Going Concern

MAY 16, 2024

Struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? With our Always-On Recruiting service, access a pool of skilled remote accountants without any upfront costs. Accountingfly can help! Sign up now to see the complete candidate list and connect with potential hires.

Real Estate 57

Real Estate Account accountant accounted 57

Going Concern

MAY 13, 2024

AT&T is coming for your recruits : AT&T Woos Accounting Students, Bypasses Big Four Training Ground AT&T Inc.’s ’s top accountant is confronting a competitive job market by rethinking the company’s traditional reliance on large CPA firms as a training ground for new hires, taking her recruiting pitch on-campus instead.

Oregon 94

Oregon Account accountant accounted 94

CPA Practice

APRIL 29, 2024

Calling all public company executives, board members, auditors, financial analysts, and investors: The Public Company Accounting Oversight Board’s Investor Advisory Group (IAG) needs a favor. KAMs are selected from matters communicated with those charged with governance.

auditor 64

auditor audit financial statements Government 64

Going Concern

MAY 23, 2024

Struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? With our Always-On Recruiting service, access a pool of skilled remote accountants without any upfront costs. Accountingfly can help!

Real Estate 57

Real Estate Account accountant accounted 57

CPA Practice

FEBRUARY 17, 2023

accounting firms perform approximately 40,000 single audits for clients who receive federal grants. The single audit process is very complex, specific, and ever-changing,” said Piritta van Rijin, Global Head of Product, Accounting, Tax & Practice, Thomson Reuters. Each year, U.S.

auditor 52

auditor audit accounting firms financial statements 52

Going Concern

APRIL 30, 2024

It’s been almost six years since the Canadian government legalized recreational cannabis and ever since, a microcosm of financial reporting and auditing has been growing (no pun) beside it. Note that many companies switched auditors so not all fees listed went to the current auditor.) billion Canadian dollar ($3.7

auditor 109

auditor audit Legal Tax 109

Going Concern

APRIL 29, 2022

ICYMI | The CPA Evolution Project Realigns the Professional Certification and Challenges Accounting’s Viability as a Stand-alone Major [ The CPA Journal ] Accounting—at least as an independent field of study—is becoming obsolete in today’s technology- and analytics-focused world. Less work for EY auditors?

auditor 52

auditor audit Account accountant 52

Going Concern

MAY 26, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. The accounting firm is embroiled in a national scandal over its use of confidential information about proposed tax laws to drum up business. Have a safe Memorial Day. million over a decade.

public accounting 102

public accounting Account accountant accounted 102

Going Concern

APRIL 12, 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. While the average mean salary for accountants in the U.S.

CPA 104

CPA auditor Tax audit 104

ThomsonReuters

JUNE 16, 2023

When one thinks of accounting fraud, it is likely that these are some of the cases that come to mind. However, most cases of accounting fraud will not make news headlines and can happen in companies of all sizes and industries. When someone is found guilty of committing accounting fraud, they are subject to criminal prosecution.

Account 93

Account accountant accounted financial statements 93

Going Concern

APRIL 15, 2024

In response, the Public Company Accounting Oversight Board has drafted a rule that the accounting firms can have public trust or private financials—but they can’t have both. Public accounting firms operate in a unique space in our society. But what about the books of the auditor? Right now, they don’t.

audit 62

audit Account accountant accounted 62

CPA Practice

MAY 14, 2024

The Public Company Accounting Oversight Board (PCAOB) has overhauled its decades-old quality control requirements for audit firms by adopting a new standard on May 13 designed to put the onus squarely on auditors and executives. Firms themselves have also changed significantly, as has the role of firm networks.

auditor 69

auditor audit accounting firms financial statements 69

TaxConnex

JULY 6, 2023

Government Accountability Office’s “Remote Sales Tax: Federal Legislation Could Resolve Some Uncertainties and Improve Overall System,” issued late last year. A customer undergoing their own audit might reveal one of your invoices, with the auditor possibly contacting you for a certificate of exemption or other documents.

