Going Concern

OCTOBER 18, 2024

SEC’s Dropped Auditing Charges Shows Damage of Jarkesy Decision [ Bloomberg Law ] The Securities and Exchange Commission’s recent decision to drop misconduct charges against a handful of auditors proves the SEC v. Sign up for Always-On Recruiting to get more great candidates like these in your inbox every week.

audit

Going Concern

FEBRUARY 6, 2025

They said : A task force of the American Institute of CPAs Professional Ethics Executive Committee (PEEC) will seek public comment on its preliminary conclusions about revisions to independence rules related to alternative practice structures, changes driven by the increasing prevalence of private equity investment in accounting firms.

audit

Going Concern

OCTOBER 21, 2024

In a matter of weeks, we should be hearing that the Pentagon has failed yet another audit. Defense One argues this is a good thing : Far from a mere compliance exercise, the cultural and technological changes required to pass an audit are the same ones necessary to keep U.S. forces dominant.

Account

LSLCPAs

JUNE 19, 2025

It’s about catching errors before they snowball, preventing fraud, and making sure you’re ready when the auditors come knocking. The post Steps to Smooth Bank Reconciliations (and Fewer Headaches at Audit Time) appeared first on LSL CPAs.

audit

Accounting Today

JUNE 9, 2025

Identify opportunities Assess pain points in tax, audit, scheduling, and advisory workflows. Audit data preparation : Use algorithms to download client data, generate trial balances, and perform risk analysis. Identify routine tasks that consume excessive time during peak periods.

Technology

CPA Practice

OCTOBER 18, 2024

So Brian, I know that from your perspective, you often introduce yourself as recovering auditor. So for our auditing friends on the call, talk to me a little bit about accounting memos. There actually are the the American Institute of CPAs actually went through, and they have a startup accelerator that they do. Yeah, Brian F.

Technology

Going Concern

NOVEMBER 4, 2024

Given the demands CPAs face — often, they serve on understaffed teams due to a shortage of accounting talent, while also needing to obtain continuing professional education credits in order to maintain their certified public accounting licenses — some experts were not surprised to hear about the multi-tasking practice. “If

Account

Accounting Today

JUNE 9, 2025

By Paige Hagy 9h ago Practice management Boomer's Blueprint: 4 ways algorithms can improve your firm Midsized CPA firms can leverage algorithms for operational excellence across multiple service lines and functions. Gary Boomer June 9 Audit Two-thirds of clients ready to change auditors Seventy percent of U.S.

Tax

Accounting Today

JUNE 6, 2025

CANADA CPA Canada and FP Canada, Toronto, signed a new memorandum of understanding to enhance collaboration between the accounting and financial planning professions, offering professional accountants who are part of CPA Canada opportunities to enhance their credentials, along with improved access to FP Canada courses and conferences.

New Jersey

Accounting Today

JULY 25, 2025

FLORIDA Stefano Comotti was appointed chair of the global board of the Institute of Internal Auditors, Lake Mary, for 2025-26. Nomination information is available here. ILLINOIS Jennifer Witts was hired as a partner in the client advisory services practice at CohnReznick, Chicago.

Rhode Island

Accounting Today

JUNE 6, 2025

Wolters Kluwer releases AI audit documentation solution Wolters Kluwer HQ Wolters Klower announced TeamMate+ AI Editor, a generative AI writing engine designed to enhance the quality of audit documentation with data protection and safeguards.

Technology

Accounting Today

JUNE 9, 2025

credentialed CPAs in America) and demand (i.e., total addressable market), the well-documented conclusions are: 75% of todays CPAs will have retired in the next decade; and, Revenue per CPA is projected to 2.7x CPAs on technical expertise and client service? during that period, because new entrants are declining.

Account

Going Concern

OCTOBER 14, 2024

Bring in the CPAs! Writes Religion Unplugged : Responding to a lawsuit accusing Dallas-based Gateway Church of financial fraud, Gateway Elder Tra Willbanks assured congregants over the weekend that the church has “independently audited financial statements since 2005.” We don’t view AI as a substitute for auditors,” Shimek explained.

