ThomsonReuters

DECEMBER 6, 2022

The spotlight on environmental, social, and governance (ESG) continues to intensify as businesses are increasingly being called upon to disclose more about their ESG performance and strategies. Given the increased focused on ESG, this blog marks the first in a series dedicated to ESG and its impacts on the accounting profession.

auditor 59

auditor Account accountant accounted 59

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. The federal government levies taxes on collectibles held for more than a year at a top rate of 28%. CLA, 8th Largest U.S.

auditor 102

auditor audit Entertainment Real Estate 102

Cherry Bekaert

MAY 9, 2024

For many architecture and engineering (A&E) firms, overhead rate audits are a critical aspect of financial management since they can be a great way for firms to recoup incurred costs necessary to run their business from the government. A: An independent third-party auditor typically conducts an overhead rate audit.

audit 115

audit auditor Transportation Government 115

Going Concern

JUNE 7, 2023

For some time now municipalities have felt the crunch from the accountant shortage and unlike public accounting firms feeling the same, these entities don’t have the luxury of turning down work to ease it nor can they overwork their people with no overtime. Glad you didn’t ask!

Government 52

Government accounting clerk Account accountant 52

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 97

auditor Technology audit financial statements 97

Going Concern

MAY 27, 2022

Accounting Giant EY Created A Chief Wellbeing Officer To Uplift And Empower Their People [ Forbes ] EY investing in that empathetic leadership everyone loves so much. After many years of work by accounting leaders to improve the diversity, equity, and inclusion (DEI) in the profession, diverse representation at the partner level is growing.

auditor 97

auditor audit accounting standards Technology 97

Going Concern

APRIL 7, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Build ChatGPT into Excel [ Journal of Accountancy ] Note that this process currently works in Microsoft Excel 365, Microsoft Excel 365 for Mac, and Excel for the web. I can imagine it.

auditor 104

auditor chartered accountant audit accounting and finance 104

Going Concern

JANUARY 25, 2023

When Thomson Reuters reported late last year that the Financial Accounting Standards Board (FASB) had proposed an eighth round of changes to lease accounting rules 1 , accounting and finance execs around the country channeled their inner Charlie Browns with a collective, “Good grief!”

Account 105

Account accountant accounted Real Estate 105

CPA Practice

FEBRUARY 7, 2023

In the letter, Anthony Pugliese, CIA, CPA, CGMA, CITP, President and CEO of The IIA writes that “ although the recommended policy change minimally impacts the provision of internal audit services, it represents a significant departure from the regulatory status quo regarding the relationship between internal (auditors) and external auditors.”

auditor 40

auditor audit Construction accounting standards 40

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? Regulations need to change to match.

audit 64

audit Account accountant accounted 64

Going Concern

DECEMBER 22, 2023

Barring any huge incident like an accounting firm getting raided by the FBI on Christmas Day, there will not be any breaking news. One key reason: PwC is trying to compete for top talent amid a dwindling number of accounting majors. Tips are still welcome , nay, encouraged , and we’ll be monitoring the tipline. and Mexico.

auditor 110

auditor audit accounting firms accounting and finance 110

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

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

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. UK accounting sector needs to put more emphasis on its people [ AccountancyAge ] Across the UK, increasing turnover rates have been observed across barrios sectors.

CPA 111

CPA Account accountant accounted 111

Going Concern

AUGUST 11, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Accounting and advisory firm Grant Thornton trimmed about 3% of its ranks in June. What drew you to the field of accounting?

Account 89

Account accountant accounted Tennessee 89

CPA Practice

FEBRUARY 28, 2023

Steady increases in reporting and assurance are significant, yet more companies need to take the additional step to obtain assurance to build trust and confidence in what they report,” said Susan Coffey, AICPA & CIMA’s CEO of public accounting. 38% of non-accountant service providers use ISAE 3000, up from 34% in 2019.

auditor 80

auditor cpas Government accounting standards 80

CPA Practice

SEPTEMBER 1, 2023

More than 90% of companies in 90 countries are prioritizing Environmental, Social and Governance (ESG) goals. While it is exciting that organizations are stepping up to pursue responsible practices en masse , the reality is that the onus to comply with related reporting requirements is on accounting and finance professionals.

accounting and finance 98

accounting and finance Non-Profits accounting standards auditor 98

Going Concern

MARCH 22, 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. Movers and Shakers Jackson M. Day to the role of director of technical activities.

Minnesota 101

Minnesota cpas audit CPA 101

Cherry Bekaert

MARCH 14, 2023

Companies will also need to review accounts receivable to determine if there are any risk characteristics and segmentation that would necessitate different loss rates. For example, accounts receivable for a customer located in a different geography than the U.S. standby letters of credit and financial guarantees). How Can We Help?

auditor 96

auditor accounting and finance accounting standards Finance 96

ThomsonReuters

APRIL 18, 2023

The accounting profession has faced a profound shift in recent years: from significant regulatory changes to an influx of innovative technologies, to reimagined business models, to an increase in client expectations. What are the current issues in accounting? but there are several common hurdles that often run industry wide.

