article thumbnail

Friday Footnotes: Ex-CPA Leaves Clients in the Lurch Before Tax Day; EY Layoffs; More ERC Concerns | 4.12.24

Going Concern

Check out this week’s top remote accountants to browse the goods and sign up for Always-On Recruiting to gain full, free access to a pool of highly skilled and experienced remote accountants ready to join your team at no up-front cost. the auditor of Tesla Korea, about the company’s financial statements for last year.

CPA 104
article thumbnail

Friday Footnotes: Deloitte’s Naughty Workpapers; Audit Reform Critics; Clients Getting Dropped Like Mics | 3.4.22

Going Concern

in Tax Season ‘Chaos’ [ New York Times ] At the Internal Revenue Service’s sprawling Kansas City, Mo., who started working at the facility in Kansas City last June and is transitioning to become a tax examiner. Bureau of Labor Statistics reported Friday, although the number of accounting and bookkeeping jobs declined by 800.

audit 91
Insiders

Sign Up for our Newsletter

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

article thumbnail

When a Bank Fails, People ‘Lose Faith’ in the Auditors

Going Concern

“We found that depositors — people who have money at banks — lose faith in an auditor when that auditor is associated with another bank that fails,” said Matthew Beck, assistant professor of business at the University of Kansas. It’s published in The Accounting Review. The Role of Audit Firms in Spreading Depositor Contagion [ SSRN ].

auditor 52
article thumbnail

What’s Hot on Checkpoint for Federal & State Tax Professionals?

ThomsonReuters

In this edition, we take a look at the recently enacted corporate alternative (book) minimum tax; new elections to convert credits to cash or tax payments; changes to the electric vehicle credit; recent legislation in Kansas, Kentucky, and Missouri; and state taxation of forgiven student loans. State Taxation of Forgiven Student Loans.

Kansas 64