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Monday Morning Accounting News Brief: Semper Fi-nancial; EY Gets a D in Auditing; Deepfake CFOs Are a Thing | 2.26.24

Going Concern

And I’m also feeling a lot of guilt in looking back… — Brenda Cannon, CPA (@bsuecannon) February 23, 2024 The Marines have achieved the seemingly impossible : The U.S. During this two-year audit, the Marine Corps had independent third-party auditors from Ernst and Young vet the value of all its assets listed on financial statements.

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Tax Tips for Accountants With Gambling Clients

CPA Practice

With over a decade specializing in gambling taxes, this Las Vegas CPA has worked with everyone from professional poker players to casual sports bettors. This article summarizes Zak’s insights from my recent Earmark Podcast interview to provide accountants and tax professionals with key guidance.

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House GOP Spars with Janet Yellen Over Biden’s Tax Proposals

CPA Practice

Smith said the committee will be conducting oversight to make sure audits of small businesses and working families don’t rise due to the extra IRS funding. Yellen reiterated her pledge that audit rates won’t rise relative to historic levels for people making less than $400,000 per year. Another Republican, Pennsylvania Rep.

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