Going Concern

JANUARY 29, 2024

More on the New York non-CPA ownership bill. In the column he referenced this ancient document (August 1993) entitled “The case for non-CPA owners in CPA firms.” Do firms want non-CPAs to be part of the ownership ranks, or is this strictly a rhetorical question? Let’s read a little bit.

auditor 52

auditor cpa firm Account accountant 52

CPA Practice

JANUARY 17, 2024

An insightful takeaway from 2023 is that for CPA firms and entities handling the intricate world of ongoing lease accounting this becomes even more critical. The Importance of Automation ASC 842 and GASB 87/96 necessitate seamless collaboration across CPA firms and their clients.

Technology 59

Technology Account accountant accounted 59

ThomsonReuters

JANUARY 12, 2023

Essentially, the work completed by an accountant is certified by an auditor. . The purpose of conducting an audit is to obtain an independent opinion about a company’s financial statements. This opinion provides insight into whether the company’s reports and financial statements are accurate and reliable. .

audit 59

audit auditor Account accountant 59

Going Concern

SEPTEMBER 29, 2023

” The updated version, issued on September 28th, removes problematic language which could be construed as indicating that internal auditors are not inherently trustworthy and unable to exercise due care in the performance of their duties. And CPAs in this space know what that means in terms of legal exposure.

auditor 109

auditor audit New York CPA 109

Going Concern

MAY 2, 2024

Struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can help! With our Always-On Recruiting service, access a pool of skilled remote accountants without any upfront costs. Sign up now to see the complete candidate list and connect with potential hires.

Real Estate 57

Real Estate Account accountant accounted 57

Going Concern

MAY 26, 2023

Audit Bitcoin Miner Riot Dumps Auditor for ‘Big Four’ Accounting Firm [ Blockworks ] Riot Platforms is looking to switch accounting firms as the landscape for crypto company auditors remains in flux. Marcum had audited Riot’s consolidated financial statements for the fiscal years between 2018 and 2022.

public accounting 102

public accounting Account accountant accounted 102

Going Concern

JANUARY 8, 2024

Refresher: Municipalities across the US are at risk of having their credit ratings downgraded or withdrawn by S&P Global Ratings because staffing shortages have delayed financial disclosure documents. That’s the most since at least 2018, and materially higher than the prior five-year average of 95 such moves, according to S&P data.

Wyoming 125

Wyoming audit Government Montana 125

Going Concern

FEBRUARY 27, 2023

In an article titled “Interactive Auditor-Client Negotiations: The Effects of the Accumulating Nature and Direction of Audit Differences” a team of researchers further examined what happens during these discussions and how the negotiations can affect the magnitude of audit adjustments made to financial statements.

Technology 104

Technology Account accountant accounted 104

ThomsonReuters

MARCH 16, 2023

The key is bringing together their strengths to help firms stay ahead of the curve. The reality is that the face of audit is changing , and today’s auditors are expected to be well-versed in a variety of disciplines. T he modern auditor must bridge the gap between business insights and innovative technology.

Technology 59

Technology audit auditor Maine 59

Going Concern

FEBRUARY 9, 2024

However, the professional services firm refused, after claiming the report contained privileged and confidential information. 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.

Technology 101

Technology Colorado audit cpa firm 101

Going Concern

NOVEMBER 11, 2022

‘There’s definitely an accountant shortage out there’: MBAs have become the go-to degree and companies are struggling to hire enough CPAs [ Fortune ]. Many auditors responding to the FERF study noted an increase in effort by their teams (68%). Vatican’s former audit chief launches €9.3mn legal case over dismissal [ Financial Times ].

audit 98

audit auditor Louisiana cpas 98

KROST

APRIL 12, 2022

After many years of public comment on the challenges of presenting GAAP financial statements for small businesses, the AICPA issued the Financial Reporting Framework for Small and Medium-Sized Entities. If the cost of your financial statements is greater than the benefits gained. Rebecca Hickle, CPA , Manager.

accrual accounting 52

accrual accounting financial statements accounting and finance auditor 52

Withum

DECEMBER 12, 2023

This experience puts them at the top of most companies’ list when considering a firm to perform the third-party audit of their ESG and climate reporting. Regulation: Many of the world’s most far-reaching climate regulations require assurances from pre-approved third-party auditors.

audit 59

audit cpas Account accountant 59

Going Concern

JUNE 23, 2023

Office Hours: CPA Firms Shift Toward More In-Person Collaboration and More Square Footage [ INSIDE Public Accounting ] Three years after accounting professionals were forced home by COVID and then back to the office, at least part of the time, firms are beginning to settle into a new normal. 31 is still not finished.

cpa firm 104

cpa firm CPA auditor North Carolina 104

Going Concern

MARCH 1, 2024

On June 6, 2023, the PCAOB issued for public comment a proposal ( PDF ) that would amend PCAOB auditing standards related to the auditor’s responsibility for considering a company’s NOCLAR, including fraud. The regulator, which compiles its findings with a lag, inspected 215 audits conducted by the Big Four accounting firms in the U.S.

audit 109

audit Nebraska auditor chartered accountant 109

Going Concern

MARCH 17, 2023

The demand for virtual bookkeeping assistants are on the rise, as these professional independent contractors can remotely manage the day-to-day finances of a firm, such as preparing balance sheets. creating general ledgers, organizing financial statements, and handling pricing and invoicing.

Government 96

Government Gambling audit CPA 96

Going Concern

JANUARY 26, 2024

AI Is your firm keeping pace? 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. This survey reflects many of the challenges that professionals in CPA firms of all sizes are currently facing.

Account 117

Account accountant accounted audit 117

Anders CPA

DECEMBER 7, 2023

Terrell (00:01:59) – I didn’t want to be an auditor. There is a need here for non-finance professionals that need help understanding the numbers, and I just followed that path and eventually started my own firm to really focus on that, helping non-finance professionals understand the numbers and how it impacts their decisions.

Finance 52

Finance accounting and finance Start-ups Non-Profits 52

Going Concern

APRIL 8, 2022

CPA firms show progress in diversity amid pipeline challenges [ Journal of Accountancy ] The AICPA finally got around to releasing their 2021 Trends report, which we’ll dissect shortly. in 2020) in the portion of new accounting graduate hires at CPA firms who are ethnically diverse. in 2018 to 34.7%

Iowa 52

Iowa auditor cpa firm CPA 52

Going Concern

AUGUST 4, 2023

Less than 1% of firms can find enough staff [ Accounting Today ] Relatively few CPA firms are able to find enough employees to fill their ranks and are resorting to strategies like hiring workers abroad, raising starting salaries, offering fully remote jobs, and hiring staff who haven’t graduated college, according to a new survey.

cpa firm 98

cpa firm CPA accounting firms accounting and finance 98

Going Concern

FEBRUARY 24, 2023

More than 90% point to hiring and retaining skilled accountants and auditors. That’s the finding of two newly released reports by leading software provider Caseware International, which surveyed more than 6,000 accountants and auditors globally. actions involved 19 auditors and audit firms in seven countries outside the U.S.”

Technology 104

Technology audit Healthcare auditor 104

Going Concern

MARCH 15, 2024

Social compliance audits have become a multibillion-dollar global industry, as corporations hire firms—sometimes confidentially—to perform hundreds of thousands of workplace safety inspections each year and solve potential public relations issues when supply chain or labor matters surface.

auditor 113

auditor audit cpas Iowa 113