Going Concern

AUGUST 16, 2022

.” That’s what a stakeholder told me recently when we spoke about the accountant shortage and the growing gap between students getting accounting degrees and recent graduates sitting for the CPA exam. Here are a few choice comments: You need another year of college and then have to study for another 6-12 months for the CPA exam.

Illinois 93

Illinois CPA accounting degree cpas 93

CPA Practice

JUNE 6, 2023

The Illinois CPA Society (ICPAS) has announced its third class of Strategy Academy graduates. I look forward to seeing the graduates leverage their new skills and mindsets to help their clients to drive greater profitability and long-term business success.”

Illinois 52

Illinois CPA cpas accounting and finance 52

MyIRSRelief

JULY 3, 2023

ERC IRS Audit Representation: Your Comprehensive FAQ Guide The Employee Retention Credit (ERC) has been a lifeline for many businesses during challenging times, providing substantial relief. However, with the IRS actively scrutinizing ERC claims, it’s crucial for businesses to understand their rights and options when facing an audit.

audit 130

audit North Carolina Oklahoma Ohio 130

Going Concern

FEBRUARY 23, 2024

Sadly, I had to argue with them over their own language in black and white on how… — Eric Pierre, CPA (@yourfavecpa) February 22, 2024 Deloitte’s Adam Powick wrestles with the complaints of former staff and directors about the pressure to perform in a gruelling corporate culture. Audit ‘Audits matter.’

CPA 88

CPA Illinois auditor Iowa 88

Going Concern

JANUARY 12, 2024

million in audit fees in 2022.) How did Deloitte, the auditing heavyweight watching over Tingo’s books, miss a scam that Hindenburg, an outsider, called out as painfully obvious? Audit Do former regulators improve the quality of audits? Audit Do former regulators improve the quality of audits? Tingo paid $1.6

audit 86

audit auditor Illinois CPA 86

CPA Practice

MAY 18, 2023

The American Institute of CPAs has announced the 50 winners of the 2022 Elijah Watt Sells Award. This award is granted to CPA candidates who obtain a cumulative average score above 95.50 across all four sections of the Uniform CPA Examination, pass all four sections on their first attempt and have completed testing in 2022.

CPA 128

CPA institute of chartered accountants chartered accountant North Dakota 128

CPA Practice

JANUARY 2, 2024

Founded in 1968, PKF Mueller has offices in Elgin, Chicago and Orland Park, Illinois, as well as an office in Sarasota, Florida. The acquisition strengthens Cherry Bekaert’s reach in the Illinois market, supporting the Firm’s strategic growth plans. Tang joins the firm from Marcum Asia CPAs LLP where he served as an Audit Partner.

Illinois 114

Illinois Pharmaceutical E-commerce audit 114

Going Concern

FEBRUARY 16, 2024

This is according to the Illinois CPA Society (ICPAS), which surveyed 449 employers and 433 accounting and finance employees last summer and released its results last month. According to a lobbyist for the Iowa Society of Certified Public Accountants, fewer CPA firms are willing to audit government agencies.

Real Estate 96

Real Estate Iowa audit CPA 96

Going Concern

DECEMBER 4, 2023

However, Simon Stephens, AI lead for audit and assurance at the UK business of Deloitte, another of the Big Four audit firms, pointed out that frauds were relatively rare and tended to differ from each other. billion in back taxes as part of an audit. Individuals with or without the CPA credential are invited to participate.

audit 88

audit Account accountant accounted 88

Going Concern

FEBRUARY 24, 2023

Last week we told you about HF 1749 and SF 1660, bills introduced to the Minnesota legislature that would allow for a second pathway to CPA licensure of 120 units and two years of experience. The proposal would make it harder for Minnesota CPAs to practice across state lines, physically and virtually.

Minnesota 92

Minnesota Illinois cpas CPA 92

Going Concern

AUGUST 24, 2023

By Sharon Lassar, PhD, CPA (Florida) John J. The AICPA and several state societies have cited a study by the Illinois Society of CPAs to say the 150-hour rule is not one of the top 5 reasons students do not pursue a CPA. A leader in the profession told me privately that the Illinois study is “bunk.”

Illinois 84

Illinois CPA cpas Education 84

Going Concern

MARCH 15, 2024

The whole point of hiring a big four audit firm such as PwC is to attach your financial results to a brand whose reputation is beyond question. Audit The auditor’s role in supply chain due diligence [ Compliance Week ] A recent New York Times report detailed alleged examples of migrant children working for U.S.

auditor 98

auditor audit cpas Iowa 98

RitaKeller

NOVEMBER 12, 2020

Today, I am sharing a press release from the Illinois CPA Society. I think it will definitely be of interest to those working in the CPA profession. They are providing seven predictions for the future titled, “CPA Profession 2027: Racing for Relevance.” ” CHICAGO, Nov. ” CHICAGO, Nov.

