Going Concern

OCTOBER 11, 2022

Are bank failures bad PR for the firms that audit them? Via KU (Kentucky University) News : The word “audit” has a different meaning depending on whether you’re an individual or a bank. But a perceived audit failure can have equally damaging consequences. “We New research seems to show that depositors — a.k.a.

auditor 52

auditor audit Kentucky Kansas 52

Going Concern

OCTOBER 20, 2023

Tennessee’s largest CPA firm announces expansion into Kentucky [ The Tennessean ] One of the Nashville area’s top-ranked business consulting firms is expanding its services to Kentucky. Audit & Assurance professionals in their daily tasks and decision-making processes.

CPA 105

CPA quickbooks Real Estate auditor 105

TaxConnex

DECEMBER 1, 2022

The plaintiffs have reportedly said that Louisiana’s patchwork sales tax compliance system is a labyrinth filled with audit traps and now say the case belongs in federal court because Wayfair was ultimately decided in the U.S. Supreme Court. Best and worst. Effective Jan. Photographers and interior designers will be affected, among others.

Sales 130

Sales Tax Alaska Louisiana 130

PYMNTS

JANUARY 13, 2020

According to local Kentucky Today reports, $1.5 million was embezzled from a Kentucky school district , pointing to a former finance director, now the subject of an FBI probe. According to the publication, the school district’s annual audit failed to identify the scheme because only a section of all transactions are reviewed.

B2B 89

B2B Kentucky Colorado Minnesota 89

TaxConnex

DECEMBER 29, 2022

But others clung to hiking sale taxes: Kentucky considered gradually replacing its individual income tax with a broader sales tax. The plaintiffs claimed that Louisiana’s patchwork sales tax compliance system is filled with audit traps and that the case belonged in federal court because Wayfair was ultimately decided in the U.S.

Sales 130

Sales Tax Maryland Louisiana 130

Going Concern

AUGUST 11, 2023

MCM CPAs & Advisors Joins Cherry Bekaert [ PR Newswire ] Cherry Bekaert (the Firm) is pleased to announce the completion of an acquisition transaction with MCM CPAs & Advisors LLP (MCM), a large regional accounting and advisory firm headquartered in Louisville, Kentucky, providing highly specialized services to a broad range of clients.

Account 88

Account accountant accounted audit 88

Going Concern

AUGUST 14, 2023

When you woke up this morning did you let out a big yawn and then ask yourself “how can audit firms respond to ongoing regulatory scrutiny?” PCAOB staff expects approximately 40% of the audits reviewed in 2022 will have one or more deficiencies, up from 34% in 2021 and 29% in 2020. Who’s gonna tell them?

audit 52

audit Account accountant accounted 52

Going Concern

JANUARY 26, 2024

Long Read Corporate Self-Oversight [ The American Prospect ] Four auditing firms examine the books of nearly every big U.S. How AI is transforming audit [ Thomson Reuters ] In the past, auditors have heavily relied on manual processes to uncover risks in financial statements and business operations. AI Is your firm keeping pace?

Account 116

Account accountant accounted audit 116

CPA Practice

JANUARY 12, 2024

And they’re launching, they will launch in the cloud audit suite, a smart analysis capability to find anomalies or high risk transactions, that’s going to streamline the data ingestion, use AI to identify transactions, and then automate testing and confirmations back. So even those types of announcements were made throughout the process.

Technology 40

Technology Account accountant accounted 40

CPA Practice

NOVEMBER 2, 2023

Treasury Secretary Janet Yellen last year ordered the agency not to use the money to increase audits on small businesses or taxpayers making less than $400,000 a year. They argued the IRS will unfairly target the middle class with funding for tax enforcement included in President Joe Biden’s signature Inflation Reduction Act.

Kentucky 59

Kentucky New York audit Government 59