

accountant 105

accountant Account accounted auditor 105

CPA Practice

AUGUST 28, 2024

The advent of artificial intelligence and machine learning have also started to have a dramatic impact on the practice of public accounting and business management, and we are continuing to see an increased adoption of practical operational uses for these professionals. What sets Instead apart is its AI documentation capabilities.

Technology 124

Technology accounting firms accountant Account 124

Going Concern

FEBRUARY 9, 2023

For CPAs, accountants, and auditors, busy season sucks. But nearly all of them miss a relatively simple step: Get the flow of documents between you and your clients under control with a document request management solution. The stress can take a serious toll on your personal life, your relationships, and even your health.

auditor 59

auditor cpas public accounting Sports 59

Going Concern

NOVEMBER 11, 2022

‘There’s definitely an accountant shortage out there’: MBAs have become the go-to degree and companies are struggling to hire enough CPAs [ Fortune ]. Many auditors responding to the FERF study noted an increase in effort by their teams (68%). How Ethical Accounting Protects Consumers and Encourages Growth [ Bloomberg Law ].

audit 98

audit auditor Louisiana cpas 98

MyIRSRelief

APRIL 22, 2024

Better Outcomes: Experienced representatives can negotiate more effectively and understand what the auditors are looking for. Here’s how to handle unfiled returns: Steps to Take: Gather Documentation: Collect all necessary financial records. What Should I Do About Unpaid Back Taxes in Corona, CA? Unpaid Back Taxes: Q: I owe back taxes.

Tax 130

Tax payroll tax payroll tax return 130

CPA Practice

AUGUST 18, 2023

The Public Company Accounting Oversight Board (PCAOB) permanently revoked the registration of Denver-based accounting firm AJ Robbins CPA on Aug. 17 and jointly fined the firm and its owner Allan Jeffrie Robbins $150,000 for independence and professional skepticism failures, as well as for the improper alteration of documents.

cpa firm 52

cpa firm CPA auditor audit 52

Going Concern

FEBRUARY 9, 2024

PwC ‘thumb their noses’ at Australia over tax scandal [ The Telegraph ] PwC has been accused of “thumbing their nose” at Australia’s parliament after refusing to hand over key documents relating to a tax leaks scandal. You gotta pay the piper,” Romeo Razi, a certified public accountant based in Las Vegas, tells CNBC Make It.

Technology 104

Technology Colorado audit cpa firm 104

Cherry Bekaert

MARCH 6, 2024

Cherry Bekaert’s tax team brings expertise in both industry and public accounting to deliver a tailored solution. At Cherry Bekaert, we tailor our solution to your unique situation in order to best support your finance team. Our specialists can help build a robust plan so you can focus on your business.

Tax 52

Tax accounting principles financial statements income tax 52

Going Concern

DECEMBER 5, 2022

In an article for CoinDesk , Francine McKenna took a crack at why the FTX debacle happened, and like she always does when there ’s really bad accounting at a company going through a financial crisis, who are/were the auditors: It’s not clear why FTX commissioned two different audit firms to audit its 2020 and 2021 financial statements.

audit 52

audit auditor financial statements public accounting 52

Going Concern

AUGUST 15, 2024

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

Real Estate 59

Real Estate accountant Account accounted 59

CPA Practice

MARCH 4, 2024

While it’s unclear what exactly led to the mistakes in each of these cases, one major risk factor has reached crisis levels: a shortage of certified public accountants. The lack of help means current accountants’ hours and workloads can be grueling, upping the odds of mistakes and burnout. “If

accountant 78

accountant Account accounted cpas 78

ThomsonReuters

JULY 29, 2024

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.

audit 52

audit auditor financial statements Technology 52

Going Concern

FEBRUARY 24, 2023

For public accounting firms in Minnesota: Minnesota public accounting firms, no longer being able to practice freely across state lines, would need to provide advance notice and gain a practice permit before signing any client engagement agreement or providing any public accounting service.

Minnesota 98

Minnesota Illinois cpas CPA 98

ThomsonReuters

MAY 5, 2022

Over three decades since then, the phrase appears to be a very apt way to describe the Holding Foreign Companies Accountable Act (HFCAA) and the subsequent responses by the SEC and PCAOB. Whether the issuer’s articles of incorporation (or equivalent organizing document) contain a charter of the CCP, including the text of any such charter.

accountant 52

accountant Account accounted public accounting 52

Withum

JULY 12, 2023

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. Why these three documents? Promote effective two-way communication between the auditor and those charged with governance.

audit 52

audit auditor Real Estate financial statements 52

Going Concern

MARCH 16, 2022

The big news in the accounting profession yesterday afternoon from Dave Michaels of the Wall Street Journal was that the SEC is investigating the Big 4 and other public accounting firms on whether the consulting and non-audit services they sell to clients is conflicting with their independence as the auditors of said clients.

audit 52

audit auditor bookkeeping accounting and finance 52

Going Concern

MARCH 30, 2022

The latest audit inspection results for Crowe show the 11th-ranked public accounting firm by revenue bombed 27% of the audits reviewed in the most recent PCAOB inspection cycle, but the firm was less bad in its 2020 report card than it was in 2019’s. Marcum auditors didn’t do too badly on audits of ICFR. Moss Adams.

financial statements 52

financial statements audit auditor public accounting 52