Going Concern

OCTOBER 18, 2024

Firm Watch Accountancy firm BDO fined €1.3 million for work with Russian-held football club Vitesse [ NL Times ] The fine is regarding the work that BDO did as an accountant for football club Vitesse, and a holding company of the former owner of the club, Russian businessman Valeri Oyf, sources told FD.

audit

Going Concern

NOVEMBER 4, 2024

HR Dive discusses the recent CPE situation at EY : A recent scandal involving online training at Ernst & Young has pulled back the curtain on the time and ethical pressures accountants and finance teams are under to balance the demands of client work with ongoing professional training requirements.

accounted

Accounting Today

JUNE 9, 2025

This not only saves valuable hours for auditors but also ensures a more thorough and accurate risk assessment, improving overall audit quality. Gary Boomer June 9 Audit Two-thirds of clients ready to change auditors Seventy percent of U.S.

Technology

Accounting Today

JUNE 9, 2025

Gary Boomer June 9 Audit Two-thirds of clients ready to change auditors Seventy percent of U.S. audit clients are ready to change firms within the next three years, according to an Inflo report.

Tax

Accounting Today

JUNE 6, 2025

CANADA CPA Canada and FP Canada, Toronto, signed a new memorandum of understanding to enhance collaboration between the accounting and financial planning professions, offering professional accountants who are part of CPA Canada opportunities to enhance their credentials, along with improved access to FP Canada courses and conferences.

New Jersey

Accounting Today

JULY 25, 2025

CONNECTICUT FASB, GASB and FAF logos on the wall at headquarters in Norwalk, Connecticut Courtesy of GASB The Financial Accounting Foundation board of trustees announced it is seeking nominations for new members to join the Financial Accounting Standards Advisory Council for an initial one-year term beginning Jan.

Rhode Island

Accounting Today

JUNE 6, 2025

Accounting firm-focused payments solutions provider CPACharge announced a new partnership with SafeSend , part of Thomson Reuters. This acquisition offers users up-to-date U.S. state aviation tax information, which will soon be embedded within the platform.

Technology

Accounting Today

JUNE 9, 2025

Heres what I mean: If you take the time to forecast the next 10 years of public accounting supply (i.e., credentialed CPAs in America) and demand (i.e., total addressable market), the well-documented conclusions are: 75% of todays CPAs will have retired in the next decade; and, Revenue per CPA is projected to 2.7x

accounted

Going Concern

OCTOBER 11, 2024

As it’s become increasingly popular for external CPAs and even CFOs to help run a company’s financial operations, the American Institute of CPAs is looking to clarify the standard for how financial statements prepared as part of an external client advisory services engagement are treated. However, since Tether is not based in the U.S.

audit

Going Concern

OCTOBER 14, 2024

Land an internship at a prestigious accounting firm. Fast forward to her sitting for the CPA exam 10 times and failing 9 while still in grad school… I had a glaring red flag in front of me that I was in the wrong profession, and yet, I clung to my career in accounting because it was a part of the plan.

accounted

Going Concern

NOVEMBER 22, 2024

Audit Large Accounting Firms Will Have to Submit Financial Statements to U.S. Regulator [ Wall Street Journal ] Large accounting firms will have to submit financial statements annually to the U.S. Regulator [ Wall Street Journal ] Large accounting firms will have to submit financial statements annually to the U.S.

auditor

Accounting Today

JUNE 9, 2025

EDT 4 Min Read Facebook Twitter LinkedIn Email Even as accountants worry about a host of pressing issues, there are strong reasons to be optimistic about the future of the profession, according to Mark Koziel the president and CEO of the American Institute of CPAs. And if its not, fix it."

accounted

Going Concern

JUNE 13, 2025

The response, sometimes heated, confirmed that this is an issue that employers and individual CPAs are wrestling with. Talent Accounting firms becoming more reliant on overseas talent, survey finds [ Accounting Times ] Barf at pinning this on the so-called accountant shortage. I appreciated hearing from everyone.

