ThomsonReuters

DECEMBER 6, 2022

Given the increased focused on ESG, this blog marks the first in a series dedicated to ESG and its impacts on the accounting profession. What is ESG accounting? As a growing number of businesses focus on ESG-related initiatives, accounting is playing an increasingly important role. Then there’s the tax implications.

auditor 59

auditor Account accountant accounted 59

Going Concern

AUGUST 11, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Talent After a pandemic-era hiring binge, consulting firms are cutting back [ Crain’s Chicago Business ] There’s a paywall but you kids are internet savvy.

Account 82

Account accountant accounted Tennessee 82

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. PwC posted its summer 2025 internships for areas including tax and consulting in September, the earliest the firm has ever advertised internship positions, said Rod Adams, who leads hiring for the U.S.

auditor 106

auditor audit accounting firms accounting and finance 106

Going Concern

JULY 1, 2022

Accountants are voted the best kissers in Britain ahead of doctors and nurses while civil servants, bankers and lawyers are rated as the worst [ Daily Mail ] Often ridiculed as boring beancounters, accountants have surprisingly been voted the best kissers – ahead of doctors, nurses and engineers. Enjoy the holiday weekend maybe? .”

Tax 59

Tax Account accountant accounted 59

inDinero Accounting

JULY 2, 2021

Automated accounting saves time on, well, counting, and sorting, comparing, and categorizing data. Instead, automating such tasks enables accounting professionals to focus on building scenarios, testing for desired outcomes, and advising business decisions with richer insight. Automating accounting affects your business.

Technology 67

Technology Account accountant accounted 67

Going Concern

JUNE 17, 2022

VCs Target AI Accounting Startups as Companies Look to Control Spending in Uncertain Economy [ Wall Street Journal ] It’s finally happening! World-wide, startups making AI-powered accounting software amassed $233.3 Do mid-sized firms not know how to use email? Let the robot takeover commence!

Account 52

Account accountant accounted chartered accountant 52

Going Concern

OCTOBER 7, 2022

The focus groups are part of a “whipping operation” aimed at establishing support for the break-up within the partnership, identifying partners who may vote against the proposals so that they can be persuaded to change their minds, according to one person familiar with the firm’s strategy. Firm Watch. ?FRC stood at 3.18 trillion won.

Illinois 91

Illinois CPA audit tax return 91

MarkFriedlich

MARCH 30, 2020

The CARES Act (the “Act”) provides temporary relief from FASB Accounting Standards Update (ASU) No. 2016-13, Financial Instruments —Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. The post The CARES Act Provides Temporary Relief from CECL Standard appeared first on Tax & Accounting Blog.

accounting standards 160

accounting standards financial accounting Tax Account 160

CPA Practice

SEPTEMBER 7, 2023

The Financial Accounting Standards Board (FASB) unanimously approved new rules on Sept. Last October, the FASB recommended that fair value was the right accounting method for crypto assets, which was a noteworthy development because there currently are no accounting or disclosure rules specifically for crypto assets.

accounting standards 98

accounting standards financial statements Account accountant 98

Going Concern

MAY 19, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. ICYMI I Love Accounting. At its core, accounting is a challenging career that requires growth and learning and can usually pay pretty well. So I Had to Leave. [ So I Had to Leave. [

auditor 99

auditor audit accounting and finance South Carolina 99

CPA Practice

APRIL 27, 2023

Professionals on the Move is a roundup of recent hiring and promotion announcements from around the accounting profession. FASB Names Three New Members to Its Investor Advisory Committee The Financial Accounting Standards Board (FASB) recently announced the appointment of three new members to its Investor Advisory Committee (IAC).

Real Estate 52

Real Estate Entertainment accounting and finance accounting firms 52

Going Concern

OCTOBER 1, 2022

Partners at Deloitte in the UK and Switzerland will receive an average income of more than £1m each for the second year in a row, after the accountancy firm enjoyed another successful year. KPMG junior in Carillion forgery case should have questioned orders, tribunal says [ Financial News ]. Firm Watch. Accountant Life.

