Going Concern

APRIL 1, 2022

in accounting [ Accounting Today ] Some of the main job gains occurred in leisure and hospitality, and professional and business services, along with retail trade and manufacturing. Professional and business services added a total of 102,000 jobs in March, including 18,200 in accounting and bookkeeping services. Ah, memories.

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CPA Practice

OCTOBER 2, 2023

hiring and employment trends found that 95% of hiring managers in finance and accounting face challenges in locating skilled candidates available for hire. This finding is not surprising in a profession where unemployment rates for many in-demand roles, including accountants and auditors, typically trend well below the national average.

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Going Concern

FEBRUARY 19, 2024

Fun President’s Day fact: although the third Monday in February is meant to recognize the birthdays of both first president George Washington and original hipster Abraham Lincoln, only Washington’s birthday — February 22 — is officially recognized in federal law ( 5 U.S. Everyone’s out buying mattresses.

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auditor Account accountant accounted 57

TaxConnex

DECEMBER 23, 2021

The Sales Tax Institute reports that Maine, Illinois, California, Massachusetts, Wisconsin and Washington have been the most aggressive states in sending notices and audit requests. Auditors know that competitors tend to have similar business models and that some industries are more susceptible than others to tax deficiencies.

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audit Sales Tax auditor 167

CPA Practice

DECEMBER 19, 2023

Accounting and finance professionals are always on the lookout for tools that can help them become more efficient, productive and accurate in their work. Of course, to stay in demand, finance and accounting pros will need to ensure that they maintain relevant skills, especially when it comes to working with generative AI.

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accounting and finance Finance Account accountant 121

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.

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CPA Account accountant accounted 109

TaxConnex

FEBRUARY 3, 2022

Bad luck for one, or a customer of yours undergoing their own audit might produce one of your invoices, resulting in the auditor possibly contacting you for an exemption certificate or other documents. An audit of one of your suppliers could turn up one of your exemption certificates for a transaction that the auditor may think is taxable.

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audit Sales Tax auditor 172

Going Concern

NOVEMBER 14, 2022

.” You’re probably going to hear a lot about FTX in coming weeks, for now former and current auditors Armanino and Prager Metis face scrutiny over FTX founder Sam Bankman-Fried’s bankrupt crypto empire ( CoinDesk also joined us in ripping on the Prager Metis metaverse space ). listed casino businesses operate.

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Going Concern

FEBRUARY 27, 2023

The Big 4 Accounting firm announced the independent review following the tragic death of EY worker Aishwarya Venkatachalam, 27, who fell to her death from the 11th floor of the company’s Sydney office in August last year. Yet that is what the IRS deals with every day.” From FloQast : Six in ten (63%) U.K.

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Going Concern

APRIL 6, 2022

With the ongoing Great Resignation across all industries and the critical pipeline problem contributing to a shortage of accountants , the profession is in a bit of trouble. Let’s start with the salary guide to beat all salary guides: the 2022 Accounting & Finance Salary Guide from Robert Half. Senior tax accountant: 1.4%.

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CPA Practice

JANUARY 23, 2023

For many accounting firms this will mean increased opportunities, to sell not only M&A diligence services and financial statement audits, but broader services that allow for ongoing, regular reviews of financial data. As accounting firms begin 2023 they have one thing top of mind — how to effectively recruit and retain talent.

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CPA Practice

APRIL 11, 2023

Brian Yujuico has been named vice president and senior chief auditor at AuditClub, the Audit Service Center and creator of the innovative auditors-as-a-service model. In this newly created role, Yujuico, a Certified Public Accountant, will oversee day-to-day activities of the growing team of chief auditors, crew and cadets.

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Going Concern

JUNE 13, 2022

Financial Times boldly suggests that because of constant financial scandals accounting programs need to do a better job of teaching students not to screw up. accounting students continue to shun the CPA exam. speaking of the CPA exam, KPMG has a new program to help its auditors take it. more on the EY consulting/audit split.

Account 57

Account accountant accounted auditor 57

Going Concern

SEPTEMBER 29, 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 and advisory firm in an email said it plans to move its office from One Cleveland Center (1375 E. What CPAs can learn from Smucker’s [ Accounting Today Voices ] J.M.

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Going Concern

FEBRUARY 24, 2023

This event did not come about because China suddenly warmed to the PCAOB, rather Congress urged their cooperation along with the Holding Foreign Companies Accountable Act of 2020, threatening delisting from American exchanges if they did not comply. It seems China did not take too kindly to that.

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Going Concern

JULY 1, 2022

Accountants are voted the best kissers in Britain ahead of doctors and nurses while civil servants, bankers and lawyers are rated as the worst [ Daily Mail ] Often ridiculed as boring beancounters, accountants have surprisingly been voted the best kissers – ahead of doctors, nurses and engineers.

Tax 57

Tax Account accountant accounted 57

Snyder

OCTOBER 12, 2022

This article might be useful for those choosing their career path in accounting or aspiring to change jobs as well as for owners of businesses who are considering various accounting solutions for their business. Current situation in the accounting industry. Accounting solutions. Bookkeeper vs accountant.

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Going Concern

NOVEMBER 7, 2022

Several of America’s largest accounting firms have explored the possibility of taking private equity cash in recent months , as money from buyout funds adds fuel to a mergers and acquisitions boom across the industry, reports FT. An article about ESG as the next big accounting trend. Some level-setting is needed.”

