Going Concern

JANUARY 20, 2023

“If you just read the headlines around what’s going on, you might think, there’s all kinds of people who know technology out there,” Carmine Di Sibio told Bloomberg in an interview at the World Economic Forum in Davos. But that doesn’t appear to be the case.

auditor 96

auditor Technology audit financial statements 96

CPA Practice

JANUARY 23, 2023

With markets changing and capital becoming more constrained by the day, there is a rapidly heightened awareness of the role that due diligence and audits play. Getting there will require not only new technologies — but new approaches to human capital as well, but both are beginning to emerge just at the right time. By Tod McDonald.

audit 124

audit auditor forensic accounting Technology 124

CPA Practice

APRIL 7, 2023

In 2021, there was a 17 percent drop in employed accountants and auditors from a 2019 peak, according to a Bloomberg Tax analysis. Nearly every financial decision is tied to a financial report, and with many deadlines approaching for annual and quarterly financial statement filings, there’s a pressing need for audited financial statements.

accounting firms 139

accounting firms CPA Technology Account 139

Going Concern

MARCH 8, 2024

Audit SEC Settlement Against Auditing Firm Serves as Reminder of Important Independence Rules [ JD Supra ] On February 29, the Securities and Exchange Commission (the SEC) announced that it settled an administrative proceeding against Lordstown Motors Corps’ former auditor, Clark Schaefer Hackett and Co.

audit 79

audit auditor New York Legal 79

CPA Practice

APRIL 3, 2023

In 2021, there was a 17 percent drop in employed accountants and auditors from a 2019 peak, according to a Bloomberg Tax analysis. Nearly every financial decision is tied to a financial report, and with many deadlines approaching for annual and quarterly financial statement filings, there’s a pressing need for audited financial statements.

accounting firms 135

accounting firms CPA Technology Account 135

ThomsonReuters

JANUARY 12, 2023

The primary role of an accountant is to handle a variety of tasks including tax preparation, financial planning and audits. . With advanced technology shifting the way accountants work, many are looking to expand into specialized services that can give them a leg up on the competition. Financial statements (i.e.,

audit 59

audit auditor Account accountant 59

CPA Practice

OCTOBER 31, 2023

Usage of the Dynamic Audit Solution continues to grow at a strong pace, with firms having created over 1,000 engagements on the fully integrated, cloud-based solution from the AICPA, CPA.com and Caseware since it launched commercially this past summer. We’re really excited about how that’s going to impact our audit practice.”

audit 40

audit auditor Technology financial statements 40

Going Concern

SEPTEMBER 22, 2023

People Ken Miller set to retire after more than three decades of service [ Virginia Tech ] After more than 35 years of dedicated service to Virginia Tech, Ken Miller has announced his retirement. The 2023 Forum on Auditing in the Small Business Environment and on Auditing Broker-Dealers is set for Oct.

audit 92

audit accounting and finance Virginia auditor 92

ThomsonReuters

JANUARY 12, 2023

Amidst a complex audit environment, today’s accountants have many opportunities to take advantage of technology and specialize in up-and-coming focus areas. One of these specialties is ESG audits. . What is an ESG audit? Like any audit, ESG audits can be internal or external. Who performs an ESG audit?

audit 52

audit auditor Technology Government 52

CPA Practice

JANUARY 17, 2024

By Ane Ohm, LeaseCrunch As we step into 2024, it’s crystal clear: leveraging technology and software is an absolute must for any organization eyeing substantial growth. Auditing information spread across multiple sheets becomes laborious and prone to human error.

Technology 59

Technology Account accountant accounted 59

CPA Practice

APRIL 30, 2024

When you incorporate predictive analytics, generative AI and other advanced technologies into everyday workflows at your CPA firm, you are taking on much more than a technology upgrade. Meanwhile, generative AI is fast becoming a go-to tool for teams responsible for creating financial reports, tax documentation and more.

