Cherry Bekaert

SEPTEMBER 26, 2023

However, the Defense Contract Audit Agency (DCAA) does have some specific requirements they look for when performing accounting system audits and labor floor checks. Theydiscuss one of their favorite topics: timekeeping and the government’s expectations. View all Government Contracting Podcasts Questions?

Government 105

Government auditor audit accounting system 105

Cherry Bekaert

AUGUST 18, 2023

Discover our State & Local Government Services. Contact Us The post The Auditor of Public Accounts Oversight of Virginia Local Governments: Key Takeaways Impacting Your 2023 Audit and Financial Reporting appeared first on Cherry Bekaert.

Virginia 52

Virginia public accounting auditor audit 52

Going Concern

SEPTEMBER 20, 2023

note: This post brought to you by the Big Government Auditing lobby. Just kidding, it’s a guest post from Parker Skaats, CPA, an experienced government worker who’s here to pitch the joys of government work to the unwashed overworked masses. Enter the world of government auditing. But government gigs?

Government 116

Government audit CPA auditor 116

Going Concern

JULY 31, 2023

Market concentration in the consultancy industry came to a head this year after it was revealed PwC partners had misused information by passing on confidential Federal Government information to clients, sparking the sale of its consulting business to Allegro Funds to $1. It’s very important for our economy that we have proper audit,” he said.

auditor 86

auditor Account accountant accounted 86

LSLCPAs

FEBRUARY 7, 2024

As auditors, it’s important for us to stay on top of the latest accounting standards to ensure financial accuracy, reliability and compliance. For our clients, its even more important as the real-life implementations of new accounting standards isn’t always as easy as it may seem. GASB Statement No.

Government 59

Government auditor accounting standards cpas 59

SMBAccountant

OCTOBER 21, 2020

There are certain expenses that a business incurs that the federal government does not reimburse. While these costs may be legitimate business expenses, the federal government may disallow a cost which means it cannot be reimbursed using the incurred costs rates calculated to reimburse costs for cost contracts.

Government 100

Government general ledger Account accountant 100

ThomsonReuters

DECEMBER 6, 2022

The spotlight on environmental, social, and governance (ESG) continues to intensify as businesses are increasingly being called upon to disclose more about their ESG performance and strategies. Given the increased focused on ESG, this blog marks the first in a series dedicated to ESG and its impacts on the accounting profession.

auditor 59

auditor Account accountant accounted 59

SMBAccountant

AUGUST 26, 2020

When a small business enters the world of government contracting, the risk associated with maintaining supporting documentation increases significantly. In addition, government contracts will not reimburse alcohol, so the itemized receipt is needed to show what was bought and alcohol must be recorded separately.

Government 100

Government Account accountant accounted 100

SMBAccountant

AUGUST 26, 2020

When a small business enters the world of government contracting, the risk associated with maintaining supporting documentation increases significantly. In addition, government contracts will not reimburse alcohol, so the itemized receipt is needed to show what was bought and alcohol must be recorded separately.

Government 100

Government Account accountant accounted 100

Cherry Bekaert

NOVEMBER 6, 2023

Contact Us The post Cost Accounting Standard Considerations for a Growing GovCon appeared first on Cherry Bekaert. If you have any questions specific to your situation, our GovCon consultants are available to discuss your situation with you.

accounting standards 110

accounting standards cost accounting Account accountant 110

Going Concern

AUGUST 12, 2022

note: fans of accounting headlines are encouraged to sign up for our newsletter to get headlines delivered to your inbox twice a week. How to follow up after a job interview [ Journal of Accountancy ] You aced the job interview. What’s next? Here’s how recruiters and career experts recommend that you proceed.

auditor 90

auditor Account accountant accounted 90

Going Concern

JANUARY 2, 2024

. — Lisa Savigano (@LSavigano) December 28, 2023 Ignition’s Asia-Pacific managing director David New explains why it’s time for accountants to raise their prices and bashes the antiquated billable hour while he’s at it (we love that): At its heart, accounting is a numbers profession. billion euros ($1.66

Government 60

Government Account accountant accounted 60

Going Concern

JUNE 7, 2023

For some time now municipalities have felt the crunch from the accountant shortage and unlike public accounting firms feeling the same, these entities don’t have the luxury of turning down work to ease it nor can they overwork their people with no overtime. Glad you didn’t ask!

