CTP

FEBRUARY 29, 2024

American gaming has boomed since sports betting and online gambling were legalized. So, as an accountant of a gambling client, you need to have detailed knowledge about gambling winnings and losses, as well as all the rules and regulations related to tax on gambling income. Gamblers are self-employed professionals.

Gambling 105

Gambling Tax Account accountant 105

Going Concern

JANUARY 13, 2023

A group representing minority shareholders on Friday filed a complaint with Brazil’s securities regulator against Americanas SA after the retailer uncovered “accounting inconsistencies” totaling 20 billion reais ($3.89 provides insight into shifting oversight priorities and practices related to audit committee composition.

audit 101

audit Account accountant accounted 101

ThomsonReuters

JUNE 9, 2023

In today’s rapidly changing business environment, firms need to stay on top of their audit compliance. In this blog post, we’ll provide some tips on how to ensure your firm is audit compliant and up to date with the latest industry changes. How do you ensure audit compliance? compatible.

audit 98

audit Non-Profits Technology auditor 98

Accounting Insight

NOVEMBER 29, 2022

Accounts payable automation, also known as AP automation or invoicing automation, is the process of automating accounts payable processes and activities while collecting the critical data required to make smart decisions, improve efficiency, and grow your business. IMPROVING AP EFFICIENCY BY ELIMINATING BOTTLENECKS IN THE AP PROCESS.

Accounts Payable Automation 52

Accounts Payable Automation accounts payable Technology accounting firms 52

Going Concern

MAY 24, 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. ICYMI: Here are the five most-read posts on Going Concern this week.

audit 71

audit auditor accounting and finance accounting firms 71

MyIRSRelief

MAY 22, 2023

Chicago, Illinois is home to numerous businesses and individuals who may face tax-related challenges such as tax audits, back taxes, and payroll tax problems. In this article, we will explore the benefits of professional tax help for Chicago taxpayers facing tax audits, back taxes, and 941 payroll tax problems.

payroll tax 147

payroll tax payroll audit Tax 147

CPA Practice

JANUARY 18, 2023

The season and games are longer today, but beyond that, not much else has changed in more than 120 years of professional baseball. After reading former MLB manager Joe Maddon’s recent book, The Book of Joe – cowritten with Tom Verducci –it struck me: The plight of the public accounting industry is not unlike that of Major League Baseball.

public accounting 120

public accounting Account accountant accounted 120

ThomsonReuters

NOVEMBER 29, 2023

This, in turn, puts tax departments at greater risk for even more audits and stiffer penalties. During the webinar, panelists discussed ways to reduce risk, avoid audits and potential penalties, and explore solutions to the challenges ahead. It can help under-resourced departments manage audits effectively.

audit 98

audit Technology Tax corporation tax 98

ThomsonReuters

OCTOBER 4, 2023

Jump to: How many accounting firms use AI? How do smaller accounting firms use AI? In today’s fast-paced business world, ignoring technology is not an option, and the field of accounting is no exception. How many accounting firms use AI? How do the Big 4 use artificial intelligence? For now, not many.

accounting firms 111

accounting firms Account accountant accounted 111

Going Concern

APRIL 1, 2024

Business Insider wrote about the accountant shortage, specifically Tupperware griping in regulatory filings that it can’t find enough people (again): The accountant shortage is so bad that companies are delaying filing key mandatory reports. A lot of this work that we’re doing is, I’d call it forensic accounting,” Cipriano said.

Account 103

Account accountant accounted audit 103

Menzies

DECEMBER 6, 2023

Menzies LLP - A leading chartered accountancy firm. Importance of an Audit A lot of business owners think audits are much of a muchness, however their quality can vary significantly. The annual audit is occasionally considered as a commodity purchase.

audit 52

audit auditor accounting and finance chartered accountant 52

Going Concern

MAY 6, 2024

Borgers with deliberate and systemic failures to comply with Public Company Accounting Oversight Board (PCAOB) standards in its audits and reviews incorporated in more than 1,500 SEC filings from January 2021 through June 2023. Last weekend’s weekend discussion: It’s Mental Health Awareness Month. We’re aware.

