Going Concern

JULY 28, 2023

The combination of too few professionals and high demand is pushing firm leaders to merge up, outsource tax work and hire non-CPAs, among other strategies. They seem to be working so far, as firms are growing fast and producing impressive financial results. The IRS audit rate for large partnerships has dropped to less than 0.5%

Gambling 98

Gambling audit Technology accounting firms 98

Going Concern

FEBRUARY 12, 2024

Canadian Accountant put out a piece on the auditor shuffle using some Ideagen Audit Analytics data : While the annual data provided to Canadian Accountant by an American data analytics firm always contains a few fascinating odds and ends — and that year was no different — the most recent data available presented a mystery.

auditor 70

auditor Account accountant accounted 70

Going Concern

DECEMBER 8, 2023

companies while hindering recruitment and retention, according to 78% of audit partners surveyed by the Center for Audit Quality. The CAQ surveyed 748 audit partners at eight of the largest accounting firms about conditions for their clients. Cohen & Co., McKonly & Asbury ] The merger will be effective January 1, 2024.

cpas 116

cpas Account accountant accounted 116

Going Concern

MARCH 17, 2023

“A proposal like this could allow for the reinstatement of credit for more than 15,000 CPA candidates and re-open the door for those candidates to complete their journeys to becoming licensed CPAs. The best financial planners or wealth managers will set themselves apart with outstanding soft skills.”

Government 97

Government Gambling audit CPA 97

Going Concern

NOVEMBER 25, 2022

FRC to fine Deloitte £440k over 2018 audit [ Accountancy Today ]. According to the FRC, it found serious failings in the reviewed audit, which demonstrated a “significant departure from the standards expected of a registered auditor”. Audit reform causing work to ‘cascade down’ through the market [ AccountancyAge ].

audit 98

audit Account accountant accounted 98