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Top accounting issues in 2023

ThomsonReuters

These standards revised the way the audit report is presented, called for enhanced communications between auditors and managers charged with governance, and prescribed additional audit procedures for related party transactions. Therefore, cash flow statements must be accurate.

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Friday Footnotes: CPAs Need to Get Contemporary; Internal Audit Priorities for 2024; A PwC Comic Book? | 8.30.24

Going Concern

Practice Management We interrupt your regularly scheduled news links with a message from Accountingfly: Are you struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? According to the auditor’s office, issues found included: Nineteen disbursements totaling more than $1.5

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Friday Footnotes: If There’s AI in Your Job, There May Be More Money; Audits Make Clients Anxious; Who You Calling an Unsexy Sector!? | 5.24.24

Going Concern

Audit: Hundreds of billions in errors in Missouri’s annual financial report [ The Center Square ] An audit of Missouri’s comprehensive financial report for 2023 found billions of dollars in errors and a need for improved internal controls and procedures.

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Friday Footnotes: Baker Tilly Did What!?; Internship Ranking Winner Same As Last Year; Pillar II to Be a PITA | 10.25.24

Going Concern

“We received news that our external auditor that is assigned to our annual audit is resigning and the firm does not have sufficient staffing to take over our 2022-2023 audit,” Gates-Shult said. ” NYC handed out $6.5 The board also set a 45-day comment period for the update.