Going Concern

SEPTEMBER 22, 2023

Tax ERC abuse brings renewed push for regulation of paid tax preparers [ Journal of Accountancy ] buse of the employee retention credit (ERC) by aggressive promoters who make questionable promises has pushed Treasury to renew the call for the regulation of paid tax return preparers, an action that has the AICPA’s support.

audit 92

audit accounting and finance Virginia auditor 92

Going Concern

NOVEMBER 24, 2023

Generally, taxpayers fall within the contours of reasonable cause if they can show that they exercised ordinary business care and prudence—for example, with respect to a filing obligation or regarding an item claimed on a tax return. Taxpayers who use tax professionals can sometimes also show reasonable cause—i.e.,

auditor 111

auditor audit tax return cpas 111

SkagitCountyTaxServices

MARCH 15, 2023

To keep your business operating optimally, you have to prioritize regularly checking in on the state of affairs — especially the financial side of things. One way to do that: the continuous audit. But first, remember, we’re one more week closer to the April 18th personal tax return filing deadline. More on that today.

audit 52

audit auditor Technology financial statements 52

Going Concern

SEPTEMBER 29, 2023

Deloitte UK said revenue grew 14% to £5.6bn in the year to May, as buoyant markets in the first six months of its financial year bolstered demand for audit and advisory work. It helped offset the “increased caution” among more cash-strapped clients and a slowdown in merger and acquisition activity in the months that followed.

auditor 105

auditor audit New York CPA 105

Going Concern

MAY 16, 2024

Struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can help! With our Always-On Recruiting service, access a pool of skilled remote accountants without any upfront costs. Sign up now to see the complete candidate list and connect with potential hires.

Real Estate 59

Real Estate Account accountant accounted 59

Going Concern

SEPTEMBER 25, 2023

In that capacity, Urban was responsible for maintaining the company’s general ledger, preparing financial statements, and reconciling the company’s accounts payable and receivable and bank statements. And that’s on top of the already generous fees they’re actually allowed to charge.

tax preparation 97

tax preparation Gambling Account accountant 97

ThomsonReuters

JANUARY 12, 2023

When it comes to cryptocurrency, there are many unknowns around accounting, audit and assurance. Adding to the complexity is the fact that most taxpayers are unaware of the potential tax consequences of crypto. . This means that crypto audits will certainly be on the rise. . AICPA SOC 1 & 2 audited tax software.

audit 52

audit tax preparation Technology tax planning 52

xendoo

MAY 16, 2023

Most small businesses have a low probability of going through an IRS audit, but it’s possible. What happens if you get audited and don’t have receipts to back your expenses? The best way to avoid headaches during an IRS audit is to keep accurate business records and bookkeeping year-round , and that includes tracking receipts.

audit 52

audit bookkeeping tax return cpas 52

xendoo

MAY 16, 2023

Most small businesses have a low probability of going through an IRS audit, but it’s possible. What happens if you get audited and don’t have receipts to back your expenses? The best way to avoid headaches during an IRS audit is to keep accurate business records and bookkeeping year-round , and that includes tracking receipts.

audit 52

audit bookkeeping tax return cpas 52

Going Concern

MARCH 4, 2022

Deloitte considers Russia pull out as pressure grows on western firms to exit [ Financial News ] Deloitte is considering pulling out of Russia, becoming the first Big Four audit firm to do so as pressure grows on Western companies to cut ties with the country following its invasion of Ukraine. Antar (@SamAntar) March 4, 2022.

audit 69

audit Kansas auditor bookkeeping jobs 69

Going Concern

APRIL 1, 2022

ARB’s auditor Messrs BDO voluntarily resigns after failure to reach agreement on proposed increase of audit fees [ The Edge ] Expect to see a lot of this going forward: ARB Bhd on Friday (April 1) announced its auditor Messrs BDO PLT (BDO) has voluntarily resigned. Chinese and U.S. That’s one way to go.

