Going Concern

JULY 31, 2023

r/accounting reacts to KPMG’s summer internship for high schoolers: Staffing shortages at KPMG? The PCAOB’s new rules would widen auditors’ responsibility to scrutinise whether a company is complying with laws and regulations, and to communicate more of their concerns to a company’s board of directors.

auditor 94

auditor Account accountant accounted 94

Accounting Today

MARCH 8, 2024

The stock rose as much as 22% in Madrid on Friday after Spanish plasma maker published its annual consolidated accounts with an unqualified opinion from KPMG

auditor 66

auditor Account accountant accounted 66

CPA Practice

MAY 6, 2024

However, it didn’t take long for Trump Media, the company behind former President Donald Trump’s Truth Social, to announce its next external auditor. Trump Media said the decision to change independent registered public accounting firms was made with the recommendation and approval of its audit committee, Quartz reported on Monday.

auditor 64

auditor audit financial statements CPA 64

Accounting Today

DECEMBER 7, 2023

The Securities and Exchange Commission's chief accountant cautioned auditors and public companies about the statement of cash flows after spotting problems that could lead to a financial restatement.

auditor 112

auditor Account accountant accounted 112

CPA Practice

APRIL 25, 2024

Tankersley, CPA.CITP, CGMA 00:00 Welcome to the accounting Technology Lab sponsored by CPA practice advisor, with your hosts, Randy Johnston, and Brian Tankersley. Randy Johnston 00:10 Welcome to the accounting Technology Lab. So you know, in terms of Brian, I know you’ve introduced yourself for years as a recovering auditor.

Technology 111

Technology audit Account accountant 111

Going Concern

MAY 3, 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. Earlier: Withum Noped Out of Trump Media So Fast *the name thing is a joke from this.

auditor 110

auditor audit financial statements CPA 110

CPA Practice

SEPTEMBER 19, 2023

A proposal issued by the Public Company Accounting Oversight Board (PCAOB) on Tuesday would hold auditors and others more accountable when they negligently, directly, and substantially cause their firm to violate auditing standards. The deadline for public comment on the proposal is Nov.

auditor 115

auditor audit accounting firms public accounting 115

CPA Practice

FEBRUARY 23, 2023

What is the fastest-growing challenge facing accounting firms and internal audit departments today? More than 90% point to hiring and retaining skilled accountants and auditors. Responses were gathered from more than 4,100 accountants and 2,300 auditors.

audit 132

audit auditor Account accountant 132

Cherry Bekaert

MAY 3, 2024

Accounting and finance employment is projected to grow 4% from 2022 to 2032, with about 126,500 openings for accountants and auditors each year on average. 1 But attracting and retaining talent is proving difficult for several accounting recruiters and accounting talent acquisition specialists. retirement).

accounting and finance 105

accounting and finance Finance Account accountant 105

SMBAccountant

DECEMBER 21, 2022

Bookkeeping and accounting are often used interchangeably when describing a process of recording financial transactions for a business, but they are not the same functions. Accountants also support management in the implementation and monitoring of internal controls. Tax accountants specialize in IRS law and completion of tax returns.

bookkeeping 130

bookkeeping managerial accounting Account accountant 130

Accounting Insight

MAY 1, 2024

And accounting software is no exception. Before delving into the potential impact of AI in accounting, it’s essential to understand the role AI plays in modern accounting practices. In modern accounting, AI is being used to automate several tasks, including data entry, invoice processing and financial statement analysis.

Account 64

Account accountant accounted bookkeeping 64

Going Concern

JANUARY 27, 2023

Big 4 EY auditors escape potential Wirecard sanctions after leaving profession [ Financial Times ] Germany’s audit watchdog closed investigations against four current and former EY auditors involved in inspecting collapsed payments firm Wirecard after they handed back their professional licences and left the profession earlier this month.

auditor 106

auditor accounting firms Account accountant 106

SMBAccountant

NOVEMBER 4, 2020

Quality management and accounting systems go hand in hand, especially when it comes to managing government contracts. DCAA auditors not only want to see that there is a policy in place, but there is continued effort to monitor the effectiveness through separation of duties and internal audits.

