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Friday Footnotes: How Are Firms Actually Using Data Analytics?; KPMG and BDO on the Move | 9.15.23

Going Concern

Audit Comments Raise Concerns About PCAOB’s Proposal To Expand the Scope of Audits and the Role of Auditors [ JD Supra ] In June 2023, the Public Company Accounting Oversight Board (PCAOB) proposed sweeping amendments to its auditing standards. The administration did not present a budget for Internal Audit during the hearings.

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Starting an eCommerce Business? Bookkeeping Basics You Need to Know

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Just like a traditional brick-and-mortar business, your eCommerce business needs a good bookkeeping system for essential functions like tracking revenues and expenditures and filing tax returns. You might just need to refresh your memory about a transaction you can’t remember, or you might need to validate your tax return for an audit.