Going Concern

JUNE 10, 2022

According to the SEC’s order, CohnReznick improperly accepted Sequential’s conclusion that its goodwill, an accounting term for the excess amount paid to acquire a company over its book value, was not impaired or reduced in value, in the third quarter of 2017. Because bad auditors are bad. CohnReznick’s $1.9

audit 98

audit auditor financial statements Washington 98

Going Concern

MARCH 21, 2023

It confuses like terms, particularly technical accounting terms. Sure, ChatGPT can write multiple memos in seconds that would’ve previously taken hours of work and five staff accountants, but we still need an accountant to determine if it’s right. It already can do the work of entry-level staff.

Account 106

Account accountant accounted tax return 106

ThomsonReuters

JUNE 15, 2021

The biggest thing in a De-SPACing transaction, depending on which SPAC the company merged with, is “having to get auditor attestation of your financials in your first year,” Bonnie Roe, Attorney, Cohen & Gresser LLP, said. Some De-SPAC transactions reveal exorbitantly high figures allotted to goodwill, as much as 85 percent. “A

Account 64

Account accountant accounted auditor 64

PYMNTS

FEBRUARY 19, 2020

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.

Hospitality 56

Hospitality Real Estate auditor Sports 56