Going Concern

OCTOBER 7, 2022

Accounting’s Big Lie — and How to Fix It [ Project on Government Oversight ] A colossal conflict of interest compromises the auditing of public companies and the financial security of everyone who depends on them. Big 4 accounting firms reap record-high revenues [ The Korea Times ]. Firm Watch. ?FRC

Illinois 89

Illinois CPA audit tax return 89

Menzies

JANUARY 7, 2024

Menzies LLP - A leading chartered accountancy firm. We help you to navigate through annual reporting requirements and explain why adherence to the Financial Reporting Standard (FRS 102) goes beyond the basics outlined by the FCA.

audit 59

audit accounting and finance financial statements Real Estate 59

ThomsonReuters

DECEMBER 6, 2022

Shedding light on the tie between ESG matters and their direct or indirect impact on a company’s financial statements, the Financial Accounting Standard Board (FASB) published in 2021 the Intersection of Environmental, Social, and Governance Matters With Financial Accounting Standards.

auditor 59

auditor Account accountant accounted 59

Going Concern

MARCH 24, 2023

This article will explore how firms can transform a disengaged team and provide actionable insights firm leaders can set in motion today. Firm Watch Ex-BDO USA Workers Advance Narrowed 401(k) Plan Fee Challenge [ Bloomberg Law ] Former BDO USA LLP employees who accused the accounting firm of mismanaging their $1.2

auditor 96

auditor audit Entertainment Real Estate 96

Going Concern

NOVEMBER 18, 2022

More than 150 retired EY partners have written to the accounting firm’s leadership objecting to the radical plan to split its consulting and audit businesses. KPMG blocked from Abu Dhabi audits as it elects new regional boss [ Financial Times ]. Audit Regulators Vow a Tougher Regime [ CFO ].

Technology 74

Technology audit auditor accounting and finance 74

Going Concern

APRIL 7, 2023

Big Four Auditors and Consultants Need Liability—And a Divorce [ Bloomberg Tax ] Part of the problem is the revolving door of personnel between the major accounting firms and the banks they purport to audit. ’s accounts drew scrutiny from regulators, the firm’s plan to secure a U.K. I can imagine it.

auditor 100

auditor chartered accountant audit accounting and finance 100

Ryan Lazanis

APRIL 18, 2023

AI in accounting refers to the use of artificial intelligence (AI) technologies, such as machine learning algorithms and natural language processing, to automate and enhance various accounting processes. This includes tasks such as financial reporting, audit and compliance, fraud detection, and data analysis.

Account 96

Account accountant accounted Technology 96

CPA Practice

APRIL 11, 2023

The Financial Accounting Standards Board ( FASB ) will host a fireside chat on Tuesday, April 11, 2023, from approximately 1:00 – 1:30 p.m. and former SEC chief accountant. EDT, with Rich Jones, FASB Chair and Wes Bricker, PwC – Vice Chair US/Mexico Trust Solutions Co-Leader, current chair for XBRL International Inc.,

accounting standards 52

accounting standards auditor financial statements financial accounting 52

Withum

FEBRUARY 1, 2023

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.

accounting and finance 52

accounting and finance income tax Tax CPA 52

Going Concern

MARCH 8, 2024

In an interview with Bloomberg Law, Punt said he is optimistic about growing the accounting giant’s market share for the proactive services Deloitte calls “business transformation,” arguing general counsel need to deliver more value to their businesses through streamlined processes. When conducting the fiscal year 2021 audit of Tingo, Inc.,

audit 75

audit auditor New York Legal 75

Menzies

FEBRUARY 13, 2023

Menzies LLP - A leading chartered accountancy firm. Businesses increasingly shop around for their audit services, but a lack of preparation could be preventing them from getting value for money. This can lead to increasing compliance costs and a costly, lengthy and inefficient audit. What is IFRS 15?

audit 10

audit chartered accountant accounting standards Construction 10

Cherry Bekaert

AUGUST 31, 2023

Contributors: Jack McKee, Manager, Government & Public Sector With staffing challenges and exceedingly more complex Government Accounting Standards Board (GASB) requirements , many government and public sector organizations are finding it difficult to focus on their core mission and deliver results for constituents.

Government 98

Government Account accountant accounted 98

Going Concern

JANUARY 20, 2023

Practice Management How firms use stay interviews to boost retention [ Journal of Accountancy ] Job interviews have long been an essential part of the hiring process. But now, some public accounting firms are turning the lens on themselves.

auditor 92

auditor Technology audit financial statements 92

Cherry Bekaert

APRIL 3, 2023

Third-party firms working with businesses can align with, enhance and protect the business’ reputation. There are specific third-party financial risks that are evaluated in a leading practice TPRM analysis. It relies on having solid financial reports on a company and the third parties with which it does business.

financial statements 75

financial statements audit accounting and finance auditor 75

Going Concern

JULY 15, 2022

PwC partner accused of rating female staff leaves firm [ Australian Financial Review ] A PwC partner who allegedly held male-only events with colleagues where they rated the attractiveness of women in their office and visited strip clubs has left the firm. stock exchanges.

auditor 52

auditor audit accounting and finance Government 52

Going Concern

JULY 29, 2022

note: fans of accounting news — all two of you — are encouraged to sign up for our newsletter to get headlines delivered to your inbox twice a week on Tuesday and Friday. It puts pressure on what companies report in their financial statements, the rules for which are crafted by the Financial Accounting Standards Board.

audit 116

audit Account accountant accounted 116

Going Concern

FEBRUARY 17, 2023

” 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 95

Legal audit auditor South Carolina 95

Going Concern

NOVEMBER 3, 2023

How will AI affect accounting jobs? Thomson Reuters ] While 51% of accounting professionals believe that ChatGPT and generative AI should be applied to tax, accounting, and audit work, opinions are divided about the usefulness of AI tools. Aspects of Proposed Accounting Standards Update (ASU) No.

financial statements 101

financial statements Tax audit CPA 101

Going Concern

MARCH 3, 2023

Bitcoin Miner Marathon Digital to Restate Some Results on Accounting Issues [ CoinDesk ] Marathon Digital (MARA) said it will need to restate portions of its audited 2021 results and currently unaudited quarterly reports from 2022 after an inquiry from the U.S. The error accounted for $3.5 Marathon Digital Inc.

South Carolina 98

South Carolina Texas audit accounting and finance 98

Going Concern

DECEMBER 2, 2022

Writes Edward Mendlowitz, CPA/PFS, ABV: There are many reasons why CPAs decide to leave public accounting firms. Based on my experience, I believe some of these reasons are personal and individual, but far too many of these reasons are caused by CPA firms’ leadership and can be avoided or mitigated.

public accounting 92

public accounting audit Account accountant 92

Going Concern

DECEMBER 23, 2022

Hiring, travel for internal events, training and staff Christmas parties have been targeted as part of efforts to curb expenses at the audit and consulting firm ahead of the break-up known as “Project Everest”, people familiar with the matter told the Financial Times. Current rules don’t require this.

Tax 81

Tax auditor audit tax return 81