Going Concern

OCTOBER 28, 2022

Iowa addresses accountant shortage, expands eligibility for state jobs [ KCRG ]. Accountants and auditors with the Office of Auditor of State no longer need a four-year degree. They are talking about audit firm resignations, not auditors quitting just before the finish line. Our newsletter is always on time.

audit 91

audit auditor Account accountant 91

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. When conducting the fiscal year 2021 audit of Tingo, Inc.,

audit 79

audit auditor New York Legal 79

CPA Practice

MARCH 1, 2024

By Amrita Choudhary, Kiplinger Consumer News Service (TNS) In recent years, lease accounting standard ASC 842 has replaced the ASC 840 standard. Noncompliance with ASC 842 carries significant risks, including financial misreporting, regulatory penalties and a loss of stakeholder trust. Neglecting training and updates.

Account 115

Account accountant accounted accounting standards 115

SMBAccountant

DECEMBER 2, 2020

Many small business government contractors are exempt from complying with cost accounting standards (CAS) and defined by the code of federal regulations (CFR). However, compliance with generally accepted accounting principles (GAAP) is required. These should be integrated in any federal contractors accounting policies.

Government 219

Government accounting principles Account accountant 219

Going Concern

AUGUST 14, 2023

When you woke up this morning did you let out a big yawn and then ask yourself “how can audit firms respond to ongoing regulatory scrutiny?” PCAOB staff expects approximately 40% of the audits reviewed in 2022 will have one or more deficiencies, up from 34% in 2021 and 29% in 2020. The rest of it. The firm, BST & Co.,

audit 52

audit Account accountant accounted 52

CPA Practice

APRIL 25, 2023

Academics from 187 universities wanted to know how an AI chatbot would do on accounting exams. He ended up getting a staggering 327 co-authors from 186 educational institutions in 14 countries participating in the research, contributing 25,181 classroom accounting exam questions.

managerial accounting 126

managerial accounting Account accountant accounted 126

Going Concern

APRIL 8, 2024

The so called “Big Four” accounting firms — Deloitte, PricewaterhouseCoopers (PwC), KPMG, and Ernst & Young (EY) — are known for paying their staff high salaries. Small or foreign audit firms often have high deficiency rates, and are typically only examined every three years by PCAOB inspectors. Are they really tho?

auditor 59

auditor audit Account accountant 59

Going Concern

APRIL 21, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. But that might be the least of it: The outlook for EY’s business of charging for advice and accounting is getting weaker in the U.S. A failed breakup attempt cost the company $600 million.

Account 104

Account accountant accounted audit 104

Going Concern

APRIL 24, 2023

As aspiring lawyers everywhere learned with horror that GPT-4 is capable of passing the bar exam (in the 90th percentile of test-takers, no less) a whole bunch of academics were not-so-quietly putting GPT-3 to the test on accounting. We also discuss implications for accounting education and research. TL;DR Not great, Bob.

Account 111

Account accountant accounted Education 111

CPA Practice

OCTOBER 20, 2023

Organizations are increasingly required to adopt sustainability at the heart of their business practices and strategies, which calls for a broader set of financial accounting skills focused on environmental, social and governance (ESG) reporting. What is sustainable finance?

audit 52

audit accounting and finance auditor accounting principles 52

CPA Practice

OCTOBER 19, 2023

Organizations are increasingly required to adopt sustainability at the heart of their business practices and strategies, which calls for a broader set of financial accounting skills focused on environmental, social and governance (ESG) reporting. What is sustainable finance?

audit 52

audit accounting and finance auditor accounting principles 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

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 104

Account accountant accounted Real Estate 104

Going Concern

AUGUST 5, 2022

note: are you obsessed with accounting news? If the world had no accountants [ The Indicator from Planet Money ] As the unsung heroes of the financial world, CPAs (Certified Public Accountants) are responsible for a wide range of important tasks, from balancing the books to investigating fraud. Yeah, us too.

Account 97

Account accountant accounted audit 97

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

MARCH 4, 2022

Deloitte considers Russia pull out as pressure grows on western firms to exit [ Financial News ] Deloitte is considering pulling out of Russia, becoming the first Big Four audit firm to do so as pressure grows on Western companies to cut ties with the country following its invasion of Ukraine.

audit 69

audit Kansas auditor bookkeeping jobs 69

Accounting Insight

AUGUST 8, 2023

Accounting fraud causes serious damage. According to the latest report by the Association of Certified Fraud Examiners (ACFE), Occupational Fraud 2022, accounting fraud is the type of business fraud that causes the highest losses to companies. Internal auditors discover 16% and external auditing 4% of cases.

Account 52

Account accountant accounted auditor 52

Anders CPA

JANUARY 8, 2024

Jeanne Dee, CPA/CGMA, audit and assurance partner at Anders CPAs + Advisors (Anders), has been appointed to the Financial Accounting Standards Board (FASB) Not-for-Profit Advisory Committee (NAC) effective January 1, 2024. in Accounting from the University of Missouri – St. I’m excited to get started! She holds a B.S.

Missouri 98

Missouri audit accounting principles accounting standards 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. Look no further, Accountingfly’s top remote accounting candidates of the week are here.

Minnesota 98

Minnesota cpas audit CPA 98

Going Concern

SEPTEMBER 1, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Check out this week’s top remote accounting candidates. Check out this week’s top remote accounting candidates. P.S. We’re off for Labor Day, hope you are too.

