CPA Practice

MARCH 21, 2024

The Public Company Accounting Oversight Board (PCAOB) doled out a total of $150,000 in fines to three partners at KPMG in China for turning a blind eye to U.S. auditing standards. audit regulator. Specifically, they didn’t appropriately evaluate the reasonableness of Tarena’s allowance for doubtful accounts.

audit 52

audit public accounting financial statements Education 52

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. Regulations need to change to match. Right now, they don’t.

audit 62

audit Account accountant accounted 62

Going Concern

OCTOBER 17, 2023

The 2023 AICPA Trends in the Supply of Accounting Graduates and the Demand for Public Accounting Recruits report (short: Trends report) was released last week and spoiler alert, it’s dark. Says the AICPA, bachelor’s degree completions in accounting dropped 7.8% 65,035 total accounting degrees completed for 2021-22.

accounting degree 116

accounting degree Account accountant accounted 116

Going Concern

APRIL 16, 2024

See: Trump Media’s accounting firm has a 100% deficiency rate from U.S. audit watchdog and counts Lingerie Fighting Championships as a client [ Fortune ] OK, actually that’s the only funny headline we’ve seen. For example, during the year, there was one engagement partner who was responsible for 147 issuer audits.

auditor 93

auditor audit public accounting Colorado 93

Going Concern

JUNE 29, 2022

The hardworking human beings at Audit Analytics have released their analysis of initial public offering trends and IPO auditor market share for the first quarter of this year , a period in which the number of companies going public was minuscule compared to Q1 of 2021. Marcum and Withum combined audited 49.3%

audit 98

audit auditor New York financial statements 98

AdviceForTaxpreparers

JULY 29, 2019

Accounting Jokes, Videos, Puns and Humor. If you are going to be an accountant then you have to be able to laugh at yourself. I put together this post to bring together any funny and entertaining accounting and tax videos, puns, jokes, pictures, etc. Accounting and CPA Puns. Short Accounting and CPA Jokes.

tax preparation 212

tax preparation Account accountant accounted 212

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 103

auditor accounting firms Account accountant 103

Going Concern

JANUARY 26, 2024

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. company, in a process riddled with conflicts of interest. AI Is your firm keeping pace?

Account 114

Account accountant accounted audit 114

Going Concern

AUGUST 14, 2023

When you woke up this morning did you let out a big yawn and then ask yourself “how can audit firms respond to ongoing regulatory scrutiny?” PCAOB staff expects approximately 40% of the audits reviewed in 2022 will have one or more deficiencies, up from 34% in 2021 and 29% in 2020. The rest of it. The firm, BST & Co.,

audit 52

audit Account accountant accounted 52

Going Concern

NOVEMBER 10, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. “Financial reporting leaders, but also investors, regulators, and other stakeholders in the capital markets expect AI to drive audit quality. .

audit 99

audit accounting and finance auditor Mississippi 99

Going Concern

JUNE 20, 2023

It’s closer to $50 nowadays, thank you accountant shortage). Maybe much more if you just graduated but we’re not going to get into that because the class of 2019 is still angry about it. an hour for afterschool shifts but in the real world it gets murkier, especially accounting for busy season. And there’s overtime!

Account 94

Account accountant accounted public accounting 94

Going Concern

SEPTEMBER 12, 2023

.” From today’s news release : The Securities and Exchange Commission today charged Alfonse Gregory Giugliano, CPA, the former National Assurance Services Leader at Marcum LLP, a public accounting firm, with failing to sufficiently address and remediate numerous deficiencies in Marcum’s quality control system.

audit 110

audit public accounting auditor Management Consulting 110

CPA Practice

AUGUST 23, 2023

Partnering with an outsourced accounting firm can not only help leadership recapture lost time, but also increase financial efficiency and improve data accuracy – providing real-time insights and expertise that will embolden organizations’ missions and allow them to maximize their impact with limited resources.

