CPA Practice

MARCH 17, 2023

But according to a new survey, women feel most unfairly compensated when they work in—wait for it—finance. According to Fishbowl by Glassdoor, a whopping 63% of women in finance jobs believe their pay doesn’t add up, compared with only 53% of male professionals. The pay gap, even in top finance roles, is well-documented.

Account 121

Account accountant accounted accounting and finance 121

Going Concern

JANUARY 3, 2023

Pay extra close attention to accounting firm press releases this year, they will be packed with claims of record applicants, excess hiring, and huge numbers of incoming interns. From Why So Many Accountants Are Quitting published in the Wall Street Journal last Wednesday: More than 300,000 U.S. People want to work here.”

Account 112

Account accountant accounted accounting and finance 112

CPA Practice

APRIL 3, 2023

Despite high demand for CPAs, accounting firms struggle to hire accountants. In 2021, there was a 17 percent drop in employed accountants and auditors from a 2019 peak, according to a Bloomberg Tax analysis. By Cameron White. Technology also gives staff real-time access to their data, from anywhere at any time.

accounting firms 135

accounting firms CPA Technology Account 135

CPA Practice

APRIL 19, 2024

By Stacy Parker, The Virginian-Pilot (TNS) A Virginia Beach, VA, accountant pleaded guilty April 12 to stealing more than $1 million from a client and using an additional $250,000 in COVID-19 small business relief money for personal bills. Maria Reich, 45, former president of On Call Accountants, pleaded guilty in U.S.

Virginia 59

Virginia Account accountant accounted 59

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 112

public accounting Account accountant accounted 112

Going Concern

JANUARY 25, 2023

When Thomson Reuters reported late last year that the Financial Accounting Standards Board (FASB) had proposed an eighth round of changes to lease accounting rules 1 , accounting and finance execs around the country channeled their inner Charlie Browns with a collective, “Good grief!”

Account 104

Account accountant accounted Real Estate 104

CPA Practice

FEBRUARY 27, 2024

By Amrita Choudhary, Kiplinger Consumer News Service (TNS) In recent years, lease accounting standard ASC 842 has replaced the ASC 840 standard. Where artificial intelligence comes in Fortune Business Insights projects that by 2026, the global accounting software market will be worth $20.4 Neglecting training and updates.

Account 52

Account accountant accounted accounting standards 52

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

Accounting Insight

MAY 26, 2023

Cloud accounting business iplicit and global Software as a Service business Lightyear have joined forces to provide an accounts payable solution that can drastically cut the time and costs involved in the manual accounts payable process. The announcement was made ahead of the accountancy and finance conference Accountex London.

Accounts Payable Automation 72

Accounts Payable Automation Technology accounts payable Account 72

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. Indeed, trust is not built on mitigating risks alone. million from the federal government.

Account 116

Account accountant accounted audit 116

Ryan Lazanis

SEPTEMBER 1, 2023

If you want to see the best cloud accounting software apps all in one place, then you’ll LOVE this ultimate list. In it, I’ll be sharing 147 of the best cloud accounting software apps on the market. Each item in the list will contain a brief description and will focus on how you can level up your accounting automation.

accounting software 98

accounting software quickbooks Account accountant 98

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. But what about the books of the auditor?

audit 62

audit Account accountant accounted 62

ThomsonReuters

APRIL 18, 2023

The accounting profession has faced a profound shift in recent years: from significant regulatory changes to an influx of innovative technologies, to reimagined business models, to an increase in client expectations. What are the current issues in accounting? The lease accounting standard became effective in 2019 for public companies.

Account 52

Account accountant accounted Technology 52

CPA Practice

JULY 25, 2023

This webinar will look at common and not so common lies accountants tell themselves. Field of Study: Business Management and Organization Register Today Presented by Ryan Lazanis , CPA founded Xen Accounting, a 100% cloud-based accounting firm, in 2013. Already registered for this webinar? Click here to log in.

Account 52

Account accountant accounted Indiana 52

Accounting Insight

MAY 11, 2022

True cloud accounting software provider iplicit has today (11 May) launched its Automation Centre feature at Accountex. Enabling organisations to increase efficiency, reduce human error, eliminate manually intensive processes, the iplicit Automation Centre can save accounting and finance teams hundreds of hours every month.

accounting software 69

accounting software Technology Account accountant 69

Cherry Bekaert

MAY 16, 2023

Authors: Kenneth Woodring , Senior Manager, Risk & Accounting Advisory Services , Graham Michitsch , Senior Manager, Risk & Accounting Advisory Services Congratulations to successfully completing your implementation of ASC 842 and IFRS 16 – Leases. Has the monitoring process been included in your internal control framework?

Account 98

Account accountant accounted accounting and finance 98

Going Concern

MARCH 4, 2024

Senate Finance Committee Chairman Ron Wyden, an Oregon Democrat, said in a statement that Rollinson comes to the position with impeccable credentials. Judge Jose Luis Calama proposed trying Ron, the executives and consultancy firm PwC for allegedly defrauding investors and committing false accounting on a 2.5 billion euro ($2.71

Account 57

Account accountant accounted Michigan 57

Going Concern

FEBRUARY 10, 2023

Talent As tax season approaches, accounting firms are short on staff [ Marketplace ] Oh hey! How can employers optimise working environments to support the needs of their accountancy teams and ultimately retain them, all while adding value to their organisation? The stablecoin firm released BDO’s assurance opinion on Feb. 31, 2022.

Florida 99

Florida Tax North Dakota Account 99

Cherry Bekaert

AUGUST 10, 2023

How to Nearshore Your Supply Chain While Capturing Financial Gains and Avoiding Tax Pitfalls Modern supply chains have grown increasingly layered as they account for separate continental end markets, manufacturing facilities and scarce raw materials spread across multiple geographies.

