Going Concern

JANUARY 29, 2024

Accounting Ranks First In Something Good For Once More 2. EY Is Going on a Hiring Spree in the Philippines According to a Financial Times story published this morning , RTO isn’t going so hot at the King’s EY. More on the New York non-CPA ownership bill. ” You know how much I love my ancient documents!

auditor 52

auditor cpa firm Account accountant 52

CPA Practice

FEBRUARY 19, 2024

Professionals on the Move is a round-up of recent promotions and staffing announcements from around the accounting and tax profession. a Top 60 independent Certified Public Accounting (CPA) firm has expanded the leadership team in its Tax Advisory practice through the addition of several new hires. from Robert Morris University.

New Hampshire 64

New Hampshire audit accounting and finance Non-Profits 64

CPA Practice

FEBRUARY 1, 2024

Professionals on the Move is a round-up of recent promotions and staffing announcements from around the accounting and tax profession. a Top 60 independent Certified Public Accounting (CPA) firm has expanded the leadership team in its Tax Advisory practice through the addition of several new hires. from Robert Morris University.

New Hampshire 52

New Hampshire audit accounting and finance Non-Profits 52

MyIRSRelief

JULY 3, 2023

Businesses should be prepared to provide documentation supporting their ERC claims, including payroll records, financial statements, employment tax returns, and any other relevant records. Certified Public Accountants (CPAs): CPAs are licensed accountants with expertise in tax matters.

audit 130

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PYMNTS

APRIL 29, 2019

million after filing false financial statements and lying to auditors. As a result, the auditor was unable to sign off on Celadon’s previous financial statements. million settlement with the Securities and Exchange Commission (SEC) after the SEC charged the company with accounting fraud and internal control violations.

auditor 43

auditor Account accountant accounted 43

Going Concern

JULY 28, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. News Obituary of Jerome A. According to his family, he originally had planned to become a chemical engineer but changed to accounting because of ongoing prejudice against Jews.

Gambling 98

Gambling audit Technology accounting firms 98

Going Concern

JULY 24, 2023

Steven Wasserman wants everyone to know that the accountant shortage isn’t limited solely to accounting firms. I believe that early-stage companies are being more negatively impacted by the accountant shortage than large companies. Early-stage companies often have small accounting staffs. And companies.

Account 52

Account accountant accounted Hawaii 52

CPA Practice

SEPTEMBER 26, 2023

BDO USA was fined $2 million and two of the firm’s partners were fined a total of $60,000 by the Public Company Accounting Oversight Board (PCAOB) for failures in connection with the 2017 audit of AAC Holdings, which through its subsidiaries provides inpatient substance abuse treatment services, the audit regulator said on Tuesday.

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audit auditor New York financial statements 52

CPA Practice

DECEMBER 11, 2023

As we enter 2024, it’s natural to wonder what the future holds for this transformative emerging technology, especially for accountants. At the Ensuring Success Conference in Dallas , a session called “AI For Real: How Can Accountants Use This Technology?” reaches deal on landmark AI bill, racing ahead of U.S.

Technology 124

Technology audit E-commerce accounting principles 124

Going Concern

JUNE 29, 2022

All told there were 84 IPOs on the New York Stock Exchange and Nasdaq between Jan. Two public accounting firms that have benefited from the crazy wave of SPACs over the past two to three years are Marcum and Withum. 1 and March 31, raising a total of $11.3 This isn’t surprising, as Marcum is the largest auditor of SPACs.

audit 104

audit auditor New York financial statements 104

Going Concern

FEBRUARY 9, 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. million, Deloitte the least at $1.75

Technology 102

Technology Colorado audit cpa firm 102

Going Concern

MARCH 24, 2023

Journal of Accountancy ] Pandemic pressures have worn the workforce thin, and the economy is in the thick of rapid, radical change. Many practitioners in public accounting are feeling burned out. Stanton was licensed as a certified public accountant in New York in 1988 and had previously run his own firm.

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auditor audit Entertainment Real Estate 104

Going Concern

NOVEMBER 11, 2022

note: if you like accounting news, which you clearly do because you are reading this, we encourage you to sign up for our newsletter for even more accounting news. There’s definitely an accountant shortage out there’: MBAs have become the go-to degree and companies are struggling to hire enough CPAs [ Fortune ].

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Shay CPA

MARCH 22, 2023

These notable Section 174 changes can directly impact: Taxable income The estimated taxes you owe in 2022 Income tax provisions for financial statement purposes More details to know There are special rules under Section 174 that exclude Land and Exploration expenditures. New York), this also impacts that base rate.

Tax 52

Tax accounting principles accounting and finance income tax 52

Going Concern

MARCH 4, 2022

Pandemic has exacerbated tax-season anxiety, accountant says [ Global News ] No s**t? in Tax Season ‘Chaos’ [ New York Times ] At the Internal Revenue Service’s sprawling Kansas City, Mo., Antar (@SamAntar) March 4, 2022. Decades of Neglect Leave I.R.S. The NFT, Woman #2681, was purchased on Feb.

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Going Concern

DECEMBER 5, 2022

In an article for CoinDesk , Francine McKenna took a crack at why the FTX debacle happened, and like she always does when there ’s really bad accounting at a company going through a financial crisis, who are/were the auditors: It’s not clear why FTX commissioned two different audit firms to audit its 2020 and 2021 financial statements.

audit 52

audit auditor financial statements public accounting 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. In addition to his new role, he will continue to serve as co-director of the firm’s DC-Metro tax practice.