Government 52

Government accounting clerk Account accountant 52

SMBAccountant

NOVEMBER 4, 2020

Quality management and accounting systems go hand in hand, especially when it comes to managing government contracts. DCAA auditors not only want to see that there is a policy in place, but there is continued effort to monitor the effectiveness through separation of duties and internal audits.

Government 100

Government Account accountant accounted 100

Going Concern

MARCH 24, 2023

Journal of Accountancy ] Pandemic pressures have worn the workforce thin, and the economy is in the thick of rapid, radical change. Many practitioners in public accounting are feeling burned out. The federal government levies taxes on collectibles held for more than a year at a top rate of 28%. CLA, 8th Largest U.S.

auditor 88

auditor audit Entertainment Real Estate 88

Going Concern

MAY 19, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. ICYMI I Love Accounting. At its core, accounting is a challenging career that requires growth and learning and can usually pay pretty well. So I Had to Leave. [ So I Had to Leave. [

auditor 90

auditor audit accounting and finance South Carolina 90

Going Concern

MARCH 31, 2023

Big 4 EY Fails to Reach Deal on Split [ Wall Street Journal ] The unexpected revolt that has upended the planned breakup of accounting firm Ernst & Young is being driven by two longtime U.S. auditors who believe their part of the firm could end up weakened by a deal. People did not enjoy that.

auditor 96

auditor audit Virginia Technology 96

Going Concern

APRIL 7, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Build ChatGPT into Excel [ Journal of Accountancy ] Note that this process currently works in Microsoft Excel 365, Microsoft Excel 365 for Mac, and Excel for the web. I can imagine it.

auditor 94

auditor chartered accountant audit accounting and finance 94

CPA Practice

MARCH 27, 2024

By Gopal Ratnam, CQ-Roll Call (TNS) The National Telecommunications and Information Administration on Wednesday issued a report calling for establishing a system of audits for artificial intelligence systems that would ensure transparency as well as hold tech companies accountable for potential risks and harms. Jay Obernolte, R-Calif.,

audit 85

audit E-commerce Account accountant 85

CPA Practice

AUGUST 29, 2023

The Institute of Internal Auditors (The IIA) – the internal audit profession’s leader in standards, certifications, education, research, and technical guidance worldwide – will host its annual Financial Services Exchange from September 11-12 in Washington, D.C., along with a virtual attendee option.

auditor 52

auditor audit Washington Education 52

Going Concern

JULY 17, 2023

” Partner pay figures were provided to the Senate as part of an inquiry related to the firm’s sharing of confidential government tax information. They sit in government departments on secondment, occupy hundreds of boards across Australia and earn billions of dollars consulting to the public and private sector.

Account 70

Account accountant accounted auditor 70

Going Concern

MARCH 25, 2024

This episode of Blake Olivier and David Leary’s The Accounting Podcast popped up in my recommended on YouTube this morning, I think because my rugs are dirty. million cut to its budget and then this happened : A new audit of Michigan’s Liquor Control Commission is raising eyebrows in the state government.

Account 77

Account accountant accounted auditor 77

CPA Practice

FEBRUARY 17, 2023

accounting firms perform approximately 40,000 single audits for clients who receive federal grants. The single audit process is very complex, specific, and ever-changing,” said Piritta van Rijin, Global Head of Product, Accounting, Tax & Practice, Thomson Reuters. Each year, U.S.

auditor 52

auditor audit accounting firms financial statements 52

Going Concern

JANUARY 16, 2024

Supposedly accounting is the hottest in-demand remote job : The most sought-after remote job companies are hiring for isn’t in tech, as you might expect. Accountant is the hottest work-from-home job on the market right now. Accountants claimed the top spot in FlexJobs’ annual ranking of the top remote jobs in the U.S.,

Account 93

Account accountant accounted audit 93

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. But what about the books of the auditor? Regulations need to change to match.

