CPA Practice

JULY 9, 2023

Advantage Audit is an audit planning aid and audit program series designed to help auditors comply with risk-based professional standards in a straightforward and efficient manner. Tailored specifically for accounting professionals, this technology assists users across all attest areas. AuditFile, Inc.,

audit 111

audit auditor Technology financial statements 111

Going Concern

MAY 2, 2024

Struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? With our Always-On Recruiting service, access a pool of skilled remote accountants without any upfront costs. Accountingfly can help!

Real Estate 57

Real Estate Account accountant accounted 57

CPA Practice

JANUARY 17, 2024

Drawing inspiration from the customer-centric and digital experiences offered by modern companies, CPAClub was driven to address the profession’s staffing shortages and streamline outdated processes by upending the traditional CPA firm model. Traditional CPA and consulting firms’ approaches have become outdated and ineffective.

CPA 40

CPA cpa firm audit auditor 40

CPA Practice

FEBRUARY 23, 2024

Auditors are poised to become crucial facilitators in the accounting and finance function’s adoption of AI and large language models (LLMs). Auditors are the Keystone for AI Integration The successful integration of AI has one essential requirement—a nuanced understanding of the model’s data origins and its interpretations.

audit 114

audit auditor accounting and finance Technology 114

Going Concern

SEPTEMBER 20, 2023

Just kidding, it’s a guest post from Parker Skaats, CPA, an experienced government worker who’s here to pitch the joys of government work to the unwashed overworked masses. It’s not just about financial statements and ledgers. But in the halls of government auditing, the CPA is not all that common.

Government 123

Government audit CPA auditor 123

Going Concern

MAY 5, 2022

Here’s a 2015 AICPA article that sort of cosigns my foggy recollection : The profession’s focus on the CPA pipeline has long been a priority. That will continue, with new approaches to attracting, engaging and inspiring the future generation of CPAs. Building relationships with academics. What can we extrapolate from this?

auditor 52

auditor audit cpas CPA 52

Going Concern

MAY 13, 2024

AT&T is coming for your recruits : AT&T Woos Accounting Students, Bypasses Big Four Training Ground AT&T Inc.’s ’s top accountant is confronting a competitive job market by rethinking the company’s traditional reliance on large CPA firms as a training ground for new hires, taking her recruiting pitch on-campus instead.

Oregon 96

Oregon Account accountant accounted 96

CPA Practice

AUGUST 15, 2023

Snodgrass —failed to obtain audit committee pre-approval in connection with providing audit and/or non-audit services to issuer audit clients, in violation of PCAOB Rule 3520, Auditor Independence , and for two of the three firms (BPM and Plante Moran) PCAOB Rule 3524, Audit Committee Pre-Approval of Certain Tax Services. 9: Blue & Co.

audit 98

audit auditor accounting firms cpas 98

Going Concern

SEPTEMBER 29, 2023

CPA Exam Friendly reminder, deadlines to apply for BEC before the new exam in 2024 are quickly approaching. CPA Exam Candidates: You Better Hurry Up and Apply For BEC Before It’s Gone Forever Also, WTF? CPA Exam Candidates: You Better Hurry Up and Apply For BEC Before It’s Gone Forever Also, WTF? Did Exam Costs go up?

auditor 109

auditor audit New York CPA 109

Withum

MAY 21, 2024

An example of this is when Silicon Valley Bank failed, and I was able to “teach” the real meaning and application of Fair Value accounting, which is usually a hard concept for students and, as I have shown, even for experienced auditors to understand. Buy it, read it and enjoy it!

financial statements 59

financial statements audit auditor public accounting 59

Withum

OCTOBER 12, 2023

Public accounting is a great profession performing a vital function for businesses, not-for-profit organizations and individuals in many different areas of the overall economy. My career was spent as a certified public accountant (CPA) and it was extremely rewarding since I was able to help many clients in many different situations.

cpas 45

cpas double entry bookkeeping auditor financial statements 45

Going Concern

APRIL 12, 2023

Bloomberg has reported that Silicon Valley Bank auditors KPMG have been sued — along with underwriters Goldman Sachs, Bank of America, and Morgan Stanley — after SVB’s spectacular collapse on March 10. The complaint appears to be the first to target the bank’s auditors and underwriters. We knew this was coming.

audit 109

audit auditor financial statements payroll 109

Withum

FEBRUARY 23, 2022

The AICPA Statement on Auditing Standards (SAS) No. The AICPA Statement on Auditing Standards (SAS) No. In 2015, the DOL’s Employee Benefits Security Administration (EBSA) published a study that examined the quality of audit work performed on employee benefit plans by independent qualified public accountants.

audit 84

audit auditor financial statements public accounting 84

CPA Practice

JUNE 30, 2023

Tailored specifically for accounting professionals, this technology assists users in all attest areas. The integration enables auditors to leverage the power of AI to complete attest procedures, analyze large amounts of financial data, prepare financial statements, and aid in the assessment of risk.

