Going Concern

DECEMBER 19, 2023

445 professional staff — 93 percent auditors and seven percent tax and advisory — participated in answer sharing during mandatory, open-book internal training assessments between 2016 and 2020. From at least 2016 to early 2020, more than 1,200 PwC Canada personnel were involved in improper answer sharing related to training tests.

auditor 90

auditor audit CPA Government 90

Withum

APRIL 24, 2024

General Discontinuation and Support QUESTION ANSWER Is there a way to save my data when I close the QBD license if I don’t move to QBO? Comparisons and Alternatives QUESTION ANSWER Are there any non-subscription-based software packages recommended? You will be able to back up your data as backup file. Contact us.

quickbooks 64

quickbooks NetSuite payroll E-commerce 64

Accounting Insight

MARCH 10, 2023

By responding to prompts, it can answer questions, create stories, and it remembers its previous responses. ChatGPT is more than willing to pontificate confidently on just about any subject. It certainly has a breadth of knowledge, but does it have any depth? A lot has been written about OpenAI’s unveiling of ChatGPT.

Account 136

Account accountant accounted Technology 136

CPA Practice

MARCH 18, 2024

So if the applicant asks that question of an HR person, it risks rubbing them the wrong way, as they likely do not know the answer. Instead, any question you ask or answer should move the interview forward so the interviewer has a good impression and sees you as qualified. Answer: “No trouble at all.”

Washington 111

Washington California 111

SchoolofBookkeeping

APRIL 26, 2024

If I talk to an expert, the answers they give me must be right because.they're an "expert," right? They are independent of that gym and not beholden to any of the prescribed workflows that are only available at that gym. The term from the outside looking in has distinct meaning.

quickbooks 98

quickbooks bookkeeping Account accountant 98

Cherry Bekaert

OCTOBER 10, 2023

Answers are limited to the following responses: Product Process Computer software Technique Formula Invention Line 50(g): Business component use? Answers are limited to the following responses: Sale Lease License Used in the taxpayer’s trade or business Line 50(h): Information about software, if applicable.

Tax 115

Tax Start-ups Sales 115

CPA Practice

APRIL 10, 2024

The PCAOB found that widespread improper answer sharing occurred in the firm’s internal training program and that KPMG Netherlands lied to the PCAOB about its knowledge of the rampant cheating. The improper answer sharing reached as far as partners and senior firm leaders, including Hogeboom.

audit 52

audit Account accountant accounted 52

DuctTapeMarketing

MARCH 15, 2021

I believe that one of the smartest things any business can do is create and perform official marketing training for everyone in the business. The ultimate goal of internal marketing is to ensure that your employees can provide value to prospects or customers because they understand and believe in your company’s brand, goals and vision.

Finance 320

Finance Gaming Sales 320

Acterys

JULY 10, 2023

The stakes are high, as any delay in decision-making can result in diminished quarterly growth, decreased market share, and potentially jeopardize job security. Best of all, it can recommend CFOs on which course of action to follow without any human input. The need for timely action has never been more paramount.

Gaming 130

Gaming accounting and finance accounting software Technology 130

TaxConnex

SEPTEMBER 26, 2023

The short answer: Maybe not. In almost all states now, any derived revenue for your company will create nexus for the company making that revenue ($100,000 revenue or 200 transactions in a year, for instance). Clearly – and as is often the case with sales tax – there are no quick, easy answers.

Sales 202

Sales Tax South Dakota Colorado 202

Going Concern

APRIL 20, 2023

Today we’ve learned there’s one more can: it CAN answer tax questions and be broadly correct 84.19% of the time. From there, actual human professionals fact-checked the answers. ” Feel free to give it a spin yourself , just remember not to input any PII. “It far exceeded my expectations,” he said.

Tax 85

Tax Real Estate CPA Technology 85

BuildYourFirm

MARCH 24, 2021

” If you answered yes, enter your complete business address , including a suite number if applicable. Any inconsistency will negatively impact y our business in Google’s algorithm. Any inconsistency will negatively impact y our business in Google’s algorithm. Ask and Answer Questions on your Google Listing.

