Going Concern

MAY 30, 2023

FT dropped this over the weekend : Candidate numbers for US accountancy exams drop to lowest in 17 years New figures from the American Institute of Certified Public Accountants showed the shortage of CPA candidates that has plagued the profession in recent years worsened in 2022, dashing hopes for a quick rebound from the pandemic.

CPA 98

CPA institute of chartered accountants Government chartered accountant 98

PYMNTS

MARCH 6, 2019

Corporate accounting and consultancy firm Ernst & Young is rolling out a new accounting solution designed to help businesses manage their crypto assets. EY announced in a press release this week that its new crypto accounting tool targets the tax preparation process.

Tax 55

Tax tax preparation Account accountant 55

Going Concern

JUNE 8, 2023

It appears the Institute of Chartered Accountants in England and Wales (ICAEW) has finally pushed Sheffield University’s Richard Murphy over the edge. The Professor of Accounting Practice at Sheffield’s Management School issued a new report chastising the group for hoarding funds. This proposal addresses both these issues.

institute of chartered accountants 52

institute of chartered accountants chartered accountant Account accountant 52

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

PYMNTS

DECEMBER 29, 2020

Turkish prosecutors have issued a detention warrant for Turkish businessman Sezgin Baran Korkmaz, who has ties to Utah business executives who recently pleaded guilty to a $511 million tax credit scheme in the U.S., The Kingstons pleaded guilty in the tax credit scheme in the U.S., the Associated Press (AP) reported. There are also 2.3

Utah 67

Utah Tax corporate accounting Government 67

xendoo

DECEMBER 6, 2021

As they juggle increasing sales, customer service, marketing, and even bookkeeping and accounting , two questions come to mind – how do I pay myself? How do I pay my business’s taxes? . That is why the Xendoo team has created this guide to help you navigate self-payment and taxes as a C-Corporation owner!

Tax 52

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PYMNTS

FEBRUARY 8, 2019

Corporate accounting and auditing firm KPMG is shuttering its small business services unit, reports in The Business Desk said Thursday (Feb. According to the publication, KPMG’s Small Business Accounting (SBA) service, which launched in 2014, will be closed in the U.K. will remain unaffected. will remain unaffected.

small business accounting 53

small business accounting business accounting Account accountant 53

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. This S**t Is Still Going On? Day to the role of director of technical activities.

Minnesota 113

Minnesota cpas audit CPA 113

Going Concern

SEPTEMBER 22, 2023

As leader of the Division of Finance, Miller oversees the university’s accounting and financial reporting, procurement and surplus property, budget and financial planning, capital budgeting, financial management, debt and cash management, financial information technology, risk management, and university bursar functions.

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audit accounting and finance Virginia auditor 109

Going Concern

SEPTEMBER 6, 2023

Amanda Iacone at Bloomberg Tax has written the accounting niche’s 1,735th article about the accountant shortage and this time, as is often the case, the focus is 150 hours. Companies, not just CPA firms, are struggling to fill senior accountant roles and jobs for accountants with three to five years of experience.

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Minnesota South Carolina auditor CPA 119

Cherry Bekaert

APRIL 30, 2024

While the Lakers are currently working to correct the typos, in the accounting world, the price of these unintentional errors and lack of oversight (due to talent shortages and/or strained capacity at the senior management or executive level) can be especially costly — financially, operationally and reputationally.

CPA 52

CPA cpas audit accounting and finance 52

Going Concern

OCTOBER 21, 2022

KPMG flunks US overseas audit inspections twice as often as rivals [ Financial Times ] US regulators were twice as likely to find flaws in audits conducted by the overseas affiliates of KPMG than those of any other Big Four accounting firm, an analysis of inspection data shows. Accounting Firm Mergers. Practice Management.

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audit CPA accounting firms accounting and finance 81

PYMNTS

JUNE 6, 2019

Changes in lease accounting standards have led top retailers and restaurant chains in the U.S. to significantly increase their liabilities, leaving some investors caught off guard, according to Bloomberg Tax reports Wednesday (June 5).