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audit accounting and finance Virginia auditor 107

Baruch Lev

NOVEMBER 11, 2021

He was last on back in July 2016 and we discussed his book, The End of Accounting and the Path Forward for Investors and Managers. We talk more about that book and his more recent article in Accounting Today, The sad state of accounting standards. What’s been the professions’ reaction to the book, The End of Accounting ?

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PYMNTS

JUNE 20, 2019

An investigation was launched after the New York Times wrote a series of pieces in 2012 outlining how Walmart may have paid for permits to build stores. The faulty information was then displayed on Walmart’s financial statements. The settlement was reached on Thursday (June 20) in a Virginia federal court.

Construction 43

Construction Virginia Legal New York 43

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 99

audit auditor New York Legal 99

Going Concern

NOVEMBER 20, 2023

Here’s an article from AccountancyAge on mental health in the profession : In the precise and structured realm of accounting, the topic of mental health is often an overlooked narrative. Behind the precision of financial statements and the clarity of audits, accountants confront a set of unique challenges.

Account 99

Account accountant accounted audit 99

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 104

cpa firm CPA auditor North Carolina 104

Going Concern

APRIL 22, 2024

Thomson Reuters writes about the National Pipeline Advisory Group (NPAG), one of the AICPA’s multi-faceted initiatives to address the accounting talent crisis. The accounting talent pipeline discussion in the press and social media has centered around the idea of modernizing the licensure requirements.

auditor 103

auditor Account accountant accounted 103

Going Concern

MARCH 17, 2023

Restoring Exam credits expired during COVID would help address CPA shortage [ AICPA ] The accounting profession is confronted with a talent shortage, and reinstating CPA exam credits that have expired since January 1, 2020, could have an immediate impact on our CPA pipeline. Certainly, credit goes to all who are attempting to do something.

Government 97

Government Gambling audit CPA 97

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. To the media!

Account 117

Account accountant accounted audit 117

CPA Practice

APRIL 26, 2023

To ensure that financial reporting is accurate and transparent, accounting needs to keep up. At the same time, these entities have an increased need for accounting transparency – and not just because it’s the right thing to do, but also because citizens are demanding it. Who needs to capitalize SBITAs? Don’t wait!

accounting principles 75

accounting principles New Jersey Government financial statements 75

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 98

auditor Technology audit financial statements 98

CPA Practice

DECEMBER 29, 2023

For accounting for decades, Brian F. And so I think the education market, you know, we’ve had double digit drop offs in accounting. I think there’s a crisis there with the I think there’s a disconnect between what accounting is today and what it will be in five years, and what the programs are training people for.

Technology 59

Technology quickbooks cpa firm CPA 59

Going Concern

FEBRUARY 2, 2024

In 2014, real estate investment trust Ventas had to fire EY when the company discovered an inappropriate relationship between an audit partner and the company’s former chief accounting officer and controller. That’s one person who held both titles, not a polyamory situation. Wouldn’t that have been fun!

auditor 12

auditor audit Sports Real Estate 12

Withum

NOVEMBER 17, 2022

Consider increasing the amount you set aside for next year in your employer’s health flexible spending account (FSA). Tax-Advantaged Accounts. It may make sense to convert all or part of your eligible retirement accounts (e.g., Capital Gain Planning. million per individual lifetime exemption in 2022, or $24.12

tax planning 98

tax planning Tax Construction income tax 98

CPA Practice

NOVEMBER 3, 2023

By Molly Crane-Newman, New York Daily News (TNS) Donald Trump’s eldest sons testified back-to-back at the family’s fraud trial in Manhattan Supreme Court on Thursday—both denying involvement in statements that exaggerated their father’s net worth by billions despite evidence to the contrary. Absolutely.” Amer asked. “It

Real Estate 105

Real Estate Account accountant accounted 105

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

CPA Practice

APRIL 8, 2024

White, and Amanda Iacone, Bloomberg News (TNS) Donald Trump’s social-media company just became the most valuable publicly traded client of an accounting firm that has more experience auditing companies traded over-the-counter and has had a string of regulatory issues, including a 100% deficiency rate on audits reviewed by a U.S.

audit 111

audit accounting firms auditor Account 111

Going Concern

MARCH 22, 2023

On March 20, New York Attorney General Letitia James filed a motion to compel (aka “gonna need the court to make someone do something thx”) Whitley Penn to hand over documents and communications relating to her civil fraud case against their client Donald Trump, three of his adult children, and the Trump Organization.

New York 120

New York South Carolina Texas CPA 120

Going Concern

OCTOBER 14, 2022

routinely signs his father’s financial statements — but he still insisted during a recent sworn deposition that he has very little actual understanding of accounting, New York officials revealed Thursday. Today in Business Insider : As sole trustee for the family business, Donald Trump Jr.

accounting principles 109

accounting principles New York financial statements Account 109

Accounting Today

AUGUST 31, 2023

New York Attorney General Letitia James alleges the former president and the Trump Organization falsified business records and issued false financial statements.

New York 77

New York financial statements Account accountant 77

Going Concern

OCTOBER 6, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. At one point, Trump attorney Clifford Robert asked Bender to speak into the microphone and the accountant replied: “I am as close as I can be without kissing it.” Within weeks of Maximus’ Sept.

Maryland 107

Maryland audit accounting and finance accounting firms 107