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audit Account accountant accounted 52

Going Concern

NOVEMBER 4, 2022

Footnotes is a weekly wrap-up of all the news in and around the accounting profession, published every Friday at 5 p.m. I guess it was a big leap going from balloon animals into accountancy, said 51-year-old Stapleton. Accountancy firm BDO has moved into a new 8,000sq ft office in Glasgow as part of ongoing plans to expand its team.

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audit Account accountant accounted 98

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?

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Going Concern

JUNE 10, 2022

According to the SEC’s order, CohnReznick improperly accepted Sequential’s conclusion that its goodwill, an accounting term for the excess amount paid to acquire a company over its book value, was not impaired or reduced in value, in the third quarter of 2017. Uh, SEC headquarters in Washington I guess? Because bad auditors are bad.

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CPA Practice

NOVEMBER 1, 2023

This concern is not misplaced: Research for the 2024 Salary Guide From Robert Half found that organizations in both public and corporate accounting are grappling with an accountant shortage. Without question, the finance and accounting profession has some significant talent challenges.

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Going Concern

MARCH 29, 2023

’23, of the University of Washington’s Foster School of Business has found a connection between how well low-ranking accountants are paid and the quality of their work. However, accounting employees who become aware of attempts to misreport might have incentives to take remedial actions rather than participate.

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Going Concern

MAY 5, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you’re here, subscribe to our newsletter to get the week’s top stories in your inbox every Tuesday and Friday. The gap widens again at the upper levels. Pajamas forever!

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CPA Practice

APRIL 11, 2024

Washington politicians and bureaucrats certainly should not promote its adoption. Low-income and minority taxpayers—whom IRS auditors target disproportionately and whom the IRS would likely market Direct File most energetically—have perhaps the most significant interest in retaining private intermediaries such as TurboTax or TaxSlayer.

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South Dakota audit tax preparation Legal 98

Going Concern

MARCH 16, 2022

The big news in the accounting profession yesterday afternoon from Dave Michaels of the Wall Street Journal was that the SEC is investigating the Big 4 and other public accounting firms on whether the consulting and non-audit services they sell to clients is conflicting with their independence as the auditors of said clients.

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CPA Practice

FEBRUARY 28, 2024

Here’s some news from the labor market that’s both good and bad for CPA firm leaders and other employers of accounting and finance talent. Most accounting and finance managers (87%) are already facing challenges finding skilled professionals for hire, according to Robert Half’s latest Demand for Skilled Talent report. The downside?

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CPA Practice

JANUARY 24, 2024

Research from Robert Half found that 27% of finance and accounting professionals in the United States are either looking for a job right now or planning to do so in the next six months. operations, based in the Washington, D.C., That may not sound like a significant percentage. In a Robert Half survey, 85% of U.S. metropolitan area.

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cpa firm CPA accounting and finance Finance 116

PYMNTS

JUNE 24, 2020

FTI Consulting , the Washington, D.C.-based As PYMNTS has chronicled , the saga began last week when Wirecard Founder and CEO Markus Braun resigned after auditors revealed that 1.9 billion) were missing from the German payment processor’s accounts in the Philippines. and Mastercard Inc. billion euros ($2.1

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CPA Practice

APRIL 30, 2024

Automation of routine and repetitive tasks Leading finance and accounting organizations have relied on robotic process automation (RPA) for years to handle back-office tasks like data entry and basic financial reporting. operations, based in the Washington, D.C., The company has more than 300 locations worldwide. metropolitan area.

Technology 52

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CPA Practice

SEPTEMBER 19, 2023

Research from Robert Half found that 41% of accounting and finance professionals either have a job search already underway, or they plan to launch one by year-end. operations, based in the Washington, D.C., There’s a generational twist to our research as well. The company has more than 300 locations worldwide. metropolitan area.

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Airbase

MARCH 2, 2023

We all know the story: women and minorities are underrepresented in top finance and accounting roles, and even though their representation has grown, a yawning gap persists within senior positions and salaries. Female accountants and auditors now outnumber their male counterparts. We’ve come a long way in 124 years.

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Going Concern

MAY 13, 2022

Junior KPMG auditor ‘should not lose his home’ for misleading regulator, says tribunal [ Financial Times ] A former junior KPMG auditor should not receive a fine so large it could force him to sell his matrimonial home, a tribunal has said. ” COVID-19 has negatively impacted how auditors work [ Phys.org ] Duh?

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auditor audit CPA accounting and finance 52

CPA Practice

JANUARY 9, 2024

Research from Robert Half found that 27% of finance and accounting professionals in the United States are either looking for a job right now or planning to do so in the next six months. operations, based in the Washington, D.C., That may not sound like a significant percentage. In a Robert Half survey, 85% of U.S. metropolitan area.

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cpa firm CPA accounting and finance Finance 64

CPA Practice

JANUARY 24, 2024

Top among them is competing for finance and accounting talent to staff both new and vacated roles and help keep critical projects moving forward. hiring managers in finance and accounting said the lack of skilled professionals available for hire is affecting their organization. In a recent Robert Half survey, nearly all (94%) of U.S.

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cpa firm accounting and finance CPA Technology 64

Going Concern

APRIL 19, 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. The Big Four accounting firm is considering adding about 85 U.S.

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PYMNTS

OCTOBER 11, 2018

a faith-based online publisher in Washington, D.C., The indictment states that top executives from both companies created fraudulent financial statements approved by a fake auditor to secure around $10 million in loans from three financial institutions, which they claimed were to be used to buy high-end computer servers.

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