auditor 130

auditor audit Tax Sales 130

Going Concern

APRIL 1, 2022

in accounting [ Accounting Today ] Some of the main job gains occurred in leisure and hospitality, and professional and business services, along with retail trade and manufacturing. Professional and business services added a total of 102,000 jobs in March, including 18,200 in accounting and bookkeeping services. Ah, memories.

auditor 52

auditor accounting jobs accountant jobs accounts jobs 52

Going Concern

FEBRUARY 27, 2023

The Big 4 Accounting firm announced the independent review following the tragic death of EY worker Aishwarya Venkatachalam, 27, who fell to her death from the 11th floor of the company’s Sydney office in August last year. . From FloQast : Six in ten (63%) U.K. From FloQast : Six in ten (63%) U.K.

Technology 104

Technology Account accountant accounted 104

Withum

JULY 12, 2023

Whatever the case may be, you may need an audit of your financial statements. If you have been tasked to communicate with the auditors, you are aware of the many emails, phone calls, and documents that flow back and forth from the beginning to the end of the audit. Who are those charged with governance?

audit 52

audit auditor Real Estate financial statements 52

ThomsonReuters

JUNE 28, 2023

Let’s take a look at some best practices accounting firms can use to help clients overcome the challenges of ESG data collection and management. When you look at ESG through the lens of a tax and accounting firm, reporting on environmental, social, and governance factors is enabled by data.

Tax 98

Tax auditor audit Technology 98

ThomsonReuters

JANUARY 18, 2024

Jump to: What are the roles and responsibilities for accountants? Accountant vs. CPA vs. tax preparer: What are the differences? GAAP and AICPA What issues should accountants be aware of in the profession? How can accountants be more efficient? Accountant responsibilities extend far beyond number crunching.

Account 59

Account accountant accounted tax preparation 59

Going Concern

FEBRUARY 10, 2023

Talent As tax season approaches, accounting firms are short on staff [ Marketplace ] Oh hey! How can employers optimise working environments to support the needs of their accountancy teams and ultimately retain them, all while adding value to their organisation? The stablecoin firm released BDO’s assurance opinion on Feb.

Florida 104

Florida Tax North Dakota Account 104

CPA Practice

MARCH 13, 2024

In ADM’s 10-K annual financial report, which had been delayed because of problems with the segment sales numbers, the company states it has identified “a material weakness related to the company’s accounting practices and procedures for intersegment transactions.” ADM also emphasizes it’s already been busy trying to clean things up.

Account 52

Account accountant accounted Legal 52

PYMNTS

JANUARY 2, 2020

Several high-profile corporate collapses and initiatives from corporate accounting standard-setters have raised questions about businesses’ use of supply chain finance and whether the trade finance tool prevents investors and auditors from gaining a transparent view into company finances.

auditor 52

auditor accounting and finance audit Finance 52

Going Concern

NOVEMBER 24, 2023

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. A recent Tax Court opinion demonstrates this point well.

auditor 113

auditor audit tax return cpas 113

Going Concern

NOVEMBER 14, 2022

.” You’re probably going to hear a lot about FTX in coming weeks, for now former and current auditors Armanino and Prager Metis face scrutiny over FTX founder Sam Bankman-Fried’s bankrupt crypto empire ( CoinDesk also joined us in ripping on the Prager Metis metaverse space ). listed casino businesses operate.

Account 57

Account accountant accounted auditor 57

Going Concern

OCTOBER 27, 2022

.” The administrators, whose job it is to find some funds to repay NMC creditors, say EY auditors did not detect that NMC’s accounts were fraudulently misstated to the tune of a couple billion dollars. The firm said the alleged fraud “involved the falsification and concealment of accounting records and other documents”.

audit 103

audit auditor Legal Transportation 103

PYMNTS

JUNE 11, 2020

With market volatility and economic pressure higher than it has been in more than a decade, the ways businesses manage and account for their money is inevitably included in that wave of operational change. That means significant implications for the ways accountants and auditors operate both within an enterprise and externally from it.