Account

Going Concern

OCTOBER 11, 2024

As it’s become increasingly popular for external CPAs and even CFOs to help run a company’s financial operations, the American Institute of CPAs is looking to clarify the standard for how financial statements prepared as part of an external client advisory services engagement are treated. However, since Tether is not based in the U.S.

audit

Going Concern

JUNE 13, 2025

The response, sometimes heated, confirmed that this is an issue that employers and individual CPAs are wrestling with. million for Carr’s Group audit breaches [ Reuters ] KPMG and audit engagement partner Nick Plumb failed to ensure compliance with applicable independence requirements, the Financial Reporting Council said.

CPA

Going Concern

NOVEMBER 22, 2024

Audit Large Accounting Firms Will Have to Submit Financial Statements to U.S. audit watchdog also voted 4-1 on a separate rule to require hundreds of firms to publicly disclose a set of eight metrics, ranging from auditor turnover to partner involvement, workload and work experience.

auditor

Going Concern

FEBRUARY 10, 2025

pic.twitter.com/BuMGHJuKx9 — Jessica Smith, EA , not a CPA (@Taxsavvyjessica) February 9, 2025 Something to chew on as both sides argue about fraud and waste: My dad was an auditor with The Indiana Department of Revenue. He mostly audited businesses mostly.

Indiana

Accounting Today

JUNE 9, 2025

EDT 4 Min Read Facebook Twitter LinkedIn Email Even as accountants worry about a host of pressing issues, there are strong reasons to be optimistic about the future of the profession, according to Mark Koziel the president and CEO of the American Institute of CPAs. The SEC, too, would like to look at things differently." "The

Account

CPA Practice

NOVEMBER 25, 2024

Before entering the public sector, he was employed as an audit manager with the accounting firm of Deloitte & Touche. She is the former Colorado state auditor, having served in that role for 10 years. Prior to becoming a state auditor, Ms.

Wisconsin

Accounting Today

JULY 7, 2025

Beyond invoice handling, AI agents can significantly ease tasks such as account reconciliations, audit preparation, fraud detection and cash flow forecasting. This is more than mere automation — its intelligent, proactive management and autonomous automation of complex tasks.

Technology

Accounting Today

JULY 11, 2025

Soft policy exceptions should be routed for manager review as part of an audit, not in the accounting workflow. Accounting cant finalize the books and auditors are left without a clear trail. The company must still pay the card issuer, but now lacks the accounting data and audit trail needed to properly report the expense.

Technology

Going Concern

MAY 2, 2025

In speeches, he spoke out against rules that limited audit firms ability to make professional judgments. Atkins as commissioner showed disdain for the PCAOB when meeting with officials from the audit regulator, said Martin Baumann, an adjunct accounting professor at Southern New Hampshire University and former PCAOB chief auditor.

audit

Going Concern

NOVEMBER 1, 2024

Audit Private Equity’s Ties to Companies’ Auditors Have Never Been Closer. The supplement provides audit firms with additional guidance regarding remediation, including making the most of the remediation period, the potential influence of non-technical factors on persistent quality control criticisms, and more.

audit

Accounting Today

JULY 3, 2025

By Chris Gaetano July 3 Audit AICPA proposes to toughen auditors' responsibilities for spotting fraud The American Institute of CPAs Auditing Standards Board is looking for feedback on a proposed standard updating auditors responsibilities related to fraud.

Technology

Going Concern

JUNE 23, 2025

What’s funny is this paragraph they added to the article: AICPA leadership monitored the debate about the PCAOB’s future, showing general support for the role of the auditor in assuring public trust regardless of how supporting regulatory agencies are structured. The Auditing Standards Board sets audit standards for U.S.

