Going Concern

SEPTEMBER 29, 2023

What CPAs can learn from Smucker’s [ Accounting Today Voices ] J.M. ” 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.

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auditor audit New York CPA 109

Going Concern

DECEMBER 1, 2022

The authors compared accounting degrees to computer science degrees completed in the state of New York between 2010 and 2020 which is how we ended up with this chode. According to NASBA, as of August 2022, there are 665,612 licensed CPAs covering 54 jurisdictions (NASBA 2022). Let’s be real, that’s a huge reason.

accounting degree 62

accounting degree Account accounted accountant 62

CPA Practice

JULY 17, 2024

With fewer young people entering the profession and an increasing number of baby boomers, who account for three-quarters of CPAs, heading for retirement, a Bloomberg analysis of data from the Bureau of Labor Statistics found that there are 340,000 fewer accountants than there were five years ago. Other VCs would seem to agree.

Account 124

Account accounted accountant Technology 124

Going Concern

MAY 20, 2024

Thanks to the widespread distribution efforts, 7,780 accounting students, graduates, and young professionals under the age of 35 who were pursuing or had pursued accounting degrees and careers—including CPAs and non-CPAs—completed the survey, including 3,287 full- or part-time students. TL;DR It’s about time!

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audit auditor Account accounted 104

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

JANUARY 29, 2024

This is part of why New York Governor Kathy Hochul’s recent signing of “non-CPA ownership” into law is such a big deal. 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.”

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auditor cpa firm Account accounted 52

Going Concern

MAY 15, 2023

Virginia Society of CPAs is tackling the question “ is 150 too many? ” For nearly the past two decades, prospective CPAs in Virginia have had to undertake 150 hours of education before becoming licensed. But a declining CPA pipeline has accountants asking: Is the 150 now a barrier to becoming a CPA?

Account 52

Account accounted accountant cpas 52

Going Concern

MAY 26, 2023

Long Read How a Pandemic-Era Program Became a Magnet for Fraud [ New York Times ] Amid the onset of the pandemic in 2020, as large swaths of the economy went into lockdown, Washington set up various programs to help keep businesses and their workers afloat. Have a safe Memorial Day. million over a decade.

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public accounting Account accounted accountant 102

Going Concern

SEPTEMBER 22, 2023

The New York resident found accounting work monotonous, with little room for creativity or growth, and maximum salaries weren’t as high as he would have liked. The AICPA often cites that the large pool of retiring Baby Boomers will leave a gaping hole in the supply of experienced CPAs.” .” Ruh-oh.

Account 113

Account accounted accountant CPA 113

Going Concern

DECEMBER 5, 2022

In an article for CoinDesk , Francine McKenna took a crack at why the FTX debacle happened, and like she always does when there ’s really bad accounting at a company going through a financial crisis, who are/were the auditors: It’s not clear why FTX commissioned two different audit firms to audit its 2020 and 2021 financial statements.

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audit auditor financial statements public accounting 52

CPA Practice

FEBRUARY 28, 2023

The American Institute of CPAs (AICPA) and CPA.com announced its 2023 Startup Accelerator cohort at a kick-off meeting held at AICPA headquarters in New York. Audit Sight – The company’s platform eliminates manual work for auditors, diligence and private equity providers by automating financial transaction verification.

E-commerce 52

E-commerce Technology Texas cpa firm 52

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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audit Minnesota Account accounted 62

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. Businesses will continue to need greater numbers of accounting professionals. and NetEase Inc.,

audit 104

audit Account accounted accountant 104

Going Concern

JULY 10, 2023

New to Crain’s top 25 is New York-based KPMG. Other leading accounting firms such as New York-based Deloitte and Ernst & Young also reported upticks in their Chicago headcounts. On average, these 25 employers, which are headquartered outside the city, only saw local employment grow by 0.3%

Account 97

Account accounted accountant CPA 97

Going Concern

OCTOBER 1, 2022

Years-long trend of consolidation reaches city’s largest accounting firms [ Crain’s New York Business — subscription ]. At trial, Vatican auditor says he was shocked by misuse of funds [ Catholic News Service ]. Firm Watch. 5), which merged with Friedman in September.

Non-Profits 98

Non-Profits audit auditor public accounting 98

Going Concern

SEPTEMBER 22, 2023

Michael Harlow to Lead Cannabis Practice at CohnReznick [ INSIDE Public Accounting ] New York-based IPA 100 firm CohnReznick LLP (FY23 net revenue of $920 million) has named Michael Harlow as leader of its cannabis industry practice. Both Mendlowitz and his father, also a CPA, attended the CUNY school.

