Going Concern

JULY 31, 2023

Related: PwC settled ‘false LPP’ penalties days before bid to suppress emails [ Australian Financial Review ]: The Tax Office signed a confidential settlement with PwC in March involving the firm’s false claims for legal professional privilege over 150 documents related to tax advice to a multinational client.

auditor 98

auditor accounted accountant Account 98

CPA Practice

MAY 14, 2024

The Public Company Accounting Oversight Board (PCAOB) approved a sweeping new standard on the general responsibilities of an auditor on May 13, including a provision that significantly cuts the maximum time period for the auditor to assemble a complete and final set of audit documentation from 45 days to 14 days.

auditor 69

auditor audit financial statements Legal 69

Going Concern

APRIL 22, 2024

Those of us who’ve worked or even simply seen behind the curtain of audit know the things he points out to be true — assurance is reasonable not absolute , financial statements are the responsibility of management not auditors, “finding fraud” is not the ultimate goal of audits — but do investors?

audit 119

audit auditor financial statements Education 119

Going Concern

APRIL 30, 2024

It’s been almost six years since the Canadian government legalized recreational cannabis and ever since, a microcosm of financial reporting and auditing has been growing (no pun) beside it. Note that many companies switched auditors so not all fees listed went to the current auditor.) billion Canadian dollar ($3.7

auditor 111

auditor audit Legal financial statements 111

Going Concern

FEBRUARY 17, 2023

.” Big Four: EY, Deloitte, KPMG, and PwC step on law firms’ toes increasing legal revenue to £1.25bn [ City A.M. ] The Big Four accounting firms – EY, Deloitte, KPMG, and PwC – are capturing an ever-larger share of the global market for legal services.

Legal 98

Legal audit auditor South Carolina 98

CPA Practice

FEBRUARY 23, 2024

Auditors are poised to become crucial facilitators in the accounting and finance function’s adoption of AI and large language models (LLMs). Auditors are the Keystone for AI Integration The successful integration of AI has one essential requirement—a nuanced understanding of the model’s data origins and its interpretations.

audit 114

audit auditor accounting and finance Technology 114

Shay CPA

AUGUST 23, 2023

” However, when it comes to financial statement audits, the timing isn’t quite as forgiving as planting trees. Understanding the dynamics of your financial health is crucial for early-stage tech companies. One such decision is when to conduct a financial statement audit. The second-best time is now.”

financial statements 52

financial statements audit Technology accounting and finance 52

Going Concern

OCTOBER 27, 2022

.” The administrators, whose job it is to find some funds to repay NMC creditors, say EY auditors did not detect that NMC’s accounts were fraudulently misstated to the tune of a couple billion dollars. “Whose statements are these? EY says that wasn’t their job. The administrators say that $1.5

audit 105

audit auditor Legal Transportation 105

VJM Global

JANUARY 21, 2025

During verification, it was observed that in the Financial statements of the company for 2016-17, 2017-18, and 2018-19, the directors did not mention DIN under their signatures. The RoC imposed a penalty of INR 18,00,000/- (INR 6,00,000/- per year) on company directors for failure to mention DIN on Financial statements.

financial statements 52

financial statements Legal auditor Tax 52

Going Concern

NOVEMBER 24, 2023

Bonuses will also be cut, with staff in KPMG’s 2,900-strong tax and legal arm receiving 55 per cent of the full amount that could have been paid, an insider said. Internal audit is not a mandated profession within Australia so the law does not require people who practice as internal auditors to be members of an association.”

auditor 116

auditor audit tax return cpas 116

Going Concern

APRIL 12, 2024

ICYMI: These are the most-read articles on Going Concern this week: Tax Preparer Finds Out in the Worst Way Possible That ERC Wasn’t a Free Money Glitch Survey Says: Which Group of Auditors Are Most Satisfied With Their Salaries? the auditor of Tesla Korea, about the company’s financial statements for last year.

CPA 105

CPA auditor Tax accounting and finance 105

Going Concern

JANUARY 6, 2025

KPMG is up to something : Accounting giant KPMG is moving to launch a new legal services business in the United States, taking advantage of relaxed law firm ownership rules in Arizona. Don’t waste my time with a bunch of BS that you don’t actually mean, ya know? Tell me to f**k off and we can both move on. updoots lol.

accounted 52

accounted accountant Account audit 52

Going Concern

DECEMBER 8, 2022

People on the inside have said that the split is delayed as the firm hammers out the details, mostly legal.

auditor 105

auditor Legal audit financial statements 105

Going Concern

APRIL 3, 2025

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Tax 59

Tax NetSuite Real Estate accounted 59

Going Concern

AUGUST 22, 2024

PwC Hong Kong soon after put out a statement to say “the letter contains inaccurate statements and false allegations concerning PwC and certain of our partners.” ” “The inaccurate statements and false allegations could tarnish PwC’s reputation and infringe our legal rights,” added that statement.

audit 105

audit auditor financial statements Legal 105

Going Concern

MARCH 8, 2024

Deloitte Legal Chief Sees Opportunity in GCs’ Need to Modernize [ Bloomberg Law ] GC = general counsel The new global head of Deloitte’s legal services arm said he’s focused on delivering more integrated consulting to general counsel while acknowledging the Big Four’s entry into legal services has gone slower than many anticipated.

audit 100

audit auditor New York Legal 100

CPA Practice

AUGUST 15, 2023

Snodgrass —failed to obtain audit committee pre-approval in connection with providing audit and/or non-audit services to issuer audit clients, in violation of PCAOB Rule 3520, Auditor Independence , and for two of the three firms (BPM and Plante Moran) PCAOB Rule 3524, Audit Committee Pre-Approval of Certain Tax Services.