Account 224

Account accountant accounted cpas 224

CPA Practice

AUGUST 1, 2023

Canopy can fast-track insights by keeping data and data analysis tools all within the Canopy platform, which provides firms with a real-time pulse on their firm’s key performance indicators at any time. Users can get answers to firm-specific questions such as, “What were our most profitable service items?”

accounting firms 98

accounting firms Account accountant accounted 98

Going Concern

APRIL 20, 2024

And should any clients come across this, please remember: If your tax person isn't answering your calls and emails today, you don't have to worry. How are you now? What are you doing to decompress and rejoin the land of the living? Drop a comment or, if you prefer, shoot me an email. We're okay.

Tax 80

Tax tax preparation cpas Account 80

CPA Practice

DECEMBER 1, 2023

28 for failing to timely file a Form AP, which requires audit firms to disclose who led specific audits for the firm and whether any other firms were involved in those audits, and another three firms were fined a total of $110,000 on Nov. Since that meeting, the PCAOB fined three firms a total of $145,000 on Nov.

auditor 105

auditor audit financial statements Account 105

Acterys

FEBRUARY 27, 2023

The act of planning is a crucial component in any business approach, and companies frequently allocate ample time and resources to establish efficient plans. What’s the predicted growth rate of Product A and Product C? How will it impact the sales of Product B in the winter season?

Construction 130

Construction Technology Sales 130

TaxConnex

FEBRUARY 3, 2022

However, a more accurate answer may be ‘yes, but.’ In other words, if you answer yes to a question without providing further explanation, it is easier for the state to conclude that your company has nexus.”. Previously the answer to this would have been, probably not, but that answer is slowing evolving.

audit 173

audit Sales Tax auditor 173

Going Concern

DECEMBER 8, 2023

Asked about his vocal stance on the importance of firm culture in maintaining professionalism — which includes independence — and if there are any particular cases that make firm culture a priority now, Munter referenced numerous “troubling things” on the cheating front that have happened in recent memory.

audit 56

audit public accounting Account accountant 56

ThomsonReuters

MARCH 20, 2024

However, there is an answer: audit automation. Just enter your client’s federal award information, expenditures, and answer a few questions, and voila! Answer a few quick questions and Checkpoint Engage will automatically tailor the engagement by removing unnecessary forms and programs.

audit 52

audit auditor cpas financial statements 52

CPA Practice

OCTOBER 11, 2023

This latest feature gives users access to an intelligent assistant to provide insightful answers to tax-related questions. It will provide the answers tax professionals need when they need it.” We are excited to launch the Instead AI Tax Assistant for this reason.

Tax 52

Tax accounting firms Account accountant 52

MyIRSRelief

MAY 15, 2023

Depending on the scope of the audit, you may be required to provide additional documentation or answer questions from the auditor. You want someone who can answer your questions and keep you informed of any updates or changes. Look for reviews and testimonials from past clients to get a sense of their track record.

audit 130

audit Tax auditor tax return 130

Going Concern

APRIL 22, 2024

The PCAOB is busy going after firms for sharing answers on internal training exams anyway, who has time to figure out ways to fine audit firms for doing the minimum audit work required by existing standards. The entirety of his article is worth a read and should be passed along to any naive investors in your life.

audit 101

audit auditor financial statements Education 101

CPA Practice

DECEMBER 28, 2023

After creating an OpenAI account, users can input any text they want. ChatGPT will sometimes give the wrong answers to math problems. However, future iterations of the technology will have greater capabilities actually to answer questions. ChatGPT is deceptively simple. Most egregiously, it can be confidently incorrect.

accounting firms 119

accounting firms Account accountant accounted 119

Going Concern

JULY 17, 2023

In today’s Monday Morning Accounting News Brief (published every Monday morning at…whenever I roll out of bed), I shared this story from DutchNews about a new round of cheating of the answer-sharing variety at another KPMG arm. Per DutchNews reporting, it was a lone employee who reported answer sharing to senior management.

audit 74

audit auditor chartered accountant Texas 74

Going Concern

FEBRUARY 27, 2024

If you’re a high school student and future accounting major hoping to receive your undergraduate education from a friendly chatbot, we’re sorry to say that won’t be happening any time soon. ChatGPT received one question at a time requesting a solution.