Technology 52

Technology audit auditor financial statements 52

Withum

JULY 12, 2023

Whatever the case may be, you may need an audit of your financial statements. If you have been tasked to communicate with the auditors, you are aware of the many emails, phone calls, and documents that flow back and forth from the beginning to the end of the audit. Why these three documents?

audit 52

audit auditor Real Estate financial statements 52

Going Concern

JANUARY 8, 2024

Refresher: Municipalities across the US are at risk of having their credit ratings downgraded or withdrawn by S&P Global Ratings because staffing shortages have delayed financial disclosure documents. That’s the most since at least 2018, and materially higher than the prior five-year average of 95 such moves, according to S&P data.

Wyoming 125

Wyoming audit Government Montana 125

Going Concern

SEPTEMBER 25, 2023

According to allegations in the indictment, from January 2019 to June 2022, Urban was employed as a senior staff accountant for a Charlotte-based company. Accountant charged with falsifying signatures on audit documents [ Australian Securities & Investments Commission ] Stephen Robert Allen, the sole director of K.H.N

tax preparation 104

tax preparation Gambling Account accountant 104

CPA Practice

APRIL 10, 2024

The Public Company Accounting Oversight Board (PCAOB) issued a pair of proposals on April 9, one of which would require audit firms to publicly disclose several metrics —including the involvement of partners and managers on an audit, auditor workload, and auditor turnover—on a new form that would be accessible to investors.

audit 52

audit auditor public accounting accounting firms 52

Going Concern

NOVEMBER 11, 2022

‘There’s definitely an accountant shortage out there’: MBAs have become the go-to degree and companies are struggling to hire enough CPAs [ Fortune ]. Accounting is difficult,” he says. It’s just a tough subject area, and you need a fifth year of college education to qualify to sit for the CPA exam.

audit 98

audit auditor Louisiana cpas 98

Going Concern

JULY 28, 2023

INSIDE Public Accounting Releases Its Annual Rankings and Analysis of the Nation’s Largest, Fast-Growing Public Accounting Firms [ INSIDE Public Accounting ] “The labor shortage is a major driver behind the behavior of the IPA 100 firms,” says Charles Hylan, managing director at The Growth Partnership, IPA’s parent company.

Gambling 98

Gambling audit Technology accounting firms 98

ThomsonReuters

JANUARY 18, 2024

Jump to: What are the roles and responsibilities for accountants? Accountant vs. CPA vs. tax preparer: What are the differences? GAAP and AICPA What issues should accountants be aware of in the profession? How can accountants be more efficient? Accountant responsibilities extend far beyond number crunching.

Account 59

Account accountant accounted tax preparation 59

Going Concern

FEBRUARY 9, 2024

Birthdays A CPA Firm Celebrates a Century in Business [ The CPA Journal ] In today’s climate of accounting firm mergers, it is worth recognizing when a CPA firm has managed to remain independent and partner-owned for 100 years. researchers surveyed financial executives (e.g., “Win big?

Technology 102

Technology Colorado audit cpa firm 102

Going Concern

APRIL 15, 2024

In response, the Public Company Accounting Oversight Board has drafted a rule that the accounting firms can have public trust or private financials—but they can’t have both. Public accounting firms operate in a unique space in our society. But what about the books of the auditor?

audit 62

audit Account accountant accounted 62

Going Concern

SEPTEMBER 22, 2023

Under his leadership, the Division of Finance has enhanced university business practices and transformed several financial and business information systems to improve customer service for faculty, staff, and students. Both Mendlowitz and his father, also a CPA, attended the CUNY school. Williams said in a news release.

audit 107

audit accounting and finance Virginia auditor 107

Going Concern

NOVEMBER 18, 2022

KPMG has been blocked from winning new audit contracts in Abu Dhabi after regulators removed the Big Four firm from the list of accountants authorised to sign off companies’ financial statements. After 1,600 auditors combed through DOD’s $3.5 Teaching Accounting Students an Alphabet Soup of Technology [ The CPA Journal ].

