Going Concern

MAY 19, 2023

Audit Crypto’s Most Influential Companies Often Follow Their Own Rules — Even After FTX’s Collapse [ Bloomberg ] Bloomberg News surveyed 60 major crypto companies in the first quarter — spanning the breadth of exchanges, mining companies, analytics businesses and token issuers — to gauge the state of governance and controls in the sector.

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Going Concern

DECEMBER 8, 2023

Expand the accounting pipeline with a mentorship circle [ Journal of Accountancy ] At a time when the CPA pipeline is running slow, mentoring can be a powerful tool to recruit potentially interested students into accounting and guide them to careers in the profession. 15, when money will be sent out to county governments and other localities.

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Going Concern

MARCH 15, 2024

The NYT report’s focus was that private auditors from large firms failed and consistently missed child labor law violations. Auditors moved quickly and left before children arrived for overnight shifts, or they were not sent where minors worked. Fifty-one percent oppose the proposal, compared with 43% who are in favor. Education Sen.

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Going Concern

APRIL 7, 2023

Big Four Auditors and Consultants Need Liability—And a Divorce [ Bloomberg Tax ] Part of the problem is the revolving door of personnel between the major accounting firms and the banks they purport to audit. and overseas” seeking further explanation about the auditor’s opinion. appeared first on Going Concern.

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Going Concern

AUGUST 12, 2022

Hold Auditors Accountable for Complicity in Corporate Fraud [ Bloomberg Tax ] Unfortunately, since the fall of Arthur Anderson in the wake of the Enron scandal, the SEC and PCAOB have often failed to go after auditors playing fast and loose with the rules. Here’s how recruiters and career experts recommend that you proceed.

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Going Concern

JUNE 7, 2023

Late filings aren’t terribly uncommon in the world of government entities but the delays are piling up and retirements of an aging workforce in the public sector aren’t helping. The state associations of finance officers and CPAs can play a key role in working with their state universities and the national affiliates.

Government 52

Government accounting clerk Account accountant 52

CPA Practice

MAY 18, 2023

There’s plenty of accounting jobs out there that need to be filled— more than 300,000 accountants and auditors have left the profession in the past few years. The plan, which builds on earlier drafts to create a nationwide CPA pipeline strategy, will be presented next week at the spring meeting of the AICPA’s governing council.

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LSLCPAs

FEBRUARY 27, 2024

However, the feeling is often eased with familiarity of the process, familiarity with your Agency’s operations, and familiarity with your auditors. We (the auditors) like to think of them as even enjoyable! Urgent Audit Compliance Deadline March 31, 2024 appeared first on LSL CPAs.

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Going Concern

MAY 13, 2024

We moved the requirements addressing the engagement partner’s responsibility for due professional care into a separate paragraph to highlight the important role engagement partners play and to help draw a distinction between the responsibilities applicable to all auditors and those that are incremental for engagement partners.

Oregon 79

Oregon Account accountant accounted 79

Going Concern

NOVEMBER 24, 2023

Boulder Valley CPAs and Accountability Services Announce Strategic Merger [ EIN Presswire ] Ernie Villany, Founder and Managing Partner of Boulder Valley CPAs, remarked, “We’ve invested significantly to transition our business model to become the proactive strategic advisors our clients need. .”

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Going Concern

APRIL 29, 2022

4 Ways CPAs Can Explain the Tax Benefits of Direct Indexing to Clients [ Parametric ] Let’s unpack what CPAs should know about direct indexing from a tax perspective—and explore some unique and effective methods for explaining it to your clients. Less work for EY auditors? have quit or stopped all client work.

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auditor audit Account accountant 52

Going Concern

FEBRUARY 23, 2024

Q: What advice would you give your student working on their first project as qualified auditor? A senior ASIC officer also told the hearing the governance structures put in place by the firms – such as PwC promising to apply ASX corporate governance principles to its operations – were unenforceable by the regulator.

