Accounting Today

JUNE 5, 2025

EDT 5 Min Read Facebook Twitter LinkedIn Email Over the last several months, Ive been partnering with Intuit QuickBooks, Brittany Brown with Ledger Gurus and Utah Valley University professor David Waite to deliver a hands-on accounting curriculum that teaches students the skills they need to succeed in the accounting profession.

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Accounting Today

JUNE 9, 2025

Businesses" report found that 34% of respondents said they are "very likely" to switch auditors in the next three years, 36% are "somewhat likely" and 15% are "not sure." All rights reserved. EDT 2 Min Read Facebook Twitter LinkedIn Email More than two-thirds (70%) of U.S. Inflos "Creating a New Audit Experience for U.S.

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CPA Practice

JUNE 17, 2025

OBannon Cherry Bekaert has been included in Hedge Fund Alert’s 2025 list of Top Hedge Fund Auditors. Following the recent acquisition of the business of Spicer Jeffries LLP , Cherry Bekaert is now ranked first among middle-market accounting firms. hedge fund auditors, marking a significant milestone in the Firm’s history. .”

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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.

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Accounting Today

JULY 8, 2025

The International Auditing and Assurance Standards Board has revised its standard on the auditor's responsibilities relating to fraud.

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CPA Practice

NOVEMBER 19, 2024

For example, an AI system trained primarily on large corporate data might incorrectly flag normal seasonal fluctuations in small retail businesses as high-risk transactions, or overlook industry-specific accounting practices in niche sectors. Create audit trails that make decision-making transparent and accountable.

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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. For the Defense Department to pass its audit, it must account for more than dollars. forces dominant.

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CPA Practice

JULY 16, 2025

Deloitte has rolled out a series of new artificial intelligence capabilities within its global cloud-based audit and assurance platform, Omnia, designed to evolve the audit process.

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ThomsonReuters

NOVEMBER 25, 2024

← Blog home As a new presidential administration takes shape, the potential for substantial shifts in tax laws and other financial regulations is top of mind for auditors. In particular, auditors should look for: New significant risks. Ensure compliance risk is incorporated into your audit assessments to avoid surprises.

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Going Concern

JULY 9, 2025

According to a recent paper in Contemporary Accounting Research , auditors with “uncommon” names are more likely to allow bending of audit standards. Collectively, our study provides novel evidence on the role of auditor individualism in earnings comparability. But the reality is much more complicated, Kim says.

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CPA Practice

JULY 7, 2025

This edition of "Audit Focus" highlights key reminders for auditors of small public companies or brokers and dealers on engagement acceptance and why it's a critical part of the audit process.

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CPA Practice

DECEMBER 3, 2024

UHY is getting an injection of private equity funding from Boston-based investment firm Summit Partners, calling it a significant milestone in its growth and strategic development, the top 30 accounting firm said on Dec. With this deal, more than 35% of the top 30 accounting firms in the U.S. In the U.S., UHY in the U.S.

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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. Talent Attn accounting employers: your talent woes are over!

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Going Concern

JANUARY 6, 2025

While I have you, allow me to ask you to take our 2025 Predictions for the Accounting Profession survey — it’s quick, simple, and we don’t want your email. FT : Accounting firms say the metrics tell investors little about whether an audit is being done well and are likely to be misunderstood without additional context.

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CPA Practice

NOVEMBER 11, 2024

The Public Company Accounting Oversight Board (PCAOB) revoked the registration of a Chinese audit firm on Nov. First, on multiple occasions, the accounting firm failed to timely report the participants in its issuer audits on PCAOB Form AP, in violation of PCAOB Rule 3211, Auditor Reporting of Certain Audit Participants.

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ThomsonReuters

DECEMBER 2, 2024

While it does not change the confirmation requirements, it prompts auditors to re-examine inherent risk factors closely, particularly for areas like cash and cash equivalents, where fraud can be more prevalent. A critical takeaway for auditors is that if controls are not tested, then the RMM equals the inherent risk.

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Going Concern

DECEMBER 5, 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!

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CPA Practice

JULY 7, 2025

The proposed Statement on Auditing Standards contains a number of changes, including the establishment of required procedures for when an auditor has identified fraud or suspected fraud.

