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The Technology Lab Podcast – Review of Audit Sight – Sept. 2023

CPA Practice

Technologists Randy Johnston and Brian Tankersley, CPA, discuss Audit Sight , a technology platform that eliminates manual work for auditors, diligence and private equity providers by automating financial transaction verification. My co host and I are so pleased to be with you today as we discuss a new audit platform called Audit Site.

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The Accounting Technology Lab Podcast – Review Of AssurancePrep – April 2024

CPA Practice

Hosts Randy Johnston and Brian Tankersley, CPA, look at AssurancePrep , a practice management resource system for audit firms. And if you’re in particular working in audit, comp, and review, whether it’s internal audit or external audit, audit quality is going to come much more of an issue. And so this helps there.

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What’s new in sales tax?

TaxConnex

It did, but the South Carolina Department of Revenue later audited Amazon and found that it had failed to adequately tax sales by third-party merchants. Auditors slapped Amazon with some $12.5 million in taxes, penalties and interest for the first three months of 2016.

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Friday Footnotes: For the Last Time, Salaries Are Too Low; NOCLAR Is Back; Big 4 Beat Up Again | 3.1.24

Going Concern

Meanwhile, the audit side is under increased regulatory pressure because of perceived lapses in audit quality at accounting firms of all sizes. Audit PCAOB to Host Virtual Roundtable on NOCLAR Proposal, Reopen Comment Period Until March 18 [ PCAOB ] We’ll attend and report back. This might be good.

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Sales tax and nonprofits

TaxConnex

Exemption for a contractor providing services to a nonprofit requires specific circumstances in Tennessee. During a sales tax audit, one of the first requests from the auditor will be for copies of all exemption certificates for any exemptions claimed on sales tax returns. How important are these certificates?

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Friday Footnotes: Tim Ryan Works Too Hard; Fake CPA Gets Violent Over QuickBooks Files; PwC PR | 10.20.23

Going Concern

Tennessee’s largest CPA firm announces expansion into Kentucky [ The Tennessean ] One of the Nashville area’s top-ranked business consulting firms is expanding its services to Kentucky. LBMC is already Tennessee’s largest CPA firm, and was recently named a 2023 best tax and accounting firm by Forbes.

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

Going Concern

Under the revamp of the US firm’s leadership, John King, the head of EY’s US audit business and one of the major opponents of the spin-off, will be leaving the US executive committee, Boland told partners earlier this week. Marcum had audited Riot’s consolidated financial statements for the fiscal years between 2018 and 2022.