CPA Practice

AUGUST 8, 2023

Champions of audit quality will not be happy with this news from the Public Company Accounting Oversight Board (PCAOB). A staff report released by the audit regulator late last month shows a year-over-year increase in the number of audits with deficiencies at audit firms that the PCAOB inspected in 2022.

audit 98

audit accounting firms Account accountant 98

Accounting Insight

MAY 4, 2022

The IFA made a revelation for the UK accounting practices. Wherein, accountants above the age of 40 years were questioned about the challenges that modern technologies have posed for UK accounting industry. Deviation from traditional to ultra-modern accounting. Accounting Outsourcing to Ease the Burden.

accounting firms 52

accounting firms Account accountant accounted 52

Accounting Insight

NOVEMBER 29, 2022

Accounts payable automation, also known as AP automation or invoicing automation, is the process of automating accounts payable processes and activities while collecting the critical data required to make smart decisions, improve efficiency, and grow your business. Reconciling bank statements. Entering payments.

Accounts Payable Automation 52

Accounts Payable Automation accounts payable Technology accounting firms 52

MyIRSRelief

APRIL 29, 2024

But for these go-getters, navigating the complexities of running a business, especially the ever-challenging world of taxes and accounting, can feel overwhelming. This is where specialized tax and accounting firms step in, becoming a crucial partner for small businesses with under 100 employees.

Tax 130

Tax bookkeeping Account accountant 130

CPA Practice

SEPTEMBER 5, 2023

IRIS Software Group (IRIS), a global provider of professional accounting and payroll solutions, has launched its new IRIS Outsourcing for accounting firms in the Americas market. We have a fantastic relationship with our account manager, who assists us with our aim to work more efficiently.”

Account 98

Account accountant accounted payroll 98

CPA Practice

MAY 29, 2024

In today’s accounting landscape, accounting firms face myriad challenges. Additionally, time constraints and data security concerns add to the complexity of accounting processes, creating additional hurdles for firms to navigate. By David Osborne, Chief Executive Officer, Caseware International.

Account 59

Account accountant accounted Technology 59

ThomsonReuters

DECEMBER 20, 2021

Now that tax season is approaching, you may find yourself contemplating the upcoming season and whether you’d be happier as the owner of your own accounting firm. From tax software geared toward small firms to curated news and insights for firm owners, the barriers to starting your own CPA firm have never been lower.

accounting firms 52

accounting firms Account accountant accounted 52

Going Concern

JULY 11, 2023

The Wall Street Journal wrote today about recent disclosures made by Advance Auto Parts, Joby Aviation, and Germany’s Evotec that specifically point to a lack of accounting staff as a contributor to or sole factor causing certain material weaknesses. We have engaged a leading public accounting firm to support this work.

Account 137

Account accountant accounted financial statements 137

Going Concern

MARCH 29, 2023

note: I asked ChatGPT to write about automation in accounting from the perspective of an accountant losing his or her job to AI. As an accountant, I have always known that my job was at risk of being automated. Of course, accounting firms will spin this as a positive development. Here’s what it said.

accounting jobs 116

accounting jobs accountant jobs accounts jobs Account 116

Cherry Bekaert

FEBRUARY 26, 2024

Contributor: Veronica Vannoy Cherry Bekaert offers outsourced accounting services to businesses that want to reduce costs, improve efficiency and focus on core operations. Our certified accounting professionals produce accurate and timely financial reporting, while ensuring confidentiality and data security.

Account 81

Account accountant accounted accounting and finance 81

ThomsonReuters

DECEMBER 8, 2023

As technology has evolved, so too has the accounting profession. From paper-based processes to cloud-based software, accountants are no strangers to change. No previous advancement, however, has had the potential to alter accounting (and many other industries) quite like generative artificial intelligence.

Account 108

Account accountant accounted Technology 108

ThomsonReuters

APRIL 23, 2021

Whether you’re looking to branch out and start your own firm, or you’re a current small firm owner, the idea of continuing to evolve and design your tax and accounting firm is a constant in your mind. Paul Miller’s path into tax and accounting started different than most because it didn’t start in the industry. “I

accounting firms 98

accounting firms Tax Account accountant 98

Basis 365

SEPTEMBER 5, 2022

Small and medium-sized companies who want to cut overheads without sacrificing efficiency are increasingly choosing outsourcing accounting. Understanding the differences between in-house and outsourced accounting is essential if you are starting a business or just studying accounting. This is rare in business.

Account 97

Account accountant accounted Non-Profits 97

Going Concern

MAY 16, 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! Sign up now to see the complete candidate list and connect with potential hires.

Real Estate 57

Real Estate Account accountant accounted 57

Basis 365

FEBRUARY 15, 2023

You have two options to achieve this goal: hire a professional or have a year-end accounting firm handle your bookkeeping. It's OK to ask an outsourced accountant for help with your daily books. Before we get into the reasons, let's first look at how the duties of accountants and bookkeepers differ. Million.

bookkeeping 97

bookkeeping tax accountant Tax Account 97

CPA Practice

NOVEMBER 14, 2023

13-15, more than 2,500 accountants learned about many new product and feature innovations that will help them serve their clients through the QuickBooks Online ecosystem. Our 2023 event doubled down on how AI-driven innovations can help accountants and the small businesses they serve gain insights to make more informed business decisions.

quickbooks 119

quickbooks E-commerce Approval Workflows Account 119

CPA Practice

OCTOBER 20, 2023

A new study from the University of Florida revealed how financial fraud can play a surprising role in the struggling accounting labor force. Research to date suggests that financial fraud can have damaging consequences, like increased criminal activity as well as reduced trust and participation in capital markets,” Carnes said.

