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

Going Concern

MAY 13, 2024

AT&T is coming for your recruits : AT&T Woos Accounting Students, Bypasses Big Four Training Ground AT&T Inc.’s ’s top accountant is confronting a competitive job market by rethinking the company’s traditional reliance on large CPA firms as a training ground for new hires, taking her recruiting pitch on-campus instead.

Oregon 75

Oregon Account accountant accounted 75

Going Concern

APRIL 12, 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. While the average mean salary for accountants in the U.S.

CPA 96

CPA auditor Tax audit 96

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.

public accounting 84

public accounting Account accountant accounted 84

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 101

Technology Account accountant accounted 101

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?

audit 62

audit Account accountant accounted 62

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 15, 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. Accounting giant renews lease in downtown S.F. —

auditor 107

auditor audit cpas Iowa 107

Going Concern

FEBRUARY 26, 2024

During this two-year audit, the Marine Corps had independent third-party auditors from Ernst and Young vet the value of all its assets listed on financial statements. The PCAOB inspected four EY Canada audits — three in which the firm was the principal auditor — and found deficiencies in two (50% with Part I.A

audit 57

audit Mississippi auditor tax return 57

Going Concern

JULY 8, 2022

Wirecard’s former top accountant admits forging documents for KPMG special audit [ Financial Times ] Wirecard’s ex-head of accounting has admitted to forging documents requested by KPMG during a special audit, ahead of a trial that is set for later this year, according to people familiar with the matter. Anyone else?

auditor 85

auditor Account accountant accounted 85

ThomsonReuters

JANUARY 12, 2023

The primary role of an accountant is to handle a variety of tasks including tax preparation, financial planning and audits. . With advanced technology shifting the way accountants work, many are looking to expand into specialized services that can give them a leg up on the competition. Financial statements (i.e.,

audit 59

audit auditor Account accountant 59

ThomsonReuters

JUNE 28, 2023

If you’re a tax firm leader looking to differentiate yourself from the competition, providing your clients with insight into their ESG data is a great way to set your firm apart. Let’s take a look at some best practices accounting firms can use to help clients overcome the challenges of ESG data collection and management.

Tax 98

Tax auditor audit Technology 98

Going Concern

FEBRUARY 12, 2024

EY piled more than $700mn of extra debt on to its global operating business to deal with the costs of the failed plan to spin off its consulting arm, according to newly filed accounts. The extra debt is designed to smooth the costs of Project Everest across more than one financial year. Some are finding solutions overseas.

auditor 70

auditor Account accountant accounted 70

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

FEBRUARY 10, 2023

Talent As tax season approaches, accounting firms are short on staff [ Marketplace ] Oh hey! How can employers optimise working environments to support the needs of their accountancy teams and ultimately retain them, all while adding value to their organisation? The stablecoin firm released BDO’s assurance opinion on Feb.

Florida 93

Florida Tax North Dakota Account 93

Going Concern

JANUARY 26, 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. AI Is your firm keeping pace? KPMG’s U.S. million from the federal government.

Account 114

Account accountant accounted audit 114

Going Concern

MAY 24, 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. ICYMI: Here are the five most-read posts on Going Concern this week.

audit 69

audit auditor accounting and finance accounting firms 69

Ryan Lazanis

APRIL 18, 2023

Artificial intelligence in accounting is currently transforming the industry. Table of Contents What is AI in Accounting? Can AI Replace Accountants? Benefits of Artificial Intelligence How is AI Used in Accounting? This includes tasks such as financial reporting, audit and compliance, fraud detection, and data analysis.

Account 96

Account accountant accounted Technology 96

Going Concern

MARCH 1, 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. This is an accounting trick.

audit 103

audit Nebraska auditor chartered accountant 103

Going Concern

JUNE 23, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Talent How Can the Accounting Profession Attract a Diverse Generation Z? [ Attracting and retaining these diverse young workers thus represents the next great challenge for firms.

cpa firm 99

cpa firm CPA auditor North Carolina 99

Going Concern

APRIL 1, 2024

Business Insider wrote about the accountant shortage, specifically Tupperware griping in regulatory filings that it can’t find enough people (again): The accountant shortage is so bad that companies are delaying filing key mandatory reports. Here are some things I’m pretty sure are true.

