Going Concern

MAY 19, 2023

About 58% of companies allow employees to work a portion of their week from home, according to Scoop Technologies, a software firm that developed an index monitoring workplace strategies of close to 4,500 companies. Around half of the businesses surveyed currently engage an independent auditor to assess their finances, the findings showed.

auditor 97

auditor audit accounting and finance South Carolina 97

Going Concern

MARCH 31, 2023

Big 4 EY Fails to Reach Deal on Split [ Wall Street Journal ] The unexpected revolt that has upended the planned breakup of accounting firm Ernst & Young is being driven by two longtime U.S. auditors who believe their part of the firm could end up weakened by a deal. People did not enjoy that.

auditor 102

auditor audit Virginia Technology 102

Going Concern

JULY 31, 2023

Former partner Wayne Plummer told PwC partners in December that the firm had made an in-principle agreement with the Tax Office to settle on a no-admissions basis in return for a 50 per cent reduction in penalties that totalled several hundred thousand dollars. link] — Hester Peirce (@HesterPeirce) July 27, 2023 Pick your sides, people.

auditor 91

auditor Account accountant accounted 91

Accounting Insight

FEBRUARY 6, 2024

Audit firms struggling to build teams with diverse skill sets that can deliver the audit of the future Investing in technology is a key priority for accounting firms as they move into 2024, while mitigating the ongoing talent shortage and keeping pace with new laws continue to cause challenges for many within the profession.

Technology 45

Technology accounting firms audit Account 45

Going Concern

DECEMBER 13, 2023

Before I look back on what I think were the best posts (ranked arbitrarily by me), allow me to resurrect this post from January 7: Let’s Start the Year Off With Some Doomsaying Predictions For the Profession in 2023. Yes, let’s. Surprise, the tech people didn’t want to work for EY. I was a fool to write it.

Minnesota 90

Minnesota CPA Start-ups audit 90

CPA Practice

MAY 15, 2024

The technologies used in professional accounting firms continue to evolve and shape how practices function, from client service, to staffing issues, and overall management and growth. WINNER: TheTaxBook – Tax Materials Inc. has become a massive challenge for most small and mid-sized businesses.

Technology 59

Technology accounting firms cpas Account 59

CPA Practice

APRIL 22, 2024

The 10 accounting firms that had the most public company audit clients in 2023 are the same 10 firms atop the table in auditor market share so far in 2024, with EY leading the way as of Jan. EY: 971 (14.7%) 2. Deloitte & Touche: 900 (13.6%) 3. PwC: 719 (10.9%) 4. KPMG: 605 (9.2%) 5. Marcum: 402 (6.1%) 6.

audit 69

audit auditor accounting firms Account 69

CPA Practice

MAY 15, 2023

during the first quarter of 2023, Marcum audited seven of them—the most of any audit firm, according to a new analysis from Audit Analytics. In addition, Q1 2023 saw a substantial decrease in the total amount raised compared to offerings completed in the first quarter in each of the last five years.

auditor 52

auditor audit accounting firms Account 52

CPA Practice

APRIL 19, 2023

But to reach those objectives, you need a team, and that’s becoming increasingly difficult to find if you’re hiring accountants. According to Caseware’s 2023 State of Accounting Firms Trend Report , more than 90% of accountants and 95% of auditors find hiring skilled talent challenging.

Technology 123

Technology CPA tax return auditor 123

CPA Practice

SEPTEMBER 12, 2023

Technologists Randy Johnston and Brian Tankersley, CPA, discuss Audit Sight , a technology platform that eliminates manual work for auditors, diligence and private equity providers by automating financial transaction verification. Use the podcast player below to listen. But you know, where we’re gonna be in the audit territory today?

audit 111

audit Technology auditor sage accounting 111

CPA Practice

APRIL 26, 2023

Public Company Accounting Oversight Board (PCAOB) inspectors outlined their priorities for 2023 inspections in a new PCAOB staff report released on April 17. By staying ahead of new and emerging risks, our inspections plan will hold firms accountable and drive improvements in audit quality for investors.”

audit 52

audit auditor Account accountant 52

CPA Practice

DECEMBER 14, 2023

The 2023 H&R Block Featured Franchisees of the Year, Elite 25, and Top 100 include: Featured Franchisees of the Year Anthony Temple, Mich. Bennett is a Certified Fraud Examiner and a member of the American Bar Association Institute of Internal Auditors, Institute for Internal Controls and the Association for Corporate Growth.

