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SEC Slaps CohnReznick and Three Partners with Improper Professional Conduct

Going Concern

This press release from the SEC is wayyyy too boring to be rewritten in an interesting way on a sunny Friday afternoon so have some copy paste instead: The Securities and Exchange Commission today charged audit firm CohnReznick LLP with improper professional conduct on engagements for two clients in 2017. Audits in 2017; charges June 8, 2022.

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In Wake of Coronavirus, Takeovers (And Liabilities) Loom

PYMNTS

In accounting terms, that means eyeing possible write-downs of assets, and “write-ups” of liabilities. The impact is not confined to China. One standout: Operating leases – tied to the real estate that is owned or is integral to a company’s daily activities – could be written down.

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Top 5 Accounting Issues to Master to Avoid Snags in SPAC IPOs

ThomsonReuters

“Which basically means that before you do the transaction you have to have started the process that would enable you to do an audit of your internal controls for the year that you were in.”. To avoid financial reporting woes, accounting teams said the SPAC-IPO marketplace should be mindful of the following: #1. Accounting Staff.

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Free Small Business Expense Tracking Spreadsheet

xendoo

Therefore, you won’t have anything to worry about should the IRS audit your company. Besides saving you time, you’ll also want to track expenses to take advantage of tax deductions and better financial health. In addition, you can learn how to read and interpret financial statements. . Tax Deductions.