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ThomsonReuters

JUNE 28, 2023

When you look at ESG through the lens of a tax and accounting firm, reporting on environmental, social, and governance factors is enabled by data. The ability to report on environmental, social, and governance factors is enabled by data. What are the challenges of ESG data collection? Help your clients develop measurable ESG targets.

Tax 98

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Going Concern

MARCH 22, 2024

The decision will likely set up another showdown with Australian politicians who have strongly criticised the firm for not sharing the report, and frustrate government departments that have believe it should be shared. Atlas CPAs and Advisors undercut the Utah-based auditing firm by $12,000. Movers and Shakers Jackson M.

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CPA Practice

MAY 23, 2024

Carla McCall, CPA, CGMA, Managing Partner of AAFCPAs , is the new Chair of the American Institute of CPAs (AICPA). Separately, Barry Melancon, CPA, CGMA, recently announced his upcoming resignation from the positions of president and CEO of the AICPA, which he has held for nearly 30 years.

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CPA Practice

MARCH 13, 2024

A Minnesota legislative committee advanced a bill in the state Senate on March 7 that would add an alternative pathway to CPA licensure while also maintaining the 150 credit-hour option. It has instead created artificial barriers for Minnesotans to become CPAs. This is harming smaller organizations that can’t find CPAs.

Minnesota 52

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Going Concern

MAY 5, 2023

Entry-level CPAs in advisory practices are making $11,000 more than CPAs starting out in audit and tax, and $20,000 more than non-CPAs in advisory. The report says CPAs are generally paid more than non-CPAs, but the pay gap between the two shrinks when moving from entry-level to the manager level.

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CPA Practice

DECEMBER 2, 2023

Governmental: Tailored to the unique needs of government entities, this module provides tools and resources aligned with GASB standards, enhancing the effectiveness and reliability of governmental audits. we are committed to empowering auditors with the best tools and technology.” Founded by CPAs in 2011, AuditFile, Inc.

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CPA Practice

NOVEMBER 13, 2023

will be entering the Buffalo market when a deal to acquire Szymkowiak & Associates CPAs and its sister firm PEAR Consultants closes next month. Top 50 accounting firm Cohen & Co. All professionals of Szymkowiak and PEAR Consulting, which share an office in Buffalo, will join Cohen & Co. after the deal becomes final.

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Going Concern

MARCH 1, 2024

Deloitte examines the future role of the government [ Channel Daily News ] Of course that’s Deloitte’s strong view, they stand to profit from it. If adopted, the proposal would strengthen auditor requirements to identify, evaluate, and communicate possible or actual noncompliance with laws and regulations.

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MyIRSRelief

OCTOBER 28, 2022

The CA FTB is made up of three individuals that hold specific positions in the state government. During the audit, the CA FTB auditor is looking to find anything on your tax return in the case of an individual or the review of your books & records in the case of a business.

California 130

California audit Tax income tax 130

Going Concern

FEBRUARY 16, 2024

Bill would let private CPAs, not state auditor’s office, audit state agencies [ Radio Iowa ] Senator Mike Bousselot, a Republican from Ankeny, IA seems to think letting CPA firms audit government books instead of the state auditor will fix the accountant shortage somehow? Year-on-year growth of 16.4%, including 13.3%

Real Estate 103

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CPA Practice

NOVEMBER 15, 2023

The American Institute of CPAs and the Chartered Institute of Management Accountants, which together form the Association of International Certified Professional Accountants, are offering a virtual conference on sustainability and environmental, social and governance matters this December.

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Going Concern

SEPTEMBER 29, 2023

What CPAs can learn from Smucker’s [ Accounting Today Voices ] J.M. 75% of companies unprepared for coming ESG audits: KPMG [ CFO Dive ] Three out of four companies worldwide are unprepared for regulations coming into force next year requiring outside audits of environmental, social and governance policies, KPMG said.