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Withum

JANUARY 30, 2025

The accelerated and large accelerated filers are required to comply with SOX 404(b) requirement, which mandates external auditors opinion on ICFR. Focus on GAAP Compliance Review your accounting policies to ensure they align with Generally Accepted Accounting Principles (GAAP). All publicly traded companies in the U.S.

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CPA Practice

OCTOBER 18, 2024

Hosts Brian Tankersley, CPA, and Randy Johnston review TimeCredit AI, an AI assistant for technical accountants. Tankersley, CPA.CITP, CGMA 00:00 Randy, welcome to the accounting Technology Lab sponsored by CPA practice advisor. So Brian, I know that from your perspective, you often introduce yourself as recovering auditor.

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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 its a its good that theyve got the APIs and everything in here. Is it perfect yet? Sure, its not.

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CPA Practice

JULY 15, 2025

The three firms censured and fined by the PCAOB on July 11 for violating U.S. auditing rules and standards were Goldman & Co. CPAs ($25,000), Raymond Chabot Grant Thornton in Canada ($30,000), and PWR CPA ($60,000).

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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.

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Summit CPA

OCTOBER 10, 2024

account fraud What is Negligence? We recommend having these four types of bank accounts to keep financials neat. If you own a business, you must keep a separate bank account for your business and personal transactions to avoid more questions from the IRS. Do not withhold information from an auditor intentionally.

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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. But in todays environment, its at least something they have to consider."

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Going Concern

JULY 11, 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. percent to 48.4 Talent Attention, firms! s receiver is suing Ernst & Young LLP for C$1.4

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Withum

MAY 5, 2025

Control Processes Documentation The business should have clearly defined control processes and segregation of duties that are adhered to regarding cash, accounts receivable, accounts payable, inventory (if applicable), payroll and the month-end close process. This standard applies to most assets, including accounts receivable.

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Accounting Seed

MAY 28, 2025

You can make your life easier and guarantee smooth audits by using accounting software that helps government contractors meet DCAA compliance. Instead, DCAA audits check if your organization meets: Federal Acquisition Regulation (FAR) Cost Accounting Standards (CAS) And other government rules. What Does DCAA Compliant Mean?

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CPA Practice

JUNE 18, 2025

He also has more than 25 years of public accounting experience in the Columbus area. His executive leadership experience, coupled with his extensive experience in public accounting, further enhances Schneider Downs’ ability to provide highest-level consulting and guidance to its roster of clients.

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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!

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Shay CPA

FEBRUARY 19, 2025

This tool gives you a way to validate that your company is following proper accounting practices and that your books are accurate. based companies, that means adhering to generally accepted accounting principles (GAAP). As a startup, aligning with GAAP usually means starting with accrual-based accounting. As of 2022, all U.S.

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CPA Practice

NOVEMBER 11, 2024

Make it official — and secure stakeholder buy-in You’ll also want to document your plan in writing to ensure clarity and accountability. Steve Saah is the executive director of the finance and accounting permanent placement practice at Robert Half , the world’s first and largest specialized financial talent solutions service.

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CPA Practice

JUNE 9, 2025

is an intuitive and affordable assurance platform where accounting and finance professionals can easily discover and quickly benefit from the most advanced technologies. AuditPro.ai

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CPA Practice

NOVEMBER 5, 2024

million to settle a Securities and Exchange Commission lawsuit that alleges that two former executives committed accounting fraud at the Stamford-based company. The accounting problems came to light in April 2023, when Lovesac’s finance team found that approximately $2.2 (TNS) Nov. 4—Furniture retailer Lovesac has agreed to pay $1.5

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CPA Practice

NOVEMBER 27, 2024

The field of public accounting is undergoing significant change, from rapid advancements in technology to evolving client expectations, including increasing demand for strategic advisory services. Research for the 2025 Salary Guide From Robert Half found that 85% of finance and accounting managers in the U.S. By Steve Saah.

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CPA Practice

JULY 14, 2025

CCH Validate reimagines bank confirmations, putting auditors in full control to obtain confirmations with unprecedented speed. Leveraging advanced technologies—including blockchain for tamper-proof assurance—it enables 100% bank statement retrieval from banks worldwide.

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