Going Concern

JUNE 3, 2022

The Financial Accounting Standards Board adopted CECL in 2016, prompted by criticism that banks had booked losses too slowly in the run-up to the 2008 financial crisis. That is a far broader calculation than the old rules, which were based on losses expected imminently.

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Going Concern

SEPTEMBER 1, 2023

Check out this week’s top remote accounting candidates. Check out this week’s top remote accounting candidates. The “big four” accounting firm reported revenue of A$3.4 Despite receiving the completed and accurate tax returns from the accounting firm, Patrick did not file them with the IRS.

Account 102

Account accountant accounted audit 102

Going Concern

MARCH 25, 2022

Akazoo fired its CEO and saw its stock price tumble shortly thereafter, and investors have now filed a $40 million lawsuit against the accounting firm that audited the defunct company’s financials. Louis also held himself out to be an accountant who prepared tax returns for pay or as a favor to friends.

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CPA Practice

MAY 30, 2023

Starting in 2024, the redesigned CPA exam places a greater emphasis on technology and analytical skills, as well as on tax, accounting, and audit. There are 12 initiatives —some considered near-term, some mid-term, and others long-term—the AICPA said it’s focusing on to fix the accountant shortage.

CPA 116

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