Technology 96

Technology audit auditor accounting and finance 96

Going Concern

APRIL 15, 2022

More Predictions about the Profession’s Future [ The CPA Journal ] Writes Yigal Rechtman, CPA, CFE, CITP, CISM: The current impediments to growth are mostly driven by the perception of prospective entrants to the CPA profession. For example, every startup would benefit immensely from having a CPA among its founders.

accounting firms 52

accounting firms audit Account accountant 52

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. auditors to inspect the records of U.S.-listed

audit 111

audit auditor financial statements public accounting 111

Withum

DECEMBER 12, 2023

Certified Public Accountants (CPAs) are the trusted providers of most companies for financial auditing and have been supporting the assurance of non-financial ESG and climate information for decades. Future-looking information: Financial statements usually just look at the previous fiscal years’ balance sheets.

audit 59

audit cpas Account accountant 59

CPA Practice

SEPTEMBER 26, 2023

By using generative AI, routine accounting tasks such as data entry, account reconciliations, and financial statement preparation can be further automated. The FinTech Flo Podcast: A podcast co-hosted by FloQast CEO Mike Whitmire, discussing trending news and media in the accounting and fintech world.

Entertainment 40

Entertainment accounting and finance audit Technology 40

CPA Practice

SEPTEMBER 14, 2023

By using generative AI, routine accounting tasks such as data entry, account reconciliations, and financial statement preparation can be further automated. The FinTech Flo Podcast: A podcast co-hosted by FloQast CEO Mike Whitmire, discussing trending news and media in the accounting and fintech world.

Entertainment 40

Entertainment accounting and finance audit Technology 40

CPA Practice

SEPTEMBER 5, 2023

AICPA News is a roundup of recent announcements from the American Institute of Certified Public Accountants. The practice aid, Accounting for and Auditing of Digital Assets , is intended to provide nonauthoritative guidance on how to account for and audit digital assets under U.S.

audit 59

audit cpas auditor accounting principles 59

FraudFiles

NOVEMBER 5, 2020

Are you a CPA who wants to become an expert witness? Lawyers are always on the lookout for financial experts who can help them win cases. Virtually all civil suits involve issues about money, and a certified public accountant is one of the best resources for sorting out the financial details. Know What You Know.

audit 52

audit CPA income tax auditor 52

Going Concern

JUNE 23, 2023

Talent How Can the Accounting Profession Attract a Diverse Generation Z? [ The CPA Journal ] Generation Z is beginning to enter the workforce, bringing with it a demographic shift that will affect every facet of American society, including the accounting profession. My concern is that it goes beyond KPMG.”

cpa firm 104

cpa firm CPA auditor North Carolina 104

Going Concern

JANUARY 20, 2023

Practice Management How firms use stay interviews to boost retention [ Journal of Accountancy ] Job interviews have long been an essential part of the hiring process. But now, some public accounting firms are turning the lens on themselves.

auditor 98

auditor Technology audit financial statements 98

Going Concern

MARCH 1, 2024

Accountant Shortage There are 340,000 Fewer Accountants, and Companies Are Paying the Price [ Bloomberg ] Aspiring accountants essentially need five years of college to earn a Certified Public Accountant license. Audit Deficiencies by Accounting Giants Grew in Latest Inspections, U.S.

audit 109

audit Nebraska auditor chartered accountant 109

Going Concern

DECEMBER 8, 2023

Pipeline The AICPA and NASBA’s Inadequate Response to Reaching 150 Hours [ CPA Journal ] The 150-hour requirement is a considerable barrier for students wanting to become a CPA or considering accounting as a major, even if it is not the dominant barrier. hours), and quality of work performed as leading barriers.

cpas 116

cpas Account accountant accounted 116

Going Concern

OCTOBER 11, 2022

note: the following is penned by Bob Jennings CPA, EA for his Taxspeaker.com newsletter. Small business has unique needs for accounting services: primarily tax and advising, and secondarily day-to-day accounting needs to act as de-facto controllers and decision makers. September 29, 2022. June 17, 2019.

Education 103

Education Account accountant accounted 103