CPA 40

CPA Illinois cpas Technology 40

Nancy McClelland, LLC

APRIL 11, 2023

The AICPA has released a “Tax Extension FAQ” for CPA members to share with their clients. Extending your return allows you and your CPA more time to prepare your tax return to ensure the filing of an accurate tax return. Why does my CPA suggest we extend my tax return? • Am I more likely to be audited if I extend?

Tax 98

Tax tax return CPA Illinois 98

CPA Practice

JULY 10, 2023

The Illinois CPA Society’s (ICPAS) annual educational event for accounting and finance professionals aims to help attendees navigate the future and expand their possibilities. Returning to the Donald E. Stephens Convention Center in Rosemont, Ill.

accounting and finance 40

accounting and finance Finance Illinois CPA 40

Going Concern

FEBRUARY 23, 2023

And here’s one from the Illinois CPA Society based on what they’ve heard from their members: What we hear among our members: retaining existing staff, lack of support for pursuing the CPA credential, and DEI challenges. During busy season, retaining staff will likely be #1. Back to the question of pressing issues.

CPA 71

CPA Illinois Account accountant 71

CPA Practice

FEBRUARY 19, 2024

a Top 60 independent Certified Public Accounting (CPA) firm has expanded the leadership team in its Tax Advisory practice through the addition of several new hires. Adams received her Bachelors and Masters in Accounting from Northern Illinois University. Schneider Downs Boosts Tax Team Schneider Downs & Co.,

New Hampshire 64

New Hampshire audit accounting and finance Non-Profits 64

Going Concern

AUGUST 21, 2023

This week I’ll be covering the Illinois CPA Society SUMMIT23 so if you want to keep up with all that from the comfort of your home or office go on Twitter. I’m not an auditor, either by training or current profession, and I’m not here to write about how audits work. I’ll leave this to my audit colleagues.

audit 52

audit Account accountant accounted 52

Going Concern

DECEMBER 8, 2023

Pipeline The AICPA and NASBA’s Inadequate Response to Reaching 150 Hours [ CPA Journal ] The 150-hour requirement is a considerable barrier for students wanting to become a CPA or considering accounting as a major, even if it is not the dominant barrier. hours), and quality of work performed as leading barriers.

cpas 90

cpas Account accountant accounted 90

Nancy McClelland, LLC

JULY 22, 2022

On June 27th I woke to find dozens of notifications from MyTax Illinois in my email inbox — one for each and every client of ours who files sales taxes. I just have to hope they don’t get audited by IDOR. My inbox on June 27th. They are stabbing in the dark and have no way to implement it at all.

Illinois 52

Illinois Sales Tax tax return 52

CPA Practice

JUNE 1, 2023

(NABA) National Association of Enrolled Agents (NAEA) National Association of Tax Professionals (NATP) National Conference of CPA Practitioners (NCCPAP) National Society of Accountants (NSA) National Society of Black Certified Public Accountants, Inc. This award is granted to CPA candidates who obtain a cumulative average score above 95.50

institute of chartered accountants 111

institute of chartered accountants chartered accountant North Dakota Wisconsin 111

Going Concern

JANUARY 5, 2024

CPA Tom Janney Announces Retirement [ WJLE ] Local stories like these are so cute. Longtime local CPA Tom Janney has announced his retirement from the tax and accounting side of Janney & Associates, CPAs, PC, a business he started in 1992 but sold to another firm fourteen months ago. Happy trails, Tom!

tax return 96

tax return Virginia accounting and finance audit 96

CPA Practice

FEBRUARY 1, 2024

a Top 60 independent Certified Public Accounting (CPA) firm has expanded the leadership team in its Tax Advisory practice through the addition of several new hires. Adams received her Bachelors and Masters in Accounting from Northern Illinois University. Schneider Downs Boosts Tax Team Schneider Downs & Co.,

New Hampshire 52

New Hampshire audit accounting and finance Non-Profits 52

MyIRSRelief

MAY 24, 2023

EAs can also represent taxpayers before the IRS in audits, appeals, and collection proceedings. When to Seek Help from a Certified Public Accountant A certified public accountant (CPA) is a licensed professional who has met certain education, experience, and examination requirements. Contact us for professional tax help today.

North Carolina 147

North Carolina Oklahoma Ohio Tax 147

Going Concern

OCTOBER 7, 2022

Accounting’s Big Lie — and How to Fix It [ Project on Government Oversight ] A colossal conflict of interest compromises the auditing of public companies and the financial security of everyone who depends on them. FRC probing Mazars audit of Studio Retail Group [ Compliance Week ] The U.K. Firm Watch. ?FRC

Illinois 84

Illinois CPA audit tax return 84

MyIRSRelief

MAY 24, 2023

EAs can also represent taxpayers before the IRS in audits, appeals, and collection proceedings. When to Seek Help from a Certified Public Accountant A certified public accountant (CPA) is a licensed professional who has met certain education, experience, and examination requirements. Contact us for professional tax help today.

