CPA Practice

OCTOBER 17, 2024

The alarm bells in accounting have been ringing for years: fewer people want to join – or stay – in the profession. The American Institute of Certified Public Accountants (AICPA) said in its “2023 Trends” report that the percentage of accounting graduates fell 7.8% Accounting roles must evolve to allow for this shift.

Technology 124

Technology Account accounted accountant 124

CPA Practice

JUNE 5, 2025

Today, the firm’s team of over 85 professionals delivers comprehensive services including audit, tax, business advisory, business valuation, fraud and forensic accounting, outsourced accounting, and wealth management consulting.

Texas 109

Texas accounting firms Technology Account 109

MyIRSRelief

JULY 4, 2025

Receiving notice of an IRS audit can be one of the most stressful and intimidating experiences a taxpayer faces, triggering immediate concerns about potential penalties, additional taxes, and the complex process ahead. The three primary types of IRS audits each present different challenges and require distinct defense strategies.

audit 130

audit tax return Tax Legal 130

Going Concern

JANUARY 9, 2025

While the AICPA and large accounting firms have begged urged the SEC not to approve the PCAOB Firm and Engagement Metrics rule (PCAOB-2024-06) approved by the PCAOB on November 21, 2024, at least one person would like to see the added transparency this rule could provide and he’ll explain why in a comment letter we’ll discuss below.

audit 125

audit auditor Education accounting firms 125

Accounting Today

JUNE 23, 2025

The Governmental Accounting Standards Board is juggling a variety of projects to improve accounting for state and local governments as they come under pressure from the threat of reduced funding from the federal government. "If All rights reserved.

accounting standards 101

accounting standards Government Technology audit 101

AccountingDepartment

JULY 10, 2025

Navigating the complex world of government contracting often means adhering to stringent requirements, especially when it comes to accounting practices. For government contractors, being DCAA-compliant (Defense Contract Audit Agency) is not just a recommendation—it’s a necessity.

Government 64

Government audit Account accountant 64

ThomsonReuters

FEBRUARY 4, 2025

Jump to Key areas where AI enhances tax services in large firms Barriers to AI adoption in large firms and overcoming them Embrace AI in your large firm for a competitive edge The tax and accounting industry is on the brink of a significant transformation, driven by the integration of artificial intelligence (AI) and generative AI (GenAI).

accounting firms 98

accounting firms Tax Account accounted 98

Going Concern

OCTOBER 21, 2024

People familiar with the matter told the Financial Times the UK firm had introduced the new grade to hold on to a key layer of senior accountants and consultants and to bring in external hires with higher salaries. In a matter of weeks, we should be hearing that the Pentagon has failed yet another audit. forces dominant.

Account 59

Account accounted accountant South Dakota 59

Going Concern

NOVEMBER 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.

Florida 98

Florida Mississippi audit auditor 98

CPA Practice

NOVEMBER 19, 2024

By Jeff Gramlich, CPA, CITP In today’s audit landscape, we’re witnessing the early stages of an AI revolution. Before AI can transform audit, we need to solve the fundamental challenge of making financial data flow freely and consistently across systems. Create audit trails that make decision-making transparent and accountable.

auditor 52

auditor audit Technology CPA 52

CPA Practice

DECEMBER 6, 2024

Tankersley, CPA.CITP, CGMA 00:00 Welcome to the accounting Technology Lab, sponsored by CPA practice advisor, with your hosts, Randy Johnston and Brian Tankersley. Randy Johnston 00:10 welcome to the accounting Technology Lab. And so, you know, thats why, for example, audit miners there.

Technology 98

Technology Account accounted accountant 98

CPA Practice

DECEMBER 2, 2024

government operate more proficiently. The study is an accounting of the cost of in-person audits carried out by the Internal Revenue Service relative to the taxes paid as the result of the audits. The researchers found in-person audits take just under 30 hours of labor on average and cost the agency $5,900.

