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What Would You Like to See Tested on the CPA Exam?

Going Concern

With the completely redesigned CPA exam only 514 days away, there’s been a lot of discussion around the proposed Blueprints and questions about whether or not this content aligns with CPA Evolution’s stated goal of maintaining the relevance of the CPA credential. CPAs don’t need both. It’s 1 or the other.

CPA 95
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Cannabusiness Tax Liabilities and How to Navigate Filing

CPA Practice

By Samantha Schafer, CPA. 147 ensured that these critical costs incurred by cannabusinesses be classified as deductibles for income tax purposes. That’s why if cost accounting wasn’t a major priority for these owners prior to IRC Sec. Thinking that only dispensaries have to worry about taxes to their cannabusiness?

Tax 111
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Friday Footnotes: Higher Salaries Lead to Higher Fees; EY Auditors Quit; Senator Rags on Greedy Accounting Firms | 1.27.23

Going Concern

Big 4 EY auditors escape potential Wirecard sanctions after leaving profession [ Financial Times ] Germany’s audit watchdog closed investigations against four current and former EY auditors involved in inspecting collapsed payments firm Wirecard after they handed back their professional licences and left the profession earlier this month.

auditor 109
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Monday Morning Accounting News Brief: Tax Fees Up, Coolness Still Down; | ‘Lavish’ ERC Mill Hit With a Lawsuit | 1.8.24

Going Concern

Here’s some news from the AICPA via CPA Journal : Firms had a strong fiscal 2022, but number of accounting majors drops sharply. Accounting firms had a good fiscal 2022 with median growth rate of 9.1% Journal of Accountancy wrote up Jason Staats’ talk at Digital CPA. Beardo guy is getting lit.

Tax 101
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Accountant Vs. Controller: What's the difference?

Basis 365

Non-controller accountants generally perform more straightforward accounting tasks than controllers. These responsibilities include internal reports, cost accounting, tax auditing, and cost accounting. Each CPA can also manage other bookkeepers and understand how to complete their bookkeeping tasks.

Account 97
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Which Are the Most In-Demand Accounting Jobs Right Now?

Snyder

Within the company, you work with, inspect and review accounting processes and records for accuracy before external auditors come in and check them. External auditors usually work for public organizations like government bureaus or private auditing companies like EY or PwC which deal with forensic accounting.

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Learn When Your Should Outsource Your Accounting

xendoo

Outsource accounting firms can often provide experience in unique areas such as: Personal financial planning and assistance. Forensic accounting. Managerial accounting. IT auditing. Outsource accounting services can reduce costs, all while ensuring greater accuracy for your financial records. Optimize Costs.

Account 98