Account 105

Account accountant accounted audit 105

MyIRSRelief

MAY 15, 2024

Improper reporting of reimbursements under accountable plans, as outlined in IRC Section 62(c). Resolution through an Enrolled Agent: EAs can provide clarity on the classification of workers and help set up accountable plans for volunteer reimbursements that comply with IRS guidelines, ensuring that reimbursements are not taxed as income.

Tax 130

Tax payroll tax payroll tax preparation 130

CPA Practice

MAY 25, 2023

The Illinois CPA Society (ICPAS) has presented its Outstanding Educator Award to two Illinois accounting faculty as part of its 2023 awards program. Accounting educators are instrumental in stewarding the next generation of leaders into the profession,” says Geoffrey Brown, CAE, president and CEO. Madeline K. Trimble, Ph.D.,

Illinois 52

Illinois CPA intermediate accounting managerial accounting 52

CPA Practice

JANUARY 11, 2023

Paul Munter, who has served as acting chief accountant at the Securities and Exchange Commission (SEC) since January 2021, was appointed chief accountant on Wednesday. As chief accountant, Munter will continue to lead the Office of the Chief Accountant and serve as the principal advisor to the SEC on accounting and auditing matters.

Colorado 52

Colorado Account accountant accounted 52

Cherry Bekaert

OCTOBER 5, 2023

Accounting , fondly known as the ‘language of business,’ tells the story of how a business is performing. 1) Fast-forward to present day and the fundamental concepts performed by modern bookkeepers and accountants remain, but functionality and performance look vastly different in the age of all things digital.

Real Estate 115

Real Estate Account accountant accounted 115

PANALITIX

MAY 31, 2021

Specializing an Accounting Business: . Accountants are increasingly specializing in response to the commoditization of ‘traditional’ accounting services. Accountants are increasingly specializing in response to the commoditization of ‘traditional’ accounting services. Management accounting. Cost Accounting.

Account 130

Account accountant accounted Non-Profits 130

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

Going Concern

NOVEMBER 28, 2022

Several US audit firms told the Financial Times that they had elevated some or all of their crypto-related clients to the status of “high risk”, triggering a more thorough audit that will take longer and lead to higher bills; some clients could ultimately be dropped altogether. Happy Monday! KPMG UK has announced a £5.5

Account 94

Account accountant accounted Gaming 94

ThomsonReuters

DECEMBER 6, 2022

Given the increased focused on ESG, this blog marks the first in a series dedicated to ESG and its impacts on the accounting profession. What is ESG accounting? As a growing number of businesses focus on ESG-related initiatives, accounting is playing an increasingly important role. Then there’s the tax implications.

auditor 59

auditor Account accountant accounted 59

CPA Practice

FEBRUARY 27, 2024

By Amrita Choudhary, Kiplinger Consumer News Service (TNS) In recent years, lease accounting standard ASC 842 has replaced the ASC 840 standard. Noncompliance with ASC 842 carries significant risks, including financial misreporting, regulatory penalties and a loss of stakeholder trust. Neglecting training and updates.

Account 52

Account accountant accounted accounting standards 52

PYMNTS

DECEMBER 4, 2020

Munich prosecutors have launched an investigation into the Ernst & Young ( EY ) audit of Wirecard AG, compounding the firm’s troubles associated with $2.3 EY’s Wirecard fiasco triggered a 90 percent freefall in its share price in June, while critics have come down on the accounting firm for not noticing billions were missing.

audit 75

audit auditor Legal accounting firms 75

Going Concern

APRIL 26, 2023

Easily finding the one near me, the job description explains their motive nicely (from the Blockchain & Digital Assets Manager position in Falls Church, VA): We are expanding Deloitte’s Audit & Assurance Blockchain & Digital Assets practice.

audit 108

audit accounting and finance Tax financial accounting 108

inDinero Accounting

MAY 11, 2021

The rapid advancement of accounting software has led to the underutilization of resources. Not knowing how effectively accounting uses software (on-premises or in the cloud) is a costly business ops issue that your chief financial officer should monitor across the organization, especially in accounting.

Technology 97

Technology Account accountant accounted 97

CPA Practice

MARCH 13, 2024

government by hiding millions of dollars in Swiss bank accounts and lying to the IRS about his foreign assets for decades, according to federal authorities. bank accounts and real estate properties. Three years later, the IRS began auditing Rotta after obtaining evidence of unreported foreign financial accounts.

Tax 52

Tax Account accountant accounted 52

Going Concern

NOVEMBER 18, 2022

EY split threatens to weaken both sides of firm, say retired partners [ Financial Times ]. 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.

Technology 80

Technology audit auditor accounting and finance 80

Simple Accounts

MARCH 30, 2022

Accounting is one of the most well-liked professions. The number of students choosing commerce as a major in college and accounting-related employment is on the rise. Companies, both big and small, are looking for the finest accountants. . Companies, both big and small, are looking for the finest accountants. .

Account 52

Account accountant accounted audit 52

CPA Practice

MARCH 7, 2023

The Uniform Certified Public Accountant Examination (CPA Exam) is regularly updated to reflect enhancements to accounting and auditing standards as well as tax laws and regulations — and to improve the efficiency of the exam. What do the 2024 CPA Exam changes mean for accounting practices? You have to sell them.”

Technology 137

Technology CPA cpas audit 137

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 86

Account accountant accounted Tennessee 86