Account 98

Account accountant accounted accounting and finance 98

Going Concern

JULY 31, 2023

Currently KPMG, Deloitte and EY provide both consulting and audit to both the public and private sector. Originally they were just audit firms,” he said. Then the audit firms decided to create this problem by going off and doing their own consulting and the whole thing’s got out of hand.”

auditor 91

auditor Account accountant accounted 91

Going Concern

MARCH 4, 2024

BDO, the UK’s fifth largest accountancy firm, said graduates and school leavers were “strictly prohibited” from using AI-driven platforms such as ChatGPT under recently updated application guidelines. The judge said that Popular’s board and audit committee approved the capital increase without a thorough debate. billion euro ($2.71

Account 57

Account accountant accounted Michigan 57

TaxConnex

FEBRUARY 15, 2024

: The District of Columbia Court of Appeals has affirmed denial of George Washington University Hospital’s refund claim for nearly $1 million in sales tax collected from 2016 to 2019. based online retailer of pet supplies and medication, has petitioned the Illinois Independent Tax Tribunal to challenge an audit assessment.

Sales 189

Sales Tax Illinois Washington 189

Going Concern

SEPTEMBER 25, 2023

It’s been a while since we’ve done an Accountants Behaving Badly megapost ( 381 days ago , actually), here’s some bad behavior you may have missed. Twice-Convicted Accountant Is Charged With Embezzling More Than $1.1 Palos Hills Accountant Indicted In $7.8M This stock photo is incredible.

tax preparation 91

tax preparation Gambling Account accountant 91

CPA Practice

APRIL 18, 2024

Ndeye Amy Thioub, 67, of Swampscott, MA, has served as a Boston-based IRS agent out of the IRS’s Large Business and International Division since 2006 and has been a licensed certified public accountant in Massachusetts since 2010, according to an affidavit filed in support of her criminal charges by a fellow IRS agent.

Tax 96

Tax tax return Massachusetts audit 96

Going Concern

DECEMBER 11, 2023

Business travel remains PwC UK’s single-largest source of carbon pollution, with flying accounting for more than two-thirds of the firm’s emissions in 2022. Navarro-Velez joined the department at UNLV in 2019. Mandatory audits don’t provide protection the entities mandated them think they do according to new research.

auditor 99

auditor Account accountant accounted 99

Going Concern

NOVEMBER 2, 2022

Although the accounting talent shortage seems like something that just popped out of nowhere and couldn’t possibly have been predicted, oh, a decade ago, I feel compelled to remind everyone that we here at Going Concern saw this coming. From Is There Really a Shortage of Entry Level Accountants? OK ready for the prophetic bit?

Account 113

Account accountant accounted accounting degree 113

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. There is another way of putting this: Accounting is a profession whose brand has not been diluted.

accounting firms 52

accounting firms audit Account accountant 52

Going Concern

MAY 9, 2023

So far it seems dwindling accounting graduate numbers in the Philippines are mostly affecting in-country businesses and firms, still something worth keeping an eye on. Ten to fifteen years ago, as soon as we graduate from Accountancy school, we would be employed by accounting firms or other local corporations. The salary.

cpas 120

cpas Account accountant accounted 120

Going Concern

MAY 18, 2022

While PCAOB inspection reports are only one indicator of how good or bad a public accounting firm’s audit quality is, it’s still pretty embarrassing when a firm gets a bad report card. From 2012’s inspection report to 2016’s report, BDO had an awful average audit failure rate of nearly 63%.

audit 52

audit auditor public accounting CPA 52

CPA Practice

JANUARY 29, 2024

Top 100 accounting firm Haynie & Co. was fined $400,000 and two current and two former partners were fined a total of $190,000 by the Public Company Accounting Oversight Board (PCAOB) on Jan. 23 for subpar auditing and quality control failures. or Haynie’s 2019 audit of Investview Inc.

audit 52

audit financial statements accounting firms public accounting 52

CPA Practice

FEBRUARY 26, 2024

Caseware International , a global leader in cloud-enabled audit, financial reporting and data analytics solutions, is pleased to announce the appointment of Danielle Supkis Cheek as Vice President, Head of Analytics and AI. Supkis Cheek joins Caseware from MindBridge where she was Vice President of Strategy and Industry Relations.