North Carolina 130

North Carolina Oklahoma Ohio Tax 130

Going Concern

AUGUST 25, 2023

The CONNECT event, held every five years since 2003, allows GCAS employees to stay current with the trends and best practices of the accounting and auditing industry, with intentional application to the needs of the Seventh-day Adventist Church. The event also allows networking and team-building opportunities for GCAS professionals.

tax preparation 86

tax preparation CPA payroll tax Illinois 86

TaxConnex

FEBRUARY 16, 2023

Companies struggle to keep up with the ever-changing tax rules across state, county and city jurisdictions including states like Alaska, Illinois, Colorado and others with locally administered taxes. Again, most companies (57%) use internal resources to calculate the amount of sales tax to add to their invoices. Manual, cumbersome processes.

Sales 130

Sales Tax Alaska Missouri 130

Going Concern

OCTOBER 27, 2023

They also expressed doubt IRS would deliver on its promise to not increase audits on those making less than $400,000 per year, promising to hold IRS Commissioner Danny Werfel accountable. “My “The IRS needs stronger leadership, not more money and not more audits.” Lisa McCalin, R-Calif., He was 40 years old.

CPA 76

CPA auditor accounting and finance audit 76

Going Concern

FEBRUARY 9, 2024

Birthdays A CPA Firm Celebrates a Century in Business [ The CPA Journal ] In today’s climate of accounting firm mergers, it is worth recognizing when a CPA firm has managed to remain independent and partner-owned for 100 years. researchers surveyed financial executives (e.g., Law & Order BDO, Workers Strike $2.25

Technology 75

Technology Colorado audit cpa firm 75

Going Concern

JULY 28, 2023

Big 4 Deloitte joins fellow Big Four MOVEit victims PWC, EY [ Cybernews ] The New York City-based global auditing and accounting firm appeared alongside 55 other MOVEit victims named by the Cl0p ransomware gang Wednesday, but Deloitte says the impact on its systems is limited. About 80% of audits conducted don’t find tax noncompliance.

audit 76

audit Gambling Technology accounting firms 76

RitaKeller

JUNE 16, 2021

I received the following press release from the Illinois CPA Society. They are unveiling the findings from research they have done relating to the decline in CPA candidates. It seems that accounting students don’t see the value in devoting the time and energy to become a CPA. ” – Victoria Arlen.

Illinois 45

Illinois cpas CPA accounting degree 45

Going Concern

OCTOBER 9, 2023

The new findings will be published and shared to bring awareness of, and renew focus on, the most relevant and effective strategies to promote the CPA credential and ensure its sustainability and relevance moving forward. Both CPAs, Mike Gibson is a retired audit partner and his wife Kristy worked at EY too, now she runs a recruiting firm.

Account 64

Account accountant accounted Iowa 64

CPA Practice

OCTOBER 18, 2023

Of the 45 states (plus the District of Columbia) that have a general sales tax, 10 stand out as being especially tricky for sales tax compliance: Arizona, California, Colorado, Florida, Illinois, Louisiana, Missouri, New York, Tennessee, and Texas. Two others have the dubious distinction of getting honorable mention: Alabama and Kansas.

Sales 59

Sales South Dakota Tax Missouri 59

Going Concern

MARCH 24, 2023

Reminder: you have until April 17 to weigh in on a proposal to extend the CPA exam window Practice Is it time for firms to transform their business model? audit partners want a bigger piece of the firm’s lucrative tax business. Boland, who was tapped to lead the global auditing business after the breakup. CLA, 8th Largest U.S.

auditor 88

auditor audit Entertainment Real Estate 88

Going Concern

SEPTEMBER 25, 2023

Attorney General’s Office for Northern Illinois announced on Wednesday. Accountant charged with falsifying signatures on audit documents [ Australian Securities & Investments Commission ] Stephen Robert Allen, the sole director of K.H.N The audit also showed the system was badly mismanaged by the Police Department.

tax preparation 84

tax preparation Gambling Account accountant 84

CPA Practice

JANUARY 31, 2023

Ray Lee specializes in IT internal audit, Sarbanes-Oxley (SOX) compliance, and System and Organization Controls (SOC) reporting, with over 14 years of experience in his role in the firm’s Risk Advisory Services practice. In his practice, he provides accounting and audit services to the construction and non-profit sectors.

New Hampshire 110

New Hampshire Georgia Virginia public accounting 110