Government 59

Government audit Tax tax return 59

Accounting Seed

MAY 28, 2025

To be a successful government contractor, your business processes need to be Defense Contract Audit Agency (DCAA) compliant. Successfully completing a DCAA audit ensures the legality of your operation and helps you continue acquiring government contracts. What Does DCAA Compliant Mean?

accounting software 52

accounting software Account accounted accountant 52

Going Concern

JANUARY 3, 2025

Psst, take our 2025 Predictions for the Accounting Profession survey. 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.

auditor 98

auditor audit Rhode Island cpa firm 98

Going Concern

JUNE 27, 2025

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. In short, audits are not working as intended.

audit 59

audit Technology accounting and finance Florida 59

MyIRSRelief

JULY 11, 2025

While both are tools used by the government to ensure the collection of unpaid taxes, they serve very different purposes and have distinct implications for taxpayers. A lien is the government’s legal claim against your property when you fail to pay a tax debt. How Does a Lien Work?

Real Estate 130

Real Estate Legal Tax accounting and finance 130

CTP

JANUARY 15, 2025

Just the mention of the word audit can strike fear into a taxpayers heartbut with enough preparation, an audit does not have to be a reason for anxiety. Each year, a number of audits are randomly chosen by the IRS, so the possibility of being audited is unavoidable even if your tax return has been filled out perfectly.

audit 52

audit auditor Legal tax return 52

Going Concern

OCTOBER 10, 2024

Are you having trouble finding remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? With our Always-On Recruiting service, you can access a pool of top remote accounting candidates without any upfront costs. Accountingfly can assist you!

Real Estate 59

Real Estate Account accounted accountant 59

CPA Practice

OCTOBER 22, 2024

Grant Thornton, a provider of end-to-end audit, assurance, tax and advisory services, has appointed Greg Davis to lead the firm’s Workday practice. With strong leadership experience in driving initiatives in education, government and healthcare, his commitment to excellence is evident.

accounting and finance 119

accounting and finance Healthcare Manufacturing payroll 119

CPA Practice

JUNE 30, 2025

From tax prep to asset management, invoicing and portals, and auditing to remote CFO functions, the services the accounting and tax pros provide are dependent on the technologies they use. The awards highlight the most useful technology for firms and clients. © 2025 Firmworks, LLC.

Technology 104

Technology Rhode Island South Dakota West Virginia 104

Accounting Today

JULY 18, 2025

Bloomberg announces new features for AI Assistant Bloomberg Tax and Accounting announced a bevy of new features for its AI Assistant. All rights reserved.

Technology 64

Technology sage accounting accounting and finance audit 64

Going Concern

DECEMBER 20, 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. We believe accounting is among the most important and foundationaland might happen the fastest.

Rhode Island 52

Rhode Island Account accounted accountant 52

ThomsonReuters

JANUARY 9, 2025

The extensive reliance on manual spreadsheets and inconsistent policies, coupled with data fragmentation from a lack of standardization and centralization, increases the complexity of corporate governance processes. ESG factors are crucial in corporate governance, evaluating a company’s long-term sustainability and ethical impact.

Technology 52

Technology Government financial statements Tax 52

Acterys

JANUARY 8, 2025

Integrating ESG and Non-Financial Data Modern financial consolidation systems need to accommodate more varied data, including specialized ESG (Environmental, Social, and Governance) data and metrics. Organizations must prioritize tools with robust encryption, access controls, and audit trails to safeguard their data.

Technology 130

Technology accounting and finance Finance accounting software 130

ThomsonReuters

NOVEMBER 8, 2024

Everything from a company’s energy efficiency, water usage, and waste-management practices to its labor policies, product safety measures, and governance rules are covered under most corporate ESG programs. Access report ESG Solutions Expert tools from Thomson Reuters to navigate environmental, social, and governance challenges.

Technology 118

Technology accounting and finance Government Finance 118

Accounting Today

JUNE 13, 2025

All rights reserved. TaxPlanIQ adds new features Pavel Bolotov/pashabo - stock.adobe.com Tax planning solutions provider TaxPlanIQ rolled out several new features. A Multi-1040 Uploader and Opportunity Analyzer allows bulk upload of up to 100 client returns at once.