auditor 52

auditor accounting jobs accountant jobs accounts jobs 52

Going Concern

JUNE 23, 2023

Audit “When you are a hammer, the world is a nail” – SEC and PCAOB Senior Staff Signal Increased SEC and PCAOB Gatekeeper Enforcement [ Lexology ] SEC Enforcement and PCAOB Enforcement both are pursuing more significant sanctions against auditors, particularly with respect to civil money penalties.

cpa firm 103

cpa firm CPA auditor North Carolina 103

Going Concern

DECEMBER 23, 2022

Hiring, travel for internal events, training and staff Christmas parties have been targeted as part of efforts to curb expenses at the audit and consulting firm ahead of the break-up known as “Project Everest”, people familiar with the matter told the Financial Times. The process, known as confirmation, is part of nearly every audit.

Tax 87

Tax auditor audit tax return 87

Withum

APRIL 27, 2022

The accounting system is the basis for reports that must be provided to grant agencies, prospective donors, lenders, its independent auditors, tax preparers, the Board of directors and management. . Further, many essential schedules are not provided to the auditors timely.?Accurate

general ledger 120

general ledger audit auditor accounting and finance 120

Going Concern

APRIL 15, 2022

A string of disgruntled clients also told CNN that he had taken their money and never submitted their taxes or that he filed them incorrectly. The Financial Reporting Council (FRC) said it had opened an investigation in relation to Deloitte’s audit of Go-Ahead’s annual financial accounts between 2016 and 2021.

accounting firms 52

accounting firms audit Account accountant 52

Going Concern

NOVEMBER 25, 2022

FRC to fine Deloitte £440k over 2018 audit [ Accountancy Today ]. According to the FRC, it found serious failings in the reviewed audit, which demonstrated a “significant departure from the standards expected of a registered auditor”. Audit reform causing work to ‘cascade down’ through the market [ AccountancyAge ].

audit 93

audit Account accountant accounted 93

Going Concern

APRIL 14, 2023

Staffing Drama Signal Mountain Won’t Pay Accounting Firm For Extra Work On Audit [ Chattanoogan.com ] Clients are the worst The Signal Mountain Town Council has declined to pay an auditing firm extra money it said was due because of inadequate help from city employees in preparing the annual city audit.

Tax 103

Tax auditor audit accounting firms 103

Going Concern

NOVEMBER 18, 2022

More than 150 retired EY partners have written to the accounting firm’s leadership objecting to the radical plan to split its consulting and audit businesses. KPMG blocked from Abu Dhabi audits as it elects new regional boss [ Financial Times ]. In India, the Big Four firms conduct their audit business through affiliate firms.

Technology 80

Technology audit auditor accounting and finance 80

Going Concern

FEBRUARY 9, 2024

IRS warns tax professionals to be aware of EFIN scam email; special webinars offered next week [ IRS ] The IRS warned that scammers are posing as tax software providers and requesting EFIN documents from tax professionals under the guise of a required verification to transmit tax returns.

Technology 88

Technology Colorado audit cpa firm 88

Going Concern

AUGUST 19, 2022

Audit Watchdog Fines KPMG Korea for Quality Control Failures [ Wall Street Journal ] The Public Company Accounting Oversight Board on Tuesday fined KPMG LLP’s Korea unit $350,000 for failing to set up adequate quality controls to prevent improper changes to work papers. audit watchdog’s latest enforcement action against a non-U.S.

audit 79

audit auditor accounting firms accounting and finance 79

CPA Practice

APRIL 19, 2023

According to Caseware’s 2023 State of Accounting Firms Trend Report , more than 90% of accountants and 95% of auditors find hiring skilled talent challenging. Everything was handled by a CPA, from collecting client documents to doing the work and delivering the tax return, financial statements or other work products.

