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Jeanne Dee Appointed to FASB Not-for-Profit Advisory Committee

Anders CPA

Jeanne Dee, CPA/CGMA, audit and assurance partner at Anders CPAs + Advisors (Anders), has been appointed to the Financial Accounting Standards Board (FASB) Not-for-Profit Advisory Committee (NAC) effective January 1, 2024. Jeanne also served as a board member and secretary for the Missouri State Board of Accountancy.

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Accountants Didn’t Wind Up In Court As Often In 2021

Going Concern

From the report, Accounting Class Action Filings and Settlements – 2021 Review and Analysis : Reversing a three year trend, the number of securities class action filings involving accounting allegations dropped in 2021. In 2020 there were 70 accounting-related securities class actions filed by plaintiffs.

Account 57
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Friday Footnotes: Deloitte Partner Scammed By Other Deloitte Partner; Big 4 Legal Grows; A $3.5 Billion Error | 2.17.23

Going Concern

The revelation that Mr Endow reportedly ran the fund working as a partner at the firm, one of the world’s largest accounting and consulting firms, has raised concerns across the firm’s partnership. Those creditors include the UK tax authority, HMRC. Neither KPMG nor the official receiver would confirm the size of the settlement.

Legal 96
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Fair Value Determination – Valuation Reminders

Withum

3] For 2023, deal value decreased to the lowest point since 2017, outside of the COVID lockdown in 2020. [4] Under GAAP, certain fair value determinations may be subject to audit review and potentially, review by the Securities Exchange Commission. Venture Capital deal value in Q3 2023 fell to the lowest level since Q2 2018. [1]

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Friday Footnotes: An Outsourcing Shortage Now Too?; Finally, Some Disruption; PwC Haters Celebrate Government Inquiry | 3.17.23

Going Concern

Restoring Exam credits expired during COVID would help address CPA shortage [ AICPA ] The accounting profession is confronted with a talent shortage, and reinstating CPA exam credits that have expired since January 1, 2020, could have an immediate impact on our CPA pipeline. The firm was fined about 212 million yuan ($30.8

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AICPA Dealership Conference – Updates and Takeaways

Withum

This would allow taxpayers to amend their 2020 and 2021 returns with a 481(a) adjustment and defer picking up the recapture of the LIFO reserve. However, the Taxpayer Certainty and Disaster relief Act of 2020 allowed for an exception. It is important to note that this method does increase the risk of hobby loss disallowance on audit.