Iowa 52

Iowa Texas Utah Ohio 52

Going Concern

DECEMBER 22, 2023

Barring any huge incident like an accounting firm getting raided by the FBI on Christmas Day, there will not be any breaking news. Major consulting firms don’t have enough work for their existing staff and are facing slowing revenue growth, and Ernst & Young last week began laying off partners. billion in assets as of Dec.

auditor 105

auditor audit accounting firms accounting and finance 105

Going Concern

APRIL 12, 2024

ICYMI: These are the most-read articles on Going Concern this week: Tax Preparer Finds Out in the Worst Way Possible That ERC Wasn’t a Free Money Glitch Survey Says: Which Group of Auditors Are Most Satisfied With Their Salaries? We broke that record in 2023. We set a record in 2022. And we are breaking it again today.

CPA 95

CPA auditor Tax audit 95

Ryan Lazanis

MAY 24, 2023

Here is my complete guide to emerging accounting technologies for 2023. In this guide, you’ll learn about the top accounting technology in the profession along with some tips and tricks on how to leverage them. So if you’re looking to leverage software to automate your accounting work, you’ll love this guide.

Technology 98

Technology Account accountant accounted 98

CPA Practice

JANUARY 23, 2023

For many accounting firms this will mean increased opportunities, to sell not only M&A diligence services and financial statement audits, but broader services that allow for ongoing, regular reviews of financial data. As accounting firms begin 2023 they have one thing top of mind — how to effectively recruit and retain talent.

audit 124

audit auditor forensic accounting Technology 124

Going Concern

DECEMBER 1, 2023

As of 2023, 64% of certified accountants are White. Alumni Six Months Later, Alumni Experience Tim Ryan’s Ethos Firsthand at PwC [ Babson College ] PwC newbies reflect on Tim Ryan’s commencement speech now that they’ve spent a few months working at his firm. The combined firm will operate under the Dean Dorton name.

cpas 102

cpas audit auditor CPA 102

Going Concern

SEPTEMBER 29, 2023

The London-based global accounting firm officially known as PricewaterhouseCoopers International is in talks to lease three floors at a new office building at 3155 Olsen Drive, across from Santana Row in West San Jose, the San Jose Mercury News reported, citing unidentified sources.

auditor 99

auditor audit New York CPA 99

CPA Practice

MAY 11, 2023

Accounting firms have faced a volatile profession in the past year as teams struggled with burnout while staff shortages increased, regulatory changes caught firms off guard – increasing compliance and security concerns – and tax laws became increasingly more confusing for clients and CPAs alike. By James Paille, CPP.

Account 119

Account accountant accounted payroll 119

Cherry Bekaert

MAY 3, 2024

Accounting and finance employment is projected to grow 4% from 2022 to 2032, with about 126,500 openings for accountants and auditors each year on average. 1 But attracting and retaining talent is proving difficult for several accounting recruiters and accounting talent acquisition specialists. retirement).

accounting and finance 105

accounting and finance Finance Account accountant 105

CPA Practice

FEBRUARY 28, 2023

The American Institute of CPAs (AICPA) and CPA.com announced its 2023 Startup Accelerator cohort at a kick-off meeting held at AICPA headquarters in New York. This year’s participants include five early-stage companies pursuing a variety of solutions in audit, accounting, tax and e-commerce.

E-commerce 52

E-commerce Technology Texas cpa firm 52

Withum

NOVEMBER 2, 2023

As a firm that leads with integrity, this milestone is a testament to Withum’s commitment to handle sensitive data responsibly. The SOC 2 Type 1 examination is a rarity among accounting firms today, and I am extremely proud of our Team’s hard work and dedication to achieve this accomplishment and set Withum apart from the rest.

audit 111

audit auditor cpa firm CPA 111

CPA Practice

JULY 9, 2023

Advantage Audit is an audit planning aid and audit program series designed to help auditors comply with risk-based professional standards in a straightforward and efficient manner. Tailored specifically for accounting professionals, this technology assists users across all attest areas. AuditFile, Inc.,

audit 111

audit auditor Technology financial statements 111

CPA Practice

SEPTEMBER 5, 2023

The practice aid, Accounting for and Auditing of Digital Assets , is intended to provide nonauthoritative guidance on how to account for and audit digital assets under U.S. generally accepted accounting principles (GAAP) for nongovernmental entities and generally accepted auditing standards (GAAS), respectively.

audit 59

audit cpas auditor accounting principles 59

Going Concern

FEBRUARY 5, 2024

Financial Advisor says many accounting firms want to get on the wealth management bandwagon “to serve clients better” but of course really “ wealth management practices can be quite profitable when done well. These senior partners are responsible for their firm’s wealth management efforts. ” Guess what?

