article thumbnail

PCAOB Fines Illinois Firm $50,000 Over Failures in 17 Broker-Dealer Audits

CPA Practice

auditing rules and standards in connection with 17 audit and attestation engagements for SEC-registered brokers and dealers. Michael Coglianese, CPA PC was censured and fined $50,000 July 10 for violating U.S.

audit 71
article thumbnail

Professionals on the Move – June 2025, Part II

CPA Practice

Arpit has played a pivotal role in building the US PCAOB audit capabilities, leading complex public company engagements and driving the expansion of this critical practice area. Arpit began his journey with us 14 years ago as an intern (article clerk) in Mumbai, India, and has since become a key leader within the US Assurance practice.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

CPE Webcast Dec. 12 – Transforming Sales Tax Compliance to Fuel Business Growth

CPA Practice

Prior to Acuity, Kenji was CFO of an Inc 5000 tech company and worked in the audit practice at Arthur Andersen. She returned to school to study accounting at Illinois State University, earned her CPA, and worked for Deloitte in Chicago for several years as a state and local tax accountant.

article thumbnail

Wayfair’s 7th birthday: Sales tax changes continue

TaxConnex

In Illinois, an amended Retailers’ Occupation Tax Act provides that a retailer that makes retail sales of tangible personal property to Illinois customers from outside the state and is “engaged in the occupation of selling at retail in Illinois” incurs the tax, among other details. A recent U.S.

Sales 221
article thumbnail

In the blogs: Breathing room

Accounting Today

Tax Foundation ( [link] ): Illinois policymakers should think twice before taxing GILTI. By Michael Cohn June 16 Audit Broker-dealer audit deficiency rates remain high The Public Company Accounting Oversight Board reported that deficiency rates remain high across examination, review and audit engagements.

article thumbnail

How Sales Tax Impacts M&A - Part 2

TaxConnex

This is a written affidavit from customers that can be produced in an audit; theyre often state-specific unless the business has provided a multi-jurisdiction certificate covering the relevant states. A seller having all this looks better to a prospective buyer than one that due diligence reveals hasnt been tracking of sales tax exposure.

Sales 147
article thumbnail

Special Report: 2025 Readers’ Choice Awards

CPA Practice

From tax prep to asset management, invoicing and portals, and auditing to remote CFO functions, the services the accounting and tax pros provide are dependent on the technologies they use. The awards highlight the most useful technology for firms and clients.