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Accounting Firm For Trump Media Has Audit Deficiency History

CPA Practice

said in recent regulatory filings that it will keep BF Borgers, a Lakewood, Colorado-based accounting firm, as its auditor after starting to trade publicly late last month. A Canadian regulator said last year that BF Borgers violated its rules for auditors, while the U.S.’s Trump Media & Technology Group Corp.

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Withum Noped Out of Trump Media So Fast

Going Concern

Over the past week or so, various media outlets have been picking on Trump Media auditor BF Borgers and their 100% PCAOB deficiency rate. BF Borgers has become one of the most prolific auditors of US public companies just 15 years after its foundation, and regulators have warned that it has taken on new clients faster than it can manage.

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Sales tax and nonprofits

TaxConnex

Location, location, location 501(c)(3) organizations are exempt from sales tax on their purchases in Colorado and in Utah. During a sales tax audit, one of the first requests from the auditor will be for copies of all exemption certificates for any exemptions claimed on sales tax returns. How important are these certificates?

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Friday Footnotes: PwC Is Tops in M&A Advisory; What You Can Do With a MAcc; EY Consolidates in LatAm | 4.28.23

Going Concern

The setback for auditor partners is especially severe when their ICOs are somewhat subjective and when they focus on more important clients, according to the study published last month by academics at the University of Arkansas, Colorado State University and the University of Kansas. There’s one problem.

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Monday Morning Accounting News Brief: What Do Big 4 Firms Pay These Days?; EY Gets Sued | 4.8.24

Going Concern

Bloomberg went digging around in Trump Media’s auditor’s PCAOB inspection reports: Trump Media & Technology Group Corp. said in recent regulatory filings that it will keep BF Borgers, a Lakewood, Colorado-based accounting firm, as its auditor after starting to trade publicly late last month.

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Friday Footnotes: Why Private Equity Loves the Profession; A Very Naughty KPMG Employee; WTF PwC Guy | 4.5.24

Going Concern

At that firm, I was an external auditor for almost five years, and in the final year, I was working in our Financial Accounting Advisory Services group.” ” In a separate filing Monday, Trump Media cited the auditor’s analysis in describing the risks facing the business. million in 2023 while generating total revenues of $4.1

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Friday Footnotes: How Much Big 4 Spent on Lobbying Last Year; Super Bowl Bets; CFOs Feeling Good | 2.9.24

Going Concern

The Use Of AI By Financial Executives And Their Auditors [ Forbes ] Artificial Intelligence (AI) is starting to have the capabilities to improve both financial reporting and auditing. CBIZ acquires Colorado firm Erickson, Brown & Kloster [ Crain’s Cleveland Business ] CBIZ Inc. researchers surveyed financial executives (e.g.,