Account 92

Account accountant accounted Construction 92

ThomsonReuters

MARCH 21, 2023

” It’s a question that is easy for you to answer, but one that has nothing to do with the work you do for the client. You probably answered it without even giving it a second thought. You may be in the habit of just answering any questions clients bring to you without positioning the firm’s advisory services.

CPA 97

CPA Tax tax return accounting firms 97

Withum

NOVEMBER 15, 2023

million pieces of correspondence, with customer service representatives (CSRs) dividing their time between answering phones and processing these documents. If you have any questions about how to respond to correspondence you received from the IRS, please reach out to your local Withum Tax Professional.

Tax 124

Tax 124

Going Concern

JULY 14, 2023

So the firms are up against the Australian Senate this week, answering uncomfortable questions about their inner workings all because one PwC partner couldn’t keep his mouth shut and blabbed confidential government tax intel back to the firm so PwC could make some money off of it. Whew, we can all go home now.

Government 86

Government Tax audit 86

Going Concern

JUNE 29, 2022

With the EY cheating scandal making headlines even outside of our precious little accountosphere we decided to take a look at the full SEC order to answer the question — how and why were EY auditors cheating on CPE exams? For example, in 2016, EY learned that professionals in its Denver office improperly shared answer keys.

auditor 107

auditor audit CPA accounting principles 107

Withum

MARCH 19, 2024

Income earned from streaming or winning a tournament is not the same as earning a paycheck in a 9 to 5, because the gamer is not an employee of any company. Streamers, however, are not standard employees of any entity and therefore don’t usually receive paychecks with any withholdings. Do you keep books and records?

Gaming 105

Gaming Tax Non-Profits income tax 105

Reckon

SEPTEMBER 25, 2023

In doing so, you’ll be looking to answer the following questions: Do you create or enter into written contracts with your customers? If you answered these three questions, your contracts are probably affected by ‘unfair contract terms’ which you need to look out for, as laid out by the ACL. If so, do you also display the full price?

Legal 52

Legal payroll Gaming Start-ups 52

Accounting Insight

FEBRUARY 14, 2024

Louise Walpole is the head of the finance sector at Moneypenny, a business focused on providing the highest levels of client care with telephone answering and live chat services to hundreds of accountancy firms and practices in the UK, including 42 of the Top 100. Answer calls promptly Phones that ring out are a turn-off.

accounting and finance 45

accounting and finance accounting firms Finance Account 45

Anders CPA

APRIL 22, 2024

Under the umbrella of production metrics, we have several Key Performance Indicators that partners can use to gauge the success of their firm at any point in time. That allows you to answer several important questions: Do you have the right number? Then, you can compare the answer to one of our other favorite metrics: pipeline.

Non-Profits 52

Non-Profits Legal CPA Maine 52

ThomsonReuters

FEBRUARY 29, 2024

Lanphier knew that the current model of just taking any business that came in the door was no longer working. Download white paper The post Spotlighting Women in Advisory Practice: Answering the call to accounting with Brittany Lanphier, CPA appeared first on Tax & Accounting Blog Posts by Thomson Reuters.

CPA 97

CPA Account accountant accounted 97

CPA Practice

MARCH 31, 2023

Privacy rules prevent government officials from discussing the specifics of any tax return. The publication’s list of billionaires who passed in 2022 doesn’t include any Americans with large enough estates. How do estate and gift taxes work? Forbes’ 2021 list does note the death of Sheldon Adelson in Jan.

Tax 132

Tax tax return income tax Pennsylvania 132

CPA Practice

JANUARY 8, 2024

The IRS said it’s committed to resolving any issues facing manufacturers, dealers, and sellers navigating the new ECO tool. Representatives from the IRS will be there to answer any questions. The agency will also be providing “office hours” this week to help dealers and sellers deal with the time-of-sale reporting issues.

Sales 112

Sales Tax tax return Manufacturing 112

CPA Practice

DECEMBER 18, 2023

“Amid a progressively weakening pipeline of new accounting talent, we believe retention will become a more pressing issue than ever before, which is why our research for this year’s Insight Special Feature set out to answer the age-old question, ‘How do we keep them?’” says ICPAS President and CEO Geoffrey Brown, CAE.

Illinois 119

Illinois CPA Account accountant 119