Non-Profits 94

Non-Profits audit auditor public accounting 94

Going Concern

SEPTEMBER 15, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Happy National Leave Your Accountant the F**k Alone Day , everyone! The Public Company Accounting Oversight Board (PCAOB) will hold an open meeting on Tuesday, September 19, 2023, at 10:00 a.m.

audit 103

audit Colorado CPA Texas 103

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? Journal of Accountancy ] Pandemic pressures have worn the workforce thin, and the economy is in the thick of rapid, radical change. CLA, 8th Largest U.S.

auditor 98

auditor audit Entertainment Real Estate 98

Going Concern

JUNE 30, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. The Market Accounting firms question the partnership model [ Financial Times ] Several US accounting firms have taken investments from private equity groups to pay for acquisitions.

audit 103

audit accounting firms Real Estate New Jersey 103

CPA Practice

MARCH 7, 2023

The Uniform Certified Public Accountant Examination (CPA Exam) is regularly updated to reflect enhancements to accounting and auditing standards as well as tax laws and regulations — and to improve the efficiency of the exam. What do the 2024 CPA Exam changes mean for accounting practices? You have to sell them.”

Technology 137

Technology CPA cpas audit 137

Going Concern

APRIL 7, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Build ChatGPT into Excel [ Journal of Accountancy ] Note that this process currently works in Microsoft Excel 365, Microsoft Excel 365 for Mac, and Excel for the web. I can imagine it.

auditor 102

auditor chartered accountant audit accounting and finance 102

CPA Practice

APRIL 11, 2023

In this newly created role, Yujuico, a Certified Public Accountant, will oversee day-to-day activities of the growing team of chief auditors, crew and cadets. In this role, Yujuico assisted with the execution of audit quality initiatives and facilitated accounting and auditing training.

institute of chartered accountants 52

institute of chartered accountants auditor audit chartered accountant 52

Going Concern

NOVEMBER 18, 2022

EY split threatens to weaken both sides of firm, say retired partners [ Financial Times ]. More than 150 retired EY partners have written to the accounting firm’s leadership objecting to the radical plan to split its consulting and audit businesses. Bam is a chartered accountant and an outstanding South African.

Technology 76

Technology audit auditor accounting and finance 76

Going Concern

MARCH 22, 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. Look no further, Accountingfly’s top remote accounting candidates of the week are here.

Minnesota 94

Minnesota cpas audit CPA 94

Going Concern

JUNE 3, 2022

Accountant Finds Out Client Has “Skeletons In The Closet”, Gets The IRS Involved And Makes Him Lose Everything [ Bored Panda ] It was posted on Reddit so obviously it must be true. Wilson turned it down, though, and opted instead to pursue grad school.

audit 94

audit chartered accountant accounting standards Arizona 94

CPA Practice

MAY 18, 2023

Victoria Saravia Bazoberry (New York), a graduate of the University of Notre Dame with a Bachelor of Business Administration in accountancy, is employed with KPMG LLP in New York, NY. Sells, one of the first CPAs in the U.S., was active in the establishment of the AICPA and played a key role in advancing education within the profession.

CPA 128

CPA institute of chartered accountants chartered accountant North Dakota 128

CPA Practice

APRIL 11, 2023

The Financial Accounting Standards Board ( FASB ) will host a fireside chat on Tuesday, April 11, 2023, from approximately 1:00 – 1:30 p.m. and former SEC chief accountant. EDT, with Rich Jones, FASB Chair and Wes Bricker, PwC – Vice Chair US/Mexico Trust Solutions Co-Leader, current chair for XBRL International Inc.,

accounting standards 52

accounting standards auditor financial statements financial accounting 52

PYMNTS

JANUARY 2, 2020

The largest accounting firms – EY, Deloitte, KPMG and PwC – are investing billions of dollars in artificial intelligence (AI) and data technology products to change the industry in new ways, according to a report by Bloomberg Tax. That means accountants will be expected to become business advisers, not just number checkers.