corporate accounting 77

corporate accounting auditor Account accountant 77

Going Concern

FEBRUARY 19, 2024

Underemployed staff at the Big Four auditors risk losing their jobs as firms step up their scrutiny of employee workloads in a downturn. The liquidators were “taking steps to protect [their ability to bring] legal claims against auditors”, one of the people said. billion debt burden and total liabilities in excess of $300 billion.

auditor 57

auditor Account accountant accounted 57

Going Concern

SEPTEMBER 29, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. The accounting and advisory firm in an email said it plans to move its office from One Cleveland Center (1375 E. What CPAs can learn from Smucker’s [ Accounting Today Voices ] J.M.

auditor 109

auditor audit New York CPA 109

ThomsonReuters

MAY 2, 2023

Specifically, we’ll look at the need for auditors to maintain professional skepticism and document their work thoroughly to improve audit effectiveness and efficiency. In other words, how did the auditor identify a risk of material misstatement? Other controls based on auditor judgment.

audit 52

audit auditor financial statements Account 52

Snyder

NOVEMBER 22, 2022

It can be hard to keep up with new opportunities and technologies in our rapidly changing and evolving world, especially in a professional field such as accounting. Why is accounting important? What are basic accounting principles? What is accounting software? Basic accounting and its secrets. Contents: 1.

accounting principles 52

accounting principles basic accounting Account accountant 52

CPA Practice

APRIL 10, 2024

The Public Company Accounting Oversight Board (PCAOB) issued a pair of proposals on April 9, one of which would require audit firms to publicly disclose several metrics —including the involvement of partners and managers on an audit, auditor workload, and auditor turnover—on a new form that would be accessible to investors.

audit 52

audit auditor public accounting accounting firms 52

Going Concern

AUGUST 21, 2023

Someone who isn’t an auditor complains on Blockworks about using the word audit for things that aren’t audits and then explains in graphic detail the various audit-like things that one can engage in (that aren’t audits). I’ll leave this to my audit colleagues. Weaver is upgrading its Houston metro digs.

audit 52

audit Account accountant accounted 52

ThomsonReuters

MARCH 20, 2024

When it comes to Single Audits of local governments, nonprofits, school districts, and HUD engagements, auditors must navigate through a complex set of rules that are constantly changing. Auditors and managers can simultaneously sign off on multiple procedures, quickly check all engagement overviews, and identify missing answers.

audit 52

audit auditor cpas financial statements 52

ThomsonReuters

JANUARY 12, 2023

Amidst a complex audit environment, today’s accountants have many opportunities to take advantage of technology and specialize in up-and-coming focus areas. Governance risks include financial reporting, fraud prevention, executive pay transparency, and overall business dealings of the company. . What is ESG?

audit 52

audit auditor Technology Government 52

Going Concern

SEPTEMBER 22, 2023

In these roles, he provides financial leadership in support of Virginia Tech’s mission and serves as a trusted, collaborative resource for university leadership. Summing up Sid: The ultimate CPA and friend to all [ Journal of Accountancy podcast ] Plenty of CPAs can say they learned something from Sid Kess, who died last week at age 97.

audit 105

audit accounting and finance Virginia auditor 105

ThomsonReuters

APRIL 24, 2023

At the core of every audit is the identification and assessment of risks of material misstatement, which is critical given the potential impact on a company’s financial position. It also revises the definition of significant risk so that auditors will be focused on where the risks lie on a spectrum of inherent risk.

auditor 59

auditor audit financial statements Tax 59

Going Concern

DECEMBER 1, 2023

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. How Is Deloitte Making Accounting Accessible To Diverse Young Talent? Only 10.8%

cpas 109

cpas audit auditor CPA 109

Going Concern

JANUARY 6, 2023

The identified deficiencies primarily related to the firm’s testing of controls over and/or substantive testing of revenue and related accounts and expenses. But congrats to BDO auditors for making no screw ups in their three audits of issuers in the IT sector. Sixteen of the 30 audits we reviewed in 2021 are included in Part I.A

audit 98

audit Real Estate financial statements auditor 98