Going Concern

SEPTEMBER 12, 2024

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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.

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Going Concern

OCTOBER 24, 2024

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Going Concern

AUGUST 8, 2024

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Going Concern

JULY 11, 2024

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Withum

SEPTEMBER 8, 2022

Audited financial statements are a cornerstone of the financial markets. Tonight I will conduct my second Auditing class session of this semester at Fairleigh Dickinson University, and I will be teaching what the auditor’s opinion means and what auditors do to arrive at their opinion.

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Going Concern

MAY 2, 2024

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Going Concern

MAY 16, 2024

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Going Concern

AUGUST 22, 2024

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Going Concern

MAY 23, 2024

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CPA Practice

SEPTEMBER 23, 2024

The city is a hotbed of professional services, including lawyers, consultants and the now-endangered species of certified public accountants. CPAs are essential for financial reporting, advanced tax preparation and other dull-but-important tasks that keep the economy going.

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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.

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CPA Practice

JUNE 10, 2024

In addition, Luo was punished for contributing to L&L’s quality control violations and Chow and Kinzer for violating PCAOB rules and standards on the audit of the financial statements of paper product manufacturer Sugarmade Inc. for the fiscal year ended June 30, 2021.

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Going Concern

SEPTEMBER 29, 2023

” The updated version, issued on September 28th, removes problematic language which could be construed as indicating that internal auditors are not inherently trustworthy and unable to exercise due care in the performance of their duties.

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Going Concern

SEPTEMBER 25, 2023

In that capacity, Urban was responsible for maintaining the company’s general ledger, preparing financial statements, and reconciling the company’s accounts payable and receivable and bank statements. They had to be requested from the tow companies again. Therefore, there were no controls that could be evaluated.”

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Going Concern

NOVEMBER 11, 2022

The next generation of accountants and auditors is in demand, but Ben Lansford, an accounting professor and director of the Master of Accounting program at the Jones Graduate School of Business at Rice University explained why some are hesitant. Accounting is difficult,” he says.

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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 ].

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ThomsonReuters

JANUARY 18, 2024

In general, an accountant’s job description includes common accounting tasks such as: Performing risk analysis evaluations. Recording expenses and preparing financial reports. Working with external auditors. Accountant vs. CPA vs. tax preparer: What are the differences? Recording disbursements and payments.

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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.

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Going Concern

OCTOBER 25, 2024

KPMG CEO Paul Knopp Visits Bentley to Discuss the Future of the Accounting Industry [ Bentley University ] Paul Knopp, U.S. accounting undergraduates has dropped to its lowest level in 15 years, and the number of people taking the CPA exam has fallen as graduates opt for high-paying jobs in financial services, tech and other industries. “We

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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. The industry has emerged as a catalyst for economic growth positively influencing several other aspects of the U.S.

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Going Concern

APRIL 15, 2022

To counter this perception, the accounting profession could be rebranded as a foundational force of social stability and progress, and not just as “a job” with long hours and low return on investment (ROI) on education. The pay isn’t worth the educational investment. A narrow focus on numbers. The consultation runs until May 26.

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Going Concern

DECEMBER 19, 2022

in which ChatGPT talks about accounting firms. For the first time in history, the PCAOB has secured complete access to inspect and investigate registered public accounting firms headquartered in mainland China and Hong Kong, on Thursday the Board voted to vacate the previous determinations to the contrary. GET EXCITED!

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CPA Practice

SEPTEMBER 26, 2023

Today’s announcements come as FloQast also unveiled and detailed its vision for the future of generative AI and accounting during the conference. By using generative AI, routine accounting tasks such as data entry, account reconciliations, and financial statement preparation can be further automated.

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CPA Practice

SEPTEMBER 14, 2023

Today’s announcements come as FloQast also unveiled and detailed its vision for the future of generative AI and accounting during the conference. By using generative AI, routine accounting tasks such as data entry, account reconciliations, and financial statement preparation can be further automated.

Entertainment 40

Entertainment accounting and finance audit Technology 40

Going Concern

FEBRUARY 9, 2024

You gotta pay the piper,” Romeo Razi, a certified public accountant based in Las Vegas, tells CNBC Make It. To help protect tax professionals against this emerging scam, the IRS is hosting a special series of educational webinars aimed at the tax community. researchers surveyed financial executives (e.g.,

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Going Concern

OCTOBER 11, 2022

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. Smaller firms cannot pay competitive salaries because the graduates must be expensively retrained in small business accounting needs. exchanges.

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Going Concern

MARCH 17, 2023

Restoring Exam credits expired during COVID would help address CPA shortage [ AICPA ] The accounting profession is confronted with a talent shortage, and reinstating CPA exam credits that have expired since January 1, 2020, could have an immediate impact on our CPA pipeline. Scott Johnson, Ph.D., They might be right.

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Going Concern

DECEMBER 8, 2023

Expand the accounting pipeline with a mentorship circle [ Journal of Accountancy ] At a time when the CPA pipeline is running slow, mentoring can be a powerful tool to recruit potentially interested students into accounting and guide them to careers in the profession. The SEC approved the standard on Dec.

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Going Concern

APRIL 22, 2024

Drawing in more underrepresented minorities — The accounting profession does not mirror the diversity within the US population, and NPAG seeks to increase the number of underrepresented minorities who choose a career in accounting.

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Going Concern

AUGUST 2, 2024

The class action alleges that Deloitte, as auditors, certified a clean financial statement without auditors’ notes or remarks to caution that it may not be up to accounting standards, according to the complaint. PwC chief’s $1.2m In 2019, it was Tulsa, Okla.

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Going Concern

JANUARY 26, 2024

How AI is transforming audit [ Thomson Reuters ] In the past, auditors have heavily relied on manual processes to uncover risks in financial statements and business operations. This allows auditors to shift attention to more complex and strategic work, like interpreting results and offering experience-based insights to clients.

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Going Concern

APRIL 14, 2023

Investors are left to navigate a field of potential landmines in the enormous roster of clients that the Big Four boasts, where auditor independence is understandably in question. Auditors are tasked with reassuring investors that the companies they invest in are financially healthy, and warning them if they’re not.

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Going Concern

JULY 15, 2024

This one from Fast Company is sort of related to accounting right? It certainly affects firms, particularly Big 4, as they require yearly sacrifices from the God of Higher Education to keep the machine grinding away. The college-to-corporate pipeline is facing extinction. An Ohio firm, Payne Nickles & Co.

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Going Concern

APRIL 16, 2024

Over the past week or so, various media outlets have been picking on Trump Media auditor BF Borgers and their 100% PCAOB deficiency rate. See: Trump Media’s accounting firm has a 100% deficiency rate from U.S. Reviewers found multiple instances of the firm failing to meet professional standards in its audit work.

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Going Concern

AUGUST 4, 2023

Early this year, PwC had more certified public accountants in Austin than anyone else, with 135. Trump-Tied SPAC Hits Another Snag as Auditor Abruptly Resigns [ Bloomberg ] Special-purpose acquisition company Digital World Acquisition Corp. Its total headcount was around 600, up more than 40% from the year prior.

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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.

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