Remove accounting standards Remove audit Remove Entertainment Remove financial statements
article thumbnail

Friday Footnotes: Disengaged Team? Do This; Deloitte’s Huge India Expansion; Auditors Yelled At…Again | 3.24.23

Going Concern

Music City is the country’s fastest growing entertainment hotspot and an office in Nashville gives Armanino’s team and its clients the trifecta of office locations to serve the entertainment industry. Stanton was licensed as a certified public accountant in New York in 1988 and had previously run his own firm.

auditor 104
article thumbnail

Preventing misapplication of GAAP standards

ThomsonReuters

To help ensure that financial reporting is transparent and investors have the most accurate and timely information they need to make informed investment decisions, public companies must disclose certain financial, and other information, to investors. What are the differences between GAAP and IFRS? What happens if you violate GAAP?

Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

Top accounting issues in 2023

ThomsonReuters

Deliver accounting and compliance news alerts so practitioners are regularly provided critical accounting, audit, and corporate finance developments, along with expert analysis. The lease accounting standard became effective in 2019 for public companies.

Account 52
article thumbnail

National Society Of Accountants For Co-ops Upcoming Webinars

Nancy McClelland, LLC

Some of the topics that will be covered include: Meals and Entertainment, 163(j) Interest Expense Limitation, Net Operating Losses, R&D Tax Credit Update, and State Taxes Post Wayfair. This will include the audit perspective of this process, along with industry trends and common mistakes to avoid. Click here for more info.

article thumbnail

AICPA Dealership Conference – Updates and Takeaways

Withum

However, prepackaged food is still limited to 50% and entertainment is still non-deductible. It is important to note that this method does increase the risk of hobby loss disallowance on audit. Food and beverages provided by restaurants that are for immediate consumption are 100% deductible. This applies to tax years 2021 and 2022.

article thumbnail

Online Accountants Forums: The 14 Best

Ryan Lazanis

3) Improve Skills Accounting forums act as knowledge exchange hubs, where members are welcome to ask others how to become more effective in tackling various processes. Realize’s community is somewhat equally divided between individuals managing accounting practices and those overseeing tax practices.