Account 43

Account accountant accounted accounting standards 43

PYMNTS

JUNE 10, 2019

Certified Professional Accountants (CPAs) in California are calling on an industry watchdog to clarify standards for cryptocurrency accounting, with expectations that corporations will increase their use of cryptocurrencies moving forward. GAAP,” the letter stated.

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cpas California Account accountant 51

PYMNTS

AUGUST 1, 2018

A new survey from K2E Canada suggests small business accountants understand that technological disruption is a major challenge, yet few are addressing the issue. The survey found that only 33 percent of sole practitioners and 26 percent of small accounting firms have updated their tax software in the last five years.

Technology 40

Technology Account accountant accounted 40

PYMNTS

MAY 3, 2019

Chief financial officers are changing their views on how they assess corporate performance in light of changes to lease accounting rules coming into play. Companies including Orange, Deutsche Telekom and Air France have already notified investors that they are amending or changing performance metrics.

Account 49

Account accountant accounted international accounting standards 49

PYMNTS

JANUARY 26, 2018

Securities and Exchange Commission (SEC) has reportedly opened an investigation into the accounting practices of digital industrial company General Electric (GE). billion tax charge related to the nation’s recent tax reform. The Washington Post said the SEC had not yet commented on the investigation.

Account 46

Account accountant accounted Washington 46

Withum

MAY 4, 2023

He said he was a corporate accountant, but what he really wanted to do was be a philanthropist. The technical part, like taxes and auditing, would be learned no matter what I did, but not the management part. Once again, I have not been asked to present a graduation speech, but here is what I would have said if asked.

CPA 59

CPA corporate accounting audit Start-ups 59

PYMNTS

MARCH 6, 2019

Corporate accounting standards are changing, with the Financial Accounting Standards Board adopting new standards in ways companies report on leases, hedging and other financial activity. A recent report from CFO.com shed light on another factor driving accounting and financial transparency within corporate America.

Finance 55

Finance accounting standards accounting principles accounting and finance 55

PYMNTS

JANUARY 27, 2020

The fact that federal agencies – namely the Bureau of Labor Statistics (BLS) – still refer to gig workers as “contingent workers” involved in “non-primary work” underscores how far behind this megatrend government accounting has fallen. It’s anybody’s guess how gig economy market dynamics will shake out at this point.

AP Automation 88

AP Automation accounts payable New York accounting software 88

PYMNTS

APRIL 18, 2019

A new technology protocol announced by corporate accounting and auditing firm Ernst & Young (EY) aims to secure transactions made over public Ethereum blockchain. Separate reports this week in LedgerInsights said that while the technology will not be subject to copyright, EY is pursuing a patent related to the tool.

auditor 67

auditor corporate accounting audit Technology 67

PYMNTS

JANUARY 7, 2019

It’s about corporate accountability and shared responsibility,” Mosqueda said in an interview with Bloomberg. ” Mosqueda went on to say that New York should act quickly and create new taxes to collect the revenue they’ll need to make sure housing stays affordable.

New York 52

New York Transportation corporate accounting Tax 52

PYMNTS

FEBRUARY 2, 2018

Its results topped expectations, once impacts from recently passed tax legislation were factored out, including a bottom line at $1.08 billion, and, excluding the aforementioned tax impact, earnings per share came in at $1.14, two pennies better than Wall Street expectations. Here are the numbers: $4.9 Consensus stood at $3.26

B2B 40

B2B accounting and finance corporate accounting Tax 40

PYMNTS

AUGUST 27, 2019

The Certified Personal Accountant (CPA) today now has a plethora of FinTech solutions they can use to manage their clients’ money, with the number of digital tools — including cloud accounting portals, cash flow forecasting solutions and intelligent technologies like artificial intelligence (AI) — continuing to rise.

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cpas CPA Technology accounting standards 60

Snyder

MARCH 6, 2023

Our fast-paced world has transformed many jobs, but few seem to have changed as much as what accountants typically did even 20 years ago compared to today, next year, or the next decade. So, let’s look at the accountant roles of today and the current trends that influence what the roles of an accountant of tomorrow will entail.

