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Valuing IP can bring tangible business returns

Menzies

Menzies LLP - A leading chartered accountancy firm. The market approach sees an estimate drawn up based on comparative sales data. For instance, when a company is involved in a sale or merger, it would typically get a valuation of any intangible assets acquired in order to comply with accounting standards.

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Friday Footnotes: How to Add ChatGPT to Excel; RSM Wins Awards; Auditor Independence Pitfalls | 4.7.23

Going Concern

Client warns consultants about using ChatGPT-like bots for proposals [ Australian Financial Review ] Consulting firms risk misrepresenting what their firms can and cannot do when using artificial intelligence chatbots to develop sales proposals, a procurement specialist has warned. Castillo faces up to 20 years in prison and a $250,000 fine.

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IFRS vs UK GAAP

Menzies

Menzies LLP - A leading chartered accountancy firm. Which accounting standard should you use? When preparing a set of financial statements in the UK there is a choice of accounting standard to apply in order to comply with UK Companies Act 2006. Deferred tax – temporary not timing.

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Professionals on the Move – June 19, 2023

CPA Practice

With a global presence and a client base spanning multiple industries, Chatham’s accounting team is widely recognized for its high degree of quality and expertise. In the near decade since Kern joined Chatham, he’s served in several roles and functions in the practice, most recently leading Chatham’s European Hedge Accounting team.

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Friday Footnotes: A Billion Dollar AI Audit Startup; Oops, All Independence Violations!; Bipartisan Tax Vote | 2.2.23

Going Concern

The directors of an auto parts business have claimed before the High Court that an accountant has allegedly hired convicted criminal Martin ‘the Viper’ Foley to collect a disputed debt of approximately €19,000 from them. Cynthia Lummis in a statement.

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Friday Footnotes: EY Can’t Hire Tech; John Doe Sues the PCAOB; Auditors Can’t Find Torpedoes and Missiles | 1.20.03

Going Concern

ESG Companies parachute accountants in to fix flawed ESG data [ Financial Times ] Accountants and auditors are muscling in on the preparation of climate data amid concern that companies are still far from ready for disclosure rules being drawn up by regulators around the world.

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Friday Footnotes: Looking Elsewhere For Talent; MPs Talk Private Equity Concerns; The Burnout Queen | 8.25.23

Going Concern

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.