auditor 77

auditor audit Account accountant 77

Going Concern

JULY 11, 2022

That’s how much Tanvi Shah made in audit before she decided to quit Big 4 for good and make her social media side hustle a full-time gig. This post brought to you by RAID: Shadow Legends, one of the biggest mobile role-playing games of 2019 and it’s tota–oh wait, never mind, wrong post. £3,000 ($3,600) a month.

audit 104

audit Montana Management Consulting Start-ups 104

Withum

FEBRUARY 26, 2024

Obstacles/Benefits of Proof-of-Reserves Some potential obstacles of proof-of-reserves include: The cost and resources required to perform regular audits to prove reserves. The potential for errors or discrepancies to be found during the audit process could lead to negative consequences for the organization.

Gaming 52

Gaming audit auditor accounting and finance 52

Going Concern

NOVEMBER 10, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. “Financial reporting leaders, but also investors, regulators, and other stakeholders in the capital markets expect AI to drive audit quality. .

audit 104

audit accounting and finance auditor Mississippi 104

CPA Practice

JANUARY 10, 2024

The legalization of sports betting and online gambling has led to an explosion in gaming across America. This article summarizes Zak’s insights from my recent Earmark Podcast interview to provide accountants and tax professionals with key guidance. It does not account for any losses incurred.

Gambling 80

Gambling Tax Account accountant 80

CPA Practice

SEPTEMBER 25, 2023

AICPA & CIMA, which together form the Association of International Certified Professional Accountants, are rolling out Career Launchpad , an artificial intelligence-guided program for students interested in accounting and finance. Students receive real-time feedback, also driven by AI, to refine performance and boost confidence.

accounting and finance 116

accounting and finance Finance forensic accounting Account 116

Going Concern

MARCH 21, 2023

Was ChatGPT sent to us from the future to rescue the industry from the pipeline crisis by filling open accounting jobs with cyborgs and sentient machines? Accounting is ridiculously rules-based: assets = liabilities plus equities; debits = credits; cash in > cash out, etc. It isn’t just another game, it’s a different sport.

Account 104

Account accountant accounted tax return 104

CPA Practice

DECEMBER 19, 2023

In an era where AI, particularly generative AI, is reshaping industries, small accounting firms stand at a crossroads. As we approach 2024, the integration of AI into accounting practices is not just an opportunity for an advantage, but a necessity. Stay abreast of regulatory changes and guidelines specific to AI in accounting.

accounting firms 125

accounting firms Account accountant accounted 125

Airbase

NOVEMBER 2, 2023

Virtual cards are a game-changer for accounts payable departments. But when a virtual card payment program is backed by powerful software and accounting automation, the advantages extend far beyond the ease of online purchasing. The right virtual card program can save an accounts payable team hours of work every month.

accounts payable 130

accounts payable Account accountant accounted 130

Going Concern

JANUARY 26, 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. company, in a process riddled with conflicts of interest. AI Is your firm keeping pace?

Account 116

Account accountant accounted audit 116

CPA Practice

AUGUST 2, 2023

The American Institute of CPAs (AICPA) and CPA.com are seeking applicants for the 2024 Startup Accelerator program, which promotes the growth of early-stage companies to help advance the accounting and finance ecosystem. Being part of the 2023 Accelerator program has been a game-changer for Audit Sight,” said T.C. 9 at 2 p.m.

Account 98

Account accountant accounted cpas 98

Accounting Today

MARCH 14, 2024

This new standard changes the game for auditors to make risk assessments even more effective.

audit 91

audit auditor Gaming tax accountant 91

Going Concern

OCTOBER 25, 2022

It’s 2022 and accounting firms are proudly buying up “real estate” in the metaverse, putting out self-congratulatory press releases about it like it’s supposed to make us think they’re ahead of the curve on technology. Concept art: Who do we call to make this happen? Make PCAOB inspections drop rare outfits.

accounting firms 109

accounting firms Real Estate Gaming Account 109

CPA Practice

AUGUST 22, 2023

Businesses are still working through how to make this record-breaking consumer application relevant and lucrative for the enterprise and for industries such as accounting, heavy with administrative-filled, repetitive, number crunching processes, ChatGPT is turning out to be a game changer.

