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: Melissa Hurrington
Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.
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
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.
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.
Speaker: Yohan Lobo
In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.
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.
Accounting Today
AUGUST 30, 2024
Transfer pricing, Pillar Two, GLAM and more are important considerations.
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
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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Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.
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.
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.
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 IRS has received over 800 project proposals seeking over $40 billion in credits.
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Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, emails, and shared drives no longer need to slow you down. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.
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.
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.
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.
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: Susan Richards
Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.
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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