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Going Concern

APRIL 12, 2024

ICYMI: These are the most-read articles on Going Concern this week: Tax Preparer Finds Out in the Worst Way Possible That ERC Wasn’t a Free Money Glitch Survey Says: Which Group of Auditors Are Most Satisfied With Their Salaries? the auditor of Tesla Korea, about the company’s financial statements for last year.

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Going Concern

MARCH 17, 2023

“A proposal like this could allow for the reinstatement of credit for more than 15,000 CPA candidates and re-open the door for those candidates to complete their journeys to becoming licensed CPAs. The official focus of the inquiry is about unethical behaviour by consultants engaged in lucrative federal government work.

Government 82

Government Gambling audit CPA 82

Going Concern

APRIL 28, 2023

A recent ban on PricewaterhouseCoopers’ former head of international tax, Peter Collins, acting as a tax practitioner – for attempting to profiteer from confidential information about government plans to combat tax avoidance – has achieved the rare feat of uniting Australia’s warring political parties.

Colorado 103

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Going Concern

FEBRUARY 17, 2023

If I was a society CEO and I had some members who were having trouble hiring CPAs knocking on my door, I would be trying to react. The 150 hour rule is not a dam holding back a flood of people who would become CPAs if only 150 weren’t blocking the way. note: We agree. EFFECTIVE DATE. This section is effective July 1, 2023.

Minnesota 111

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Going Concern

APRIL 5, 2024

Finance ] Aitzarelys Negrón, certified public accountant (CPA) and founder of Strategies and T.E.A., 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.” The Governing Board oversees the CAQ’s strategic agenda and activities.

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CPA Practice

FEBRUARY 28, 2023

CPAs have unquestioned competence, professional judgment and operate within a robust system built with public protection in mind. When companies obtained assurance from a professional accountant, they chose their statutory auditor 70% of the time. Our profession’s role in providing that assurance is crucial.

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Going Concern

JULY 7, 2023

Fixing the Crisis in Accounting [ The CPA Journal ] Related to the above post: Individuals, companies, and professional organizations need to be more intentional in getting young people excited about joining the accounting profession. However, both companies expressed surprise about the firm’s breaches of government confidentiality.

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ThomsonReuters

MARCH 20, 2024

When it comes to Single Audits of local governments, nonprofits, school districts, and HUD engagements, auditors must navigate through a complex set of rules that are constantly changing. Auditors and managers can simultaneously sign off on multiple procedures, quickly check all engagement overviews, and identify missing answers.

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CPA Practice

JANUARY 17, 2024

As standards evolve and regulatory demands intensify, the competition for skilled accountants, advisors and auditors has reached new heights. Traditional CPA and consulting firms’ approaches have become outdated and ineffective. Extensive Expertise: Community of capable CPAs, not recent college graduates.

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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%). Hopefully some of you got the day off. Accounting Firm M&A.

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Going Concern

MAY 26, 2023

PwC to remove staff involved in Australia tax leak scandal from govt work [ Reuters ] PricewaterhouseCoopers (PwC) has agreed to remove staff with links to the leak and use of confidential Australian tax plans from government work, a senior government official told an inquiry on Thursday. Big four consultancies win $1.4

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Going Concern

JUNE 9, 2022

Enrollments in accounting majors and the quantity of newly minted CPAs are both down. The panel identified one potential savior: the “ upscaling ” of the audit experience by mixing in attestation work in the glitz y space of e nvironmental, social, and governance (ESG) attestation. On the drawing board, this sounds like a good idea.

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Going Concern

MARCH 11, 2024

We’ll be doing an article shortly, in the meantime here are some quotes from INSIDE Public Accounting : Bob Cedergren, MNCPA board chair added, “I can tell you from my own experience, through conversations with colleagues throughout the country and the members of the MNCPA, that we have a significant shortage of CPAs. Cloud, Minn.-based

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