Fri.Aug 30, 2024

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Top Ways to Detect Fraud in Companies

FraudFiles

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, [.

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Let’s Critique This Guy’s Five Steps For Business Leaders to Address the Accountant Shortage

Going Concern

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.

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One-Fourth of Accounting Professionals Want More DEI Activity

CPA Practice

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

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Tech news: CohnReznick touts new digital forensics lab

Accounting Today

Plus, Crowe solution streamlines financial spreading process; Patriot Software releases new payroll, compliance tools; and other accounting tech news.

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Amanda Adams, Fractional CFO, CPA

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

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Review of CCH AnswerConnect Tax Research- The Accounting Technology Lab Podcast – Sept 2024

CPA Practice

Hosts Randy Johnston and Brian Tankersley, CPA, review CCH AnswerConnect. CCH AnswerConnect is backed by the trusted CCH editorial team of CPAs and tax law experts, and designed to deliver comprehensive answers and information as an all-in-one tax research tool. Use the video player below to watch, or the podcast player below to listen to the podcast. – Or use the below podcast player to listen: – Transcript (Note: There may be typos due to automated transcription errors.

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On the move: Herbein names client experience manager

Accounting Today

OSCPA makes 66th Hall of Fame induction; CohnReznick opens digital forensic lab; and more news from across the profession.

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Corporate Finance and Financial Planning and Analysis Frequently Asked Questions

Cherry Bekaert

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.

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Construction Business Continuity - From Labor To Legacy

Randal DeHart

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.

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IRS hasn't ensured audits remain low for taxpayers under $400K

Accounting Today

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.

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Applications Open for Qualifying Advanced Energy Project Tax Credit

CPA Practice

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.

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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Deloitte rower earned gold at Paris Olympics

Accounting Today

Olli Zeidler was one of 10 Deloitte professionals who competed at the 2024 Olympics and Paralympics.

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SOX Compliance Checklist

Cherry Bekaert

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

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US seeks dispute consultations on Canada's digital services tax

Accounting Today

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.

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What is a Payslip? Definition & requirements in the UK

Accounting Insight

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.

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Back to Basics with Reconciliations

Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.

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The Fundamentals: Tax research software

Accounting Today

In this installment of The Fundamentals, we asked firm leaders and tech experts the basics of selecting a tax research solution.

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Celebrating Labor Day Monday 9/2/2024

Insightful Accountant

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.

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Patriot Software Adds Free HR Center For Users

CPA Practice

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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2025 tax planning: The four boxes you need to check

Accounting Today

Transfer pricing, Pillar Two, GLAM and more are important considerations.

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Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth

Speaker: David Warren and Kevin O’Neill Stoll

Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng

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U.S. Workforce Expected to Expand By 0.4% a Year in Coming Decade

CPA Practice

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.

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Advanced Energy credit applications open for next step

Accounting Today

The IRS has received over 800 project proposals seeking over $40 billion in credits.

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Friday Footnotes: CPAs Need to Get Contemporary; Internal Audit Priorities for 2024; A PwC Comic Book? | 8.30.24

Going Concern

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.

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Harris to propose tax credit new small businesses

Accounting Today

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.

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Harness the Potential of Your Enterprise Knowledge

The first Market Momentum Index: AI and Unstructured Data Management, conducted by Deep Analysis with support from AIIM and M-Files, surveyed 500 enterprises across various industries to assess their readiness to employ AI. The results reveal that AI is already far more embedded into organizations' operations than previously realized. These findings and more insights have been brought to you in the "Market Momentum Index: AI and Unstructured Data Management.

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Tax issues spark Harris campaign

Accounting Today

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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