article thumbnail

Monday Morning Accounting News Brief: Semper Fi-nancial; EY Gets a D in Auditing; Deepfake CFOs Are a Thing | 2.26.24

Going Concern

National Review wins for best headline : The PCAOB has released EY Canada’s latest inspection report, they got a D : Big Four accounting firm Ernst and Young had multiple deficiencies in half the audits inspected by the Public Company Accounting Oversight Board in the United States in 2022. deficiencies).

audit 59
article thumbnail

State Employees In Mississippi Targets Of Direct Deposit Scam

PYMNTS

In the quest for ill-gotten gains, fraudsters have a myriad of ways to try to scam unwitting victims, intercepting funds or having them sent to their own accounts. News comes this week from Mississippi that state workers are being targeted by similar fraud attempts. In December, the U.S. A Bit Of Whimsy.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Accounting Students from University of Nebraska Win 2024 Deloite FanTAXtic Competition

CPA Practice

The Deloitte FanTAXtic case competition provides an exceptional platform for our students to cultivate invaluable relationships with peers, faculty and professionals at Deloitte while gaining practical experience,” said Kay Maresh, assistant professor of practice in accountancy, University of Nebraska, Lincoln. “The

article thumbnail

The accountant’s guide to state taxes on retirement income

ThomsonReuters

As an accountant, understanding state tax considerations for various sources of retirement income — including pensions, Social Security benefits, 401(k) and IRA distributions, Thrift Savings Plans (TSPs), and military retirement income — is crucial in helping your clients minimize their tax liability and make the most of their golden years.

article thumbnail

What’s new: state sales and use taxes

TaxConnex

Mississippi has green lighted its Taxation of Remote and Internet-based Computer Software Products and Services Study Committee, which will examine taxation of remote and internet-based computer software products and services in the state. Also, the Mississippi Supreme Court issued an? 41 WTD 118 ?(originally

Sales 162
article thumbnail

Accountants Aren’t the Most Concerned About AI’s Impact—Except in One State

CPA Practice

Coming on the heels of a Moss Adams study that revealed 69% of accountants believe artificial intelligence has a positive impact on the accounting profession, a new report from AI customer support company DevRev found that accountants don’t fear AI advancements the most among professionals in the U.S.

article thumbnail

State Pass-Through Entity Tax Updates: September 2023

Cherry Bekaert

These can be filed online through a taxpayer’s Revenue Online account beginning September 1, 2023, and until June 30, 2024. Taxpayers affected will automatically have their accounts adjusted to reflect the abated penalty. Illinois The Illinois Department of Revenue recently issued an Informational Bulletin FY 2024-03.

Minnesota 101