audit 98

audit auditor accounting firms cpas 98

Going Concern

MARCH 15, 2024

The NYT report’s focus was that private auditors from large firms failed and consistently missed child labor law violations. Auditors moved quickly and left before children arrived for overnight shifts, or they were not sent where minors worked.

auditor 116

auditor cpas Iowa audit 116

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. It has to work.”

accounted 105

accounted accountant Account audit 105

Going Concern

OCTOBER 14, 2024

Writes Religion Unplugged : Responding to a lawsuit accusing Dallas-based Gateway Church of financial fraud, Gateway Elder Tra Willbanks assured congregants over the weekend that the church has “independently audited financial statements since 2005.” We don’t view AI as a substitute for auditors,” Shimek explained.

accounted 59

accounted accountant Account audit 59

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. And CPAs in this space know what that means in terms of legal exposure.

auditor 111

auditor audit New York CPA 111

Going Concern

JUNE 23, 2023

Audit “When you are a hammer, the world is a nail” – SEC and PCAOB Senior Staff Signal Increased SEC and PCAOB Gatekeeper Enforcement [ Lexology ] SEC Enforcement and PCAOB Enforcement both are pursuing more significant sanctions against auditors, particularly with respect to civil money penalties. 31 is still not finished.

cpa firm 105

cpa firm CPA auditor North Carolina 105

Going Concern

DECEMBER 20, 2024

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Real Estate 52

Real Estate accounted accountant Account 52

Snyder

DECEMBER 28, 2022

Meeting a tax auditor is as frightening as meeting a ghost. It’s performed by the IRS tax auditors, whose job is to verify that the financial information you reported to the tax agency was correct. If your audit is to be conducted by mail, the auditor will request a list of necessary documents. Let’s dive in!

audit 98

audit Tax tax return auditor 98

Going Concern

NOVEMBER 11, 2022

The next generation of accountants and auditors is in demand, but Ben Lansford, an accounting professor and director of the Master of Accounting program at the Jones Graduate School of Business at Rice University explained why some are hesitant. Many auditors responding to the FERF study noted an increase in effort by their teams (68%).

audit 98

audit auditor Louisiana cpas 98

Cherry Bekaert

JUNE 10, 2024

Communicate openly : The accounting team should take the lead in preparing the financial statements, but every department of the company has a role to play for a seamless process. Having an internal control framework includes having accurate policies and procedures that are shared with everyone that touches the reporting process.

financial statements 88

financial statements audit auditor Technology 88

Anders CPA

JULY 6, 2022

According to the FASB, the alternative is intended to “reduce cost and complexity without significantly diminishing decision-useful information for users of private company financial statements.”. ASC 805 vs ASU 2014-18 (Private Company Alternative). Implications of the Private Company Alternative.

accounted 105

accounted accountant Account financial statements 105

Going Concern

JANUARY 16, 2023

A discussion about money laundering in Australia : “Accountants are at the frontline of this as the industry remains a popular avenue for financial criminals, who seek to leverage the industry’s prestige and firm/client relationships to launder money and give their illicit funds a veil of legitimacy.” I eventually resigned last week.”

accounted 98

accounted accountant Account auditor 98

Going Concern

MARCH 13, 2025

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Real Estate 52

Real Estate Tax accounted accountant 52

Going Concern

FEBRUARY 13, 2025

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accounted 52

accounted accountant Account Real Estate 52

Going Concern

NOVEMBER 21, 2024

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Real Estate 52

Real Estate accounted accountant Account 52

Going Concern

NOVEMBER 18, 2022

KPMG has been blocked from winning new audit contracts in Abu Dhabi after regulators removed the Big Four firm from the list of accountants authorised to sign off companies’ financial statements. After 1,600 auditors combed through DOD’s $3.5 an accounting, tax preparation, and legal services business located in Waxahachie.

Technology 96

Technology audit auditor accounting and finance 96

Going Concern

JANUARY 2, 2025

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Real Estate 52

Real Estate accounted accountant Account 52

CPA Practice

JUNE 13, 2024

The Public Company Accounting Oversight Board (PCAOB) on June 12 is seeking to replace an outdated auditing standard on substantive analytical procedures, used by auditors to compare an amount recorded by the client to an amount expected by the auditor to determine whether there’s a misstatement.

audit 59

audit auditor financial statements Legal 59

Going Concern

MAY 13, 2024

We moved the requirements addressing the engagement partner’s responsibility for due professional care into a separate paragraph to highlight the important role engagement partners play and to help draw a distinction between the responsibilities applicable to all auditors and those that are incremental for engagement partners.

Oregon 96

Oregon accounted accountant Account 96

PYMNTS

OCTOBER 1, 2019

auditors than are currently mandated under international standards. In a statement, the FRC’s Chief Executive Stephen Haddrill said, “High-quality audit protects the public interest, meets the needs of users of financial statements and underpins investor confidence.

accounting standards 51

accounting standards auditor accountant accounted 51

CPA Practice

SEPTEMBER 1, 2023

The organization recently voted to strengthen its standard to require auditors to be more proactive in identifying non-compliance. By maintaining comprehensive and up-to-date data, they can greatly reduce the risk of errors, discrepancies and incomplete information, ultimately safeguarding the integrity of their financial statements.

accounting and finance 98

accounting and finance Non-Profits accounting standards Finance 98