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FASB to Host Public Roundtable on Proposal to Improve Disclosures around Income Statement Expenses

CPA Practice

The roundtable will take place on Wednesday, December 13, 2023, at the FASB offices located at 801 Main Avenue, in Norwalk, Connecticut. The Board is seeking participation from investors, preparers, auditors, and others across all industries.

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Recent Cases Show You Shouldn't Mess with Sales Tax Obligations

TaxConnex

The case was referred to investigators after an auditor found that the business hadn’t filed quarterly sales tax returns or remitted sales tax collected for that period. The company has paid nearly $69,000 in restitution for sales tax it collected and failed to pay to state coffers between June 2011 and December 2015.

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Monday Morning Accounting News Briefing: PwC India Hiring; CFO Expectations; EY’s Sales Pitch | 8.29.22

Going Concern

One day we could be in the Stamford, Connecticut office and the next we could be in the NYC office—or even at a client’s office. We’ll look back at 2008 and tell you what to expect; Accountants behaving badly; Keeping an eye on LinkedIn for corny intern posts; A WFH protip; Where the f**k are all the auditors!?

Sales 52
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Average Bookkeeper Salary in the United States

Snyder

Department of Labor’s Bureau of Labor Statistics (BLS), bookkeepers and accounting clerks will experience almost a 4% employment decline in the decade 2018-2028, compared to a projected 6,4% increase in accountants and auditors during the same period, which is shown in the table 1. for accountants and auditors, which is almost half fewer.

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Monday Morning Accounting News Brief: AI Will Save Your Job?; Compliance Gets Some Pipeline Blame | 12.18.23

Going Concern

I find that when exposure to restrictiveness is high, there are fewer students majoring in accounting, fewer CPA exam candidates, and fewer accountants and auditors overall. The overall demand for accountants does not decrease when exposure to restrictiveness is higher — however, the nature of the demand for accountants changes. .

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Friday Footnotes: The Profession vs. Gen Z; CPA Firms Get Back to the Office; Deloitte Quits | 6.23.23

Going Concern

Audit “When you are a hammer, the world is a nail” – SEC and PCAOB Senior Staff Signal Increased SEC and PCAOB Gatekeeper Enforcement [ Lexology ] SEC Enforcement and PCAOB Enforcement both are pursuing more significant sanctions against auditors, particularly with respect to civil money penalties. 31 is still not finished.

cpa firm 101
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Smaller Firms Targeted For Big Hauls By Payments Fraudsters

PYMNTS

The action follows a review by auditors that found some sanctions were not followed. In one case that showed how crime does not pay (and, in fact, can cost all parties dearly in Connecticut), a woman agreed to reimbursement to the tune of $1 million. In other cases, holders bought two meals on a single charge.