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forensic accounting Account accountant accounted 52

xendoo

NOVEMBER 2, 2021

When businesses are born, business owners are likely not daydreaming about taxes and payroll. Yet, they still face the unique challenge of figuring out how to pay themselves, file their taxes, and maximize their tax savings. Like most things involving taxes, it gets complicated. How Do I Pay My Taxes as an S-Corporation?

Tax 96

Tax Non-Profits income tax corporation tax 96

PYMNTS

SEPTEMBER 13, 2017

One certified professional accountant, Evan Hutcheson, has launched his own company, Foundation to Cloud , to address some of the largest accounting and cash management problems faced by construction firms and contractors. “Construction accounting is a little more complex,” he recently told PYMNTS.

Construction 51

Construction Account accountant accounted 51

PYMNTS

NOVEMBER 4, 2019

lawmakers are calling for new legislation that would ensure auditors and accountants are better able to identify and call out issues within their clients’ finances as the government works to avoid more high-profile corporate collapses. Finance U.K. reported on Monday (Nov.

audit 40

audit accounting and finance auditor Finance 40

PYMNTS

JUNE 1, 2016

Automated accounting and cash management technologies are a force to be reckoned with among today’s financial professionals, he said. “For a lot of CFOs, their departments are being eliminated,” the executive said of the rise in automated solutions within corporate treasury, finance and accounting departments.

Technology 41

Technology accounting and finance Finance B2B 41

PYMNTS

MARCH 20, 2018

Indeed, small businesses say they are actually demanding more from their accountants and bookkeepers than ever before. In addition to the standard numbers-crunching and tax filing, accountants are expected to serve as strategic advisors to small business clients. At the end of the year, at tax time, it was just ridiculous.

Technology 47

Technology Account accountant accounted 47

PYMNTS

JUNE 9, 2017

That’s especially true in corporate accounting, says Beanworks CEO Catherine Dahl. It’s an interesting time in accounting, and there’s a huge change coming,” she recently told PYMNTS, adding that digitization will become the norm, empowering humans to take on more strategic tasks while technology handles the repetitive stuff.

Technology 43

Technology Account accountant accounted 43

PYMNTS

MARCH 2, 2020

As innovators drive forward, however, they can sometimes forget who’s really at the user-end of their technologies designed to combat business payments pain: the accountant. In the current fast-moving climate, accountants have struggled with the manual processes involved with managing their business client’s funds,” he told PYMNTS. “In

Account 56

Account accountant accounted quickbooks 56

inDinero Accounting

JUNE 24, 2021

At inDinero, we believe accounting supports business. If a business owner doesn’t understand an accounting term , we don’t use another accounting term to explain it. We specialize in accountants who speak business to business owners and CEOs. Sometimes there’s just no avoiding accounting speak.

Non-Profits 75

Non-Profits financial statements accounts payable accounting and finance 75

PYMNTS

DECEMBER 7, 2017

Blockchain and crypto companies may be operating with cutting-edge technology, but in the back-office, accounting and bookkeeping strategies are stuck in the stone age. There is a huge gap right now, and traditional accounting software doesn’t integrate with blockchains and cryptocurrencies.”. Libra, which recently announced $7.8

Account 52

Account accountant accounted accounting software 52

PYMNTS

JANUARY 16, 2019

-based challenger bank, is expanding its existing partnership with digital payments company PrePay Solutions (PPS) to add corporate accounting and invoicing to its platform. In a press release issued on Tuesday (Jan. Coconut first teamed up with PrePay Solutions last year to help launch the company.

corporate accounting 51

corporate accounting bookkeeping accounting and finance Technology 51

PYMNTS

SEPTEMBER 14, 2018

13) that its Global Currency Account is now available to importers and exporters in the U.K. According to OFX, businesses buying and selling internationally would typically have to open bank accounts in multiple jurisdictions. Reports in Tamebay said Thursday (Sept.

Account 40

Account accountant accounted Tax 40

Going Concern

NOVEMBER 10, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Now’s the time so check out Accountingfly’s top remote accounting candidates of the week. Note: We’re skipping Footnotes next Friday to unveil a surprise.

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