Technology 123

Technology CPA tax return auditor 123

Going Concern

OCTOBER 11, 2022

Small business has unique needs for accounting services: primarily tax and advising, and secondarily day-to-day accounting needs to act as de-facto controllers and decision makers. auditing requirements in its component audits of U.S. issuers and its audits of foreign companies listed on U.S. June 28, 2022. June 17, 2019.

Education 90

Education Account accountant accounted 90

Cherry Bekaert

APRIL 4, 2023

Year-end financial statement audits are going on, you are working with your accountant on your tax returns hoping to complete on time, and just around the corner, you are required to submit your Incurred Cost Submission (“ICS”). A good time to collect this is during the financial statement audit.

general ledger 40

general ledger auditor audit financial statements 40

Going Concern

FEBRUARY 19, 2024

Underemployed staff at the Big Four auditors risk losing their jobs as firms step up their scrutiny of employee workloads in a downturn. The liquidators were “taking steps to protect [their ability to bring] legal claims against auditors”, one of the people said. CHECK THIS DUDE OUT. Good for you, sir. We knew this was coming.

auditor 59

auditor Account accountant accounted 59

Going Concern

APRIL 8, 2022

Polymetal International’s Auditor Deloitte Resigns Citing Russian Operations [ MarketWatch ] Polymetal International PLC said Friday that its auditor Deloitte LLP has resigned with effect from April 7 as it won’t be able to carry out the audit process as most of the company’s assets and operations are in Russia.

Iowa 52

Iowa auditor cpa firm CPA 52

Ryan Lazanis

APRIL 18, 2023

This includes tasks such as financial reporting, audit and compliance, fraud detection, and data analysis. 2) Fraud Detection AI-powered fraud detection systems are capable of analyzing large volumes of financial data to identify irregular patterns and anomalies that could indicate fraudulent activity or other financial irregularities.

Account 96

Account accountant accounted Technology 96

Going Concern

SEPTEMBER 2, 2022

EY’s talks on whether to separate its audit segment from its consulting arm are set to continue into this Autumn – despite initial suggestions the Big Four firm could reach a decision by the end of summer. Audit under fire: Is the worst yet to come? The individual stated it was time to perform an annual audit of the business.

North Carolina 88

North Carolina Tax Idaho audit 88

Going Concern

AUGUST 4, 2023

Audit Fireside Chat with PCAOB Chair Erica Y. Trump-Tied SPAC Hits Another Snag as Auditor Abruptly Resigns [ Bloomberg ] Special-purpose acquisition company Digital World Acquisition Corp. said in a filing Tuesday that its auditor Marcum LLP — which has been riddled with regulatory problems of its own — abruptly resigned.

cpa firm 96

cpa firm CPA accounting firms accounting and finance 96

ThomsonReuters

JANUARY 18, 2024

Working with external auditors. Examining financial documents and financial transactions to ensure compliance and rectify any discrepancies. Preparing tax returns. In fact, more boards and audit committees are, or will be, looking for accountants who understand AI ’ s potential and limitations.

Account 59

Account accountant accounted tax preparation 59

Snyder

MARCH 6, 2023

Public accountants usually help with accounting records, financial statements, and tax filing. At this point, public accountants should possess strong knowledge of GAAP and the tax code. Government financial experts are employed to audit documents, store records, and manage resources for governmental organizations.

forensic accounting 52

forensic accounting Account accountant accounted 52

Ryan Lazanis

NOVEMBER 9, 2022

to prepare their financial statements. All eyes are currently on Countable , a much more modern working papers and financial statement preparation software that connects to Xero & QBO to automate the year-end process. For working papers, you no longer need to rely on outdated software like Caseware.

Technology 98

Technology Account accountant accounted 98

ThomsonReuters

APRIL 12, 2021

Greater government scrutiny: Aggressive indirect tax audits are expected as soon as this year. Governments seeking to bolster their revenue streams also are likely to increase the number and intensity of indirect tax audits, LeCompte noted. “We’ve

Tax 98

Tax Technology corporation tax audit 98