Going Concern

SEPTEMBER 15, 2023

A number of accounting firms,1 public companies, professional membership associations and other key stakeholders raised concerns. In addition, in a rare occurrence, PCAOB board members Christina Ho and Duane DesParte — the only two certified public accountants on the board — issued public dissents when the PCAOB issued the proposal.

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Going Concern

NOVEMBER 18, 2022

Accounting and tax compliance in crypto is much more complicated for institutions, such as funds, exchanges and prime brokerages, due to the volume of transactions that require record-keeping. Dallas Attorney and Members of Accounting Firm Charged with Promoting Illegal Tax Shelter [ Department of Justice ]. Law & Order.

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CPA Practice

APRIL 11, 2023

He most recently held a technical accounting role at a Fortune 500 financial services company where he helped lead complex implementations of accounting standard updates issued by the Financial Accounting Standards Board.

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Going Concern

OCTOBER 1, 2022

Partners at Deloitte in the UK and Switzerland will receive an average income of more than £1m each for the second year in a row, after the accountancy firm enjoyed another successful year. Firm Watch. What is important to remember is that all public accounting firms are not the same.

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Going Concern

MAY 19, 2023

Special Report: KPMG Canada beats Big Four accounting rivals in net new client gains [ Canadian Accountant ] For the second year in a row, KPMG Canada has surpassed its Big Four rivals in net new audit client gains, helping to offset the loss of a controversial company as an audit client. Shapiro and Laura B.

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Going Concern

AUGUST 11, 2023

Firm Watch SingerLewak Grows in Pacific Northwest With Acquisition [ INSIDE Public Accounting ] Los Angeles-based IPA 100 firm SingerLewak (FY22 net revenue of $89.6 million) is merging in Hearthstone CPA Group of Bremerton, Wash. Koltin, CEO of Koltin Consulting Group and an advisor on the acquisition. 15 from Aug.

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Going Concern

MARCH 4, 2022

SEC Chief Accountant Lauds FASB for Engaging Investors, Stakeholders on Potential New Standards [ JD Supra ] Paul Munter, acting chief accountant for the SEC’s Office of the Chief Accountant, on Feb. Bureau of Labor Statistics reported Friday, although the number of accounting and bookkeeping jobs declined by 800.

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CPA Practice

MAY 18, 2023

The American Institute of CPAs has announced the 50 winners of the 2022 Elijah Watt Sells Award. This award is granted to CPA candidates who obtain a cumulative average score above 95.50 across all four sections of the Uniform CPA Examination, pass all four sections on their first attempt and have completed testing in 2022.

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Going Concern

APRIL 7, 2023

[ Wall Street Journal ] A tap story from WSJ says accountants and writers are among the jobs that could be most affected by AI tools (*gulp*) Big 4 March people moves: KPMG, Deloitte, PwC make senior hires [ AccountancyAge ] Musical chairs across the pond. I can imagine it.

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Going Concern

MARCH 25, 2022

“I would have thought that accountants would be seen as boring, but effective and the perfect person to do a good job on your tax return,” Wijnand Van Tilburg, a study co-author and senior lecturer in the university’s psychology department, said in a statement last week. The SEC Wants to Stop Activism [ Bloomberg Opinion ] Recently the U.S.

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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. Regardless of a candidate’s chosen discipline, this model leads to full CPA licensure, according to the AICPA.

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CPA Practice

SEPTEMBER 6, 2023

Several AI systems were among this year’s winners of the Tax & Accounting Technology Innovation Awards, presented annually by CPA Practice Advisor, a technology and practice management resource for public accounting firms. Clients benefit from proactive service, accurate financial insights, and timely tax planning.

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CPA Practice

JUNE 1, 2023

AICPA News is a round-up of recent announcements from the American Institute of CPAs. AICPA Recognizes Top 2022 CPA Exam Performers with Elijah Watt Sells Award The American Institute of CPAs (AICPA®) recently announced the 50 winners of the 2022 Elijah Watt Sells Award. Michael Paul Donnelly, Jr.

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Going Concern

MARCH 8, 2024

Top Remote Accounting Candidates: February 29, 2024 Opinion The specter of ‘Uberification’ looms over audit [ Accounting Today Voices ] Blake Oliver writes for AT’s opinion column: As technologies reshape industries, we wonder if disruptive startups could come between CPAs and our clients one day.

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Anders CPA

DECEMBER 1, 2023

Intro (00:00:00) – Welcome to the Modern CPA Success Show, the podcast dedicated to helping accounting firms stay ahead of the curve. And so, I started my career in internal audit and then moved into a financial accounting manager role and then eventually worked in corporate finance.

Start-ups 52

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Going Concern

JUNE 21, 2024

National accounting firm names new Baltimore office head [ Baltimore Business Journal ] Baltimore native Mary Kate Federico will lead Ernst & Young LLP’s Baltimore office starting July 1. Federico will manage EY’s 250-person office, which ranks among the largest accounting firms in Greater Baltimore. million in 2015.

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Going Concern

AUGUST 19, 2022

We’re adding accounting firm mergers & acquisitions to the weekly news as they’re happening with such frequency and regular Footnotes readers will notice the news is now sorted by topic. Firm M&A: Eisner adds Minn.-based accounting firms, has merged with Healdsburg’s Mengali Accountancy Inc.,

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Going Concern

AUGUST 5, 2022

If the world had no accountants [ The Indicator from Planet Money ] As the unsung heroes of the financial world, CPAs (Certified Public Accountants) are responsible for a wide range of important tasks, from balancing the books to investigating fraud. Meet the accountants who may become the new power brokers of taxes. [

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Going Concern

AUGUST 25, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. The accounting industry is in a state of transition. The influx of private equity, labor shortages, and remote/hybrid work have all impacted accounting firms to varying degrees.

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Going Concern

JANUARY 13, 2023

Munter will continue to lead the Office of the Chief Accountant (OCA) and serve as the principal advisor to the Commission on accounting and auditing matters. “With Accounting+, our goal is to reach the next generation of accounting professionals and ensure that students can see themselves within this exciting, high-demand field.”

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Going Concern

DECEMBER 2, 2022

Why People Leave Public Accounting [ CPA Journal ]. Writes Edward Mendlowitz, CPA/PFS, ABV: There are many reasons why CPAs decide to leave public accounting firms. Crypto Exchange Binance Appoints Accounting Firm Mazars to Verify Reserves [ Wall Street Journal ].

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Going Concern

APRIL 5, 2024

Private Equity Why private-equity investors see a target-rich environment in Chicago’s accounting biz [ Crain’s Chicago Business ] Isn’t “target-rich environment” what Overwatch’s Soldier 76 says when he pops his ult and proceeds to melt the entire enemy team? Foreshadowing maybe.

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Going Concern

DECEMBER 23, 2022

Trump’s lawyers called this accounting firm “negligent,” but the IRS believed it ensured his taxes were accurate [ CBS News ]. “The staff failed to understand why the IRS believed that use of counsel and an accounting firm ensures accuracy,” the Ways and Means Committee wrote in its report. .”

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