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Friday Footnotes: Big 4 Nixes Legal Practices; EY Looks the Other Way; Auditors Get Lectured Again | 10.14.22

Going Concern

Big Four Audit Giants Shut Down Legal Operations in China Following ‘Regulatory Raids’ [ Law.com ]. The Big Four auditing giants have quietly shut down their legal affiliations in China following intense regulatory scrutiny, according to an investigation by Law.com International, in a major development for Asia’s legal industry.

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How to Use ChatGPT to Create Forms and Templates for Accounting Firms

CPA Practice

Here is the answer I got (since ChatGPT is nondeterministic, you won’t get the exact same answer I got.): For a CPA (Certified Public Accountant) firm, creating and utilizing various forms and templates can significantly streamline practice management tasks. I asked ChatGPT what forms it recommended for a CPA firm.

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Top Remote Accountants of the Week | October 3, 2024

Going Concern

ACCOUNTING CANDIDATES FTE Accounting and Audit Senior/Manager | Candidate ID # 22561641 Certifications: CPA Education: BBA Accounting and Finance Experience (years): 15+ years of experience in audit, accounting and finance Work experience(detail): 6 years in public accounting Director level in Accounting Services Managed staff of up to 8 in both US (..)

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Los Angeles Tax Services – Local tax firm serving all Southern California

MyIRSRelief

Investors may use this method if they are trying to reduce tax liabilities in a legal manner. Long-term Tax Planning – This type of planning is utilized at the beginning of the financial year. It is important to invest in tax-saving tools at the beginning of a financial year. This can save you from legal liabilities.

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The Pivotal Role of Audit Professionals in AI Integration

CPA Practice

Auditors, who by nature and training have extensive experience examining financial statements, evaluating control systems and identifying discrepancies, are ideally suited to navigate this complexity. Auditors’ proficiency in validating data ensures the reliability and accuracy of financial information.

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How Much Is a Tax Consultant?

xendoo

They will have an in-depth knowledge of legalities surrounding the business structure of an entity and the deductions that may be available to a given company. . While an accountant may have some tax training, their understanding is typically more basic unless they specialize in tax accounting.

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Monday Morning Accounting News Brief: ‘Auditors Are Not Lawyers’; Big 4 Break Up? | 7.31.23

Going Concern

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.

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