ThomsonReuters

DECEMBER 27, 2024

Blog home With the introduction of Accounting Standards Update 2023-08, Subtopic 350-60, the landscape for accounting, audit, and assurance of cryptocurrency is evolving. Unique audit risks related to cryptocurrency What is an auditors responsibility in crypto audits?

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Accounting Today

JUNE 13, 2025

Acting chief accountant Ryan Wolfe will be returning to his role as chief accountant in the Division of Enforcement. Hohl has close to 40 years of accounting and auditing experience. Wolfe has served as acting chief accountant since January 2025. Previously, he spent 26 years as a partner at EY in various roles.

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Accounting Today

JUNE 13, 2025

EDT 1 Min Read Facebook Twitter LinkedIn Email Accounting firms are reporting bigger profits and more clients, according to a new report. Some 85% of firms now offer client advisory services, a big spike from 41% in 2023, indicating a strategic shift toward delivering forward-looking financial guidance that clients increasingly expect.

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Going Concern

MARCH 19, 2025

All they had to do was nab KPMG Kenya and it would be a true world tour of audit naughtiness. Said the PCAOB in their press release about this 9-way KPMG smackdown: These disclosures are particularly significant in multi-country audits, where it is even more likely that multiple parties worked on an audit.

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Going Concern

JULY 11, 2025

Johnson said accounting firms are being more aggressive and strategic in attracting prospective accountants. Talent Attention, firms! The focus of the probe is on the audits conducted between 2017 and 2023, a period during which Deloitte succeeded Azets as the auditor for the 2023 financial year.

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Accounting Today

JULY 9, 2025

Madison Street Advisors offers tax planning and preparation, focusing on audit mitigation strategies and reduction of audit profiles. It also offers bookkeeping services, audit defense and resolution, and other business services. "We in Thousand Oaks, JHS in Danville and Anaheim, and Hamilton & Co. in Modesto.

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CPA Practice

NOVEMBER 11, 2024

The supplement provides audit firms with additional guidance regarding remediation , including making the most of the remediation period, the potential influence of non-technical factors on persistent quality control criticisms, and more.

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Accounting Today

JUNE 12, 2025

After an IRS audit in 2016 assessed a federal tax debt totaling some $1 million, Archer concealed and transferred assets through two LLCs he controlled and began using third-party bank accounts to evade paying the tax debt. After signing his guilty plea in October 2023, he embarked on a campaign to avoid responsibility for his conduct.

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Accounting Today

JUNE 23, 2025

If youd asked me a year ago, I would have said the idea that they might be losing a substantial amount of federal funding is probably not something I would have worried about too much," said GASB chair Joel Black in an interview with Accounting Today. Audit firms tend to want to focus on other sectors."

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Going Concern

MARCH 10, 2025

So it shouldn’t be too surprising that Financial Times reported this today : KPMG bosses are demanding dozens of mergers among the national partnerships that make up the global accounting firm in a move they hope will boost growth and prevent audit scandals, according to people familiar with the matter.

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CPA Practice

JULY 7, 2025

Act of 2022, as part of the Consolidated Appropriations Act, 2023, addressing the expansion of the Employee Plans Compliance Resolution System. has added a 14th firm to its roster—Raleigh, NC-based Williams Overman Pierce. Employee Benefits Tax TRP Provide a Revenue Procedure related to Section 305 of the SECURE 2.0

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CPA Practice

JULY 14, 2025

The firm also announces the addition of one new partner to its affiliate, Schneider Downs Wealth Management Advisors, LP. The new promotions reach across several areas of the firm’s service offerings, including the firm’s tax, audit and consulting practices, as well as the growing wealth management practice.

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Accounting Today

JUNE 10, 2025

Plante Moran merges in Tonneson Plante Moran, a Top 25 Firm based in Southfield, Michigan, has added Tonneson + Co, a firm based in Wakefield, Massachusetts, expanding its footprint on the East Coast to the Boston area, effective July 1. 66 on Accounting Today s 2025 list of the Top 100 Firms , with $109 million in annual revenue.

