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How IRS Auditors Learn About Your Business Industry

RogerRossmeisl

Issues unique to certain taxpayers IRS auditors need to examine. The post How IRS Auditors Learn About Your Business Industry appeared first on Roger Rossmeisl, CPA. Other guides address issues that frequently arise in audits, such as executive compensation, passive activity losses and capitalization of tangible property.

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What IRS Auditors Know About Your Business Industry

RogerRossmeisl

In other words, your business can use the same guides to gain insight into what IRS auditors know, and what the IRS is looking for in terms of compliance with tax laws and regulations. The post What IRS Auditors Know About Your Business Industry appeared first on Roger Rossmeisl, CPA. Unique issues IRS.

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SEC warns auditors about cash flow statement

Accounting Today

The Securities and Exchange Commission's chief accountant cautioned auditors and public companies about the statement of cash flows after spotting problems that could lead to a financial restatement.

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How Auditors Are Seizing the Day with Artificial Intelligence

CPA Practice

Auditors, like so many others today, are seizing the opportunity to transform how they work by adopting artificial intelligence. These findings make it critical for those of us in the audit profession to help the next generation understand the vision and opportunities that await those who choose this career path as auditors embrace AI.

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IAASB proposes to increase auditors' responsibility to spot fraud

Accounting Today

The International Auditing and Assurance Standards Board is proposing to toughen its rules for requiring auditors to look for signs of fraud in a client's financial statements.

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Kill the Audit Industry, Says Ex-Auditor

Going Concern

Bringing things back to this decade, he then talks about what’s going on at PwC Australia even though auditors weren’t the ones using confidential government data to bill clients for tax avoidance plans. For starters, auditors are paid by the companies they’re auditing. If they find a problem, they risk losing a client.

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Brace for impact: What auditors can learn from the airline industry

Accounting Today

Just as tired pilots and crew members pose risks to flight safety, auditors fatigued from excessive workloads compromise the quality and reliability of audits.

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