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Monday Morning Accounting News Brief: The Age of the Non-CPA; PwC Explains the Chevron Thing | 7.29.24

Going Concern

India Today explains why US firms love hiring accountants in India : Consequently, American firms are increasingly turning to other countries to fill the gap, particularly eyeing India for its highly skilled accounting professionals. The action reports a lengthy list of violations of Canadian Auditing Standards and PCAOB rules.

CPA 113
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Preparing for Upcoming ESG Disclosure Requirements

Withum

Companies will have to disclose specific ESG information that regulators and accounting standards require. ESG reporting standards are transitioning from the wild west to ridged government and accounting-imposed standards. Scope 3 emissions will not be subject to audit.

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Friday Footnotes: Baker Tilly Did What!?; Internship Ranking Winner Same As Last Year; Pillar II to Be a PITA | 10.25.24

Going Concern

The Tax Practitioners Board, which regulates the country’s tax agents, told parliament on Thursday it is still investigating links to overseas partners who received confidential government information as part of its ongoing inquiries into potential wrongdoing by former PwC Australia personnel.

audit 57
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GAAP: What It Is and Why Your Investors Expect It

inDinero Accounting

The history of GAAP dates back to 1929 when the Committee on Accounting Procedure was founded by the American Institute of Accountants and tasked with developing uniform accounting standards. Additionally, GAAP ensures that businesses remain compliant with government regulations regarding financial reporting.

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The Path to Sustainable Mining: Leveraging Digital Strategies to Prepare for the Future of ESG Assurance

Withum

Digital transformation is key to building a path to sustainable mining, addressing sustainability challenges and capturing meaningful, thorough ESG (Environmental, Social, and Governance) data. In today’s mining industry, the effective management of environmental, social, and governance (ESG) data is of paramount importance.

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Friday Footnotes: Looking Elsewhere For Talent; MPs Talk Private Equity Concerns; The Burnout Queen | 8.25.23

Going Concern

News US Accounting Board Looks Across the Ocean to Fill Hole in Rules [ Bloomberg Tax ] The flood of government aid that helped keep companies afloat during the coronavirus pandemic exposed a hole in US accounting rules: Businesses have no way to record the grants, loans, and tax breaks that bolstered their bottom lines.

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An Exclusive Interview with FASB Chairman Richard Jones

ThomsonReuters

He shared his thoughts about whether technology will impact the way the board sets standards and provided the most current view of the board’s work on segment reporting, goodwill, government assistance, debt, and a slew of other topics. Government Assistance, Debt, Goodwill, Segment Reporting. What are the plans for this topic?