Going Concern

DECEMBER 2, 2022

Why People Leave Public Accounting [ CPA Journal ]. Writes Edward Mendlowitz, CPA/PFS, ABV: There are many reasons why CPAs decide to leave public accounting firms. The following is a discussion of what I have found to be the most common reasons why people leave public accounting.

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Going Concern

MARCH 8, 2024

In an interview with Bloomberg Law, Punt said he is optimistic about growing the accounting giant’s market share for the proactive services Deloitte calls “business transformation,” arguing general counsel need to deliver more value to their businesses through streamlined processes. When conducting the fiscal year 2021 audit of Tingo, Inc.,

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Going Concern

MARCH 22, 2024

Day Named Technical Director of the Financial Accounting Standards Board [ FASB ] The Financial Accounting Standards Board (FASB) on March 20 announced the appointment of Jackson M. Mr. Day has spent most of his 38-year accounting career at EY, which he initially joined in 1986 on the audit staff in St.

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Going Concern

APRIL 15, 2024

The audit opinions they issue typically have meaning and value because the firms operate with public trust. In the public company audit arena, this transparency is maintained through PCAOB inspections of auditors. They’re private entities specifically designed to serve the public interest. The new rule would be welcome news.

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Anders CPA

JULY 21, 2022

The Financial Accounting Standards Board (FASB) issued new reporting guidelines to help increase transparency around the measurement of contributed nonfinancial assets recognized by not-for-profits, including how much was used to support programs and activities. View the recorded webinar by completing the form below.

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Going Concern

JANUARY 13, 2023

Audit Committee Composition Changing Amid Expanded Scope and Emerging Risks, According to New Report from Deloitte and the Center for Audit Quality (CAQ) [ PR Newswire ]. provides insight into shifting oversight priorities and practices related to audit committee composition.

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Going Concern

MARCH 4, 2022

Deloitte considers Russia pull out as pressure grows on western firms to exit [ Financial News ] Deloitte is considering pulling out of Russia, becoming the first Big Four audit firm to do so as pressure grows on Western companies to cut ties with the country following its invasion of Ukraine.

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CPA Practice

APRIL 11, 2023

Brian Yujuico has been named vice president and senior chief auditor at AuditClub, the Audit Service Center and creator of the innovative auditors-as-a-service model. In this newly created role, Yujuico, a Certified Public Accountant, will oversee day-to-day activities of the growing team of chief auditors, crew and cadets.

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CPA Practice

MARCH 1, 2024

By Amrita Choudhary, Kiplinger Consumer News Service (TNS) In recent years, lease accounting standard ASC 842 has replaced the ASC 840 standard. All companies—whether big or small, public or private—have to implement this new accounting standard. Despite AI’s capabilities, human verification remains crucial.

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Going Concern

MAY 27, 2022

After many years of work by accounting leaders to improve the diversity, equity, and inclusion (DEI) in the profession, diverse representation at the partner level is growing. listed Chinese company audits. Elizabeth Dugan, CPA, PSA (@LizDuganCPA) May 20, 2022. China and U.S. Who are these people they surveyed?

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Anders CPA

JUNE 28, 2022

In-Kind Donation Reporting: How New Changes will Affect Your Audits. The Financial Accounting Standards Board (FASB) issued new reporting guidelines to help increase transparency around the measurement of contributed nonfinancial assets recognized by not-for-profits, including how much was used to support programs and activities.

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Going Concern

OCTOBER 7, 2022

Accounting’s Big Lie — and How to Fix It [ Project on Government Oversight ] A colossal conflict of interest compromises the auditing of public companies and the financial security of everyone who depends on them. FRC probing Mazars audit of Studio Retail Group [ Compliance Week ] The U.K. Firm Watch. ?FRC

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CPA Practice

JANUARY 11, 2023

As chief accountant, Munter will continue to lead the Office of the Chief Accountant and serve as the principal advisor to the SEC on accounting and auditing matters. I look forward to continuing to support work that improves the quality of financial reporting and auditing domestically and internationally.

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Going Concern

NOVEMBER 18, 2022

More than 150 retired EY partners have written to the accounting firm’s leadership objecting to the radical plan to split its consulting and audit businesses. KPMG blocked from Abu Dhabi audits as it elects new regional boss [ Financial Times ]. Defense Department fails another audit, but makes progress [ The Hill ].

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CPA Practice

MARCH 21, 2024

The Financial Accounting Standards Board (FASB) on March 20 appointed a longtime veteran of Big Four firm EY to the role of director of technical activities. Day has spent most of his 38-year accounting career at EY, which he initially joined in 1986 on the audit staff in St. chief accountant.

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Going Concern

MARCH 24, 2023

Reminder: you have until April 17 to weigh in on a proposal to extend the CPA exam window Practice Is it time for firms to transform their business model? Journal of Accountancy ] Pandemic pressures have worn the workforce thin, and the economy is in the thick of rapid, radical change. Julie Boland, EY’s U.S.

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Going Concern

AUGUST 25, 2023

News US Accounting Board Looks Across the Ocean to Fill Hole in Rules [ Bloomberg Tax ] The flood of government aid that helped keep companies afloat during the coronavirus pandemic exposed a hole in US accounting rules: Businesses have no way to record the grants, loans, and tax breaks that bolstered their bottom lines.

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Anders CPA

AUGUST 17, 2022

While some of the hype around cryptocurrency has cooled off, we believe it’s here to stay and have dedicated resources to understanding the tax, audit and financial accounting effects of digital currencies. Register for the webinar below : This webinar is eligible for 1 hour of CPE.

