Remove accounting firms Remove accounting principles Remove accounting standards Remove audit
article thumbnail

Tokenization: Transforming Finance and Elevating the Role of Accounting and Audits

Withum

As tokenization gains momentum, the role of accounting and audits becomes increasingly vital in ensuring transparency, accountability, and trust in these emerging technologies. Every token transfer and ownership change is recorded transparently, creating a comprehensive audit trail.

article thumbnail

Friday Footnotes: Deloitte Partner Scammed By Other Deloitte Partner; Big 4 Legal Grows; A $3.5 Billion Error | 2.17.23

Going Concern

” Big Four: EY, Deloitte, KPMG, and PwC step on law firms’ toes increasing legal revenue to £1.25bn [ City A.M. ] The Big Four accounting firms – EY, Deloitte, KPMG, and PwC – are capturing an ever-larger share of the global market for legal services. Regulators are, in general, supportive.”

Legal 97
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Friday Footnotes: A World Without Accountants; GAO Finds a Big Mistake; ‘Fazbie’ | 8.5.22

Going Concern

Meet the accountants who may become the new power brokers of taxes. [ needs full access to Chinese company audit papers to resolve accounting dispute -watchdog [ Reuters ] The U.S. needs full access to Chinese company audit papers to resolve accounting dispute -watchdog [ Reuters ] The U.S. million (Sh4.8

Account 97
article thumbnail

The Importance of an Accurate Balance Sheet

Basis 365

A proper balance sheet can increase your chances of securing the funding you need to grow your business because financier’s will have more confidence in your accounting systems. Complying with Accounting Standards and Tax Regulations An accurate balance sheet is also vital for complying with accounting standards.

article thumbnail

Friday Footnotes: Accounting AI Explodes; SOX Compliance Sux; KPMG Gets on a List | 6.17.22

Going Concern

KPMG has gone above and beyond my expectations of a Big 4 accounting firm because of their attention they give their employees. FASB also rescheduled its upcoming webcast that will provide a semi-annual update on its standard-setting activities pertaining to private companies and nonprofit organizations.

Account 52
article thumbnail

AICPA Dealership Conference – Updates and Takeaways

Withum

Every year the top dealership accounting firms and CFOs converge to discuss the latest hot topics as they relate to dealerships and dealership accounting issues. It is important to note that this method does increase the risk of hobby loss disallowance on audit.