Account 98

Account accountant accounted NetSuite 98

Going Concern

NOVEMBER 28, 2022

Several US audit firms told the Financial Times that they had elevated some or all of their crypto-related clients to the status of “high risk”, triggering a more thorough audit that will take longer and lead to higher bills; some clients could ultimately be dropped altogether. Happy Monday! KPMG UK has announced a £5.5

Account 94

Account accountant accounted Gaming 94

Airbase

SEPTEMBER 14, 2023

These errors force accounting teams into troubleshooting mode, often when the pressure is on to get the books closed. An up-to-date and always-accurate GL is arguably the greatest feat of automated accounting and finance software. For our product, these are the accounting and operational workflows for company spend.

accounting software 130

accounting software NetSuite Account accountant 130

Going Concern

SEPTEMBER 9, 2022

Accounting department has record year at annual Meet the Firms event [ St. Who says interest in accounting is down these days! The figure includes salary, car allowances and bonuses, and points to what Chartered Accountants Ireland said was the “continued strong earning prospects for chartered accountants”.

audit 88

audit chartered accountant auditor New York 88

CPA Practice

JULY 19, 2023

a SaaS software company with a next-generation tax and accounting automation platform , has launched Gateway. The centralized dashboard empowers CPA firms of all sizes, providing seamless navigation across the audit and tax landscape. HubSync Co.,

audit 40

audit Tax cpa firm CPA 40

ThomsonReuters

JANUARY 3, 2023

What’s more, having additional time to unplug and pursue personal interests outside of work can actually improve audit quality , according to 2021 research by the American Accounting Association. Depending on the size of the firm and engagement, audit teams can have as many as seven professionals. According to the findings: .

auditor 59

auditor audit Technology Gaming 59

Going Concern

JUNE 9, 2022

The rumor mill got fired up a mere 14 days ago when the Wall Street Journal reported EY was considering splitting its audit and advisory arms (pesky regulators and conflicts of interest and whatnot). This is the weirdest game of tag ever. Deloitte reached out to investment bankers at Goldman Sachs Group Inc.

audit 73

audit accounting firms Gaming tax services 73

Going Concern

MAY 12, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. UK accounting sector needs to put more emphasis on its people [ AccountancyAge ] Across the UK, increasing turnover rates have been observed across barrios sectors.

CPA 109

CPA Account accountant accounted 109

Accounting Insight

MARCH 19, 2024

Introducing Inflo, who have been leading accounting firms’ evolution by modernising audit practices. Inflo is at the forefront of transforming the auditing profession. System Stability and Security: Increasing audit system stability and security for peace of mind. How did you get started?

audit 64

audit Technology auditor accounting firms 64

Going Concern

OCTOBER 31, 2022

The story is behind a paywall but Law.com says that during a recent Law.com webinar, EY global law leader Cornelius Grossmann said a new EY company, split from its audit business, would focus on largescale clients and projects that are multidisciplinary in nature, with legal services being a key—but not dominant—component. It has to work.”

Account 100

Account accountant accounted audit 100

TaxConnex

JULY 6, 2023

Now let’s look at how some companies have tried to game the system – and what to do so you don’t have to run that risk. Government Accountability Office’s “Remote Sales Tax: Federal Legislation Could Resolve Some Uncertainties and Improve Overall System,” issued late last year. Do not collect sales tax and fail to remit it.

auditor 130

auditor audit Tax Sales 130

Going Concern

AUGUST 8, 2023

Edward Ketz, Associate Professor of Accounting at Penn State. In the first, he explains why he is quitting the American Accounting Association (AAA). ” The AAA chose not to publish it in Accounting Education News and so we are instead. Edward Ketz Written for Accounting Education News , not published.

auditor 82

auditor Account accountant accounted 82

FraudFiles

DECEMBER 10, 2021

You are being audited. Blame and shame have no place in a tax audit. The task at hand is getting through the audit in a way that achieves the best possible result for the business. Lots of businesses have been guilty of the “shoebox method” of accounting or careless records retention. Every number could be scrutinized.

audit 52

audit Tax forensic accounting auditor 52