Going Concern

JANUARY 20, 2023

Practice Management How firms use stay interviews to boost retention [ Journal of Accountancy ] Job interviews have long been an essential part of the hiring process. But now, some public accounting firms are turning the lens on themselves.

auditor 88

auditor Technology audit financial statements 88

CPA Practice

MARCH 21, 2023

In the history of accounting errors, this is probably one of the largest if not the largest accounting error,” Grooms said. “A A lot of people depend on the accuracy (of the state annual financial report), namely the rating agencies in New York that grades our bond,” and determines how much interest the state pays in borrowing money.

South Carolina 126

South Carolina Account accountant accounted 126

Going Concern

JANUARY 16, 2024

In case you’re wondering why this is a Tuesday news brief and not a Monday one, it’s because we don’t work on MLK Day. Anyway, some news. Supposedly accounting is the hottest in-demand remote job : The most sought-after remote job companies are hiring for isn’t in tech, as you might expect. “ The No.

Account 92

Account accountant accounted audit 92

Going Concern

DECEMBER 1, 2022

In it, questions are tossed out about how accounting education will change along with the ambitious CPA exam overhaul, with concerns raised about the graduates who will apply their pre-Evolution education to a post-Evolution exam. According to NASBA, as of August 2022, there are 665,612 licensed CPAs covering 54 jurisdictions (NASBA 2022).

accounting degree 60

accounting degree Account accountant accounted 60

Going Concern

JANUARY 23, 2023

Brazilian retailer and PwC client Americanas filed for bankruptcy, its three largest shareholders said over the weekend they had not known of $4 billion in accounting inconsistencies. “We didn’t know of and would never allow any accounting manipulation in the company”, they said in a statement.

public accounting 100

public accounting Account accountant accounted 100

Going Concern

MARCH 15, 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. Accounting giant renews lease in downtown S.F. —

auditor 98

auditor audit cpas Iowa 98

Going Concern

APRIL 10, 2023

Smaller accounting firms have asked Big 4 to share their expertise [ FT ]: Smaller rivals have called on the UK’s Big Four accounting firms to share their audit expertise and technology, but partners at the big firms say they fear being accused of breaking competition law if they do so. Will technology solve the accountant shortage?

Technology 56

Technology Account accountant accounted 56

Going Concern

SEPTEMBER 16, 2022

EY fired auditor for not approving illegal transactions, says a new lawsuit [ Reuters ] Ernst & Young LLP has been sued by a former partner who says she was forced out of her job for refusing to sign off on client transactions that violated tax and securities laws. Accounting Firm M&A. PwC HK, KPMG to host U.S.

auditor 76

auditor Iowa audit Mississippi 76

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 85

CPA auditor Tax Account 85

Going Concern

SEPTEMBER 22, 2023

Here we are again talking about the accountant shortage. Mark Maurer at Wall Street Journal wrote today about a young man named Omer Khokhar who realized after six years in accounting that he was done. The article title: “Job Security Isn’t Enough to Keep Many Accountants From Quitting.” ” Ruh-oh.

Account 110

Account accountant accounted CPA 110

TaxConnex

DECEMBER 23, 2021

Industry observers look for New York, Ohio and New Jersey to soon intensify enforcement. California , to cite one state, audits about one percent of active accounts each year (at least so far), “concentrating on those most likely to be inaccurate in their tax reporting.” Treat the auditor respectfully.

audit 168

audit Sales Tax auditor 168

Going Concern

SEPTEMBER 18, 2023

Sierra, a 23-year-old associate in New York is feeling “horrible” pressure to perform so she is not laid off. This next wave of hiring will help the IRS add key talent like tax accountants to help reverse a decade-long decline of audits for the wealthy as well as complex partnerships and corporations.

audit 60

audit Account accountant accounted 60

Going Concern

JANUARY 29, 2024

Accounting Ranks First In Something Good For Once More 2. We are in the midst of a transformation, if not a revolution, whereby the role of an “accountant” is no longer confined to ledgers and balance sheets, but extends to realms previously unimagined. More on the New York non-CPA ownership bill.

auditor 52

auditor cpa firm 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 76

public accounting Account accountant accounted 76

CPA Practice

JANUARY 22, 2024

A top midtier accounting firm ended 2023 by having the most new initial public offering (IPO) audit clients in the fourth quarter, as the number of companies going public dropped compared to the previous quarter, according to an analysis by Ideagen Audit Analytics. The final quarter of 2023 saw 40 new IPOs, raising a total of $4.2

audit 64

audit auditor New York accounting firms 64

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. CPA Exam Friendly reminder, deadlines to apply for BEC before the new exam in 2024 are quickly approaching. What CPAs can learn from Smucker’s [ Accounting Today Voices ] J.M.

auditor 90

auditor audit New York CPA 90

Going Concern

APRIL 21, 2023

The plan is to borrow money from banks and use ‘accounting maneuvers’ so that Everest’s failure does not completely destroy partner payouts. arm remain furious that their hopes of a multimillion-dollar payout from the deal were thwarted by a handful of senior auditors, according to people familiar with the matter.

Account 96

Account accountant accounted auditor 96

CPA Practice

JANUARY 22, 2024

and Simon Casey, Bloomberg News (TNS) Archer-Daniels-Midland Co. agricultural trading giant suspended its chief financial officer and cut its earnings outlook pending an investigation into its accounting practices. in New York, wiping out more than $8 billion of market value. By Gerson Freitas Jr. plunged after the U.S.