Account 102

Account accountant accounted audit 102

Going Concern

SEPTEMBER 29, 2022

She goes on to say the Board is not just pursuing individual wrongdoing but “holding firms accountable in more situations, including for failing to appropriately staff or respond to the risks of an audit.” ” That last point is not good news for critically understaffed audit firms. Will it be enough?

auditor 57

auditor audit accounting and finance accounting firms 57

Withum

DECEMBER 12, 2023

Certified Public Accountants (CPAs) are the trusted providers of most companies for financial auditing and have been supporting the assurance of non-financial ESG and climate information for decades. Regulation: Many of the world’s most far-reaching climate regulations require assurances from pre-approved third-party auditors.

audit 59

audit cpas Account accountant 59

Going Concern

SEPTEMBER 29, 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 and advisory firm in an email said it plans to move its office from One Cleveland Center (1375 E. What CPAs can learn from Smucker’s [ Accounting Today Voices ] J.M.

auditor 99

auditor audit New York CPA 99

Going Concern

FEBRUARY 19, 2024

Underemployed staff at the Big Four auditors risk losing their jobs as firms step up their scrutiny of employee workloads in a downturn. EY and Deloitte are among firms that are letting inactive employees go at performance reviews outside of already announced job cuts, according to sources. CHECK THIS DUDE OUT.

auditor 57

auditor Account accountant accounted 57

Going Concern

JANUARY 29, 2024

Accounting Ranks First In Something Good For Once More 2. Grant Thornton Gets Downgraded to a Tier 2 Firm, That’s Probably a Good Thing 1. EY Is Going on a Hiring Spree in the Philippines According to a Financial Times story published this morning , RTO isn’t going so hot at the King’s EY.

auditor 52

auditor cpa firm Account accountant 52

Reckon

AUGUST 9, 2022

While blockchain advancement has been discussed at length for some time now – it’s now very much impacting the world of data and global finances. But what do you know about the emergence of blockchain in bookkeeping and accounting? Blockchain accounting is one such service. How can blockchain be used in accounting?

Account 97

Account accountant accounted Technology 97

Going Concern

NOVEMBER 14, 2023

The PCAOB today announced settled disciplinary orders sanctioning Greece-based PricewaterhouseCoopers Auditing Company SA (PwC Greece) and its partner Nicos George Komodromos for violations of PCAOB rules and standards in connection with the audit of the 2016 financial statements of Aegean Marine Petroleum Network Inc.

audit 101

audit financial statements auditor accounting and finance 101

Ryan Lazanis

NOVEMBER 9, 2022

This is my complete guide to accounting automation in 2023. So if you want to: Learn the 8 benefits of automated accounting. Save time by automating your accounting processes. Automate all 15 areas of your accounting. What is Accounting Automation? Will Automated Accounting Replace You? Let’s get started.

Technology 98

Technology Account accountant accounted 98

Menzies

APRIL 19, 2023

Menzies LLP - A leading chartered accountancy firm. Overview of change for auditors: The changes to the standard require a much more granular based risk identification and assessment process, which means that auditors will have to significantly revise their audit approach in order to meet these comprehensive requirements.

auditor 52

auditor audit chartered accountant accounting and finance 52

Going Concern

SEPTEMBER 22, 2023

Miller was appointed vice president for finance in April 2020 and also serves as the university treasurer. In these roles, he provides financial leadership in support of Virginia Tech’s mission and serves as a trusted, collaborative resource for university leadership. That was all ego.

audit 86

audit accounting and finance Virginia auditor 86

Withum

APRIL 27, 2022

Many nonprofit organizations have limited resources and often the finance team also supports the general operations. The accounting system is the basis for reports that must be provided to grant agencies, prospective donors, lenders, its independent auditors, tax preparers, the Board of directors and management. .

general ledger 119

general ledger audit auditor accounting and finance 119

Going Concern

DECEMBER 23, 2022

We will be out of office next week but have scheduled some things to run while we’re gone for those individuals who are severely addicted to accounting shitposts and simply cannot go without. The average British worker’s pay in 2023 is expected to fall back to 2006 levels once inflation is taken into account, according to PwC.

Tax 83

Tax auditor audit tax return 83

ThomsonReuters

APRIL 6, 2023

Whether you’re an accountant, a small business owner, or a professional working within an organization, understanding what accounts payable is and how it works is essential. As an important cash flow indicator, accounts payable is a sign of the health of a business. Often, accounts payable is abbreviated as “AP” or “A/P”.

accounts payable 52

accounts payable Account accountant accounted 52

Going Concern

OCTOBER 11, 2022

These businesses have their financial advisory needs served by hundreds of thousands of small firm accountants and CPAs nationwide. Small business has unique needs for accounting services: primarily tax and advising, and secondarily day-to-day accounting needs to act as de-facto controllers and decision makers.

Education 85

Education Account accountant accounted 85

Going Concern

DECEMBER 19, 2022

Monday Morning Accounting News Brief will resume on January 2, 2023. There was a weird article on Yahoo Finance! in which ChatGPT talks about accounting firms. On Friday, FASB released its annual GAAP Taxonomy , which includes the 2023 GAAP Financial Reporting Taxonomy (GRT) and the 2023 SEC Reporting Taxonomy (SRT).

Account 57

Account accountant accounted audit 57

Going Concern

NOVEMBER 11, 2022

note: if you like accounting news, which you clearly do because you are reading this, we encourage you to sign up for our newsletter for even more accounting news. There’s definitely an accountant shortage out there’: MBAs have become the go-to degree and companies are struggling to hire enough CPAs [ Fortune ].

audit 85

audit auditor Louisiana cpas 85