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Unmasking Fraud: How Forensic Accounting Protects the Hospitality Industry

Withum

Forensic investigations in the hospitality industry are essential for identifying and preventing fraudulent activities. The hospitality industry is a prime target for fraudsters due to the high volume of transactions and personally identifiable information (PII). A total of 52 cases in the sector were recorded as part of the report.

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Top Remote Accountants of the Week | May 16, 2024

Going Concern

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! Sign up now to see the complete candidate list and connect with potential hires.

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As KPMG UK Gets Hit With a Record Fine, the Boss Admits the Auditing Was “Very Bad”

Going Concern

KPMG Audit Plc was also hit with a fine — £3.5 million — as were the two audit partners in charge of the Carillion work for years 2013-2018. When Carillion collapsed in 2018, 3,000 people lost their jobs and 450 public sector projects including hospitals, schools and prisons were plunged into crisis.

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Friday Footnotes: RTO Isn’t Going So Great; KPMG Wins Something; What Auditors? | 5.19.23

Going Concern

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. ICYMI I Love Accounting. At its core, accounting is a challenging career that requires growth and learning and can usually pay pretty well. So I Had to Leave. [ So I Had to Leave. [

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Monday Morning Accounting News Brief: Pissed Off Wipfli Employee Got the Office Shut Down; New PwC Flight Rules | 12.11.23

Going Concern

Business travel remains PwC UK’s single-largest source of carbon pollution, with flying accounting for more than two-thirds of the firm’s emissions in 2022. Mandatory audits don’t provide protection the entities mandated them think they do according to new research. Navarro-Velez joined the department at UNLV in 2019.

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How to enhance the audit experience

Menzies

Menzies LLP - A leading chartered accountancy firm. Importance of an Audit A lot of business owners think audits are much of a muchness, however their quality can vary significantly. The annual audit is occasionally considered as a commodity purchase.

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Sales tax and nonprofits

TaxConnex

Also in Illinois, not-for-profit hospitals and nursing homes that qualify as exclusively charitable institutions are not subject to sales tax when selling food or medicine to their patients; and hospital dining facilities not open to the general public are also exempt. How important are these certificates?

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