Account 64

Account accountant accounted auditor 64

CPA Practice

NOVEMBER 13, 2023

Top 50 accounting firm Cohen & Co. will be entering the Buffalo market when a deal to acquire Szymkowiak & Associates CPAs and its sister firm PEAR Consultants closes next month. on this transaction, which is the second acquisition for the firm this year. The first occurred in March 2023 when Cohen & Co.

CPA 110

CPA tax consultant auditor audit 110

Going Concern

OCTOBER 20, 2023

TowerBrook and Eisner plan to continue acquiring regional accounting firms or partnerships. Brentwood-based LBMC, a business consulting and financial services firm, will welcome Louisville-based accounting firm Strothman & Co under its family of companies. This move, effective Nov.

CPA 100

CPA quickbooks Real Estate auditor 100

Going Concern

JULY 11, 2023

Advance Auto Parts was late on its most recent 10-Q and said in a June 2 SEC filing “The “Company” is unable to complete the filing of its Quarterly Report on Form 10-Q for the quarter ended April 22, 2023 (the “Form 10-Q”) within the prescribed time frame without unreasonable effort or expense due to the circumstances described below.”

Account 134

Account accountant accounted financial statements 134

Going Concern

JANUARY 16, 2024

Accountants from EY and PwC are braced for questioning by the public inquiry into the Post Office scandal, which is expected to turn its attention to the embattled institution’s external auditors later this year. As reported by Canadian Accountant, Marcum agreed in September 2023 to pay $1.2 ” Introspection huh?

Account 101

Account accountant accounted audit 101

CPA Practice

APRIL 15, 2023

One of the Big Four accounting giants in the U.S., Following a split, EY would have been able to advise companies for which it also acted as auditor. It drew ire from US executives—including senior executives like John King and Frank Mahoney—as they wanted auditors to get a bigger bite of the lucrative tax practice pie.

audit 92

audit auditor accounting firms Account 92

Going Concern

FEBRUARY 3, 2023

Big 4 EY considers handing retired US partners cut of proceeds from spin-off [ Financial Times ] EY has told retired US partners it is considering giving them a cut of the proceeds from a spin-off of its consulting arm, after complaints that the firm’s leadership is cashing in on a business built by previous generations. Ha ha,” he chuckles.

cpas 108

cpas quickbooks accounting and finance North Carolina 108

Going Concern

FEBRUARY 12, 2024

EY piled more than $700mn of extra debt on to its global operating business to deal with the costs of the failed plan to spin off its consulting arm, according to newly filed accounts. That’s been happening across the industry, according to Adrienne Gonzalez, who edits the accounting blog Going Concern.

auditor 72

auditor Account accountant accounted 72

Cherry Bekaert

AUGUST 9, 2023

In this episode of Cherry Bekaert’s GovCon Podcast, Eric Poppe , a Managing Director in Cherry Bekaert’s Government Contracting Industry practice, is joined by Jeff Annessa , a Senior Manager in the Firm’s GovCon practice who spent 13+ years with the DCAA and held various positions such as Quality Manager, Supervisory Auditor, Field Audit Office (..)

audit 97

audit auditor Government public accounting 97

Going Concern

MAY 26, 2023

The accounting firm is embroiled in a national scandal over its use of confidential information about proposed tax laws to drum up business. The bitcoin mining company “dismissed” its previous accounting firm Marcum on May 18, appointing Deloitte to take its place. million over a decade.

public accounting 83

public accounting Account accountant accounted 83

CPA Practice

MAY 9, 2023

Hiring Survey suggest that skilled professionals are likely to find an abundance of job opportunities, given that many businesses are hiring both for new roles and vacated positions in the first half of 2023. For example, the unemployment rate for accountants and auditors is just 1.7%, according to the most recent BLS data.

Account 115

Account accountant accounted cpa firm 115

CPA Practice

AUGUST 22, 2023

A global accounting industry survey of more than 6,000 accountants and auditors conducted earlier this year revealed the No. Like most sectors, the accounting industry is feeling the effects of the shift in the labor market as workers quit their jobs in search of better roles and greater job satisfaction.

Account 95

Account accountant accounted auditor 95

Going Concern

MAY 12, 2023

As a firm we have had to be proactive in our response to attracting candidates, addressing workforce planning and aligning our recruitment strategy to reflect this.” Colorado Springs accounting firm to open Denver office [ Denver Business Journal ] Stockman Kast Ryan and Co., Is anyone actually convinced? [

CPA 109

CPA Account accountant accounted 109