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Cost Accounting Standard Considerations for a Growing GovCon

Cherry Bekaert

Contact Us The post Cost Accounting Standard Considerations for a Growing GovCon appeared first on Cherry Bekaert.

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How to keep up to date with accounting standards

ThomsonReuters

When you can flag changes in accounting, auditing, and tax that clients didn’t know about, and help them manage commercial impacts with innovative solutions, then you’re well on your way to gaining their trust. But how do you stay current on accounting and auditing standards when there are new developments happening all the time?

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Grant Thornton Appoints New Leaders to Audit Quality & Risk Leadership Team

CPA Practice

Grant Thornton LLP, one of America’s largest audit, tax and advisory firms, has appointed two new leaders to the firm’s Audit Quality & Risk practice. Decker assumes her new role from Mary Ropes, an Audit partner at Grant Thornton, who retires after more than 35 years of service at the firm. Thank you for your leadership.”

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Here’s How Much Audit Fees Have Increased in the Last Twenty Years Making Us Wonder Why Salaries Didn’t Do the Same

Going Concern

Audit Analytics has released “ A Twenty-Year Review of Audit Fees ,” an in-depth look at audit fee trends from 2002 to 2022 and there are some fun charts inside. Mainly we care about this one: In FY2003, average audit fees were $681,000; in FY2022, this number was $2,243,000. God bless Audit Analytics.

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Navigating Audited Financial Statements for E-Commerce Startups: A Comprehensive Guide

Withum

As these companies gain traction and seek external investments, audited financial statements play a crucial role in instilling trust among stakeholders, investors, and potential partners. 10 Key Steps Here are the key steps startup e-commerce companies can take to prepare for their audited financial statements.

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As KPMG UK Gets Hit With a Record Fine, the Boss Admits the Auditing Was “Very Bad”

Going Concern

KPMG Audit Plc was also hit with a fine — £3.5 million — as were the two audit partners in charge of the Carillion work for years 2013-2018. KPMG failed to conduct its audit work with an adequate degree of professional scepticism. million fine, reduced by 30% to £18.5 But that’s not all!

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SEC Sues Marcum Assurance Partner Over Numerous Audit Violations

CPA Practice

18 initiated administrative and cease-and-desist proceedings against a longtime assurance partner at top 15 accounting firm Marcum who is accused of improper professional conduct by repeatedly not following U.S. auditing standards over a 10-year period. These failures violated PCAOB auditing standards, the SEC said.

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