Going Concern

JANUARY 23, 2023

Brazilian retailer and PwC client Americanas filed for bankruptcy, its three largest shareholders said over the weekend they had not known of $4 billion in accounting inconsistencies. “We didn’t know of and would never allow any accounting manipulation in the company”, they said in a statement.

public accounting 110

public accounting Account accountant accounted 110

Going Concern

MAY 26, 2023

Audit Bitcoin Miner Riot Dumps Auditor for ‘Big Four’ Accounting Firm [ Blockworks ] Riot Platforms is looking to switch accounting firms as the landscape for crypto company auditors remains in flux. Deloitte is set to act as the mining company’s independent registered public accounting firm for 2023.

public accounting 87

public accounting Account accountant accounted 87

Going Concern

OCTOBER 20, 2023

Local CPA weighs in on accountant shortage [ WMDT ] The Salisbury, MD news spoke to a UHY partner about the issue. Accounting enrollment for the past 10 years has been declining by 16.9% LBMC is already Tennessee’s largest CPA firm, and was recently named a 2023 best tax and accounting firm by Forbes.

CPA 103

CPA quickbooks Real Estate auditor 103

Going Concern

FEBRUARY 23, 2024

Sadly, I had to argue with them over their own language in black and white on how… — Eric Pierre, CPA (@yourfavecpa) February 22, 2024 Deloitte’s Adam Powick wrestles with the complaints of former staff and directors about the pressure to perform in a gruelling corporate culture. in last 12 months.

CPA 99

CPA Illinois auditor Iowa 99

Going Concern

FEBRUARY 17, 2023

It was only a couple days ago that the Journal of Accountancy published an interview with NASBA CEO and President Ken Bishop in which Bishop sternly warns states against even thinking about lowering the CPA licensure requirement to 120 units, something something mobility blah blah. Most allow sitting with only 120 college credits.

Minnesota 111

Minnesota CPA Education cpas 111

Going Concern

JANUARY 27, 2023

Big 4 EY auditors escape potential Wirecard sanctions after leaving profession [ Financial Times ] Germany’s audit watchdog closed investigations against four current and former EY auditors involved in inspecting collapsed payments firm Wirecard after they handed back their professional licences and left the profession earlier this month.

auditor 106

auditor accounting firms Account accountant 106

Going Concern

NOVEMBER 13, 2023

EY was the subject of a Securities and Exchange Commission (SEC) order that included a number of professionals licensed as Texas CPAs who were found to have cheated on ethics exams and on a variety of other examinations required to maintain their Texas CPA licenses. The auditor’s opinion is clean.

Texas 57

Texas CPA auditor Account 57

Going Concern

JULY 31, 2023

With days to go before the end of a consultation period on the proposal from the Public Company Accounting Oversight Board, (PCAOB) they are trying to sign up their clients to oppose the plan, saying that audit fees will soar if the changes go through. The Big 4 have increased their number of new accountants over the past three years.

auditor 94

auditor Account accountant accounted 94

Going Concern

MARCH 24, 2023

Reminder: you have until April 17 to weigh in on a proposal to extend the CPA exam window Practice Is it time for firms to transform their business model? Journal of Accountancy ] Pandemic pressures have worn the workforce thin, and the economy is in the thick of rapid, radical change. Auditors have done so too.

auditor 99

auditor audit Entertainment Real Estate 99

CPA Practice

AUGUST 18, 2023

The Public Company Accounting Oversight Board (PCAOB) permanently revoked the registration of Denver-based accounting firm AJ Robbins CPA on Aug. Professional skepticism, independence, and cooperation with PCAOB inspections are fundamental to auditors’ responsibilities to protect investors.

cpa firm 52

cpa firm CPA auditor audit 52

Going Concern

JUNE 28, 2022

The SEC has fined EY a record $100 million after an investigation revealed auditors at EY were cheating on ethics exams (open book ethics exams we presume) and CPE; worse than cheating alone, they actively tried to cover it up and hide the cheating from the SEC. Well this is bad. Mind the KPMG cheating also involved ethics.

auditor 95

auditor audit CPA accounting principles 95

Going Concern

MAY 2, 2024

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Real Estate 57

Real Estate Account accountant accounted 57

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 101

cpa firm CPA auditor North Carolina 101

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 96

auditor Technology audit financial statements 96

CPA Practice

JANUARY 25, 2023

AuditClub, the Audit Service Center and creator of the innovative auditors-as-a-service model, has announced new and enhanced weekly passes that allow members to subscribe to AuditClub professionals with an experience level geared to the support they need during the upcoming busy season and beyond.

cpa firm 52

cpa firm CPA North Carolina accounting careers 52

CPA Practice

JUNE 27, 2023

The proposal includes changes to update aspects of AS 1105, Audit Evidence , and AS 2301, The Auditor’s Responses to the Risks of Material Misstatement. Since that time, public accounting firms are increasingly obtaining audit evidence by analyzing large volumes of information in electronic format.

auditor 52

auditor Technology audit financial statements 52

Going Concern

MARCH 15, 2024

Social compliance audits have become a multibillion-dollar global industry, as corporations hire firms—sometimes confidentially—to perform hundreds of thousands of workplace safety inspections each year and solve potential public relations issues when supply chain or labor matters surface. Seven percent are not sure. Education Sen.

auditor 109

auditor audit cpas Iowa 109

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

APRIL 12, 2023

By Blake Oliver, CPA, and Chris Vanover, CPA. CPAs have always been passionate about numbers, using various metrics such as revenue, profit, headcount and realization to measure success. However, this focus on numerical indicators is contributing to the decline of the CPA profession itself.

