CPA Practice

DECEMBER 22, 2023

One of the primary ways companies can protect against cash misappropriation is through establishing proper oversight of employees who have access to bank information, record sales, accept and deposit cash receipts, reconcile bank accounts and enter/approve new vendors. Furthermore, these policies and procedures should be regularly enforced.

Expense Reimbursements 117

Expense Reimbursements payroll general ledger financial statements 117

CPA Practice

APRIL 9, 2024

Another significant concern is the emergence of malware strains like AsyncRAT, which we’ve seen a rise of this year, as they grant attackers remote access to compromised systems. Use secure file storage solutions with encryption capabilities to store tax returns, financial statements, and other confidential information.

cpas 118

cpas Tax cpa firm tax return 118

Going Concern

MAY 10, 2023

Her statement and a little backstory on why these results are important is below. The PCAOB did however issue a statement on December 15, 2022 announcing that inspectors gained complete access to inspect and investigate Chinese firms for the first time in history. PCAOB inspectors found Part I.A

audit 95

audit auditor financial statements Account 95

CPA Practice

MAY 10, 2023

This law aims to level the playing field for all cannabis businesses,” Singleton said in a statement shortly after the bill became law. “It The NJCTA also released a statement supporting the normalization of the industry. Gaining access to capital has been one of the primary challenges of the cannabis industry.

New Jersey 135

New Jersey Tax income tax Legal 135

ThomsonReuters

AUGUST 25, 2022

QUESTION: Many of our employees do not have computer access for their jobs. ANSWER: In general, welfare plan SPDs (and other ERISA disclosures) may be furnished electronically to employees without work-related computer access if certain requirements are met, including obtaining the employee’s consent.

Tax 98

Tax Account accountant accounted 98

Acterys

JULY 12, 2023

In the dynamic world of finance, where strategic decisions shape the course of businesses, mastering vertical analysis can help you simplify your statement, make critical financial decisions, and understand the underlying composition and trends that drive your business’ financial performance. What is vertical analysis?

financial statements 130

financial statements accounting and finance accounts payable Sales 130

Basis 365

APRIL 10, 2024

This practice encompasses a broad spectrum of services, ranging from basic transaction coding and bank reconciliations to managing accounts payable/receivable and preparing financial statements. Cost Efficiency is a Primary Advantage One of the most compelling arguments for outsourced bookkeeping lies in its cost-effectiveness.

bookkeeping 59

bookkeeping accounts payable bookkeeping services financial statements 59

AccountingDepartment

MARCH 28, 2024

They generate income statements, balance sheets, cash flow statements, and other financial reports using professional accounting software, such as QuickBooks or NetSuite. However, compiling and analyzing financial data can be challenging and time-consuming.

Account 85

Account accountant accounted NetSuite 85

MineralTree

OCTOBER 5, 2023

Its primary purpose is to ensure the accuracy and completeness of financial records so that financial statements can be prepared for internal and external reporting purposes. The process involves a series of steps and tasks that are designed to reconcile financial accounts, verify transactions, and produce accurate financial statements.

AP Automation 76

AP Automation accounts payable AP Processes accounting and finance 76

Reckon

MARCH 20, 2024

If you’re either already running your own business or gearing up – one of the more important statements you can produce is a cash flow statement. Continuous learning is key to successful financial decision makingContinuous learning is key to successful financial decision making What’s a cash flow statement?

accounting software 52

accounting software accounting and finance Finance Maine 52

CPA Practice

MARCH 1, 2024

The PCC also advises the FASB on possible alternatives within Generally Accepted Accounting Principles (GAAP) to address the needs of users of private company financial statements. Stakeholders can access the full request for public input here. chair and senior partner at PwC, said in a written statement. “We

accounting principles 52

accounting principles Virginia financial statements accounting standards 52

CPA Practice

APRIL 10, 2024

Erica Williams “The PCAOB will not tolerate cheating nor any other unethical behavior, period,” PCAOB Chair Erica Williams said in a statement on Wednesday. In a statement, KPMG Netherlands CEO Stephanie Hottenhuis said, “The conclusions are damning, and the penalty is a reflection of that.

audit 52

audit Account accountant accounted 52

MazumaBusinessAccounting

MAY 31, 2022

Have you ever wondered how long to keep important financial records such as receipts, bank statements, and credit card bills? At Mazuma, our accounting experts help our clients save and organize important financial information in a secure online portal so the information never gets lost and is easily accessible. You’re not alone!

tax return 98

tax return Real Estate Tax audit 98

Cherry Bekaert

JANUARY 19, 2023

Contributor: Jack McKee, Manager | Government & Public Sector Governmental Accounting Standards Board (GASB) Statement 96 provides guidance and addresses how the costs and investments for subscription-based information technology arrangements (SBITAs) are accounted for and disclosed by governmental entities. What is a SBITA?

