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.

accountant 59

accountant Account accounted auditor 59

Going Concern

FEBRUARY 9, 2024

You gotta pay the piper’ on your winnings, says tax expert [ NBC10 Philadelphia ] All gambling winnings are considered taxable income by the Internal Revenue Service, even if you aren’t a professional gambler. Tax Betting on the Super Bowl? “Win big? researchers surveyed financial executives (e.g.,

Technology 104

Technology Colorado audit cpa firm 104

FraudFiles

AUGUST 31, 2021

Creating fictitious sales and supporting documentation, in a manner which fools the auditors, also demonstrates an opportunity for fraud. Gambling habits and drug addictions are common motives for theft. For example, a company may have a weakness in a system that allows someone to write a check to a phony vendor.

Gambling 52

Gambling auditor Legal audit 52

Going Concern

JULY 28, 2023

Beginning no later than 2011, Fulton was aware that Nix ran an illegal gambling business. Nonetheless, Fulton knowingly laundered Nix’s illegal gambling proceeds by continuing to provide financial services to Nix and providing access to the financial system. appeared first on Going Concern.

Gambling 98

Gambling audit Technology accounting firms 98

Going Concern

DECEMBER 8, 2023

Auditors say accountant shortage ramps up work pressure: CAQ [ CFO Dive ] A shortage of accountants has intensified pressure and ramped up workloads for accounting teams at U.S. The new standard will help auditors detect fraud and better protect investors now and into the future,” PCAOB Chair Erica Williams said Monday.

cpas 118

cpas accountant Account accounted 118

Going Concern

FEBRUARY 12, 2024

Canadian Accountant put out a piece on the auditor shuffle using some Ideagen Audit Analytics data : While the annual data provided to Canadian Accountant by an American data analytics firm always contains a few fascinating odds and ends — and that year was no different — the most recent data available presented a mystery.

auditor 72

auditor accountant Account accounted 72

PYMNTS

MARCH 1, 2019

The claims led to investigations by a number of authorities, including the FBI and auditors. According to the Calgary Herald , Dhuga said “I see you have discovered my gambling habit” when the scam was uncovered and she was confronted.

Gambling 43

Gambling audit auditor New York 43

Going Concern

JANUARY 19, 2023

Burnell, instead, spent the money on gambling and luxury items, including private jet trips, designer merchandise and luxury cars. Burnell only reported income from gambling winnings in 2011 and 2012 – estimated to be more than $1 million – all of which was offset by gambling losses. That case was settled in 2013.

Tax 64

Tax tax return Gambling tax preparation 64

Going Concern

NOVEMBER 25, 2022

According to the FRC, it found serious failings in the reviewed audit, which demonstrated a “significant departure from the standards expected of a registered auditor”. The Financial Reporting Council (FRC) has published a new report setting out examples of good practice to improve auditor scepticism and challenge.

audit 98

audit accountant Account accounted 98