Virginia 52

Virginia Texas public accounting audit 52

Anders CPA

FEBRUARY 5, 2024

About David Between his time in public accounting and corporate accounting, David has almost 20 years of experience across a variety of specialties and industries, including manufacturing, construction, real estate and not-for-profit. A Certified Public Accountant in the state of Missouri, David holds a B.S.

Missouri 59

Missouri Real Estate accounts payable public accounting 59

Going Concern

MARCH 22, 2024

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. Look no further, Accountingfly’s top remote accounting candidates of the week are here.

Minnesota 90

Minnesota cpas audit CPA 90

Going Concern

JUNE 26, 2023

Journal of Accountancy reports : IFRS S1, General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2, Climate-related Disclosures have an effective date of Jan. The Department of Defense should have to meet the same annual auditing standards as every other agency.”

Account 52

Account accountant accounted Minnesota 52

Going Concern

MARCH 16, 2022

The big news in the accounting profession yesterday afternoon from Dave Michaels of the Wall Street Journal was that the SEC is investigating the Big 4 and other public accounting firms on whether the consulting and non-audit services they sell to clients is conflicting with their independence as the auditors of said clients.

audit 52

audit auditor bookkeeping accounting and finance 52

Going Concern

OCTOBER 16, 2023

“Twice in a row, exam fraud is shown at the top of major accountancy firms, where exemplary behaviour should be expected. The AICPA’s Sue Coffey wrote an opinion piece for Accounting Today. Our talent challenges are real, but perspective about the opportunities and appeal of an accounting career has been lacking.

Account 70

Account accountant accounted Tax 70

Going Concern

DECEMBER 5, 2022

In an article for CoinDesk , Francine McKenna took a crack at why the FTX debacle happened, and like she always does when there ’s really bad accounting at a company going through a financial crisis, who are/were the auditors: It’s not clear why FTX commissioned two different audit firms to audit its 2020 and 2021 financial statements.

audit 52

audit auditor financial statements public accounting 52

Going Concern

FEBRUARY 20, 2023

Increased levels of job-related stress have been observed through a multitude of factors, including a market shortage of entry level and experienced staff, increased compliance and reporting requirements resulting from the Sarbanes-Oxley Act, and lingering public concern over financial scandals (Kenneth J. Smith, David J. Everly, Jr.,

Account 84

Account accountant accounted audit 84

CPA Practice

JANUARY 17, 2023

In the last few years there has been a shortage of critical skills with regards to the accounting profession and especially in the output of North American and European professionals with CPA, EA and CMA qualifications. This accounting qualification shortage has put a squeeze on firm owners who require individuals with these designations.

cma 126

cma CPA accounting and finance public accounting 126

Going Concern

OCTOBER 11, 2022

These businesses have their financial advisory needs served by hundreds of thousands of small firm accountants and CPAs nationwide. 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.

Education 83

Education Account accountant accounted 83

CPA Practice

FEBRUARY 19, 2024

Professionals on the Move is a round-up of recent promotions and staffing announcements from around the accounting and tax profession. a Top 60 independent Certified Public Accounting (CPA) firm has expanded the leadership team in its Tax Advisory practice through the addition of several new hires. from Robert Morris University.

New Hampshire 64

New Hampshire audit accounting and finance Non-Profits 64

Going Concern

NOVEMBER 13, 2023

In case you missed it and weren’t reading accounting news on the weekend which I sincerely hope you weren’t because that makes me sad for you if you were: FORVIS may be announcing a big merger soon. And EY news from elsewhere: the Texas Board of Accountancy has fined EY $3 million for cheating. Good morning and _ Monday.

Texas 57

Texas CPA auditor Account 57

Going Concern

SEPTEMBER 28, 2023

“Like oxygen, audit quality may not be fully appreciated when it is present, but I think you can definitely tell when it’s missing.” “The most important thing an auditor can bring to an audit is an attitude that includes a questioning mind for a critical assessment of evidence,” he said.

auditor 89

auditor audit CPA public accounting 89