Account

Going Concern

JULY 18, 2025

Audit Automated auditors: could AI undermine financial reporting? Paradoxically, AI can turn the audit into a black box,” he adds. Then, just 38 per cent of BDO’s audits were ranked as satisfactory. Here in Massachusetts, the collapse last year of Steward Health Care has been widely blamed on its ties to PE.

audit

Accounting Today

JULY 15, 2025

EDT 2 Min Read Facebook Twitter LinkedIn Email A major merger with billion-dollar firm Marcum toward the end of 2024 put CBIZ firmly at the top of the list of new Securities & Exchange Commission audit clients for the first quarter of 2025. billion helped Deloitte come in second in terms of new assets audited, helped by $5.1

audit

Accounting Today

JULY 7, 2025

His generosity and his desire to help his fellow CPAs and accountants are prime examples of what make accounting great. Read more: See a selection of Eds top columns. ) Ed is, of course, far from the only example of accountants giving back.

Account

Going Concern

FEBRUARY 7, 2025

Nearly 43% of respondents say they would trust artificial intelligence for help more than tax professionals like CPAs. Audit The Alleged Theft of More Than $532K from a Pa. Audit the Fed [ MacIver Institute ] Ah s**t, here we go again. The accounting software company surveyed 2,000 U.S. As he usually does, U.S.

cpas

Accounting Today

JUNE 9, 2025

By Paige Hagy 9h ago Practice management Boomer's Blueprint: 4 ways algorithms can improve your firm Midsized CPA firms can leverage algorithms for operational excellence across multiple service lines and functions. Gary Boomer June 9 Audit Two-thirds of clients ready to change auditors Seventy percent of U.S.

Tax

Going Concern

FEBRUARY 14, 2025

Audit Businesses will pay the price for poor auditing practices, says think-tank director [ Raconteur ] Adam Leaver is an accounting professor at The University of Sheffield and director of the Audit Reform Lab think-tank. Shoddy audit practices can wreak havoc on the economy, he says. counterparts.

Arizona

Going Concern

APRIL 25, 2025

Why CPAs face more risk than ever before [ Insurance Business Magazine ] In a push to diversify revenue and better serve clients, accounting firms are branching out into advisory services, fractional CFO roles, investment consulting, and even life insurance sales. Hetrick said many of them are trying to cut back on accounting services.

auditor

Accounting Today

JULY 3, 2025

Accounting Employment data Payroll DoL MORE FROM ACCOUNTING TODAY Audit AICPA proposes to toughen auditors' responsibilities for spotting fraud The American Institute of CPAs Auditing Standards Board is looking for feedback on a proposed standard updating auditors responsibilities related to fraud.

Account

Going Concern

FEBRUARY 28, 2025

The sources said PwCs auditing projects would not be affected. M&A Baker Tilly to snap up Hayflich CPAs [ International Accounting Bulletin ] Advisory, tax, and assurance firm Baker Tilly has announced its intent for the acquisition of Hayflich CPAs, an accounting firm serving West Virginia, US.

West Virginia

Going Concern

MARCH 7, 2025

. — Squawk Box (@SquawkCNBC) March 7, 2025 Audit Chair Williams To Host Chicago Forum for Auditors of Small Businesses and Auditors of Broker-Dealers [ PCAOB ] The Public Company Accounting Oversight Board (PCAOB) that PCAOB Chair Erica Y. million) announced the acquisition of Chicago-based firm Tassi and Company.

Government

Accounting Today

JULY 3, 2025

FLORIDA Karen Lake Karen Lake began her tenure as the 98th chair of the Florida Institute of CPAs, Orlando, on July 1. Lake is a director of tax services at Berkowitz Pollack Brant Advisors + CPAs, where she leads the state and local tax practice. opens new office in Chattanooga; and more news from across the profession.

Technology

Accounting Today

JULY 7, 2025

By Michael Cohn 8h ago Audit PCAOB highlights good client acceptance practices The Public Company Accounting Oversight Board gave reminders for auditors who audit smaller public companies in its latest staff publication.

Tax