Account 52

Account accountant accounted Technology 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

Going Concern

JANUARY 11, 2024

The Securities and Exchange Commission (SEC) Office of the Chief Accountant (OCA) is accepting applications for Professional Accounting Fellow (PAF) positions that will begin this summer. Exclude lengthy or excessive quotations from accounting or auditing literature. capital markets or broker-dealers registered with the SEC.

audit 59

audit financial statements auditor accounting standards 59

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? ESG audit checklist.

audit 52

audit auditor Technology Government 52

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. Auditors must respond appropriately when they encounter warning signs,” said PCAOB Chair Erica Y.

audit 82

audit auditor New York Legal 82

Going Concern

FEBRUARY 2, 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 the challenges she is facing defy simplicity.

audit 115

audit Tax Texas Massachusetts 115

inDinero Accounting

JUNE 29, 2023

Accrual Accounting is a vital component of Generally Accepted Accounting Principles (GAAP). Understanding the principles of GAAP accrual accounting can be challenging and daunting; however, with the right guidance, it can be achieved. What are Generally Accepted Accounting Principles (GAAP)?

accrual accounting 98

accrual accounting accounting principles accounts payable accounting standards 98

Going Concern

MARCH 4, 2022

Pandemic has exacerbated tax-season anxiety, accountant says [ Global News ] No s**t? Meanwhile on Twitter, our friend Sam Antar is still roasting the KPMG auditors (well, technically Peat Marwick) who let the Crazy Eddie fraud slip through their horny little fingers: Two hookers and an auditor. Antar (@SamAntar) March 4, 2022.

audit 72

audit Kansas auditor bookkeeping jobs 72

Going Concern

AUGUST 25, 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 industry is in a state of transition. The influx of private equity, labor shortages, and remote/hybrid work have all impacted accounting firms to varying degrees.

tax preparation 96

tax preparation CPA payroll tax Illinois 96

Going Concern

NOVEMBER 18, 2022

More than 150 retired EY partners have written to the accounting firm’s leadership objecting to the radical plan to split its consulting and audit businesses. Bam is a chartered accountant and an outstanding South African. After 1,600 auditors combed through DOD’s $3.5 trillion in assets and $3.7

Technology 83

Technology audit auditor accounting and finance 83

Going Concern

JULY 15, 2022

Audit watchdog to overhaul UK corporate governance code [ Financial Times ] The UK’s corporate governance code will be overhauled for the first time in four years with new rules to make boards more responsible for fraud and their company’s finances, and strengthen accountability for bad behaviour. stock exchanges. Williams. “We

auditor 52

auditor audit accounting and finance Government 52

Going Concern

MARCH 25, 2022

These are the 5 most ‘boring’ — and exciting — jobs in the world, according to a recent study [ CNBC ] You’ll be happy to hear accounting made #2 on the most boring list. Don’t feel bad, MY job ranked #3 most exciting and I assure you it absolutely is not, I write about accounting after all. “I PCAOB Spotlight PDF here.

tax return 52

tax return audit auditor cpas 52

Cherry Bekaert

APRIL 3, 2023

Growing Your Business Starts With Evaluating, Governing and Managing Risk Author: Brian Murrow, Managing Partner – Risk & Accounting Advisory Services Naturally, after unfortunate incidents, risk governance and security are on top of mind for many. 21 (SSAE 21), which governs SOC attestations. 18 (SSAE 18) and No.

financial statements 75

financial statements audit accounting and finance auditor 75

Cherry Bekaert

APRIL 5, 2023

Accounting, Compliance and Internal Control Solutions for Current and Prospective SEC Filers Our Risk Advisory Services practice helps organizations comply with SEC financial reporting, internal control and corporate governance requirements to deliver value and build resilience through effective Internal Audit services.

audit 40

audit auditor Government Technology 40

Withum

JULY 11, 2023

Digital transformation is key to building a path to sustainable mining, addressing sustainability challenges and capturing meaningful, thorough ESG (Environmental, Social, and Governance) data. In today’s mining industry, the effective management of environmental, social, and governance (ESG) data is of paramount importance.

international accounting standards 40

international accounting standards Technology audit accounting standards 40

PYMNTS

MAY 17, 2018

government released its report into the Carillion fiasco and it’s damning, to say the least – though not unexpected. Since the collapse of Carillion , once the nation’s second-largest construction company and a massive government supplier, fingers have been pointed in all directions. The Government’s Report.

audit 40

audit accounting and finance Government corporate accounting 40

ThomsonReuters

MARCH 17, 2021

He shared his thoughts about whether technology will impact the way the board sets standards and provided the most current view of the board’s work on segment reporting, goodwill, government assistance, debt, and a slew of other topics. Will this require changes to the conceptual framework and related accounting rules?

Government 64

Government accounting standards Tax international accounting standards 64