Account 105

Account accountant accounted Oregon 105

Going Concern

JULY 31, 2023

Former partner Wayne Plummer told PwC partners in December that the firm had made an in-principle agreement with the Tax Office to settle on a no-admissions basis in return for a 50 per cent reduction in penalties that totalled several hundred thousand dollars. Such suggestions are false.

auditor 94

auditor Account accountant accounted 94

Going Concern

APRIL 15, 2022

To counter this perception, the accounting profession could be rebranded as a foundational force of social stability and progress, and not just as “a job” with long hours and low return on investment (ROI) on education. There is another way of putting this: Accounting is a profession whose brand has not been diluted.

accounting firms 52

accounting firms audit Account accountant 52

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

JULY 6, 2023

If you are an accounting professional who has been contemplating a change in career path, you’re not alone. Accountants have the knowledge and experience necessary to work as trusted advisors to the public or within a company, so your certification qualifies you for a variety of career paths. Why are so many accountants quitting?

Account 98

Account accountant accounted accounting and finance 98

Snyder

JULY 13, 2022

The accounting industry has undergone some serious technical changes due to technological advancements but first and foremost due to a global pandemic. Accounting firms have been forced to drastically change working environments and the way they work, as well as reconsider the services they provide. Contents: 1.

Account 105

Account accountant accounted cpas 105

ThomsonReuters

AUGUST 1, 2023

Thomson Reuters set out to answer that question by surveying more than 100 CPAs who are currently employed as accountants. The results show that tax and accounting professionals know exactly what they want in an employer—and here’s how firms can heed the call. hours per week. hours per week, a reduction of about 12%.

Account 98

Account accountant accounted accounting firms 98

ThomsonReuters

NOVEMBER 8, 2022

How has technology impacted accounting? From increasing accuracy to optimizing tax workflow to freeing up time for more value-added activities, technology has transformed the accounting industry—for the better. Accounting firm technology trends. So how does automation work at an accounting firm?

Technology 98

Technology Account accountant accounted 98

Basis 365

JUNE 27, 2023

Running an eCommerce business comes with challenges, and accounting is a critical aspect that often poses difficulties. Accurate financial records, managing cash flow, ensuring compliance with financial reporting standards, and conducting financial analysis are all essential to running a successful eCommerce venture.

Account 98

Account accountant accounted accounting and finance 98

Going Concern

FEBRUARY 27, 2023

In Australia, EY is still bungling this one up : EY accidentally leaked the personal details of current and former employees while trying to launch a massive review into the firm’s workplace culture. From FloQast : Six in ten (63%) U.K. From FloQast : Six in ten (63%) U.K.

Technology 102

Technology Account accountant accounted 102

ThomsonReuters

JULY 6, 2023

In today’s ultra-competitive business landscape, being an accountant means far more than preparing tax returns or compiling financial statements. But what does accounting advisory mean and how can your firm take advantage of this unique opportunity to showcase your knowledge and build deeper relationships with your clients?

Account 88

Account accountant accounted tax return 88

Going Concern

OCTOBER 2, 2023

Here’s what happened: Ontario public accounting licensing body CPA Ontario reached an out-of-court settlement with Marcum LLP resolving allegations of multiple instances of US Marcum partners performing work in Ontario — including issuer audits — without said partners being licensed to practice in the province.

audit 111

audit public accounting CPA financial statements 111

ThomsonReuters

OCTOBER 29, 2020

However, the last quarter of 2020 presents a unique opportunity for accounting firms to engage in preliminary strategic conversations with clients and help them assess the impact of the pandemic and the economic downturn, identify challenges, and lay out goals ahead of 2021. If you’re like most of us, 2021 can’t come soon enough.

accounting firms 40

accounting firms Account accountant accounted 40

ThomsonReuters

FEBRUARY 14, 2022

Every tax and accounting firm is unique, so there’s really no one-size-fits-all approach to hiring. Understanding your company culture is a useful step in finding a new accountant who is the right fit for your firm. Accountants have to collaborate with many different people inside and outside the firm.

Account 92

Account accountant accounted accounting firms 92

Going Concern

APRIL 22, 2024

Those of us who’ve worked or even simply seen behind the curtain of audit know the things he points out to be true — assurance is reasonable not absolute , financial statements are the responsibility of management not auditors, “finding fraud” is not the ultimate goal of audits — but do investors?

audit 113

audit auditor financial statements Education 113

ThomsonReuters

MAY 16, 2024

When it comes to the tax and accounting profession, GenAI is ushering in a new era of increased productivity, efficiency, and data-driven insight. As such, many forward-looking firms are already adopting solutions to help them take advantage of this enormous opportunity. Consider these benefits: Data entry automation. Fraud detection.

Tax 52

Tax Account accountant accounted 52

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

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. Regulations need to change to match. Right now, they don’t.

audit 62

audit Account accountant accounted 62

CPA Practice

MAY 30, 2023

Certified Public Accountants from across the nation made their way to Capitol Hill last week to meet with lawmakers on issues important to the accounting profession during the American Institute of CPAs (AICPA) Spring Meeting of Council and Annual Members Meeting from May 23-25. government’s financial statements.

cpas 115

cpas Washington Tax Account 115

Basis 365

MAY 30, 2023

One way to do this is by outsourcing accounting functions. Outsourced accounting services have become increasingly popular in recent years, but how do they impact a company's profitability? In this blog post, we will explore the benefits of outsourced accounting and how it can increase profitability.

Account 52

Account accountant accounted accounting and finance 52

CPA Practice

AUGUST 17, 2023

With the rise of generative artificial intelligence (AI), including ChatGPT, the accounting industry, like many others, is abuzz with talk about how the technology will redefine the future of the profession. With real-time insights, accountants can create more accurate reporting and provide enhanced customer experiences with faster service.

Account 98

Account accountant accounted Technology 98