Going Concern

JANUARY 20, 2023

PwC sees off Deloitte to retain HSBC audit worth up to $1bn [ Financial Times ] PwC has retained the most valuable audit contract on the London Stock Exchange after overcoming a challenge from Deloitte to sign off the accounts of HSBC until 2034. In 2020, it said the process would be complete by 2026.

auditor 93

auditor Technology audit financial statements 93

ThomsonReuters

DECEMBER 6, 2022

Shedding light on the tie between ESG matters and their direct or indirect impact on a company’s financial statements, the Financial Accounting Standard Board (FASB) published in 2021 the Intersection of Environmental, Social, and Governance Matters With Financial Accounting Standards.

auditor 59

auditor Account accountant accounted 59

Going Concern

JANUARY 9, 2023

A PCAOB inspections leader offers his insight to auditors at a conference: “The role of the financial statement auditor and the auditing profession continues to be a noble endeavor that has never been more needed and vital to our economic stability and the well-being of our capital markets,” said George Botic, CPA.

CPA 92

CPA auditor Tax Account 92

Going Concern

OCTOBER 7, 2022

Accounting’s Big Lie — and How to Fix It [ Project on Government Oversight ] A colossal conflict of interest compromises the auditing of public companies and the financial security of everyone who depends on them. billion) in 2021, a 21.8 FRC probing Mazars audit of Studio Retail Group [ Compliance Week ] The U.K.

Illinois 90

Illinois CPA audit tax return 90

Going Concern

MARCH 24, 2023

Stanton was licensed as a certified public accountant in New York in 1988 and had previously run his own firm. EY, KPMG and the fallout of two accounting scandals [ Financial Times Opinion ] It is not just shareholders that have become ever more cautious in the wake of one of Europe’s largest accounting scandals.

auditor 95

auditor audit Entertainment Real Estate 95

Going Concern

MARCH 3, 2023

Bitcoin Miner Marathon Digital to Restate Some Results on Accounting Issues [ CoinDesk ] Marathon Digital (MARA) said it will need to restate portions of its audited 2021 results and currently unaudited quarterly reports from 2022 after an inquiry from the U.S. The error accounted for $3.5 Marathon Digital Inc.

South Carolina 97

South Carolina Texas audit accounting and finance 97

Withum

JANUARY 29, 2024

and the realization of a decrease from peak value in 2021 of 73%. [3] 4] PE and VC Fund management and the board of directors reporting their financial statements under Generally Accepted Accounting Principles (GAAP) may face unique issues in reporting the fair value of their investments in the context of these dynamics.

accounting and finance 64

accounting and finance accounting principles accounting standards Finance 64

Going Concern

APRIL 7, 2023

Big Four Auditors and Consultants Need Liability—And a Divorce [ Bloomberg Tax ] Part of the problem is the revolving door of personnel between the major accounting firms and the banks they purport to audit. ’s accounts drew scrutiny from regulators, the firm’s plan to secure a U.K.

auditor 99

auditor chartered accountant audit accounting and finance 99

ThomsonReuters

APRIL 18, 2023

Deliver accounting and compliance news alerts so practitioners are regularly provided critical accounting, audit, and corporate finance developments, along with expert analysis. The lease accounting standard became effective in 2019 for public companies.

Account 52

Account accountant accounted Technology 52

Going Concern

DECEMBER 23, 2022

Hiring, travel for internal events, training and staff Christmas parties have been targeted as part of efforts to curb expenses at the audit and consulting firm ahead of the break-up known as “Project Everest”, people familiar with the matter told the Financial Times. The process, known as confirmation, is part of nearly every audit.

Tax 82

Tax auditor audit tax return 82

Withum

FEBRUARY 1, 2023

This would allow taxpayers to amend their 2020 and 2021 returns with a 481(a) adjustment and defer picking up the recapture of the LIFO reserve. For the tax year ended 2021, the credit was the lesser of $30,000 or 30% of the total cost of the property. For tax years 2022, the credit is applied the same as 2021.

accounting and finance 52

accounting and finance income tax Tax CPA 52

ThomsonReuters

JANUARY 3, 2022

Greensill Capital collapsed in early 2021 when it lost financing after its shady practices came to light. Before making this move, the FASB considered a letter by the Big Four requesting more accounting transparency, as well as feedback from other auditors and financial statement users, including analysts and rating agencies. .

Finance 98

Finance accounting and finance auditor accounting standards 98

ThomsonReuters

JANUARY 18, 2024

Responsibilities around AI in accounting Further illustrating this point are the advancements in innovative technology, such as AI, and its impact on the profession. In fact, more boards and audit committees are, or will be, looking for accountants who understand AI ’ s potential and limitations.

Account 59

Account accountant accounted tax preparation 59

Nancy McClelland, LLC

MARCH 6, 2022

Processing of Work Orders for Electric Co-ops May 5, 2022 | 2:00 PM EST FREE NSAC Members | $56 Non-Members CPE: 1 Credit Hour In this CLN, participants will review the accounting process for construction and retirement of utility plant from the work order stage to unitization. Click here for more info.

Agriculture 52

Agriculture Account accountant accounted 52

Baruch Lev

NOVEMBER 11, 2021

He was last on back in July 2016 and we discussed his book, The End of Accounting and the Path Forward for Investors and Managers. We talk more about that book and his more recent article in Accounting Today, The sad state of accounting standards. Would society be better off without auditing? Excellent, Baruch.

audit 40

audit New York accounting and finance accounting standards 40

ThomsonReuters

MARCH 17, 2021

Jones spoke with Thomson Reuters in March 2021 about the board’s priorities and review of revenue, leases, and credit loss rules amid economic uncertainty. When that project was added to the agenda, the board at the time decided to pursue it as a disclosure project, versus an accounting and disclosure project.

Government 64

Government accounting standards Tax international accounting standards 64