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Accounting Today

JULY 16, 2025

In February of this year, Armanino acquired Boca Raton, Florida-based ERP and technology consulting firm Complete Business Solutions. Louis, and Blue Sky Group, a music business management team in Nashville. In 2022, it merged in Philadelphia-based Drucker & Scaccetti.

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Going Concern

OCTOBER 21, 2024

In a matter of weeks, we should be hearing that the Pentagon has failed yet another audit. Defense One argues this is a good thing : Far from a mere compliance exercise, the cultural and technological changes required to pass an audit are the same ones necessary to keep U.S. forces dominant.

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Going Concern

NOVEMBER 4, 2024

In an email to staff on Monday, the firm’s chief executive, Kevin Burrowes, said staff should expect police to remain inside the Sydney headquarters for “several days”. Reports NL Times : The accountancy firm Ernst & Young (EY) is the latest accounting company to discover exam fraud. Should that be allowed?

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Accounting Today

JUNE 19, 2025

Yager used clients information to present false returns to the IRS from November 2023 through March of 2024, submitting returns in the name of her clients without their knowledge or approval. In March 2023, Estes made a $1.3 In March 2023, Estes filed another false return claiming he was entitled to a $2.9 and to wire fraud.

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Accounting Today

JUNE 25, 2025

The purchase, strategically, will allow Xero to have a native bill pay solution all its own, versus relying on third party integrations (Melio has been integrated with Xero since 2023. and Australia, as well as the three "super jobs" of core accounting, accounts payable and receivable, and payroll.

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Going Concern

OCTOBER 11, 2024

The move is designed to address the uncertainty, confusion and diversity of practice with respect to the subject, said Mike Glynn, associate director of audit and attest standards and staff liaison for the AICPA’s Accounting & Review Services Committee. accounting firm, fueling skepticism about the true state of its reserves.

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Accounting Today

JUNE 5, 2025

In February 2023, Trifilo sought to obtain a $1.36 From November 2017 to December 2023, Rhew defrauded at least 117 investors of at least $24 million. By Michael Cohn 11h ago Audit Auditors' pessimism about economy surges Audit partners pessimism about the U.S. million during that time.

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Accounting Today

JULY 24, 2025

From November 2019 through June 2023, Martinez used stolen IDs to create fake businesses and report phony wage and withholding information to the IRS. Bakersfield, California: Tax preparer Victor Cruz, 40, has pleaded guilty to helping Miguel Martinez, a Mexican national who was in the U.S.

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Going Concern

OCTOBER 25, 2024

Firm Watch Whistleblower says big accounting firm hid evidence that a Saudi co-defendant helped finance 9/11 [ Florida Bulldog ] So this is…a lot. For the second year in a row, New York-based accounting firm PKF O’Connor Davies took the #1 spot on Vault’s Best Overall Internships list.

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Going Concern

OCTOBER 14, 2024

Land an internship at a prestigious accounting firm. Fast forward to her sitting for the CPA exam 10 times and failing 9 while still in grad school… I had a glaring red flag in front of me that I was in the wrong profession, and yet, I clung to my career in accounting because it was a part of the plan. Graduate undergrad.

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Going Concern

JULY 21, 2025

The big four accounting firms – Deloitte, EY, PricewaterhouseCoopers and KPMG – posted 44% fewer jobs for graduates this year compared with 2023. In China, a 41-year-old woman who treated her company’s funds like a personal bank account went undetected by the accounting firm hired by her employer.

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Going Concern

NOVEMBER 15, 2024

The firm, MeritServus, was on the verge of being sanctioned by British authorities for helping hide assets tied to a key billionaire close to Russian President Vladimir Putin. Since 2005, MeritServus has not been part of, or affiliated with, Deloitte Cyprus or any other Deloitte firm,” the accounting firm told The Guardian.