audit 60

audit Account accountant accounted 60

CPA Practice

JUNE 28, 2023

By Emily Fish, director of product accounting at LeaseQuery Within the lease accounting standards, there are exceptions to help entities determine which leases are in scope and which are not. First and foremost, the lease accounting standards apply to all entities—there isn’t an exception for an entity or industry as a whole.

accounting standards 124

accounting standards Account accountant accounted 124

Going Concern

APRIL 29, 2022

ICYMI | The CPA Evolution Project Realigns the Professional Certification and Challenges Accounting’s Viability as a Stand-alone Major [ The CPA Journal ] Accounting—at least as an independent field of study—is becoming obsolete in today’s technology- and analytics-focused world. Less work for EY auditors?

auditor 52

auditor audit Account accountant 52

Going Concern

JANUARY 8, 2024

Both the city and county utilize the services of Porter, Muirhead, Cornia and Howard (PMCH) — a certified public accountant based in Casper — for their audits. The firm works with the local governments to compile information for the audit throughout the year.

Wyoming 112

Wyoming audit Government Montana 112

CPA Practice

FEBRUARY 7, 2023

In the letter, Anthony Pugliese, CIA, CPA, CGMA, CITP, President and CEO of The IIA writes that “ although the recommended policy change minimally impacts the provision of internal audit services, it represents a significant departure from the regulatory status quo regarding the relationship between internal (auditors) and external auditors.”

auditor 40

auditor audit Construction accounting standards 40

PYMNTS

JULY 2, 2020

As the fallout from Wirecard ‘s $2 billion accounting scandal continues, some attention has turned to the Germany-based payment company’s auditor, Ernst & Young (EY). The Auditor’s Role. Fraud Concerns Arise. ” Swift Blowback. As seen in recent weeks, the review was not resolved. ” In the U.K.,

auditor 61

auditor audit chartered accountant Construction 61

Going Concern

APRIL 1, 2022

in accounting [ Accounting Today ] Some of the main job gains occurred in leisure and hospitality, and professional and business services, along with retail trade and manufacturing. Professional and business services added a total of 102,000 jobs in March, including 18,200 in accounting and bookkeeping services. Ah, memories.

auditor 52

auditor accounting jobs accountant jobs accounts jobs 52

ThomsonReuters

NOVEMBER 2, 2023

It also revises the definition of significant risk so that auditors will be focused on where the risks lie on a spectrum of inherent risk. As auditors, it’s important to understand how to effectively apply SAS 145 to ensure compliance and enhance the overall audit process. Let’s take a look. Focus on the risk itself.

auditor 105

auditor audit Government Account 105

CPA Practice

MAY 8, 2023

The proposed legislation comes on the heels of an IIA letter calling on Congress to strengthen corporate governance of cryptocurrency exchanges following the collapse of FTX and subsequent outreach by the organization to help shape their policy recommendations. House Committee on Financial Services; and U.S. House Committee on Agriculture.

Government 52

Government Agriculture audit auditor 52

Going Concern

APRIL 25, 2024

But not accountants. Reports FT: KPMG has revoked job offers to some foreign graduates in the UK after the government tightened visa rules for overseas workers in an effort to cut record immigration.

chartered accountant 94

chartered accountant auditor cost accounting management accounting 94

Going Concern

MAY 26, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. The accounting firm is embroiled in a national scandal over its use of confidential information about proposed tax laws to drum up business. Have a safe Memorial Day. million over a decade.

public accounting 76

public accounting Account accountant accounted 76

Going Concern

SEPTEMBER 18, 2023

This next wave of hiring will help the IRS add key talent like tax accountants to help reverse a decade-long decline of audits for the wealthy as well as complex partnerships and corporations. More than the number, auditors are exiting big names, which used to be a rarity. Now we have instances of firms not waiting that long.

audit 60

audit Account accountant accounted 60

PYMNTS

JANUARY 2, 2020

Several high-profile corporate collapses and initiatives from corporate accounting standard-setters have raised questions about businesses’ use of supply chain finance and whether the trade finance tool prevents investors and auditors from gaining a transparent view into company finances.

auditor 52

auditor accounting and finance audit Finance 52