CPA Practice

JULY 1, 2025

in Ohio The top 30 accounting firm has its first location in Ohio after merging in Cincinnati-based CPA firm Flynn & Co. Jason Bramwell Top 30 accounting firm UHY has its first location in Ohio after merging in Cincinnati-based CPA firm Flynn & Co. Financial terms of the deal weren’t disclosed.

Ohio

Withum

JANUARY 29, 2025

Introductory Course in Financial Accounting at Baruch College This Friday, I will start a new semester teaching the introductory course in financial accounting at Baruch College, my alma mater. About 60% of the students are split between accounting and finance majors.

financial statements

Accounting Today

JULY 30, 2025

Accounting Payroll ADP Employment data MORE FROM ACCOUNTING TODAY Tax Corporate AMT proposed regs revised The IRSs Notice 2025-28 will affect applicable corporations with financial statement income attributable to investments in partnerships.

Technology

CPA Practice

NOVEMBER 25, 2024

The Board of Trustees of the Financial Accounting Foundation (FAF) has announced the appointment of Robert W. Scott to a five-year term on the Governmental Accounting Standards Board (GASB). Before entering the public sector, he was employed as an audit manager with the accounting firm of Deloitte & Touche.

Wisconsin

Going Concern

APRIL 4, 2025

Firm Watch Frazier & Deeter Announces Strategic Growth Investment from General Atlantic [ General Atlantic ] A literal who’s who of accounting firm private equity deals. Orlando pet supply store, accounting firm file for Ch. As in “literally who?”

Tax

CPA Practice

OCTOBER 22, 2024

Top 75 accounting firm PBMares is expanding its presence in the Washington, D.C. metro area by merging in BSB CPAs + Advisors, a top 400 tax and accounting firm based in Fairfax, VA, effective Jan. Financial terms of the deal weren’t disclosed.

Virginia

Going Concern

FEBRUARY 13, 2025

Sign up now to view the complete candidate list and connect with potential hires.

Account

Accounting Today

JULY 30, 2025

Accounting Payroll Paychex Small business Employment data MORE FROM ACCOUNTING TODAY Tax Corporate AMT proposed regs revised The IRSs Notice 2025-28 will affect applicable corporations with financial statement income attributable to investments in partnerships.

Technology

Going Concern

OCTOBER 2, 2024

It seems like every other day we’re seeing a new story about an accounting firm that’s suffered a data breach. The “what happened” section of the data breach notification doesn’t give many details, only that the firm noticed “unusual network activity” on or around July 11 of last year.

Louisiana

MarkFriedlich

MARCH 30, 2020

The CARES Act (the “Act”) provides temporary relief from FASB Accounting Standards Update (ASU) No. 2016-13, Financial Instruments —Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. The post The CARES Act Provides Temporary Relief from CECL Standard appeared first on Tax & Accounting Blog.

accounting standards

Going Concern

AUGUST 14, 2024

Yet another accounting firm has reported a data breach, this time Heier Weisbrot & Bernstein of Gibbsboro, New Jersey and the details are a bit scarier than just bad actors caught digging around in the firm’s files. See our previous coverage of accounting firm data breaches , including biggies at EY and PwC, here.

tax return

Going Concern

APRIL 15, 2022

Accounting watchdog investigates Deloitte over Go-Ahead audits [ The Guardian ] One of the UK’s biggest accounting firms, Deloitte, is under investigation by regulators for its audits of Go-Ahead, after the bus and rail operator was embroiled in a scandal for wrongly withholding £50m of taxpayers’ money.

accounting firms

ThomsonReuters

JULY 6, 2023

If you’re a leader within an accounting firm, you’ve likely heard of advisory services and their lucrative impact. This trend is picking up pace as traditional accounting firms seek more strategic and meaningful work that goes beyond just tax returns. Start your journey to accounting advisory services today.

Account

Going Concern

OCTOBER 7, 2022

The focus groups are part of a “whipping operation” aimed at establishing support for the break-up within the partnership, identifying partners who may vote against the proposals so that they can be persuaded to change their minds, according to one person familiar with the firm’s strategy. Firm Watch. ?FRC stood at 3.18 trillion won.

Illinois

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.