Technology 98

Technology Government accounting standards financial statements 98

Withum

DECEMBER 19, 2023

As these companies gain traction and seek external investments, audited financial statements play a crucial role in instilling trust among stakeholders, investors, and potential partners. 10 Key Steps Here are the key steps startup e-commerce companies can take to prepare for their audited financial statements.

E-commerce 59

E-commerce financial statements audit auditor 59

CPA Practice

APRIL 25, 2024

Flanagin was charged with seven counts of wire fraud, four counts of bank fraud, two counts of false statements and six counts of money laundering, a news release from U.S. Farms and had access to the company’s bank accounts and payroll, according to a news release. Attorney’s Office for the District of Kansas said.

Kansas 52

Kansas CPA Construction payroll 52

Going Concern

JANUARY 30, 2024

Spotted on JD Supra , SCP&H filed a notice of data event with the Attorney General of Montana on January 24, 2024 [ PDF ] that states the firm discovered “unauthorized access to the firm’s email tenant and storage site” from June 6, 2023 to July 12, 2023. What Information Was Involved? What We Are Doing.

accounting firms 97

accounting firms Account accountant accounted 97

CPA Practice

NOVEMBER 14, 2023

Features include automated bank feeds, bank reconciliation, financial statements, 1099 tracking, and a seamless transition to tax preparation. Expanded Roles and Permissions: As accounting firms grow and serve more complex clients, more granular and customizable roles and permissions are needed to access the books of the firm and clients.

quickbooks 119

quickbooks E-commerce Approval Workflows Account 119

Xero

DECEMBER 17, 2023

Today, we’ve announced a new partnership with Flinks , which will give you access to more than 20 high-quality bank feeds in Xero. As Flinks connects to more banks with direct API connections, you’ll get access to those bank feeds once they’re available. The best news? So it’s a huge time saver.

accounting and finance 82

accounting and finance Finance Account accountant 82

Going Concern

APRIL 12, 2024

Williams made the following statement today at a virtual press conference: Since 2021, the PCAOB has sanctioned nine registered firms for exam cheating. electric carmaker Tesla, has failed to properly reflect fines in its financial statements and was issued a “qualified opinion” from an accounting firm on April 10.

CPA 87

CPA auditor Tax audit 87

Cherry Bekaert

MARCH 15, 2024

In an increasing digital world, service organizations need to operate in a way that protects their data and their customers’ data from unauthorized access, preventing security breaches and other cyber vulnerabilities. Technology services users need to understand the controls implemented to safeguard their data and financial statements.

financial statements 52

financial statements Technology 52

CPA Practice

JANUARY 23, 2024

“We are pleased to provide to FASB stakeholders the first of our three new websites,” FAF Executive Director John Auchincloss said in a written statement. “We We are confident that they will appreciate the many improvements we made and how much easier it is to access important information.”

accounting standards 64

accounting standards Legal financial accounting Account 64

FusionCPA

OCTOBER 1, 2020

Hence, for small business bookkeepers, your banking statement is one of the easiest ways they can gather information relating to your income, expenses, and cash flow. Giving your outsourced accountant full-access to your bank account, however, can bring about some risks for your business.

business accounting 98

business accounting Account accountant accounted 98

CPA Practice

MAY 10, 2023

These were the PCAOB’s very first inspections of Chinese-based audit firms— the audit regulator secured complete access to inspect and investigate registered public accounting firms headquartered in mainland China and Hong Kong last year, ending a decades-long stalemate. Without access to these companies’ books, the U.S.

