Summit CPA

OCTOBER 10, 2024

IRS criminal investigations during the 2023 tax filing year identified potentially $37.1 Do not withhold information from an auditor intentionally. Hiding information from an auditor may create a fraudulent situation. Every year there are thousands of investigations launched by the IRS in their fraud prevention campaign.

auditor 93

auditor audit tax return Tax 93

Going Concern

OCTOBER 21, 2024

ICYMI: American Institute of CPAs (AICPA) and the National Association of State Auditors, Comptrollers and Treasurers (NASACT) suggest state and local governments step it up to beat the talent shortage. But accountants who do government work face unique challenges that require more specialized solutions.

accounted 59

accounted Account accountant South Dakota 59

CPA Practice

DECEMBER 6, 2024

In September 2023, inspection staff launched an initiative to probe whether audit firm culture and the rising levels of audit deficiencies were linked. The report, released on Dec. 5, is based on an in-depth PCAOB staff review of culture at audit firms, including more than 150 interviews with partners at the largest U.S. audit firms.

audit 97

audit auditor Government accounted 97

Going Concern

MARCH 17, 2025

EY issued an internal control warning on a client : UBS’s auditors have expressed an “adverse opinion” on the bank’s internal controls over its financial reporting for 2024 after it failed to resolve issues related to misstatements inherited from Credit Suisse, the Swiss lender said on Monday.

Oklahoma 71

Oklahoma accounted Account accountant 71

CPA Practice

OCTOBER 23, 2024

Webinar : This webinar, led by expert staff in the PCAOB’s Office of the Chief Auditor, provides an overview of QC 1000 requirements and is designed to help auditors prepare for the standard’s implementation. 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.

auditor 59

auditor audit financial statements accounting firms 59

Accounting Today

JULY 16, 2025

In May, Armanino expanded into Utah by adding Cooper Savas LLC , a CPA firm based in Salt Lake City. Following the deal, Armanino adopted an alternative practice structure. In February of this year, Armanino acquired Boca Raton, Florida-based ERP and technology consulting firm Complete Business Solutions.

Technology 59

Technology tax preparation audit auditor 59

Going Concern

JUNE 30, 2025

Meanwhile, at PwC UK : PwC is planning to cut about 175 junior auditors in the UK and has told other staff that pay rises will be lower this year, as the Big Four firm grapples with tougher market conditions. Two more states have embraced alternate pathways to the CPA , bringing the total to almost two dozen.

accounted 103

accounted Account accountant Technology 103

Going Concern

OCTOBER 14, 2024

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. We don’t view AI as a substitute for auditors,” Shimek explained.

accounted 59

accounted Account accountant audit 59

Going Concern

OCTOBER 25, 2024

After months of intense, back-and-forth work, these groups and their stakeholders arrived in September at what we feel is a balanced solution that incorporates an additional route to “fluency” but observes the same timeless know-how we’ve come to expect of a CPA. Passage of the CPA Exam, as with all our pathways, remains a benchmark.

accounting and finance 59

accounting and finance audit Florida Missouri 59

Going Concern

NOVEMBER 22, 2024

audit regulator for the first time, among new requirements that have faced pushback from auditors but have received support from many investors The Public Company Accounting Oversight Board on Thursday voted 4-1 to bolster the rules around firms’ reporting annually and for special circumstances, such as a filed lawsuit or private-equity investment.

auditor 52

auditor audit accounting and finance financial statements 52

Accounting Today

JUNE 5, 2025

CPA Timothy Trifilo has been sentenced to 20 months in prison for making a false statement on a mortgage loan application and for not filing an income tax return. 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. Washington, D.C.:

Tax 59

Tax tax preparation North Carolina tax return 59

CPA Practice

NOVEMBER 25, 2024

She is the former Colorado state auditor, having served in that role for 10 years. During her tenure she was recognized for her innovative leadership style and was named one of three “Women to Watch” in the Experienced Leadership category by the Colorado Society of Certified CPAs. Prior to becoming a state auditor, Ms.

Wisconsin 52

Wisconsin Colorado auditor Oregon 52

Going Concern

FEBRUARY 10, 2025

pic.twitter.com/BuMGHJuKx9 — Jessica Smith, EA , not a CPA (@Taxsavvyjessica) February 9, 2025 Something to chew on as both sides argue about fraud and waste: My dad was an auditor with The Indiana Department of Revenue. Activity in the sector peaked post-pandemic in 2023 with 160 deals.

