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When Is the Right Time to Leave Public Accounting?

Going Concern

When I started in public accounting, one of the audit partner s I worked with shared the elevator metaphor: working in public accounting is like riding an elevator—the longer you stay on, the higher up you will go. Side note : this is how about half the partners in public accounting became partners.).

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Lovesac to Pay SEC $1.5 Million to Settle Claims of Hidden Expenses

CPA Practice

In mid-August 2023, Lovesac submitted a filing to the SEC that disclosed that its previously filed financial statements for the 2023 fiscal year and first quarter of 2024 were no longer reliable, according to the lawsuit. The company then restated those statements. Meanwhile, Lovesac continues to expand its reach.

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Friday Footnotes: The ERC Problem; EY Double Dips; Stress Less in Public Accounting | 5.26.23

Going Concern

The bitcoin mining company “dismissed” its previous accounting firm Marcum on May 18, appointing Deloitte to take its place. Marcum had audited Riot’s consolidated financial statements for the fiscal years between 2018 and 2022. The post Friday Footnotes: The ERC Problem; EY Double Dips; Stress Less in Public Accounting | 5.26.23

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Top Remote Accountants of the Week | November 27, 2024

Going Concern

TAX CANDIDATES FTE Tax Senior | Candidate ID #9084031 Certifications: CFE, CPA Education: BS, MS Accounting Experience (years): 20+ years of tax and accounting experience Work experience (detail): 5+ years in public accounting Controller experience with multiple entities 5+ years in senior tax roles Client tax advisory, planning and resolution Client (..)

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Be an Odd Duck: Work on, Not in Your Public Accounting Practice

Speaker: Tom Bowman, CPA of Bowman & Company

Owners of Public Accounting firms are always telling their clients to work on their business and not in their business, yet many times do not take their own advice. It is possible to run an Accounting Firm and never do tax returns or financial statements! May 11, 2021 at 11:00 am PDT, 2:00 pm EDT, 7:00 pm GMT.

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Friday Footnotes: PwC Completes Its Punishment; Hybrid Work Should Stay in 2025; Deloitte Clutters Up the Dark Web | 1.3.25

Going Concern

Practice Management Vision, Mission and Values: The Missing Links in Most Firms Strategic Planning [ INSIDE Public Accounting ] Small firms arent doing it. But in recent months, local governments have been waiting longer and paying more for required financial statements. Now certified public accountant Christopher L.

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The AICPA Gets Around to Looking Into If This Whole Private Equity Thing Requires New Independence Rules

Going Concern

Network firms are subject to independence requirements for financial statement audit and review clients. Its crucial, however, to make sure integrity of the attest function is not compromised and that the public interest is protected.

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