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Defending IRS Cash Based Audits – Guilty Until Proven Innocent: The Case for Using a Forensic Accountant

Withum

Why a Forensic Accountant? Using a forensic account is essential in developing a strategy to handle and defend the findings of a cash-based audit. However, before delving into how they can assist counsel and the client, it’s essential to define what a forensic accountant is.

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Companies Undertake More Aggressive Tax Positions When IRS Budget is Cut

CPA Practice

A new academic study found that companies increase their tax risk profile—thus more tax aggression and a higher likelihood of tax fraud—when they believe IRS scrutiny will be lower due to budget cuts. They also collected data on IRS budgets from the Treasury Department. “We

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The Difference between Bookkeeping and Accounting

SMBAccountant

- “What is my estimated tax payment? There are different types of accountants which specialize in different areas. Auditors provide opinions on the accuracy and reasonableness of financial statements. Forensic accountants research financial transactions to uncover fraud. to review performance and profitability.

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What Auditors Do

Withum

However, my role is not just to teach the material but to excite them about accounting as a profession and auditing in particular and share my pride in the vital role auditors play in our ecosystem. In its simplest form, auditors provide an opinion on an organization’s financial statements. Ethics is not a buzzword.

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Top Remote Accountants of the Week | January 17, 2025

Going Concern

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

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Top Remote Accountants of the Week | September 19, 2024

Going Concern

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!

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Defending IRS Cash-Based Audits – Guilty Until Proven Innocent: Computing Income

Withum

As discussed in our previous article, The Case for Using a Forensic Accountant , confronting the prospects of a cash-based audit is fraught with potential traps and exposure to civil and criminal penalties, including incarceration. This makes the forensic accountant part of the defense team. Cash has a destination.

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