Going Concern

FEBRUARY 27, 2023

“IRS tech is so ‘archaic’ the agency struggles to find people to work it” from The Washington Post : The Internal Revenue Service, which funds nearly everything the federal government does, uses information technology that is creaking with old age. Yet that is what the IRS deals with every day.”

Technology 105

Technology Account accountant accounted 105

Going Concern

MAY 26, 2023

Long Read How a Pandemic-Era Program Became a Magnet for Fraud [ New York Times ] Amid the onset of the pandemic in 2020, as large swaths of the economy went into lockdown, Washington set up various programs to help keep businesses and their workers afloat. million to federal political parties from July 2012 to June 2022, and when KPMG ($1.1

public accounting 104

public accounting Account accountant accounted 104

Going Concern

NOVEMBER 4, 2024

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. Some have gone as far as to call for auditors – particularly the “big four” – to be banned from offering consulting services to their audit customers.

Account 105

Account accountant accounted auditor 105

Going Concern

NOVEMBER 14, 2022

.” You’re probably going to hear a lot about FTX in coming weeks, for now former and current auditors Armanino and Prager Metis face scrutiny over FTX founder Sam Bankman-Fried’s bankrupt crypto empire ( CoinDesk also joined us in ripping on the Prager Metis metaverse space ). listed casino businesses operate.

Account 59

Account accountant accounted auditor 59

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

FEBRUARY 19, 2024

Fun President’s Day fact: although the third Monday in February is meant to recognize the birthdays of both first president George Washington and original hipster Abraham Lincoln, only Washington’s birthday — February 22 — is officially recognized in federal law ( 5 U.S. Everyone’s out buying mattresses.

auditor 59

auditor Account accountant accounted 59

Cherry Bekaert

JUNE 5, 2024

While organizations are very well versed in the concept of materiality when it comes to financial statement presentation and reporting, it appears they are much less familiar with understanding and reporting on cybersecurity incident materiality, which goes above and beyond the reporting standard for financial statement materiality.

Legal 69

Legal financial statements auditor Washington 69

PYMNTS

OCTOBER 11, 2018

a faith-based online publisher in Washington, D.C., The indictment states that top executives from both companies created fraudulent financial statements approved by a fake auditor to secure around $10 million in loans from three financial institutions, which they claimed were to be used to buy high-end computer servers.

auditor 40

auditor Washington accounting and finance financial statements 40

Going Concern

MAY 13, 2022

Junior KPMG auditor ‘should not lose his home’ for misleading regulator, says tribunal [ Financial Times ] A former junior KPMG auditor should not receive a fine so large it could force him to sell his matrimonial home, a tribunal has said. ” COVID-19 has negatively impacted how auditors work [ Phys.org ] Duh?

auditor 52

auditor audit CPA accounting and finance 52

CPA Practice

APRIL 30, 2024

Better decision-making with advanced analytics Sophisticated data models and predictive analytics can help your team members identify financial trends, assess risks and provide more strategic advice to clients. operations, based in the Washington, D.C., He is responsible for leading U.S. metropolitan area.

Technology 52

Technology CPA cpa firm accounting and finance 52

Baruch Lev

NOVEMBER 11, 2021

If what you say is true, and I have no doubt that it is, would society be better off without auditors? We were at in Boston last week, so we’re working our way down to Washington. We have Matthew Feeney from the Cato Institute to talk about drones and drone policy. Alright, well Ron, I’ll see you in 167 hours.

audit 40

audit New York accounting and finance accounting standards 40

Going Concern

DECEMBER 13, 2024

Accountants and regulators have questioned whether the independence of auditors can be preserved or not under new buyers. These deals must not result in a significant culture shift away from its focus on audit quality, SEC Chief Accountant Paul Munter said in an interview with The Wall Street Journal at a conference in Washington, D.C.

auditor 98

auditor Account accountant accounted 98

Going Concern

APRIL 1, 2022

ARB’s auditor Messrs BDO voluntarily resigns after failure to reach agreement on proposed increase of audit fees [ The Edge ] Expect to see a lot of this going forward: ARB Bhd on Friday (April 1) announced its auditor Messrs BDO PLT (BDO) has voluntarily resigned. That’s one way to go. TaxTwitter is a ghost town. is it over yet?

auditor 52

auditor accounting jobs accountant jobs accounts jobs 52

Going Concern

JUNE 17, 2024

ProPublica did a story on “how remote work and artificial intelligence are ushering in new kinds of fraud in state and local governments” and interviewed Washington state auditor Brandi Pritchard. As far as we can tell, it’s the largest government misappropriation [by an employee] in Washington state’s history.