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ThomsonReuters

JANUARY 18, 2024

Jump to: What are the roles and responsibilities for accountants? Accountant vs. CPA vs. tax preparer: What are the differences? GAAP and AICPA What issues should accountants be aware of in the profession? How can accountants be more efficient? Accountant responsibilities extend far beyond number crunching.

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CPA Practice

FEBRUARY 27, 2024

By Amrita Choudhary, Kiplinger Consumer News Service (TNS) In recent years, lease accounting standard ASC 842 has replaced the ASC 840 standard. All companies—whether big or small, public or private—have to implement this new accounting standard. Despite AI’s capabilities, human verification remains crucial.

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Going Concern

NOVEMBER 28, 2022

Several US audit firms told the Financial Times that they had elevated some or all of their crypto-related clients to the status of “high risk”, triggering a more thorough audit that will take longer and lead to higher bills; some clients could ultimately be dropped altogether. Ashley the CPA (@seattle_tax) November 27, 2022.

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Going Concern

APRIL 7, 2023

Big Four Auditors and Consultants Need Liability—And a Divorce [ Bloomberg Tax ] Part of the problem is the revolving door of personnel between the major accounting firms and the banks they purport to audit. ’s accounts drew scrutiny from regulators, the firm’s plan to secure a U.K. Flexibility is your policy.

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Going Concern

OCTOBER 1, 2022

Unlike anybody else, we’re actually building tools and applications in this space, so we built, for example, our own blockchain audit platform, where we can do on-chain and off-chain transaction reconciliation,” said Paul Brody,blockchain lead at EY. PCAOB seeks comments on interim attestation standards [ Journal of Accountancy ].

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CPA Practice

OCTOBER 20, 2023

Working closely with the Private Enterprise – Tax leader,Brad Sprong, Francois will be focused on accelerating the strategic growth priority for the firm to provide audit, tax and advisory services to venture capital and private equity-backed enterprises at each stage of their business life cycle. Francois’ previous roles as CFO at Shield.AI

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CPA Practice

OCTOBER 19, 2023

Working closely with the Private Enterprise – Tax leader,Brad Sprong, Francois will be focused on accelerating the strategic growth priority for the firm to provide audit, tax and advisory services to venture capital and private equity-backed enterprises at each stage of their business life cycle. Francois’ previous roles as CFO at Shield.AI

Washington 52

Washington cpas accounting and finance audit 52

Going Concern

MARCH 3, 2023

Bitcoin Miner Marathon Digital to Restate Some Results on Accounting Issues [ CoinDesk ] Marathon Digital (MARA) said it will need to restate portions of its audited 2021 results and currently unaudited quarterly reports from 2022 after an inquiry from the U.S. The error accounted for $3.5 Marathon Digital Inc.

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CPA Practice

JUNE 1, 2023

(NABA) National Association of Enrolled Agents (NAEA) National Association of Tax Professionals (NATP) National Conference of CPA Practitioners (NCCPAP) National Society of Accountants (NSA) National Society of Black Certified Public Accountants, Inc. Michael Paul Donnelly, Jr.

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Going Concern

JUNE 17, 2022

Hot (pun intended) on Reddit today: NASBA, AICPA, Prometric Expand International CPA Examination Testing Locations [ NASBA ] NASBA, AICPA, and Prometric announce qualified Uniform CPA Examination candidates applying to participating jurisdictions will have the option of testing at any international location where the CPA Exam is currently offered.

Account 52

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Anders CPA

JULY 6, 2022

One of those being the accounting involved in combining businesses. To help simplify purchase accounting for business combinations involving private companies, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-18 back in December 2014. CONTACT ANDERS.

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Going Concern

MARCH 25, 2022

I’m just going to leave this here: Finding ‘untapped’ talent pools of CPAs [ Journal of Accountancy ] Gee I have no idea why it’s getting so hard to find CPAs hmmm…OH maybe because this is the kind of advice being handed out: “Put aside preconceived notions about what experienced CPA job seekers are looking for in their jobs.

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CPA Practice

APRIL 11, 2023

The Financial Accounting Standards Board ( FASB ) will host a fireside chat on Tuesday, April 11, 2023, from approximately 1:00 – 1:30 p.m. and former SEC chief accountant. EDT, with Rich Jones, FASB Chair and Wes Bricker, PwC – Vice Chair US/Mexico Trust Solutions Co-Leader, current chair for XBRL International Inc.,

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Going Concern

AUGUST 11, 2023

Firm Watch SingerLewak Grows in Pacific Northwest With Acquisition [ INSIDE Public Accounting ] Los Angeles-based IPA 100 firm SingerLewak (FY22 net revenue of $89.6 million) is merging in Hearthstone CPA Group of Bremerton, Wash. Auditors today disclose critical audit matters.

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PYMNTS

FEBRUARY 14, 2019

Along with regulatory action from tax reform and tougher Know Your Customer (KYC) rules adding the pressure of complex red tape, public companies need to add one more compliance concern to their list: changes to accounting standards by the Financial Accounting Standards Board (FASB). “In many ways, they are.”

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ThomsonReuters

APRIL 18, 2023

They paint a picture of the company’s financial position and business performance and help management, investors, and other stakeholders make more informed economic decisions. Unfortunately, despite how carefully statements may be prepared, financial reporting errors can happen. When there are errors in financial reporting, U.S.

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