Going Concern

JUNE 13, 2023

Financial Reporting Council chair and stereotypically European named Jan du Plessis has told the Financial Times that audit firms — who regularly complain about the UK audit regulator being up their asses — should pay their junior auditors more. And we have all heard the complaints from junior auditors.

auditor 111

auditor audit financial statements Legal 111

SMBAccountant

OCTOBER 21, 2020

Bad Debt – both actual and estimated losses from uncollectible accounts receivable including collection costs and legal costs are not allowed. DCAA provides an excellent online reference tool, the Selected Area of Cost Guidebook, for contractors and auditors alike to review costs for allowability.

Government 246

Government general ledger accounted Account 246

TaxConnex

FEBRUARY 27, 2024

million accountants and auditors in the U.S. There’s another consideration for going in-house: The legal liability is all yours if you miss a compliance matter. Are they experienced with auditors? The accounting education pipeline is drier than ever even as accounting degrees require many additional course hours. in 2022, up 1.3%

Sales 264

Sales Tax accounted Account 264

CPA Practice

OCTOBER 31, 2023

recruitment and/or hiring tool, then carefully review the contract to understand what, if any, indemnities or other protections you’re getting from a vendor to understand your legal risks should a legal challenge to your use of A.I. While internal information technology resources may be able to help monitor and audit the A.I.

Legal 116

Legal audit payroll Technology 116

Going Concern

JANUARY 3, 2025

The series is called Journeys of Accountancy and features accountants who, for example, work for a CPA firm specializing in the legalized cannabis industry in California, an accounting software company that serves the funeral industry, and a company that provides compliance services to the gaming industry.

auditor 98

auditor audit Rhode Island cpa firm 98

TaxConnex

APRIL 25, 2024

There’s another consideration for going in-house: The legal liability is all yours if you miss a compliance matter. Are they experienced with auditors? What resources will your people need to handle this responsibility? What will be their reaction to the new workload – and your potential cost of employees quitting down the road?

Sales 264

Sales Tax accounting and finance auditor 264

Going Concern

APRIL 7, 2023

PwC offers cutting edge AI technology with ContractPodAi [ ERP Today Magazine ] PwC has entered into an alliance with ContractPodAi, allowing the firm to offer a cutting edge AI-powered legal contract management platform. and overseas” seeking further explanation about the auditor’s opinion. If Your Job Exposed to ChatGPT?

auditor 105

auditor chartered accountant audit accounting and finance 105

CPA Practice

NOVEMBER 11, 2024

And be sure to address any legal considerations, such as partnership agreements, nondisclosure agreements and noncompete clauses, to avoid potential disputes during transitions. Saah has been with the company since 1998, where he started as a recruiting manager, following a career as an internal auditor and assistant controller.

cpa firm 111

cpa firm CPA accounting and finance Virginia 111

CTP

JANUARY 15, 2025

Think of this as if you are actually preparing to go to court and defend your case from a legal point of view. You are taking an itemized deduction, which is a legal tax position. You are saying that you are legally responsible for that mortgage and that the law therefore allows you to deduct the related interest.

audit 52

audit auditor Legal tax return 52

ThomsonReuters

SEPTEMBER 3, 2024

The 2024 Generative AI in Professional Services research conducted by the Thomson Reuters Institute provides a comprehensive overview of the burgeoning role of GenAI across various professional sectors, including legal, tax, accounting, risk, and government.

auditor 72

auditor audit tax accountant Tax 72

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. That’s all I’ve got.

auditor 98

auditor accounted Account accountant 98

Accounting Today

OCTOBER 16, 2024

The new regulatory environment has faced legal challenges, creating uncertainty for companies and auditors.

auditor 63

auditor Legal audit Tax 63

TaxConnex

DECEMBER 21, 2021

There’s another consideration for going in-house: The legal liability is all yours if you miss a compliance matter. Are they experienced with auditors? What resources will they need to handle this new responsibility? What will be their reaction to the new workload – and your potential cost of employees quitting down the road?

Sales 245

Sales Tax cpa firm CPA 245

CPA Practice

NOVEMBER 7, 2024

And be sure to address any legal considerations, such as partnership agreements, nondisclosure agreements and noncompete clauses, to avoid potential disputes during transitions. Saah has been with the company since 1998, where he started as a recruiting manager, following a career as an internal auditor and assistant controller.

cpa firm 109

cpa firm CPA accounting and finance Virginia 109

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 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

ThomsonReuters

OCTOBER 18, 2024

Statutory reporting is a critical process for multinational corporations, involving the preparation and submission of financial statements to comply with legal obligations across various jurisdictions. ← Blog home In the industries of business and finance, statutory reporting is a cornerstone of transparency and compliance.