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CPA Practice

JULY 25, 2025

The firm also announces the addition of one new partner to its affiliate, Schneider Downs Wealth Management Advisors, LP. The new promotions reach across several areas of the firm’s service offerings, including the firm’s tax, audit and consulting practices, as well as the growing wealth management practice.

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Going Concern

MARCH 19, 2025

The Times reported earlier this week that such an offering, if it goes down the way partners want it to, would be a “windfall” for the firm’s handful of current and retired partners. It wants to raise 125 million as part of its initial public offering (IPO). MHA newbie class of 2024.

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Going Concern

NOVEMBER 22, 2024

Audit Large Accounting Firms Will Have to Submit Financial Statements to U.S. Regulator [ Wall Street Journal ] Large accounting firms will have to submit financial statements annually to the U.S. Regulator [ Wall Street Journal ] Large accounting firms will have to submit financial statements annually to the U.S.

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CPA Practice

OCTOBER 23, 2024

Given the significant changes in the auditing environment since that time, the PCAOB made it a priority to modernize and update those rules. 1, A Firm’s System of Quality Management , adopted by the AICPA. In 2023, only 14 audit firms out of a total of more than 1,600 registered with the PCAOB met the 100-issuer-or-more threshold.

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Menzies

JANUARY 23, 2025

Menzies LLP - A leading chartered accountancy firm. Overview Companies House has released the intended timetable for reforms under the Economic Crime and Corporate Transparency Act (2023). These timelines depend on Parliamentary progress and may be subject to change.

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Menzies

NOVEMBER 7, 2024

Menzies LLP - A leading chartered accountancy firm. It mirrors the concept of financial audits but focuses on non-financial metrics, such as carbon emissions, diversity metrics, or governance practices. Reasonable Assurance: Reasonable assurance provides a high but not absolute level of assurance over the reported information.

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Going Concern

OCTOBER 10, 2024

As businesses expand their operations internationally, the demand for accountants with a global mindset and cross-cultural competence continues to rise. The biggest global opportunity afforded to accountants in 2024 is interacting with the ever-growing offshore team.

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Accounting Today

JUNE 9, 2025

That number has gone up in 2023, it was 880,000. It shouldnt matter if youre declared Federal disaster area. I mean, in 2017, there were just over 301,000 complaints, theft losses to the tune of about 1.4 The losses were 12 and a half billion dollars. These are people who they got hit twice.

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Accounting Today

JULY 21, 2025

Tampa, Florida-based Top 100 Firm Crete Professionals Alliance — the 2025 No. 1 Fastest-Growing Firm — aims to offer the same balance to the many firms it has acquired in its short existence. We started in 2023 and have acquired roughly 20 firms very quickly. I think theres a couple of key drivers of that.

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Accounting Today

JULY 10, 2025

In 2022 and 2023, he and others operated a ghost prep business in three Augusta locations, including a church and Browns residence. Kim Brown and another individual ghost preparer prepared 22 false returns that caused the Treasury to issue $541,912 in false refunds. Allen Brown, 41, separately pleaded guilty to wire fraud.

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Accounting Today

JULY 21, 2025

Between June 2022 and August 2023, he defrauded the U.S. In September 2023, following a two-month investigation into his drug trafficking, Rhode Island authorities searched the apartment of Rodriguez and seized 613 grams of fentanyl, which represented some 306,500 lethal doses. On the side, he also prepared taxes for a fee.

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Accounting Today

JULY 15, 2025

We had 100% bonus depreciation until 2023 and in 2023 it began to phase out at 20% each year," said Boccaccio. "In In 2023 you couldnt deduct 100%. The bonus depreciation went down to 80% in 2023 and in 2024 it went down to 60%. On the other hand, he noted that the bill restores 100% bonus depreciation. "We 19, 2025."

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