Technology 52

Technology CPA cpa firm accounting and finance 52

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 one of the last things tech can do, if ever, is change the ownership’s mindset about a business process like auditing.

audit 52

audit auditor Technology financial statements 52

Going Concern

FEBRUARY 24, 2023

There is an added challenge in the Seattle area, where firms must also compete with big tech companies like Amazon and Microsoft. 9 in 10 Accounting and Audit Firms Struggle to Find Talent [ CPA Practice Advisory ] Sensing a pattern here… What is the fastest-growing challenge facing accounting firms and internal audit departments today?

Technology 104

Technology audit Healthcare auditor 104

Going Concern

MAY 6, 2024

Borgers with deliberate and systemic failures to comply with Public Company Accounting Oversight Board (PCAOB) standards in its audits and reviews incorporated in more than 1,500 SEC filings from January 2021 through June 2023. Last weekend’s weekend discussion: It’s Mental Health Awareness Month. We’re aware.

auditor 79

auditor audit Account accountant 79

Going Concern

FEBRUARY 27, 2023

“IRS tech is so ‘archaic’ the agency struggles to find people to work it” from The Washington Post : The Internal Revenue Service, which funds nearly everything the federal government does, uses information technology that is creaking with old age. Yet that is what the IRS deals with every day.” Go forth and account.

Technology 104

Technology Account accountant accounted 104

ThomsonReuters

JUNE 28, 2023

This includes ESG audit support that verifies the effectiveness of controls, as well as activities that identify gaps, assess risks, and develop a recommended plan of action. Governance risks include financial reporting , fraud prevention, executive pay transparency, and overall business dealings of the company.

Tax 98

Tax auditor audit Technology 98

Going Concern

APRIL 22, 2024

Then, its top brass were tearing themselves apart over the demise of Project Everest, the code name given to the firm’s ambitious plan to split its vast consulting and auditing practices. According to the US Office of Foreign Labor Certification data, EY entry-level accountants and auditors earn $54,000 a year and up.

auditor 92

auditor Account accountant accounted 92

Going Concern

APRIL 8, 2024

Bloomberg went digging around in Trump Media’s auditor’s PCAOB inspection reports: Trump Media & Technology Group Corp. said in recent regulatory filings that it will keep BF Borgers, a Lakewood, Colorado-based accounting firm, as its auditor after starting to trade publicly late last month.

auditor 59

auditor audit Account accountant 59

Ryan Lazanis

NOVEMBER 9, 2022

This is my complete guide to accounting automation in 2023. So if you want to: Learn the 8 benefits of automated accounting. Save time by automating your accounting processes. Automate all 15 areas of your accounting. Find out the latest tools to help you streamline and automate your work. Let’s get started.

Technology 98

Technology Account accountant accounted 98

ThomsonReuters

JANUARY 12, 2023

When it comes to cryptocurrency, there are many unknowns around accounting, audit and assurance. This means that crypto audits will certainly be on the rise. . So, what can accountants do to prepare for crypto audits? . Understand crypto technology. AICPA SOC 1 & 2 audited tax software.

audit 52

audit tax preparation Technology tax planning 52

CPA Practice

JUNE 30, 2023

developer of the award-winning cloud-based audit automation platform, has announced that an integration with Microsoft Azure OpenAI is generally available to AuditFile users. Tailored specifically for accounting professionals, this technology assists users in all attest areas. AuditFile, Inc.,

Technology 52

Technology audit auditor financial statements 52

Going Concern

FEBRUARY 12, 2024

Canadian Accountant put out a piece on the auditor shuffle using some Ideagen Audit Analytics data : While the annual data provided to Canadian Accountant by an American data analytics firm always contains a few fascinating odds and ends — and that year was no different — the most recent data available presented a mystery.

auditor 72

auditor Account accountant accounted 72

Going Concern

FEBRUARY 9, 2024

Three of the firms also joined industry efforts to designate accounting as a science, technology, engineering, and math—or STEM—field, according to federal lobbying disclosures. The majority are now using automation for at least some of their operations and this will grow as tech becomes more user intuitive and available.