Technology 71

Technology auditor accounting and finance accounting standards 71

CPA Practice

AUGUST 1, 2023

The Financial Accounting Standards Board ( FASB ) has published a proposed Accounting Standards Update (ASU) intended to provide investors with more decision-useful information about a public business entity’s expenses. Stakeholders are encouraged to review and provide comment on the proposal by October 30, 2023.

accounting standards 52

accounting standards auditor Manufacturing financial statements 52

Going Concern

MARCH 4, 2022

Pandemic has exacerbated tax-season anxiety, accountant says [ Global News ] No s**t? SEC Chief Accountant Lauds FASB for Engaging Investors, Stakeholders on Potential New Standards [ JD Supra ] Paul Munter, acting chief accountant for the SEC’s Office of the Chief Accountant, on Feb.

audit 66

audit Kansas auditor bookkeeping jobs 66

PYMNTS

DECEMBER 4, 2020

EY’s Wirecard fiasco triggered a 90 percent freefall in its share price in June, while critics have come down on the accounting firm for not noticing billions were missing. EY has been approving Wirecard’s financial accounts for over 10 years. billion supposedly in a Philippines bank might have never existed.

audit 75

audit auditor Legal accounting firms 75

PYMNTS

OCTOBER 25, 2019

Top accountancy firms are asking the Financial Accounting Standards Board (FASB) to clarify how corporates should report on supplier finance programs that are in place, according to Compliance Week reports on Friday (Oct.

Finance 40

Finance accounting and finance top accounting firms financial statements 40

Going Concern

MARCH 25, 2022

These are the 5 most ‘boring’ — and exciting — jobs in the world, according to a recent study [ CNBC ] You’ll be happy to hear accounting made #2 on the most boring list. Don’t feel bad, MY job ranked #3 most exciting and I assure you it absolutely is not, I write about accounting after all. “I PCAOB Spotlight PDF here.

tax return 52

tax return audit auditor cpas 52

ThomsonReuters

OCTOBER 12, 2023

From understanding what foreign income is to navigating various tax forms and deductions, it is important for accountants to understand the ins and outs of U.S. If the aggregate value of your foreign financial accounts, including bank accounts, exceeds $10,000 at any point during the tax year, you must file an FBAR to disclose these accounts.

Tax 40

Tax tax return income tax Real Estate 40

PYMNTS

OCTOBER 28, 2019

The Big Four auditing firms — EY, Deloitte, KPMG and PwC — have recently requested that the Financial Accounting Standards Board (FASB) provide clarity in how corporates should classify their reverse factoring or supply chain financing agreements, adding more fuel to a long-standing debate as to whether such trade financing tools are debt.

B2B 40

B2B accounting and finance accounting standards Finance 40

CPA Practice

SEPTEMBER 6, 2023

From the advent of first-to-market generative AI systems like ChatGPT, to highly specialized, accounting-focused systems, proponents of AI are fervent in their belief that the technologies will dramatically improve client services, firm management, small business accounting and many other areas of operations.

Technology 122

Technology accounting and finance Tax CPA 122

ThomsonReuters

OCTOBER 19, 2023

The law was largely ignored by accounting professionals at first. This presents a unique opportunity for accounting firms and tax accounting professionals to enhance their revenue streams by diversifying their service offerings. Who does the Corporate Transparency Act affect?

Non-Profits 111

Non-Profits Tax accounting firms Account 111

CPA Practice

MAY 30, 2023

Additionally, and this is partly anecdotal, candidate numbers were likely higher than would have been usual from about 2007 to 2009-ish, as the economy circled the drain and accounting was one of the only professions in which one could find a job fairly easily.

CPA 116

CPA cpas accounting degree audit 116

CPA Practice

JUNE 1, 2023

AICPA & CIMA Now Offers New Learning Tools for Accounting Professionals The AICPA & CIMA recently announced the offering of anew online learning platform to help accounting and finance professionals improve and update their skills to take advantage of a digital accelerating business environment.

institute of chartered accountants 111

institute of chartered accountants chartered accountant North Dakota Wisconsin 111

CPA Practice

JANUARY 17, 2023

In the last few years there has been a shortage of critical skills with regards to the accounting profession and especially in the output of North American and European professionals with CPA, EA and CMA qualifications. This accounting qualification shortage has put a squeeze on firm owners who require individuals with these designations.

cma 126

cma CPA accounting and finance public accounting 126

Anders CPA

DECEMBER 11, 2023

In this podcast episode from the Summit Virtual CFO by Anders Modern CPA Success Show , Tom Wadelton is joined by colleagues, Christy Buchanan and Guillermo Rodriguez , as they discuss the cannabis industry as a niche for accounting firms. Join us as we change the way people think about accounting.

South Dakota 52

South Dakota Legal Texas Missouri 52