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Preparing for Your First Audit – Steps to Follow for Consumer Products Companies

Withum

Although an independent financial statement audit may not gain the day-to-day attention of management the same way as growing revenue or projecting cash flows; for many, there will come a time when an audit becomes a vital part of the company’s lifecycle. When will audit fieldwork commence ?

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What You Should Expect from Your CPA During an Audit |For Privately Held Companies

LSLCPAs

You’ve just been told you need an audit by your banker to satisfy covenants, or your Board of Directors is requiring that an audit be performed. Most CPA firms perform audits in accordance with Generally Accepted Accounting Principles (GAAP).

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Friday Footnotes: Accounting AI Explodes; SOX Compliance Sux; KPMG Gets on a List | 6.17.22

Going Concern

While accounting technology is moving fast, some firms are still moving slow: #TaxTwitter I just got a customer service request from a CPA firm via SNAIL MAIL. Do mid-sized firms not know how to use email? Now, that candidate may test in each of those locations. Sandi Leyva (@SandiLeyva) June 17, 2022.

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Friday Footnotes: An Outsourcing Shortage Now Too?; Finally, Some Disruption; PwC Haters Celebrate Government Inquiry | 3.17.23

Going Concern

The journey to zero-day close will drive further adoption of accounting automation 3. Clearly, the inquiry is directly related to recent Tax Practitioner Board reports [about PwC],” one senior consulting insider at a rival firm said. The firm was fined about 212 million yuan ($30.8