audit 111

audit auditor financial statements public accounting 111

CPA Practice

FEBRUARY 9, 2023

Streamlined access to subscribe to auditors-as-a-service within the AuditFile software gives CPA firms and companies the means to quickly scale up personnel by bolting on U.S. Our auditors-as-a-service model brings firms instant and flexible access to our U.S.

audit 105

audit auditor cpa firm CPA 105

xendoo

MARCH 17, 2022

Small business owners around the world are migrating to cloud-based bookkeeping software to keep their financial records and reports organized and accessible. The bookkeeper will have view-only access to the business owner’s bank account, to reconcile business transactions during the monthly close process. 24/7 Financial Visibility.

bookkeeping 98

bookkeeping bookkeeping software quickbooks bookkeeping services 98

CPA Practice

MARCH 26, 2024

It’s going to have to open its payment systems to other providers and it’s going to have to make sure that people who use other devices have basically a comparable access to convenience and service.” Apple said that the judge’s ruling “confirms that it is not anticompetitive” in a statement released to Reuters.

Gaming 116

Gaming Non-Profits Technology California 116

CPA Practice

JANUARY 9, 2024

In these scams, fraudsters pretend to be actual taxpayers seeking help with their taxes and use emails to try to obtain sensitive information or gain access to tax professionals’ client data. Cybercriminals try to capitalize on tax season by masquerading as real taxpayers looking for help.

Tax 101

Tax tax preparation tax return CPA 101

Going Concern

SEPTEMBER 25, 2023

In that capacity, Urban was responsible for maintaining the company’s general ledger, preparing financial statements, and reconciling the company’s accounts payable and receivable and bank statements. William Eric Fulton, 59, of Agoura Hills, pleaded guilty to one count of making false statements.

tax preparation 84

tax preparation Gambling Account accountant 84

Basis 365

FEBRUARY 15, 2023

Tax Accounting duties Tax accountants verify a company's financial statements throughout the year and prepare the final reports necessary to file the company's annual tax returns. You could lose real-time access to your cash flow and other financial data. As a result, many accountants need to be more focused during tax season.

bookkeeping 97

bookkeeping tax accountant Tax Account 97

CPA Practice

MARCH 11, 2024

“For over a decade, credit card giants have been exploiting a loophole to harvest billions of dollars in junk fees from American consumers,” Rohit Chopra, the CFPB’s director, said in a statement. Consumer Bankers Association (CBA), another banking industry trade group also weighed in against the rule. Visit Bankrate online at bankrate.com.)

Legal 103

Legal Account accountant accounted 103

CPA Practice

MARCH 21, 2024

The PCAOB found that Choi, Ma, and Dong violated PCAOB standards in connection with KPMG Huazhen’s audit of the 2017 financial statements of Tarena International, a mainland China-based education service provider listed in the U.S. The PCAOB will take action to protect investors in U.S.

audit 52

audit public accounting financial statements Education 52

ThomsonReuters

JULY 25, 2023

Reduction in manual errors: Automation can help eliminate the risk of human error that can occur with manual data entry, leading to more accurate financial statements.

tax preparation 98

tax preparation Technology Tax accounting firms 98

Cherry Bekaert

APRIL 9, 2024

Small Entity Compliance Guide for Beneficial Ownership Information Access and Safeguards Requirements The U.S. Also watch the overview video.

Real Estate 52

Real Estate accounting and finance Finance Legal 52

CPA Practice

FEBRUARY 21, 2023

This capability is another step forward by the IRS to help taxpayers and improve service,” IRS Acting Commissioner Doug O’Donnell said in a statement. Taxpayers who receive one of the following notices with the link and access code can choose to upload their documents: CP04 , relating to combat zone status.

income tax 110

income tax Tax online accounting Account 110

Going Concern

JUNE 26, 2023

Statement from the firm coming soon. Update: A KPMG spokesperson issued this statement: “We remain confident in our growth prospects as we continue to compete and win in the marketplace. We are focused on supporting our impacted colleagues with severance, access to healthcare and well-being benefits, and career transition services. “We

audit 141

audit Healthcare Tax Start-ups 141

Accounting Insight

FEBRUARY 13, 2024

Lightyear customers can now access a fully functional web app from signing up, to investing and managing their portfolios – meaning new users no longer need to download the mobile app to get started. The screeners – a directory of instruments with metrics and data – is completely available to the public.

Education 59

Education Start-ups Account accountant 59