Going Concern

FEBRUARY 5, 2024

Drew Andrews, managing partner and CEO of Hartford-based accounting and consulting firm Whittlesey, said the main factor driving mergers is the significant number of smaller firms with aging partners who are looking toward retirement, but don’t have the “backup” on staff to fill their shoes. Apparently the client has a new auditor.

Account 64

Account accountant accounted auditor 64

Going Concern

SEPTEMBER 15, 2023

At the meeting, the Board will consider issuing for public comment a proposal to amend PCAOB Rule 3502, Responsibility Not to Knowingly or Recklessly Contribute to Violations. The administration did not present a budget for Internal Audit during the hearings. Following is a summary of the key areas of comment.

audit 111

audit Colorado CPA Texas 111

Going Concern

JANUARY 19, 2024

TSG’s lawsuit filed last August in Los Angeles District Court said that Fox had promised TSG a share of defined gross receipts for pictures under the companies’ long-term participation agreement but that the studio used “nearly every trick in the Hollywood accounting book” to not pay. Arizona Auditors Found $1.8 Attorney Phillip A.

Arizona 93

Arizona accounting and finance audit auditor 93

Going Concern

OCTOBER 16, 2023

The issue is one of the industry’s main concerns, along with macroeconomic volatility and cyber threats. The AICPA’s Sue Coffey wrote an opinion piece for Accounting Today. It’s so delinquent that it’s almost time to file the 2023 audit report. It indicates that city departments are not audit-ready when they should be.

Account 72

Account accountant accounted Tax 72

Going Concern

DECEMBER 19, 2022

in which ChatGPT talks about accounting firms. For the first time in history, the PCAOB has secured complete access to inspect and investigate registered public accounting firms headquartered in mainland China and Hong Kong, on Thursday the Board voted to vacate the previous determinations to the contrary. GET EXCITED!

Account 59

Account accountant accounted audit 59

CPA Practice

DECEMBER 14, 2023

Vickie Croteau, Maine Erick Enriquez, N.J. Vickie Croteau, Maine Angela Cunningham, Texas Sandra Cutting, R.I. Johnny Welborn, Texas Tracy Willard, Maine Christophe Wilson, N.C. Johnny Welborn, Texas Elite 25 Teresa Barton, Utah Jeri Beckham, Texas Frank Calise, Ariz. Amber Canales, Mich. Becky Carney, Tenn. Nathan Cour, Conn.

Iowa 52

Iowa Texas Utah Ohio 52

Going Concern

JULY 1, 2022

I agree, the problems throughout public accounting aren’t due to a lack of intelligence. There will always be problems with the concept of an independent audit when the auditors are being paid by the auditee. But I assert that there’s nowhere better to start an accounting career than at a Big 4 firm.

Account 59

Account accountant accounted audit 59

Going Concern

APRIL 20, 2022

As I snarkily mentioned last week , the AICPA has finally released its much-anticipated 2021 Trends in the Supply of Accounting Graduates and the Demand for Public Accounting Recruits (or Trends , for short) report [PDF here ], a behemoth data dump of accounting industry stats first released in 1971 and released every two years since 2009.

Account 52

Account accountant accounted CPA 52

Going Concern

DECEMBER 11, 2023

Mandatory audits don’t provide protection the entities mandated them think they do according to new research. In new research, Matthias Breuer, Anthony Le, and Felix Vetter find that when companies are required by the government to seek a third-party financial audit, they turn to lower quality auditors.

auditor 105

auditor Account accountant accounted 105

Going Concern

APRIL 28, 2023

Audit Audit partners suffer after writing critical ICOs: study [ CFO Dive ] Audit partners who write adverse internal control opinions are more likely than their less critical peers to be pulled from an engagement and shifted to less prestigious, lower-fee client assignments, according to a study. There’s one problem.

Colorado 105

Colorado New Jersey Georgia audit 105

inDinero Accounting

MAY 5, 2021

The thought of a compliance audit makes most people sweat. Currently, the SBA is conducting first-round PPP audits. Get our handy infographic on the likelihood of a PPP audit. inDinero clients have a team of accounting and tax expertise to ensure accurate financials are fit for business management, investors, and taxes.

audit 52

audit auditor accounting and finance payroll 52

Snyder

DECEMBER 16, 2022

In order to create better ways to manage and store sensitive information, the Association of International Certified Public Accountants (AICPA) came up with a series of requirements called Systems and Organizations Controls (SOC) that explain in detail how organizations should manage this data. The road to SOC 2 compliance wasn’t easy.

audit 52

audit auditor public accounting Maine 52

Going Concern

FEBRUARY 2, 2024

PwC said on Monday that it had identified 129 breaches of independence rules affecting 74 clients and PCAOB inspectors had found a further one themselves while inspecting audit work in 2022. The figures were included in an update to PwC’s audit quality report, published on its website. But the challenges she is facing defy simplicity.

audit 120

audit Tax Texas Massachusetts 120