FraudFiles
JULY 7, 2023
When consumers think about investigating fraud, they do not usually think of the investigation as part of an overall plan to reduce fraud in a company. An investigation is typically seen as a reactive process that is only engaged in when a major problem is identified.
CPA Practice
JULY 7, 2023
By Alexandra Skores – The Dallas Morning News (via TNS). Fourteen people were charged in a $53 million fraud scheme involving the federal government’s pandemic relief program, including some executives from a Dallas metal recycling firm. According to court documents, several of the charged defendants operated a group of affiliated recycling companies, including Mammoth Metal Recycling, Elephant Recycling, Gulf Coast Scrap, 4G Metals, 4G Plastics, 5G Metals, Level Eight, Sunshine Recycling, L.K.
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Going Concern
JULY 7, 2023
Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you’re here, subscribe to our newsletter to get the week’s top stories in your inbox every Tuesday and Friday. See ya. Talent Dear Recent Grads: Accounting is Cooler Than You Think [ LinkedIn ] A tipster sent in this recent LinkedIn post by CBIZ president Chris Spurio, calling it “tone deaf” and “dishonest.” Added
Ronika Khanna CPA,CA
JULY 7, 2023
Frequently a client of mine will purchase a high ticket item such as a computer or a piece of furniture and will simply show it as an expense on their profit and loss. As far as they are concerned, if you spend money on acquiring something you should be able to write it off against your income. This makes logical sense from a certain point of view. Unfortunately, accountants and revenue agencies do not see it this way.
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.
Going Concern
JULY 7, 2023
While we’re on the topic of the CPA exam, this is your eleventy billionth reminder to sit for BEC before the CPA Evolution disciplines replace it in 2024. If you have passing credit for BEC before 2024 hits then you don’t have to worry about choosing one of the new disciplines assuming you pass the other sections before that credit expires.
CPA Practice
JULY 7, 2023
Top 40 accounting firm BPM is combining with Las Vegas-based CPA firm Fair, Anderson & Langerman (FAL) effective Aug. 1. Once the deal is completed, FAL will rebrand and operate under the BPM name. In addition to its new Las Vegas location, BPM has 16 other offices spanning California, Oregon, Washington, and India. “As we expand our presence in the region, we found FAL to be very well-aligned with our culture and ‘Because People Matter’ brand promise,” BPM CEO Jim Wallace said in a press r
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Randal DeHart
JULY 7, 2023
When it comes to the construction industry, employee training and development is crucial for success. Providing employees with the necessary skills and knowledge can make their work more efficient and effective, leading to higher-quality results and increased productivity. From safety training to technical skills development, a variety of areas can be focused on in construction employee training and development programs.
Accounting Today
JULY 7, 2023
The case management system is making it more convenient for tax attorneys to electronically file documents simultaneously in consolidated groups of cases.
VJM Global
JULY 7, 2023
GST Department issues advisory on a time-to-time basis on various issues faced by the industries on GST related matters. Recently GST department has issued advisories on the following issues: 1. Online Compliance Pertaining to Liability / Difference Appearing in GSTR-1 and GSTR-3B in Form DRC-01B Till date, in case of any difference appearing in GSTR-1 and GSTR-3B , a notice is received from the department asking the reason for such difference.
Accounting Today
JULY 7, 2023
The report marked the slowest month of job creation since the pandemic, although the unemployment rate declined one-tenth of a percentage point to 3.6%.
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CPA Practice
JULY 7, 2023
Top 20 accounting firm Eide Bailly has acquired Seattle-based CPA firm King & Oliason, the firms announced on June 26. Financial terms of the deal, which goes into effect on July 17, were not disclosed. As part of the acquisition, Eide Bailly picks up its first office in Seattle and adds six partners and 33 staff from King & Oliason. “By joining Eide Bailly, we can provide our clients expanded advisory services and industry-leading thought leadership to help provide the essential tools n
Accounting Today
JULY 7, 2023
Internal controls evaluation, fraud detection and compliance monitoring are among the uses for the technology, according to a new report.
Going Concern
JULY 7, 2023
BDO USA has released revenue numbers for the 12-month period ending April 30, 2023 and the sixth-largest accounting firm in the US ended the year with a self-reported $2,822,600,000, a year-over-year increase of 13.3%. It was only two years ago that the firm topped $2 billion for the first time and 2023 marks the eleventh consecutive year of growth.
Accounting Today
JULY 7, 2023
The service has updated its systems to detect invalid claims for the Child and Dependent Care Credit and the EITC.
Speaker: James Kahler, COO of Full Course
Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.
CPA Practice
JULY 7, 2023
Technologists Randy Johnston and Brian Tankersley, CPA, discuss technology trends for audits. Click here to visit the podcast page.
Accounting Today
JULY 7, 2023
Plus, carbon accounting platform Greenly launches app store; and other accounting tech news.
Accounting Today
JULY 7, 2023
A majority of businesses say it's challenging to bring on new vendors or business customers due to concerns over B2B fraud, according to a recent survey.
Accounting Today
JULY 7, 2023
Plus, new board members at AAM; Herbein changes its go-to-market strategy; new partners in Connecticut and New Jersey; and other firm and personnel news from across the profession.
Speaker: Jamie Eagan
As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of
Accounting Today
JULY 7, 2023
U.S. audit officials have started a fresh round of inspections of New York-listed Chinese companies in recent weeks as tensions mount between the world's two largest economies.
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