Government 246

Government Account accountant accounted 246

MineralTree

NOVEMBER 2, 2023

Accounts payable is a foundational function that ensures organizations maintain accurate invoices, payments, and vendor relationships, while making bill payments on time. However, amidst today’s rapid and intricate business transactions, particularly in high volumes, managing accounts payable processes can pose significant challenges.

accounts payable 81

accounts payable audit AP Automation auditor 81

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 90

auditor Account accountant accounted 90

Going Concern

MAY 2, 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

ThomsonReuters

DECEMBER 6, 2022

Today, ESG is resulting in significant opportunities for auditors, fueled by the widening range of stakeholders calling for ESG prioritization, an influx of laws and regulations pertaining to ESG, and a rise in ESG investment products. What is ESG accounting? Then there’s the tax implications. What is ESG reporting?

auditor 59

auditor Account accountant accounted 59

CPA Practice

MARCH 4, 2024

Auditors, like so many others today, are seizing the opportunity to transform how they work by adopting artificial intelligence. The auditor’s human judgment sits at the center of the process, as they use AI to augment their work and elevate the value they can deliver to their clients. By Richard J.

auditor 69

auditor audit general ledger Technology 69

Going Concern

NOVEMBER 14, 2023

Last month we took a look at the 2024 Robert Half Salary Guide to get an idea what public accounting salaries should be in the range of next year, today it’s a similar report from Addison Group and their 2024 Workforce Planning Guide. The guide covers several industries, we are of course only here for accounting. Say what now?

accountant salary 97

accountant salary Account accountant accounted 97

Going Concern

AUGUST 12, 2022

note: fans of accounting headlines are encouraged to sign up for our newsletter to get headlines delivered to your inbox twice a week. How to follow up after a job interview [ Journal of Accountancy ] You aced the job interview. What’s next? Here’s how recruiters and career experts recommend that you proceed.

auditor 96

auditor Account accountant accounted 96

Accounting Today

SEPTEMBER 19, 2023

The Public Company Accounting Oversight Board issued a proposal to amend its rule for an individual auditor's or audit firm's contributory liability for knowingly or recklessly contributing to violations.

auditor 119

auditor audit Account accountant 119

SMBAccountant

DECEMBER 16, 2020

For tax purposes, guidance may be different, but for this article’s purpose, the methods of recording R&D in a contractor’s accounting system will be discussed. Typically it is recorded when the expense is incurred in an R&D expense account. There are some exceptions to this accounting treatment.

Government 246

Government Account accountant accounted 246

ThomsonReuters

APRIL 30, 2024

In the world of accounting audits, accuracy and completeness are paramount. Auditors rely on data review to ensure the reliability and integrity of financial statements. Auditors must ensure that financial statements are free from material misstatements and that all relevant information is included.

auditor 52

auditor audit Technology financial statements 52

Going Concern

APRIL 8, 2024

The Association of Chartered Certified Accountants (ACCA) recently published some results from a survey of more than 6,500 finance professionals , the bulk of them auditors, from 150 countries and while the entire thing is packed with fascinating (if predictable) results, two areas in particular are crying out to be highlighted.

auditor 70

auditor accounting and finance audit Government 70

Going Concern

JANUARY 16, 2024

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. Accountant is the hottest work-from-home job on the market right now. Accountants claimed the top spot in FlexJobs’ annual ranking of the top remote jobs in the U.S.,

Account 104

Account accountant accounted audit 104

CPA Practice

APRIL 12, 2023

A talent shortage is affecting accounting firms across the demographic spectrum. Each year fewer accountants enter the profession while more CPAs near retirement. According to the Association of International Certified Professional Accountants, the number of U.S. Has the CPA license entered a death spiral?