Account 59

Account accountant accounted auditor 59

Going Concern

JULY 15, 2022

SEC’s Gensler Casts Doubt on Prospects for China Audit Deal [ Wall Street Journal ] Securities and Exchange Commission Chairman Gary Gensler expressed doubt Wednesday that negotiators in Washington and Beijing will reach an agreement over audits that is necessary to prevent Chinese companies from being delisted by U.S. stock exchanges.

auditor 52

auditor audit accounting and finance Government 52

CPA Practice

APRIL 8, 2024

said in recent regulatory filings that it will keep BF Borgers, a Lakewood, Colorado-based accounting firm, as its auditor after starting to trade publicly late last month. A Canadian regulator said last year that BF Borgers violated its rules for auditors, while the U.S.’s Trump Media & Technology Group Corp. United Cannabis Corp.

audit 111

audit accounting firms auditor Account 111

Going Concern

OCTOBER 6, 2023

TSA backtracks on $93M award to Deloitte after protests [ Washington Technology ] The Transportation Security Administration is backing away from a $93 million award to Deloitte after receiving complaints about how the agency evaluated proposals. Under ERISA, an employee benefit plan includes pensions, 401(k) and A 403(b) plans.

Maryland 109

Maryland audit accounting and finance accounting firms 109

Going Concern

AUGUST 19, 2022

Documentation issues nix Secret Service award to Deloitte [ Washington Technology ] GAO has told the Secret Service it did not adequately document its best-value tradeoff analysis in the award of a $24 million chief financial officer support contract to Deloitte. Audit: U.K. ” Oh, Reddit.

audit 96

audit auditor accounting firms accounting and finance 96

Going Concern

FEBRUARY 24, 2023

More than 90% point to hiring and retaining skilled accountants and auditors. That’s the finding of two newly released reports by leading software provider Caseware International, which surveyed more than 6,000 accountants and auditors globally. actions involved 19 auditors and audit firms in seven countries outside the U.S.”

Technology 105

Technology audit Healthcare auditor 105

Going Concern

NOVEMBER 3, 2023

News Trump sons deny knowing of financial statements at heart of $250m fraud trial [ The Guardian ] Trump’s eldest sons claimed on Thursday that they had no knowledge of the financial statements at the heart of the family’s $250m fraud trial. I think I was 26 years old,” he added. Who knows!

financial statements 115

financial statements Tax accounting firms audit 115

Going Concern

MARCH 15, 2024

KPMG layoffs by u/corpslave_1998 in Big4 Deloitte fights for another shot at $789M SHARKCAGE cyber contract [ Washington Technology ] Deloitte wants back into the competition for a $789 million Navy contract that was captured by Accenture. The SEC is working on proposals that would enhance disclosures to better protect investor interests.

auditor 116

auditor cpas audit Iowa 116

Going Concern

AUGUST 4, 2023

Trump-Tied SPAC Hits Another Snag as Auditor Abruptly Resigns [ Bloomberg ] Special-purpose acquisition company Digital World Acquisition Corp. said in a filing Tuesday that its auditor Marcum LLP — which has been riddled with regulatory problems of its own — abruptly resigned. Shares of Digital World slumped as much as 10% Wednesday.

cpa firm 98

cpa firm CPA accounting firms accounting and finance 98

Going Concern

DECEMBER 23, 2022

UK companies brace themselves for escalating battles with auditors [ Financial Times ]. UK companies are gearing up for conflicts with auditors next year as economic and political uncertainty add to the difficulty of signing off accounts and forecasting financial outlooks. Current rules don’t require this.

Tax 98

Tax auditor audit accounting and finance 98