Finance 98

Finance Tax Manufacturing Legal 98

ThomsonReuters

MAY 5, 2022

Attracting and retaining top talent has been an industry-wide concern for many tax and accounting firms for years. Some tax and accounting firms lost key personnel to competing firms or other industries, and some associates simply moved on in search of a new career or better quality of life.

Tax 96

Tax Account accountant accounted 96

Going Concern

MARCH 13, 2023

Bloomberg also reported on Saturday that Leerink and his team are seeking help to finance a potential management buyout of the business, as told to Bloomberg by a source that did not want to be identified. ” So while it’s not directly in the eye of the shitstorm, it is part of the same landfill as the bank’s dumpster fire.

Account 104

Account accountant accounted auditor 104

Going Concern

JANUARY 27, 2023

Under German law, Apas can only probe and sanction potential misconduct by active accountants who are enrolled in the country’s register of public accountants. 9 focusing on its financial and cost accounting controls, it said Thursday in its 10-K. seeking information about the company’s calculation of pension expenses.

auditor 108

auditor accounting firms Account accountant 108

PYMNTS

JUNE 24, 2020

The accounting world was as caught off-guard and unprepared as most other industries when COVID-19 came to town. One fact has clearly surfaced in the interval between pandemic lockdowns and phased reopenings, and it’s this: accounts payable (AP) can’t cut it manually anymore. The Last Days of Paper? Businesses took 8.6

AP Automation 95

AP Automation Technology Account accountant 95

Going Concern

OCTOBER 9, 2023

Miller, a veteran finance executive who was lured to EY from the commodities trading firm Cargill, had been lined up to become chief financial officer of the consulting business if the spin-off had gone ahead. Who says accounting doesn’t pay?? The survey will close Dec. Here’s an interesting case.

Account 67

Account accountant accounted Iowa 67

Going Concern

JULY 8, 2022

Wirecard’s former top accountant admits forging documents for KPMG special audit [ Financial Times ] Wirecard’s ex-head of accounting has admitted to forging documents requested by KPMG during a special audit, ahead of a trial that is set for later this year, according to people familiar with the matter. Anyone else?

auditor 91

auditor Account accountant accounted 91

Going Concern

SEPTEMBER 5, 2023

Stout served as the exclusive financial advisor to BDO and led the ESOP structuring, financing process, and execution on behalf of the company. Stout also served as the sole debt placement agent on a term loan financing led by Apollo-managed funds to facilitate the ESOP. The transaction closed on August 31.

Account 62

Account accountant accounted chartered accountant 62

Going Concern

APRIL 20, 2022

As I snarkily mentioned last week , the AICPA has finally released its much-anticipated 2021 Trends in the Supply of Accounting Graduates and the Demand for Public Accounting Recruits (or Trends , for short) report [PDF here ], a behemoth data dump of accounting industry stats first released in 1971 and released every two years since 2009.

Account 52

Account accountant accounted CPA 52

PYMNTS

DECEMBER 7, 2020

Digital Black Friday sales this year hit $9 billion, a 22 percent increase from 2019 figures, according to recent Adobe research. Digital commerce is a capital-intensive business model, he said, and keeping pace with buyer demand puts a strain on finances. Small Business, Big Challenges.

Finance 142

Finance B2C B2B accounting and finance 142

PYMNTS

NOVEMBER 25, 2020

In an effort to assist small business owners in Britian on a greater scale, small business accounting software company FreshBooks has teamed with Barclays to offer joint offerings to customers in the country. The news comes after FreshBooks teamed with Three UK, the telecom and mobile service firm, in 2019. 25) announcement.

small business accounting software 94

small business accounting software Account accountant accounted 94

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 16, 2022

Leaders of the accounting powerhouse are talking to private-equity firms as they draw up plans for the sale of EY’s consulting arm, the people familiar with the matter said. Quiz: Test your remote audit knowledge [ Journal of Accountancy ]. Reports: BDO USA, LLP (6/20/2019 Report). Does it pay to be an accountant?

public accounting 90

public accounting Account accountant accounted 90

Going Concern

JULY 8, 2022

Plus, Pennsylvania accountant loves tax evasion, North Carolina CPA indicted on securities fraud charge, and Kentucky accountant gets jail time for sex trafficking. Accountant sentenced to prison for role in doctor-bribery scheme [ Press-Telegram ]. The credit union crimes occurred from April 2016 to April 2019.

North Carolina 52

North Carolina Account accountant accounted 52

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

PYMNTS

JULY 22, 2020

Recent events have irrevocably changed the way finance departments operate, bringing to light glaring issues with the current processes. Paper checks — once dominant in all areas of commerce, now extinct for most consumers — have slowly lost ground, slipping to a meager, yet still surprising, 42 percent of all B2B payment types in 2019.

Accounts Payable Automation 60

Accounts Payable Automation accounts payable Technology Account 60

Katz,Sapper&Miller

AUGUST 20, 2019

Katz, Sapper & Miller’s Justin Hayes, director in the firm’s Governmental Services Group, will present at the Central Indiana Chapter of the Association of Government Accountants’ 2019 Conference. Taking place on Sept.

Indiana 67

Indiana Government Account accountant 67

KROST

MAY 24, 2022

The act establishes a time period of 10 years for the “full” distribution of an inherited IRA, but ONLY for deaths occurring after 2019 and not for ALL beneficiaries. The options to treat inherited IRA accounts differ depending on the type of beneficiary. The rules regarding spousal beneficiaries remain the same.

Account 52

Account accountant accounted tax planning 52

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 91

Education Account accountant accounted 91