Technology 82

Technology tax planning audit tax preparation 82

CPA Practice

NOVEMBER 4, 2024

million to the Internal Revenue Service after a rare IRS audit of the state found it owed millions of dollars in taxes in 2020. Samuel Handwerger, a Certified Public Accountant who teaches at the University of Maryland’s Robert H. It might be the first time the state has ever been audited,” Lierman said. 2—Maryland has paid $5.4

Maryland 111

Maryland Tax audit payroll 111

Going Concern

MARCH 17, 2025

Thanks to the person on r/accounting who recommended it. IGN reviews The Accountant 2. The TLDR: “Theres less bean counting in The Accountant 2, but far more blood and bullets.” For example, KPMG Canada audited such household names as the Bank of Montreal, Suncor Energy, and IAMGOLD. percent in 2017 and 45.2

Oklahoma 71

Oklahoma Account accounted accountant 71

Accounting Today

JUNE 17, 2025

EDT 3 Min Read Facebook Twitter LinkedIn Email Private equity in the profession; green cards and exit taxes; governance for preparers; and other highlights from our favorite tax bloggers. All rights reserved. A recent paper examines how uncertainty is suggested again by Zilka v. Tax Review Board.

E-commerce 82

E-commerce Technology tax preparation Illinois 82

LSLCPAs

JUNE 19, 2025

For local government finance teams, reconciling your bank accounts to the general ledger isn’t just about ticking boxes. The post Steps to Smooth Bank Reconciliations (and Fewer Headaches at Audit Time) appeared first on LSL CPAs.

audit 52

audit general ledger auditor cpas 52

Accounting Today

JUNE 12, 2025

After an IRS audit in 2016 assessed a federal tax debt totaling some $1 million, Archer concealed and transferred assets through two LLCs he controlled and began using third-party bank accounts to evade paying the tax debt. All rights reserved.

Tax 85

Tax tax preparation audit Technology 85

inDinero Tax Tips

JANUARY 1, 2025

When youre building a tech startup, accounting probably doesnt feel very exciting. In this article, well explore the essentials of tech startup accounting, including best practices, common mistakes, and the accounting software we think will make your life easier. Whats Unique About Tech Startup Accounting?

accrual accounting 59

accrual accounting Account accounted accountant 59

Accounting Today

JULY 16, 2025

EDT 4 Min Read Facebook Twitter LinkedIn Email The accounting sector is poised to undergo its greatest reshuffling in generations. accounting firms have taken PE investment. All rights reserved. Since 2021, nearly a quarter of the 100 biggest U.S.

Technology 69

Technology audit tax preparation auditor 69

TaxConnex

APRIL 17, 2025

Also untaxed, usually, are sales to nonprofits or to such entities as schools, churches, governments, charities and trade, social welfare and veterans organizations. Customers tax exemption is no honor system: The customer must provide or have provided a tax exemption certificate that should be scrutinized during due diligence.

Sales 147

Sales Tax Illinois Manufacturing 147

ThomsonReuters

MARCH 17, 2025

Blog home With regulatory bodies intensifying their focus on audit quality , todays audit professionals face a growing level of scrutiny around their work. To adapt to an industry in flux, audit professionals must harness modern solutions that offer robust documentation frameworks, advanced technology, and proven audit methodology.

audit 52

audit auditor Technology financial statements 52

Going Concern

MAY 12, 2025

It’s also suing the auditing firm Baker Tilly, saying auditors missed signs of fraud. University of Tulsa shares a bit of wisdom for students picking a major from a business school graduate whose mom was an accountant and who initially didn’t want to spend her working life surrounded by number crunchers (who does??):

Kansas 52

Kansas Connecticut Account accountant 52

Going Concern

JUNE 30, 2025

PwC told some 270 audit associates last week that they were part of a compulsory redundancy round, according to people familiar with the matter, with one saying headcount in the division was too high partly because of a lack of junior staff leaving voluntarily. And this was prevalent across government. Have a good one, you.

Account 103

Account accountant accounted Technology 103