FraudFiles
AUGUST 30, 2024
Tracy Coenen talks to a group of CPAs about the top ways fraud is detected within companies. The Association of Certified Fraud Examiners (ACFE) conducts a survey of its members every two years. It consistently finds that the most common way fraud is found within companies is through tips from employees, customers, and vendors. Next, [.
Accounting Today
AUGUST 30, 2024
OSCPA makes 66th Hall of Fame induction; CohnReznick opens digital forensic lab; and more news from across the profession.
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CPA Practice
AUGUST 30, 2024
Research conducted by the Center for Accounting Transformation revealed that about one-fourth of accounting professionals would like to increase their activity in DEI programs. However, only about 30% of accounting organizations implement DEI initiatives. The findings were shared during the Center’s recent webinar on the research results, “The DEI Journey of Accounting Professionals – A Research Study Analysis,” which was hosted by Donny Shimamoto, CPA, CITP, CGMA, the founder and managing di
Accounting Today
AUGUST 30, 2024
Plus, Crowe solution streamlines financial spreading process; Patriot Software releases new payroll, compliance tools; and other accounting tech news.
Speaker: David Worrell, CFO, Author & Speaker
Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.
Going Concern
AUGUST 30, 2024
StoneTurn’s Brad Wilson wrote an opinion piece for Bloomberg Tax about how business leaders can take proactive steps to address the accountant shortage and I am presenting it here for you to critique. According to Glassdoor , StoneTurn is a global professional services firm that works with law firms, corporations, and government agencies in solving the most complex and consequential business issues.
Accounting Today
AUGUST 30, 2024
Olli Zeidler was one of 10 Deloitte professionals who competed at the 2024 Olympics and Paralympics.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Cherry Bekaert
AUGUST 30, 2024
Contributor: Yani Diaz, Senior Manager Risk & Accounting Advisory What is Sarbanes-Oxley? The Sarbanes-Oxley (SOX) Act of 2002 is a federal law administered by the Securities and Exchange Commission (SEC) that requires public companies to meet certain criteria and standards regarding internal controls over financial reporting (ICFR). ICFR is a critical component of a company’s overall system of internal controls, and it is designed to prevent, detect and correct errors or fraud that co
Randal DeHart
AUGUST 30, 2024
We often overlook the immense value that construction contractors bring to our communities. From building our homes and schools to developing infrastructure and commercial spaces, construction contractors like you play a vital role in shaping our world. Your contributions are undeniably essential, yet they often go unrecognized. This Labor Day weekend, it's time to shed light on your significant impact on our everyday lives.
CPA Practice
AUGUST 30, 2024
By Hana Ikramuddin New Haven Register, Conn. (TNS) Aug. 29—FARMINGTON — An accountant pleaded guilty in Bridgeport Thursday to filing fraudulent tax returns for multiple years after failing to report $1.4 million in income, federal officials said. Mark Legowski, 60, a self-employed accountant who did work filing tax returns in Farmington, underreported gross receipts from 2015 to 2017 as part of an effort to reduce his income tax liability, according to a news release from the U.
Cherry Bekaert
AUGUST 30, 2024
Cherry Bekaert offers corporate and strategic finance services to companies with financial planning and analysis (FP&A), financial operations and strategy, and data analytics needs. We provide a wide range of services focused on areas such as financial and operating model development, cash management, budgeting, forecasting long-term planning, operating expense (OpEx) benchmarking and much more.
Speaker: Dave Sackett
Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.
Accounting Today
AUGUST 30, 2024
The Treasury Department directed the IRS not to use any additional Inflation Reduction Act funds to increase audits on small businesses or households earning less than $400,000.
CPA Practice
AUGUST 30, 2024
The U.S. Department of Treasury, the Internal Revenue Service and the U.S. Department of Energy have received over 800 concept papers — project proposals — seeking a total of nearly $40 billion in tax credits, representing $200 billion in total project investments, for Round 2 of the Qualifying Advanced Energy Project Tax Credit (48C) Program. Of the nearly $40 billion, approximately $10.3 billion is from projects in designated energy communities census tracts.
Accounting Today
AUGUST 30, 2024
Transfer pricing, Pillar Two, GLAM and more are important considerations.
Accounting Insight
AUGUST 30, 2024
It’s important to understand your payslip. Aside from showing your workplace salary payments, UK payslips cover a lot of useful information. If you are aware of everything that’s going on on your payslip, you can better plan your personal finances. Why is a payslip important? Payslips are important because they allow you to ensure you are being paid and taxed the right amount.
Speaker: Erroll Amacker
As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R
Accounting Today
AUGUST 30, 2024
In this installment of The Fundamentals, we asked firm leaders and tech experts the basics of selecting a tax research solution.
Insightful Accountant
AUGUST 30, 2024
All of us at Insightful Accountant want to wish all of you, and your families a great Labor Day as we celebrate this day of recognizing all that the American 'working man and woman' have done for this great country, the United States of America.
Accounting Today
AUGUST 30, 2024
The U.S. has taken a first step toward a potential challenge of Canada's digital services tax on large foreign technology companies under the North American trade deal.
CPA Practice
AUGUST 30, 2024
Accounting and payroll software provider Patriot Software has released a new HR Center, which comes at no additional cost for its payroll and HR software customers. Powered by Miratech Mineral, a leader in HR compliance, the HR Center includes proactive federal, state, and local compliance monitoring and robust HR tools, resources, and templates, the company said in an Aug. 23 press release.
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Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.
Accounting Today
AUGUST 30, 2024
The IRS has received over 800 project proposals seeking over $40 billion in credits.
CPA Practice
AUGUST 30, 2024
By Alex Tanzi Bloomberg News (TNS) The U.S. labor market is expected to grow by 0.4% a year through 2033, less than one-third of the pace in the preceding decade, according to new Bureau of Labor Statistics projections. The annual rate translates to 6.7 million additional jobs over the decade, or about 55,000 a month, the BLS said in a report published Thursday.
Going Concern
AUGUST 30, 2024
Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you’re here, subscribe to our newsletter to get the week’s top stories in your inbox every Tuesday and Friday. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default.
Accounting Today
AUGUST 30, 2024
Vice President Kamala Harris said she would unveil a proposal to provide a tax credit for new small businesses next week, as she visited a local gift and kitchen supply store in Georgia.
Speaker: Anna Tiomina, MBA
AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?
Accounting Today
AUGUST 30, 2024
As the presidential campaign heats up and with a hotly anticipated debate coming between Vice President Kamala Harris and former President Donald Trump, a tax expert is weighing in with his thoughts about the child tax credit and other proposals.
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