Going Concern
SEPTEMBER 29, 2023
The hallmark of a great auditor is not just understanding debits and credits, but understanding how the client makes money and the economics and the cash flows,” added Maginnis. “A It could be sports and entertainment, tech companies, life science companies.” 1 podcast for accountants and bookkeepers. I’d love to hear more.
CPA Practice
MAY 15, 2024
1%) Sovos Tax Solutions 0.5%) * Use tools built-into accounting software (34%) * Use state sales tax agency websites (21.3%) * Other: (8.3%) ————– – Sales & Use Tax Exemption Certificate Management Insight : One of the most easily scrutinized areas by sales tax auditors are exemption certificates, which are often poorly managed by businesses.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Going Concern
MARCH 21, 2023
TurboTax and QuickBooks are full of rudimentary AI features and already have reduced the need for some bookkeepers and tax preparers. It isn’t just another game, it’s a different sport. And it’s the exact type of work that is prime for replacement by AI*. Some of it already has been. The future is different.
Going Concern
SEPTEMBER 15, 2023
Audit Comments Raise Concerns About PCAOB’s Proposal To Expand the Scope of Audits and the Role of Auditors [ JD Supra ] In June 2023, the Public Company Accounting Oversight Board (PCAOB) proposed sweeping amendments to its auditing standards. Comment letters raise serious questions about the consequences of the proposed changes.
Going Concern
MAY 24, 2024
“Considering we have a state budget just over $50 billion and the multiple errors we identified were in excess of $718 billion, it’s clear this additional level of review is vital to ensure we have accurate financial reporting,” Republican Auditor Scott Fitzpatrick said in a statement announcing the report.
Expert insights. Personalized for you.
126 
Let's personalize your content