CPA

CPA Practice

NOVEMBER 25, 2024

Before entering the public sector, he was employed as an audit manager with the accounting firm of Deloitte & Touche. He joined the Governmental Accounting Standards Advisory Council (GASAC) in 2011 as a representative of the Government Finance Officers Association (GFOA) and served as chair from 2015-2021.

Wisconsin

Accounting Today

JULY 7, 2025

Technology Artificial intelligence Machine learning MORE FROM ACCOUNTING TODAY Audit PCAOB posts engagement acceptance reminders The Public Company Accounting Oversight Board gave reminders for auditors who audit smaller public companies in its latest staff publication, "Audit Focus: Engagement Acceptance."

Technology

Accounting Today

JULY 11, 2025

The breakdown in reconciliation When a manager declines an expense report, the associated card transaction remains unresolved in the accounting system. Accounting cant finalize the books and auditors are left without a clear trail. It shows up on the monthly statement but hasnt been coded, posted or documented.

Technology

Going Concern

MAY 2, 2025

Atkins as commissioner showed disdain for the PCAOB when meeting with officials from the audit regulator, said Martin Baumann, an adjunct accounting professor at Southern New Hampshire University and former PCAOB chief auditor. I dont expect this to be good for the PCAOB, he said, referring to Trumps Atkins pick.

audit

Going Concern

NOVEMBER 1, 2024

Audit Private Equity’s Ties to Companies’ Auditors Have Never Been Closer. accounting firms will have either sold an ownership stake or part of their business to private-equity investors, up from zero in 2020, said Allan Koltin, chief executive at advisory firm Koltin Consulting Group. That Worries Some Regulators.

audit

Accounting Today

JULY 3, 2025

By Michael Cohn July 3 Technology Tech news: Wolters Kluwer adds document summaries, tool directory to CCH AnswerConnect Plus, FileAI announces V2 platform launch; Foxit launches PDF and Document Workflow APIs; and other accounting tech updates.

Technology

Going Concern

JUNE 23, 2025

What’s funny is this paragraph they added to the article: AICPA leadership monitored the debate about the PCAOB’s future, showing general support for the role of the auditor in assuring public trust regardless of how supporting regulatory agencies are structured. The Auditing Standards Board sets audit standards for U.S.

accounted

Going Concern

JULY 18, 2025

Private Equity Private equity is coming for accounting firms. While they invest money and resources, PE firms look for profits in relatively short timeframes, often achieved through cost-cutting. While they invest money and resources, PE firms look for profits in relatively short timeframes, often achieved through cost-cutting.

audit

Accounting Today

JULY 15, 2025

Accounting firm Net engagements in Q1 2025 New engagements in Q1 CBIZ CPAs 21 22 Deloitte & Touche 12 19 KPMG 12 20 Enrome 7 7 Assentsure PAC 6 6 Boladale Lawal & Co. It came in second in new market cap, with big boosts from Stifel Financials $10.9 billion and $11.6

audit

Accounting Today

JULY 7, 2025

His generosity and his desire to help his fellow CPAs and accountants are prime examples of what make accounting great. Ed is, of course, far from the only example of accountants giving back. Read more: See a selection of Eds top columns. )

accounted

Accounting Today

JUNE 9, 2025

Gary Boomer June 9 Audit Two-thirds of clients ready to change auditors Seventy percent of U.S. audit clients are ready to change firms within the next three years, according to an Inflo report.

Tax

Going Concern

FEBRUARY 14, 2025

As noted by Bloomberg Law, the group composed of lawyer representing law firms, accounting firms, nonprofits, and private companies has stepped in to assist attorneys and law students find jobs. Accounting Firms Hire Growth Leaders as Dealmaking Shakes Up Industry [ Wall Street Journal ] Forty-nine of the 100 largest U.S.

