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Friday Footnotes: Auditors Can Prevent Fraud With Fibbing; AI Rollup Accounting Firms Are So Hot Right Now | 6.20.25

Going Concern

The post Friday Footnotes: Auditors Can Prevent Fraud With Fibbing; AI Rollup Accounting Firms Are So Hot Right Now | 6.20.25 If you have something to say about any stories linked here you are welcome to email the editor , text us at 202-505-8885, or hit us up on Twitter @going_concern. appeared first on Going Concern.

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Friday Footnotes: Baker Tilly Did What!?; Internship Ranking Winner Same As Last Year; Pillar II to Be a PITA | 10.25.24

Going Concern

Other accounting firms in the Top 10 Best Overall Internships are Texas-based Weaver, Alabama-based BMSS, and Wisconsin-based Wipfli. We received news that our external auditor that is assigned to our annual audit is resigning and the firm does not have sufficient staffing to take over our 2022-2023 audit,” Gates-Shult said.

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Tax Fraud Blotter: Who ya gonna call?

Accounting Today

Mobile, Alabama: Tax preparer Kenneshia Davis has been sentenced to a year and a day in prison for filing fraudulent returns. Birmingham, Alabama: Tax preparer Geta Barr has been sentenced to 18 months in prison for preparing false returns for clients. According to the IRS, the payroll taxes due on the wages totaled $2,048,182.

Tax
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Monday Morning Accounting News Brief: AI Upskilling is Silly, Says EY CTO; AICPA Pleads For a Paper Check Extension | 7.7.25

Going Concern

The Government Accountability Office discovered a little billing issue related to non-government space launches : As the Defense Department ramps up national security space launches, it could soon start collecting millions more dollars from commercial launch providers — including two with significant operations in north Alabama.

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What’s new in sales tax?

TaxConnex

Auditors slapped Amazon with some $12.5 The Foundation found that the five states with the highest average combined state and local sales tax rates are Louisiana (9.56%), Tennessee (9.55%), Arkansas (9.45%), Washington (9.38%) and Alabama (9.29%). million in taxes, penalties and interest for the first three months of 2016.

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FASB Took It Easy in 2022

Going Concern

While the PCAOB has been on a mission to scare the pants off of auditors everywhere in the past year with record fines and scary speeches, the Financial Accounting Standards Board took a much more chill approach to 2022. It’s also politically connected: Kathleen Casey, the head of the board’s nominating committee, is a former S.E.C.

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Sales Tax Issues for Online Retailers

Withum

Alabama, Alaska, Arizona, Colorado, and Louisiana are “home rule” states which permit the municipalities or counties to govern themselves with certain restrictions. Also, many states are hiring more sales tax auditors to audit more companies and identify related vendors who may not comply with sales tax.