Account 136

Account accountant accounted CPA 136

Going Concern

AUGUST 31, 2023

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Account 110

Account accountant accounted CPA 110

Going Concern

JANUARY 6, 2023

2024 CPA Exam Blueprints released [ Journal of Accountancy ]. Bureau of Labor Statistics reported Friday, but employment in accounting and bookkeeping services fell by 1,100 jobs. Money Diary: A Senior External Auditor On 54k [ Refinery29 ]. Withum Acquires IPA 200 Firm [ INSIDE Public Accounting ].

cpa firm 52

cpa firm CPA New Hampshire Ohio 52

Going Concern

MARCH 31, 2023

Big 4 EY Fails to Reach Deal on Split [ Wall Street Journal ] The unexpected revolt that has upended the planned breakup of accounting firm Ernst & Young is being driven by two longtime U.S. auditors who believe their part of the firm could end up weakened by a deal. John King and Frank Mahoney, senior U.S.

auditor 103

auditor audit Virginia Technology 103

Going Concern

MAY 12, 2023

Colorado Springs accounting firm to open Denver office [ Denver Business Journal ] Stockman Kast Ryan and Co., Fired: job search or CPA exam? KPMG, PwC and Deloitte got less than 4% each, according to data from the Chinese Institute of Certified Public Accountants analyzed by Bloomberg. Is AI going to replace me? [

CPA 109

CPA Account accountant accounted 109

TaxConnex

FEBRUARY 27, 2024

More generally, accounting talent pool concerns are pressing even for accounting firms , as enrollment rates of accounting students continue to fall. The accounting education pipeline is drier than ever even as accounting degrees require many additional course hours. million accountants and auditors in the U.S.

Sales 219

Sales Tax Account accountant 219

Going Concern

APRIL 26, 2024

Accountant Shortage PIPCA Survey Sheds Light on What Existing CPAs Want and Why Some are Leaving [ INSIDE Public Accounting ] Accounting firm business models need to change to retain and attract CPAs amid the worst talent shortage in recent history, the Pennsylvania Institute of Certified Public Accountants (PICPA) asserts in a new survey.

cpas 89

cpas auditor West Virginia accounting and finance 89

Going Concern

JANUARY 12, 2024

Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. Long Reads How Auditor Deloitte Missed A Nigerian Company’s Massive Fraud [ Forbes ] Hindenburg Research, known for sniffing out corporate scams, took aim in June at an obscure Nigeria-based outfit named Tingo Group. Tingo paid $1.6

audit 99

audit auditor Illinois CPA 99

Going Concern

DECEMBER 9, 2022

Britain’s biggest companies and their auditors are playing a £10bn game of musical chairs. When the music stops we will have learnt something about how seriously we should take the Big Four accountants’ opposition to audit market reforms. The accountants argued a compulsory merry-go-round was unnecessary and would hurt audit quality.

CPA 88

CPA Florida auditor audit 88

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. The post Are Auditors Becoming as Hard to Find as a PS5?

auditor 52

auditor audit cpas CPA 52

Going Concern

FEBRUARY 16, 2024

This is according to the Illinois CPA Society (ICPAS), which surveyed 449 employers and 433 accounting and finance employees last summer and released its results last month. In the past few decades, public accounting firms have implemented work-life balance practices as part of their attempts to curb excessive turnover.

Real Estate 103

Real Estate Iowa audit CPA 103

Anders CPA

FEBRUARY 13, 2023

Generalized auditors are typically unequipped to handle the highly technical and regulated 401(k) audits. For instance, the point person for the auditor might go on maternity leave later in the year, so completing the audit before that time may be imperative. What kind of audits do they do? How many audits do they perform?

audit 52

audit CPA auditor cpas 52

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

CPA Practice

OCTOBER 10, 2023

This surge in demand for CPA services comes at a time when experienced public accountants are exploring alternative career options, and fewer graduates are entering the profession. Challenges in Public Accounting The public accounting sector faces unique challenges.

Technology 105

Technology accounting firms Account accountant 105

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

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. The 150-hour requirement for the CPA, combined with the challenges of the CPA Evolution, might have some of you rethinking your life choices.

Government 122

Government audit CPA auditor 122

Going Concern

MARCH 22, 2024

She made general manager at 29 with a CPA [ eFinancialCareers ] Many young professionals begin to eye managerial posts as they approach their 30s – but Shanny Lee (CPA, Aust.) But until a deferral is confirmed, CPAs must consider which role they will serve for clients required to file when the CTA becomes effective.

Minnesota 95

Minnesota cpas audit CPA 95

Going Concern

APRIL 22, 2024

In addition, accounting programs could be designed to develop and shepherd more students through to graduation rather than weeding out Reducing the time and cost of education — The additional educational requirements to become a CPA present a barrier for some, and NPAG has been discussing a number of options to help.

auditor 90

auditor Account accountant accounted 90