Account 52

Account accountant accounted Agriculture 52

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. He will be starting as an investment-banking analyst for the technology, media and communications team in New York City at Lincoln International this summer.

CPA 103

CPA Account accountant accounted 103

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. But federal monitoring is making a comeback under new leadership. KPMG’s U.S.

Account 107

Account accountant accounted audit 107

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 85

Florida Tax North Dakota Account 85

Going Concern

APRIL 3, 2023

EY fined, banned from some audits in Germany over Wirecard scandal from Reuters : Germany’s accounting watchdog on Monday handed the 2016-2018 auditor of Wirecard, named in the company’s annual reports as EY, a 500,000 euro fine ($541,650.00) and banned it from taking on new audits for companies of public interest for two years.

auditor 52

auditor Account accountant accounted 52

Going Concern

MARCH 11, 2024

We’ll be doing an article shortly, in the meantime here are some quotes from INSIDE Public Accounting : Bob Cedergren, MNCPA board chair added, “I can tell you from my own experience, through conversations with colleagues throughout the country and the members of the MNCPA, that we have a significant shortage of CPAs.

audit 60

audit Minnesota Account accountant 60

Going Concern

MARCH 8, 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. District Court for the Southern District of New York said.

audit 68

audit auditor New York Legal 68

Going Concern

JUNE 23, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Talent How Can the Accounting Profession Attract a Diverse Generation Z? [ In interviews with three firms, two in New York and one in Great Bend, Kan.,

cpa firm 92

cpa firm CPA auditor North Carolina 92

Going Concern

APRIL 6, 2022

With the ongoing Great Resignation across all industries and the critical pipeline problem contributing to a shortage of accountants , the profession is in a bit of trouble. We’ll update it should we have more information, and keep an eye out for 2022 Big 4 compensation data as the new numbers roll out later this year. Manager: 2%.

accountant salary 53

accountant salary Account accountant accounted 53

Going Concern

APRIL 5, 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. Education School of Accounting will honor alums at Wilton T. Foreshadowing maybe.

auditor 73

auditor audit Oklahoma CPA 73

Going Concern

MAY 15, 2023

But a declining CPA pipeline has accountants asking: Is the 150 now a barrier to becoming a CPA? The plaintiffs also asserted claims against FTX’s accounting firms, Armanino LLP of San Ramon and Prager Metis CPAS, Inc. of New York. Is it time to reimagine how we prepare CPAs for an increasingly evolving profession?

Account 52

Account accountant accounted cpas 52

Going Concern

DECEMBER 13, 2022

The Fall of Wirecard, a Tech Scandal That Rocked Germany, Reaches a Courtroom [ New York Times ]. billion, through false accounting from 2015 until Wirecard collapsed in June 2020. But two years ago its auditor, EY, declared it could not find nearly 1.9 The trial is expected to take at least a year. Cronos Group Inc.

Account 74

Account accountant accounted auditor 74

Going Concern

APRIL 21, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. But that might be the least of it: The outlook for EY’s business of charging for advice and accounting is getting weaker in the U.S. A failed breakup attempt cost the company $600 million.

Account 96

Account accountant accounted audit 96

Going Concern

NOVEMBER 25, 2022

FRC to fine Deloitte £440k over 2018 audit [ Accountancy Today ]. According to the FRC, it found serious failings in the reviewed audit, which demonstrated a “significant departure from the standards expected of a registered auditor”. KPMG Australia appoints first-ever head of metaverse future [ Accounting Today ].

audit 82

audit Account accountant accounted 82

Going Concern

JULY 10, 2023

New to Crain’s top 25 is New York-based KPMG. Other leading accounting firms such as New York-based Deloitte and Ernst & Young also reported upticks in their Chicago headcounts. The post Monday Morning Accounting News Brief: Deloitte Goes Big in Boston; Advisory Readies For Pain | 7.10.23

Account 73

Account accountant accounted CPA 73

Going Concern

MARCH 11, 2022

New York Times ] The Internal Revenue Service said on Thursday that it planned a hiring spree this tax season as it tries to clear a backlog of more than 20 million unprocessed tax returns from previous years. The Top 100 Firms and Regional Leaders [ Accounting Today ] AT’s annual dick measuring contest is here!

auditor 63

auditor tax return audit Account 63

Going Concern

JUNE 29, 2022

The hardworking human beings at Audit Analytics have released their analysis of initial public offering trends and IPO auditor market share for the first quarter of this year , a period in which the number of companies going public was minuscule compared to Q1 of 2021. Of the 300 SPACs that completed a merger, 88% engaged a new audit firm.

audit 92

audit auditor New York financial statements 92

Going Concern

FEBRUARY 3, 2023

An email sent on Thursday to retired partners of the Big Four accounting firm, seen by the Financial Times, said US executives were considering a request to boost pension payouts or hand the retirees shares in the new consulting business. Grant Thornton were auditors until McCann became Ergo’s chairman in 2015.

cpas 100

cpas quickbooks accounting and finance auditor 100

Going Concern

JULY 7, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Accounting is the language of business: If you understand this language, you can work creatively across the world of finance. ” We just want to call attention to the image he chose.

audit 87

audit Account accountant accounted 87

Going Concern

SEPTEMBER 1, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. The Monday Morning News Brief will be published Tuesday. The Monday Morning News Brief will be published Tuesday. Check out this week’s top remote accounting candidates.

Account 91

Account accountant accounted audit 91