Indiana 52

Indiana Tax accounted Account 52

Going Concern

NOVEMBER 25, 2024

Crash victim John Cooper sued PwC partner Ousmane Caba and the company in March, claiming Caba was so drunk he was “barely conscious” when he left San Francisco in June 2023 after a day and night of drinking at events sponsored by PwC. UNI’s CPA pass rate for the 2023 CPA exam is 78.3%, with the average passing rate being 79.3%.

accounted 52

accounted Account accountant CPA 52

Going Concern

JUNE 16, 2025

Founded in 2023, the company already generates over $300 million in annual revenue and includes more than 20 accounting firms under its umbrella. Crete Professional Alliance says this on their website: “Crete Professionals Alliance (“Crete PA”) is not a licensed CPA firm. It’s a modern roll-up play, and Crete’s moving fast.

accounted 64

accounted Account accountant Non-Profits 64

Going Concern

MARCH 10, 2025

This post from r/CPA popped up when I was scrolling over the weekend, the turnaround gave me a chuckle. See more: What TF Is Going on With CPA Exam Pass Rates? New York Times tells the story of an industry accountant turned IRS auditor in Stalled Audits and a Skeleton Staff: Inside Trumps War on the I.R.S. Good morning!

audit 52

audit Oregon Ohio auditor 52

Accounting Today

JULY 8, 2025

(Read more: " Tax Strategy: Inside the Senate version of the OBBBA. ") "The new law has both temporary changes and permanent changes," said Miklos Ringbauer, founder of Miklos CPA in Southern California. For example, the SALT allowance has been capped at $40,000 for 2025.

Technology 126

Technology audit tax preparation corporation tax 126

Going Concern

NOVEMBER 1, 2024

Audit Private Equity’s Ties to Companies’ Auditors Have Never Been Closer. Circuit Court of Appeals on Thursday released an amended version of an opinion it originally decided in August 2023. That Worries Some Regulators. Wall Street Journal ] By the end of 2025, more than half of the largest 30 U.S.

audit 52

audit Florida auditor accounting firms 52

Going Concern

APRIL 28, 2025

A CPA Journal article asks “ Did the CPA Evolution Leave Educators Behind? ” Authors Walied Keshk, PhD, CPA and Edward J. Among other things, the survey inquired about respondents readiness to adapt their courses and teaching methods to the new CPA exam requirements. I stand by what I said about the PCAOB.

CPA 52

CPA auditor Utah accounted 52

Going Concern

JANUARY 31, 2025

Latest Goldstein Lieberman acquisition boosts CPA firm into nations top 1% [ NJBIZ ] Um that’s some iffy math there considering no one has heard of either of these firms and they don’t rank on the IPA 500. One of the regions largest CPA firms is getting bigger, following Goldstein Lieberman & Co.

cpa firm 52

cpa firm Arizona auditor audit 52

Going Concern

JULY 18, 2025

Audit Automated auditors: could AI undermine financial reporting? billion in confirmed fraud, with a notable case in 2023 when the Department confirmed spending $51,000 on a trash can. While in Congress, where he served from 2011 to 2023, the Republican sponsored legislation to get rid of the IRS.

audit 59

audit South Carolina Missouri auditor 59

Going Concern

FEBRUARY 14, 2025

Barry Melancon, the longest-serving CEO in AICPA history, tells CPA Trendlines that its just as likely the accounting profession will alter private equity. researchers examined 10,979 audit opinions on companies internal controls between 2017 and 2023. Maybe the entire first quarter of 2025. It’s free!

Arizona 52

Arizona audit CPA Legal 52

Going Concern

MAY 9, 2025

The GMAC 2024 Application Trends Survey indicates that 72% of US Master of Accounting programs reported higher application levels in 2024, compared with 43% in 2023. The post Friday Footnotes: Modernizing CPA Requirements in Pennsylvania; Master’s Degrees Are Hot Again; Don’t Dog the PCAOB | 5.9.25

Pennsylvania 52

Pennsylvania CPA auditor tax return 52

Withum

SEPTEMBER 16, 2024

Here are key insights and reminders to help you navigate the complexities of employee benefit plan compliance for the 2023 filing year. Available for distributions made after December 31, 2023 Terminal illness-related distribution Allows for penalty-free withdrawals from retirement plans for individuals diagnosed with terminal illness.