Arizona

Going Concern

APRIL 25, 2025

He runs an accounting firm called Harmony Group, and many of his clients are restaurant owners, who are especially vulnerable to tariffs on imported goods. Hetrick said many of them are trying to cut back on accounting services. Why Japans Accounting Firms Are Stuck in the Past [ Medium ] Before coming to the U.S.

auditor

Accounting Today

JULY 3, 2025

Accounting Employment data Payroll DoL MORE FROM ACCOUNTING TODAY Audit AICPA proposes to toughen auditors' responsibilities for spotting fraud The American Institute of CPAs Auditing Standards Board is looking for feedback on a proposed standard updating auditors responsibilities related to fraud.

accounted

Going Concern

FEBRUARY 28, 2025

The Portland, OR-based private equity firm invested in BRG in 2017. M&A Baker Tilly to snap up Hayflich CPAs [ International Accounting Bulletin ] Advisory, tax, and assurance firm Baker Tilly has announced its intent for the acquisition of Hayflich CPAs, an accounting firm serving West Virginia, US.

West Virginia

Going Concern

MARCH 7, 2025

— Squawk Box (@SquawkCNBC) March 7, 2025 Audit Chair Williams To Host Chicago Forum for Auditors of Small Businesses and Auditors of Broker-Dealers [ PCAOB ] The Public Company Accounting Oversight Board (PCAOB) that PCAOB Chair Erica Y. million) announced the acquisition of Chicago-based firm Tassi and Company.

Government

Accounting Today

JULY 3, 2025

CALIFORNIA Nick Satterfield was promoted to partner at Wheeler Accountants, San Jose, where he started as an intern in 2014. FLORIDA Karen Lake Karen Lake began her tenure as the 98th chair of the Florida Institute of CPAs, Orlando, on July 1. opens new office in Chattanooga; and more news from across the profession.

Technology

Accounting Today

JULY 7, 2025

Vildana Hajric Bloomberg News Tax ETFs Tax avoidance Capital gains taxes MORE FROM ACCOUNTING TODAY Technology Firms on Windows 10 will get more time before support runs out The impending end of support for Windows 10 has been delayed, giving accounting firms a little more time to make upgrades before it is officially obsolete.

Tax

CPA Practice

APRIL 7, 2023

Despite high demand for CPAs, accounting firms struggle to hire accountants. In 2021, there was a 17 percent drop in employed accountants and auditors from a 2019 peak, according to a Bloomberg Tax analysis. By Cameron White. By Cameron White, SVP of Finance, AvidXchange.

accounting firms

CPA Practice

APRIL 3, 2023

Despite high demand for CPAs, accounting firms struggle to hire accountants. In 2021, there was a 17 percent drop in employed accountants and auditors from a 2019 peak, according to a Bloomberg Tax analysis. By Cameron White. By Cameron White, SVP of Finance, AvidXchange.

accounting firms

Going Concern

APRIL 19, 2024

consulting partners by more than 50% compared with last year as demand for advisory services continues to slow and the firm reorganizes its business lines. The Big Four accounting firm is considering adding about 85 U.S. CPAs Have a Branding Problem for the Younger Generation [ CPA Journal ] By Jason L.

accounting firms

CPA Practice

OCTOBER 10, 2023

Over the past two years, more than 300,000 accountants and auditors have left their positions, marking a 17% decline from the peak of the profession a few years ago. The Talent Pipeline Shortage In the past, public accounting experienced a natural cycle of employees moving up the ranks as older, established CPAs met retirement age.

Technology

Going Concern

SEPTEMBER 19, 2024

When I say “everyone” I mean crypto bros and accounting firms trying desperately to be cool with their PS2-era metaverse avatars, the rest of us forgot about it pretty much right off the bat. Or an accounting firm office. It’s technically a game, but it seems about as fun as hanging out in a doctor’s office.

accounting firms

CPA Practice

AUGUST 28, 2024

As in 2023, AI systems were again dominant among the winners of the 2024 Tax & Accounting Technology Innovation Awards, presented annually by CPA Practice Advisor, a technology and practice management resource for public accounting firms. “

Technology