Non-Profits 52

Non-Profits Legal financial statements tax return 52

TaxConnex

MARCH 21, 2024

Auditors slapped Amazon with some $12.5 The New York Tax Appeals Tribunal has affirmed an Administrative Law Judge’s ruling that there was no legal basis for a taxpayer to claim a credit for sales tax refunded at the end of a lease because the statute required that tax be paid at the beginning of the lease term.

South Carolina 264

South Carolina Sales Tax Alabama 264

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

CPA Practice

SEPTEMBER 10, 2024

I am pleased to approve this standard because it will improve the quality control systems of auditors, and thus better protect investors.” Does the answer differ depending on whether the person is an auditor? Does the EQCF requirement broaden the PCAOB’s reach to parties over which it has no legal jurisdiction?

auditor 116

auditor audit Legal accounting firms 116

CPA Practice

OCTOBER 29, 2024

State-owned enterprises have ditched PwC as their auditor as a result of the scandal, and PwC China last month had its licence to operate suspended for six months. Demand for our legal and workforce services grew strongly in FY24. currency terms this year. Information provided by PwC.

Legal 52

Legal Government auditor Tax 52

PYMNTS

FEBRUARY 6, 2020

While opportunities for supply chain finance and dynamic discounting can be found across verticals, demand for these capabilities is particularly high in the corporate legal services industry. “It’s a very symbiotic relationship between the in-house legal department and outside counsel,” he told PYMNTS in a recent interview.

Legal 52

Legal accounts payable accounting and finance 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. Dr. Shetty is NMC’s founder and he has his own, separate but related legal problems. The administrators say that $1.5

audit 105

audit auditor Legal Transportation 105

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 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

MyIRSRelief

JANUARY 7, 2024

The auditor will request various documents, such as payroll records, bank statements, contracts, and other business records. Time-Consuming Process: Audits can be time-consuming, requiring you to gather extensive documentation and communicate with the auditor. Will the EDD auditor come to my business location?

audit 130

audit payroll tax Tax auditor 130

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 public accounting 98

AdviceForTaxpreparers

SEPTEMBER 8, 2020

Issue 3: I am an accounting major, auditor, or I don’t have enough experience in tax to promote the book. Once you have the coupon code you can promote it through whatever legal means that you deem appropriate (i.e., You could promote the book for ten minutes every six months or spend hours every weekend. The choice is up to you.

tax preparation 246

tax preparation Tax cpa firm tax return 246

TaxConnex

OCTOBER 27, 2020

Use tax is one of the most misunderstood areas of multistate taxation and one area where state tax auditors generally make significant collections each year from unsuspecting taxpayers. Other states consider use tax to be only the tax that is paid directly by the purchaser when the retailer does not charge the tax.

Sales 246

Sales Tax Retail auditor 246

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 Account accountant audit 52

Cherry Bekaert

MAY 26, 2023

IT auditors must ensure that organizations have appropriate controls in place to mitigate these risks. IT auditors must ensure that organizations have effective cybersecurity controls in place to prevent and detect cyberattacks. Governing bodies such as the U.S.

Technology 92

Technology audit auditor Legal 92

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 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

MAY 20, 2024

PwC is facing legal action claiming the accountancy firm is liable for the alleged rape of a graduate employee following after-work drinks. Auditors are required to include a going-concern warning if they believe there is a risk that the company may go bankrupt, rather than making a prediction that it will. TL;DR It’s about time!

audit 105

audit auditor accounted Account 105

Going Concern

MAY 31, 2024

Municipal Dumpster Fires Woonsocket city council respond to auditors abruptly quitting [ WLNE Providence ] Shout-out Mary Sahady who finally had enough of this b t and told this messy client to get bent. Woonsocket officials are hoping city auditors will change their mind, after they abruptly quit this past week.

auditor 106

auditor audit accounting and finance New York 106

VJM Global

JANUARY 21, 2025

Relevant Legal Extract The relevant legal extract of the Companies Act, 2013 is reiterated below for ready reference: Section 158 158. However, the company and its officers in default have failed to furnish a reply to such show cause notice. Read Also: Document Identification Number (DIN) to be quoted on all communications from CBIC 2.

financial statements 52

financial statements Legal auditor Tax 52

MyIRSRelief

OCTOBER 28, 2022

During the audit, the CA FTB auditor is looking to find anything on your tax return in the case of an individual or the review of your books & records in the case of a business. They use it to gather information from you and to inform you of what they already know about your tax situation.

California 130

California audit Tax income tax 130