Account 136

Account accountant accounted CPA 136

Going Concern

APRIL 11, 2024

Keeping with a yearly tradition more reliable than the arrival of Santa in the early hours of December 24, Ideagen Audit Analytics has released their annual market share analysis of auditor engagements for public companies. The post For the Eighth Year in a Row, EY Is the Busiest Public Company Auditor appeared first on Going Concern.

auditor 90

auditor audit Account accountant 90

Going Concern

OCTOBER 2, 2023

That’s the percentage of hiring managers in finance and accounting having trouble finding skilled talent according to recent Robert Half research. First, finance and accounting: In words: Hiring outlook: Two-thirds of hiring managers in finance and accounting seek talent for new roles, and 32% are focused on staffing vacated roles.

accounting and finance 123

accounting and finance Finance auditor Account 123

Going Concern

JUNE 1, 2023

Bringing things back to this decade, he then talks about what’s going on at PwC Australia even though auditors weren’t the ones using confidential government data to bill clients for tax avoidance plans. For starters, auditors are paid by the companies they’re auditing. If they find a problem, they risk losing a client.

auditor 113

auditor audit Government Transportation 113

CPA Practice

APRIL 7, 2023

Despite high demand for CPAs, accounting firms struggle to hire accountants. In 2021, there was a 17 percent drop in employed accountants and auditors from a 2019 peak, according to a Bloomberg Tax analysis. By Cameron White. Technology also gives staff real-time access to their data, from anywhere at any time.

accounting firms 139

accounting firms CPA Technology Account 139

Going Concern

SEPTEMBER 25, 2023

It’s been a while since we’ve done an Accountants Behaving Badly megapost ( 381 days ago , actually), here’s some bad behavior you may have missed. Twice-Convicted Accountant Is Charged With Embezzling More Than $1.1 Palos Hills Accountant Indicted In $7.8M This stock photo is incredible.

tax preparation 95

tax preparation Gambling Account accountant 95

Going Concern

DECEMBER 26, 2023

The following post about a rowdy accounting firm holiday party was originally published on December 17, 2014. For more reading on holiday parties of yore, see this r/accounting thread from six years ago: Christmas Party Stories. Mostly, they talked about the open bar because – accounting. The Outlook Invites went out.

accounting firms 101

accounting firms Account accountant accounted 101

SMBAccountant

OCTOBER 21, 2020

These costs must be recorded in separate general ledger accounts to be easily identified and excluded from any billing. Bad Debt – both actual and estimated losses from uncollectible accounts receivable including collection costs and legal costs are not allowed. Most topics link directly to FAR clauses for further review.

Government 246

Government general ledger Account accountant 246

CPA Practice

APRIL 3, 2023

Despite high demand for CPAs, accounting firms struggle to hire accountants. In 2021, there was a 17 percent drop in employed accountants and auditors from a 2019 peak, according to a Bloomberg Tax analysis. By Cameron White. Technology also gives staff real-time access to their data, from anywhere at any time.

accounting firms 135

accounting firms CPA Technology Account 135

Going Concern

JULY 17, 2023

Also this: How the big four accounting firms infiltrated governments, earning more than $10b over a decade while taxpayers are in the dark : They’ve been described as an infestation. The big four accounting firms — EY, Deloitte, KPMG and PwC — are now under the spotlight like never before. This is from U.S.

Account 79

Account accountant accounted auditor 79

Going Concern

MARCH 15, 2023

While the general investing public is asking “where were the auditors?” To any members of the general investing public reading this: “due professional care” means the independent auditor planned and performed the work required of them according to audit standards. Back to the auditors.

auditor 144

auditor audit accounting principles financial statements 144

CPA Practice

MARCH 27, 2024

By Gopal Ratnam, CQ-Roll Call (TNS) The National Telecommunications and Information Administration on Wednesday issued a report calling for establishing a system of audits for artificial intelligence systems that would ensure transparency as well as hold tech companies accountable for potential risks and harms. Jay Obernolte, R-Calif.,

audit 85

audit E-commerce Account accountant 85