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Friday Footnotes: Accountant Shortage Ramps Up Work Pressure; Celebrities’ Trusted CPAs; ERC Reverse Card | 12.8.23

Going Concern

DECEMBER 8, 2023

The CAQ surveyed 748 audit partners at eight of the largest accounting firms about conditions for their clients. The standard for the auditor confirmation process was adopted by the Public Accounting Oversight Board in September, replacing an interim rule enacted more than 20 years ago. The SEC approved the standard on Dec.

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Overview of U.S. taxes on foreign income for individuals

ThomsonReuters

OCTOBER 12, 2023

To support this effort, forward-thinking accounting firms are increasingly using tax preparation software and scan-and-populate solutions to tackle the challenges of foreign income reporting. Consider implementing scan-and-populate solutions that automate the tax preparation process and streamline documentation. Plan ahead.

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Accountant Advocate

Friday Footnotes: Accountant Shortage Ramps Up Work Pressure; Celebrities’ Trusted CPAs; ERC Reverse Card | 12.8.23

Overview of U.S. taxes on foreign income for individuals

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