Technology 88

Technology Colorado audit cpa firm 88

ThomsonReuters

APRIL 5, 2024

This helps mitigate potential risks, optimize tax strategies, and enhance overall financial performance. Furthermore, interim tax reporting contributes to the accuracy and reliability of financial statements. This process enhances the clarity of the reporting and facilitates easy auditing.

Tax 68

Tax income tax financial statements accounting standards 68

Going Concern

JULY 28, 2023

Nonetheless, Fulton knowingly laundered Nix’s illegal gambling proceeds by continuing to provide financial services to Nix and providing access to the financial system. “We got this outcome because: we identified US tech two years ago as representing a significant (at least for controversy!) since 2007.

Gambling 88

Gambling audit Technology accounting firms 88

Ryan Lazanis

APRIL 18, 2023

AI in accounting refers to the use of artificial intelligence (AI) technologies, such as machine learning algorithms and natural language processing, to automate and enhance various accounting processes. This includes tasks such as financial reporting, audit and compliance, fraud detection, and data analysis.

Account 96

Account accountant accounted Technology 96

Going Concern

DECEMBER 8, 2023

Auditors say accountant shortage ramps up work pressure: CAQ [ CFO Dive ] A shortage of accountants has intensified pressure and ramped up workloads for accounting teams at U.S. companies while hindering recruitment and retention, according to 78% of audit partners surveyed by the Center for Audit Quality. Cohen & Co.,

cpas 106

cpas Account accountant accounted 106

Snyder

MARCH 14, 2023

So, choose to become an accountant if you are a person who likes: Numerical challenges like calculating taxes, money, currency conversion, financial statements, profits, and similar computations. Determining financial outcomes of a business through tabulation of costs, expenses, income, profits, inventory, etc.

accounting jobs 52

accounting jobs accountant jobs accounts jobs managerial accounting 52

Going Concern

FEBRUARY 17, 2023

Deloitte unveils ‘first-of-its-kind’ smart factory and warehouse in Canada [ Robotics & Automation News ] Spanning over 9,000 square feet, The Smart Factory @ Montreal is designed to showcase the possibilities of automation to run production lines, efficiently store and move inventory, as well as track inbound and outbound shipments.

Legal 97

Legal audit auditor South Carolina 97

Going Concern

JANUARY 26, 2024

Long Read Corporate Self-Oversight [ The American Prospect ] Four auditing firms examine the books of nearly every big U.S. How AI is transforming audit [ Thomson Reuters ] In the past, auditors have heavily relied on manual processes to uncover risks in financial statements and business operations. KPMG’s U.S.

Account 118

Account accountant accounted audit 118

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

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

ThomsonReuters

OCTOBER 31, 2023

What is AI automating in accounting? While 51% of accounting professionals believe that ChatGPT and generative AI should be applied to tax, accounting, and audit work, opinions are divided about the usefulness of AI tools. What is AI automating in accounting? Can AI do accounting?

accounting jobs 52

accounting jobs accountant jobs accounts jobs Account 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

Reckon

AUGUST 9, 2022

The blockchain technology behind these developments can of course be used for a multitude of pursuits and will transform the underpinning technology behind a lot of existing technology and services. What is blockchain technology? The cost and time necessary to conduct an audit would decline considerably.”.

Account 97

Account accountant accounted Technology 97

Accounting Insight

FEBRUARY 2, 2023

The power of automation is changing the way we work, and expense management is no exception. But, the thing is, thanks to innovative technology, finance teams and accountants don’t need to chase down receipts or manually match spend to correct invoices. What if she had a company card?

Technology 52

Technology Spend Management Solutions Expense Management accounting and finance 52

PYMNTS

JUNE 11, 2020

That means significant implications for the ways accountants and auditors operate both within an enterprise and externally from it. The key drivers of that transformation include technology, as well as a heightened need for auditors, accountants and their clients to foster a collaborative ecosystem, he said.

corporate accounting 77

corporate accounting auditor Account accountant 77