Technology

Going Concern

MAY 12, 2023

As a firm we have had to be proactive in our response to attracting candidates, addressing workforce planning and aligning our recruitment strategy to reflect this.” Colorado Springs accounting firm to open Denver office [ Denver Business Journal ] Stockman Kast Ryan and Co., 1, 2024, the Financial Accounting Foundation said.

CPA

Going Concern

DECEMBER 22, 2023

Barring any huge incident like an accounting firm getting raided by the FBI on Christmas Day, there will not be any breaking news. million) in damages from accounting firm EY for its role in auditing the books of Wirecard before its collapse in 2020, a shareholder group said. Don’t hesitate to reach out.

auditor

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.

Non-Profits

Going Concern

JANUARY 2, 2023

While the PCAOB has been on a mission to scare the pants off of auditors everywhere in the past year with record fines and scary speeches, the Financial Accounting Standards Board took a much more chill approach to 2022. 8—Conceptual Framework for Financial Reporting—Chapter 2: The Reporting Entity.

accounting standards

Going Concern

AUGUST 5, 2022

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. China authorities have long been reluctant to let overseas regulators inspect local accounting firms, citing national security concerns.

Account

Going Concern

SEPTEMBER 1, 2023

Check out this week’s top remote accounting candidates. The “big four” accounting firm reported revenue of A$3.4 Patrick, now a resident of Cody, Wyoming, co-owned a media brokerage firm with her husband and hired an accounting firm to prepare business and personal tax returns for 2012 through 2014.

Account

Going Concern

APRIL 21, 2023

. “silent layoffs”) are on the menu B4 Layoffs – USA by u/additional_cats in Big4 KPMG is diversifying its partner rank through sponsorships and succession planning [ Fortune ] Partners are among the most senior-level roles at accounting firms and some of the highest paid. KPMG faces $1.4-billion

Account

CPA Practice

JULY 23, 2024

Investors, accounting firms, and other stakeholders have until Oct. 21 to provide comments on a new proposed Accounting Standards Update (ASU) issued by the Financial Accounting Standards Board (FASB) on Tuesday that aims to clarify rules on derivative accounting.

Account

Going Concern

JULY 29, 2022

is in the midst of a long-awaited overhaul of the audit and accounting industry, which will bring with it a new regulator to replace the FRC called the Audit, Reporting and Governance Authority. The draft legislation uses a version of company income, as measured under US financial accounting rules, to determine what businesses owe in taxes.

audit

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.

Technology

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

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

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.

audit

Going Concern

JUNE 30, 2023

The Market Accounting firms question the partnership model [ Financial Times ] Several US accounting firms have taken investments from private equity groups to pay for acquisitions. We are also seeing wealth management firms buying up accounting firms using cash in hand.

audit

CPA Practice

JANUARY 17, 2023

A professional specialization called Certified Management Accountant (CMA) focuses on accounting and financial management for businesses and organisations. A person who has this certification is proven to be an authority in both financial accounting and strategic company management. Looking Ahead.

cma

CPA Practice

SEPTEMBER 7, 2023

The Financial Accounting Standards Board (FASB) unanimously approved new rules on Sept. 6 that will now require certain cryptocurrency assets, such as Bitcoin and Ethereum, to be measured at fair value.

accounting standards

PYMNTS

JANUARY 2, 2020

The largest accounting firms – EY, Deloitte, KPMG and PwC – are investing billions of dollars in artificial intelligence (AI) and data technology products to change the industry in new ways, according to a report by Bloomberg Tax.

Technology

Ryan Lazanis

JULY 13, 2022

In today’s post, I’m going to show you the very best accounting security tips (23 of them to be precise!) to keep your accounting firm safe and secure. Importance of why you must have accounting security for the safety of your business. Key Takeaways. Types of Cybersecurity Threats.

Account

CPA Practice

MARCH 7, 2023

These include: A new way of assessing research and related critical thinking skills will be introduced A new JavaScript-based spreadsheet will replace the Excel spreadsheet The written communication task (essay question) will be eliminated Multistage adaptive testing in the multiple-choice question testlets will be eliminated New discipline sections (..)

Technology

PYMNTS

DECEMBER 4, 2020

EY’s Wirecard fiasco triggered a 90 percent freefall in its share price in June, while critics have come down on the accounting firm for not noticing billions were missing. EY has been approving Wirecard’s financial accounts for over 10 years. billion supposedly in a Philippines bank might have never existed.

audit

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.

audit

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