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Friday Footnotes: Anyone Wanna Work in Hollywood?; Profit-Hungry CEOs Love Gen AI; KPMG’s SF Future | 1.19.24

Going Concern

TSG’s lawsuit filed last August in Los Angeles District Court said that Fox had promised TSG a share of defined gross receipts for pictures under the companies’ long-term participation agreement but that the studio used “nearly every trick in the Hollywood accounting book” to not pay. Arizona Auditors Found $1.8

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Navigating an IRS Audit: Understanding and Mitigating Risks for a Small Business Audit

inDinero Accounting

This may include: Business income and expense records Bank statements and canceled checks Receipts for business expenses Accounting books and ledgers Prior years’ tax returns The Audit Process: For correspondence audits, you’ll mail in the requested documents.

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Business Fraud Prevention Strategies Every Skagit County Business Should Know

SkagitCountyTaxServices

And dont forget to reevaluate your controls at least annually (ideally with the help of a third-party accountant or auditor who can test for gaps you might be too close to see). Business fraud prevention strategy #3: Set an anti-fraud culture. Culture matters as much as controls in fraud prevention.