CPA 124

CPA audit Real Estate income tax 124

CPA Practice

NOVEMBER 10, 2023

State CPA Societies in Action is a series of articles spotlighting the varied educational, advocacy, networking and professional activities of the state CPA societies across the U.S.] However, there has been a slight pickup of pre-CPAs, which has been encouraging.

Ohio 115

Ohio cpas CPA Non-Profits 115

Going Concern

FEBRUARY 17, 2023

It was only a couple days ago that the Journal of Accountancy published an interview with NASBA CEO and President Ken Bishop in which Bishop sternly warns states against even thinking about lowering the CPA licensure requirement to 120 units, something something mobility blah blah. The MNCPA initiative does not lower the bar to become a CPA.

Minnesota 119

Minnesota CPA Education cpas 119

CPA Practice

APRIL 19, 2023

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. Everything was handled by a CPA, from collecting client documents to doing the work and delivering the tax return, financial statements or other work products.

Technology 123

Technology CPA tax return auditor 123

CPA Practice

OCTOBER 2, 2023

However, it doesn’t mean CPA firms are finding it any easier to staff available positions — or hold on to the valued employees they already have in place. This finding is not surprising in a profession where unemployment rates for many in-demand roles, including accountants and auditors, typically trend well below the national average.

accounting and finance 128

accounting and finance cpa firm CPA Finance 128

CPA Practice

AUGUST 22, 2023

The Institute of Internal Auditors (IIA) – the internal audit profession’s leader in standards, certifications, education, research, and technical guidance worldwide – has approved Malta and Somalia as new affiliates to its global federation, further extending The IIA’s extensive international reach.

auditor 98

auditor audit Education CPA 98

Going Concern

MARCH 24, 2023

Reminder: you have until April 17 to weigh in on a proposal to extend the CPA exam window Practice Is it time for firms to transform their business model? Accounting Firm, Sees 15% Growth On Way to $2 Billion [ GlobeNewswire ] *makes jerkoff motion* Accounting Today recently named CLA (CliftonLarsonAllen LLP) to its 2023 Top 100 Firms List.

auditor 105

auditor Entertainment audit Real Estate 105

CPA Practice

FEBRUARY 27, 2025

This latest knowledge check, or informal quiz, highlights various aspects of the new confirmation standard, which was approved by the PCAOB in September 2023.

auditor 105

auditor audit accounted accountant 105

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 105

CPA auditor Tax accounted 105

Going Concern

OCTOBER 20, 2023

Local CPA weighs in on accountant shortage [ WMDT ] The Salisbury, MD news spoke to a UHY partner about the issue. CPA at UHY Group Mark Welsh tells 47ABC that recruiting slowing down has meant firms are turning to AI, Bots, and international workers to help fill demand, raising prices as much as ten percent for end-users. Welsh said.

CPA 111

CPA quickbooks Real Estate auditor 111

CPA Practice

FEBRUARY 28, 2024

Here’s some news from the labor market that’s both good and bad for CPA firm leaders and other employers of accounting and finance talent. In a similar survey our company conducted in mid-2023, that figure was significantly higher — 41%. If you were an in-demand accounting professional, would you want to join your CPA firm?

cpa firm 115

cpa firm CPA accounting and finance Finance 115

Going Concern

JUNE 23, 2023

The CPA Journal ] Generation Z is beginning to enter the workforce, bringing with it a demographic shift that will affect every facet of American society, including the accounting profession. Expect 2023 enforcement against auditors to focus on quality control, culture, ethics and integrity.

cpa firm 105

cpa firm CPA auditor North Carolina 105

CPA Practice

APRIL 9, 2024

receiving Bachelor’s and Master’s degrees in accounting has dropped 17% over the past six years to roughly 66,000 in 2022 compared to 80,000 in 2016, according to the AICPA 2023 Trends Report. The results are profound: more than 99% of the top CPA firm leaders in the US said they can’t adequately fill their staffing needs domestically.

cpa firm 122

cpa firm CPA Technology Legal 122

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 105

CPA auditor Tax accounting and finance 105