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audit accounting and finance Virginia auditor 107

Going Concern

MARCH 4, 2022

Meanwhile on Twitter, our friend Sam Antar is still roasting the KPMG auditors (well, technically Peat Marwick) who let the Crazy Eddie fraud slip through their horny little fingers: Two hookers and an auditor. in Tax Season ‘Chaos’ [ New York Times ] At the Internal Revenue Service’s sprawling Kansas City, Mo.,

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audit Kansas auditor bookkeeping jobs 91

Going Concern

JULY 28, 2023

Upon graduation, Mr. Seidman joined the accounting firm of Apfel and Englander and thereafter enrolled in night school at New York University, where he earned a law degree and served on the law review. He was drafted into the army in 1952 and returned to the accounting firm in 1954. appeared first on Going Concern.

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Gambling audit Technology accounting firms 98

Going Concern

OCTOBER 11, 2024

News AICPA moves to amend financial statement standard [ CFO Dive ] Well this is a BFD! As part of its settlement with the New York attorney general, Tether agreed to submit quarterly reports on its reserves for two years. However, since Tether is not based in the U.S. As of Aug. 1, BDO reported that Tether had $118.4

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audit Technology Texas accounting firms 57

Going Concern

JANUARY 6, 2023

“When you have a massive financial collapse like FTX, there are going to be many, many institutions—and perhaps individuals—who allegedly profited improperly along the way,” said Samuel Issacharoff, a New York University law professor. Money Diary: A Senior External Auditor On 54k [ Refinery29 ]. Firm M&A.

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cpa firm CPA New Hampshire Ohio 52

Going Concern

AUGUST 18, 2023

But after TSG noticed a declining return on its investments, the firm hired an independent auditor to look into how 20th Century was calculating its share, the suit says — and “what the auditors found in sampling just three of the 140+ films at issue was clear evidence of Hollywood Accounting.”

Account 98

Account accounted accountant accounting and finance 98

Going Concern

MAY 17, 2023

High school students in the state of New York have the chance to participate in the Career Opportunities in the Accounting Profession program this summer, the deadline to apply is Friday, June 23, 2023 at 11:59pm which you can do at this link. The program provides real insight into how CPAs influence the business world.

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New York Account accounted accountant 98

CPA Practice

MAY 24, 2024

So I started out teaching CPA, my first teaching job actually was the teaching CPA review in January of 1997, with Becker, and I worked with them till about 2013. And then starting about 2015, or 16, I did some work with Jaeger CPA review, including going to the the CPA exam provider meeting in New York, at AICPA.

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CPA Technology Account accounted 78

Going Concern

MARCH 8, 2024

District Court for the Southern District of New York said. Auditors must respond appropriately when they encounter warning signs,” said PCAOB Chair Erica Y. banks and had long audited Long Island-based New York Community. Williams, “The PCAOB will not hesitate to take action when investors are put at risk.”

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audit auditor New York Legal 99

Going Concern

OCTOBER 9, 2023

appeals court on Friday revived a single claim in an investment analyst’s lawsuit accusing Bank of New York Mellon Corp of improperly sharing a valuation tool he created with Deloitte, allowing the consulting firm to reverse-engineer his work. A three-judge panel of the New York-based 2nd U.S.

Account 67

Account accounted accountant Iowa 67

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. Debunking common myths about auditors, auditing [ The Journal Record ] The people of Oklahoma get a lesson on what audit is.

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Government Gambling audit CPA 97

Going Concern

MAY 6, 2022

The authors posit that one significant factor driving the gender gap in the accounting profession originates with the Uniform CPA Examination. Accordingly, a discrepancy in CPA exam success would indicate a gender gap that arises early in one’s career. billion claim against Big Four auditor EY for alleged negligence.

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auditor audit CPA Real Estate 52

Going Concern

JANUARY 26, 2024

But federal monitoring is making a comeback under new leadership. 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. company, in a process riddled with conflicts of interest. AI Is your firm keeping pace?

Account 117

Account accounted accountant audit 117

Going Concern

FEBRUARY 23, 2024

Q: What advice would you give your student working on their first project as qualified auditor? Bowers CPAs & Advisors Makes a Pair of Rochester Moves [ Central New York Business Journal ] Syracuse–based Bowers CPAs & Advisors says it has acquired a Rochester accounting firm and has also relocated its Rochester office.

CPA 104

CPA Illinois auditor Iowa 104

Going Concern

DECEMBER 9, 2022

Britain’s biggest companies and their auditors are playing a £10bn game of musical chairs. Mandatory auditor rotation was introduced by the EU in 2016, aimed at eliminating supposed cosiness between companies and auditors. Companies “would need to continually educate new auditors on their businesses and risks”, it added.

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CPA Florida auditor audit 98

Going Concern

APRIL 8, 2022

Polymetal International’s Auditor Deloitte Resigns Citing Russian Operations [ MarketWatch ] Polymetal International PLC said Friday that its auditor Deloitte LLP has resigned with effect from April 7 as it won’t be able to carry out the audit process as most of the company’s assets and operations are in Russia.

Iowa 52

Iowa auditor cpa firm CPA 52

Going Concern

SEPTEMBER 13, 2024

SEC as EQCF: Statement on Public Company Accounting Oversight Board; Notice of Filing of Proposed Rules on a Firm’s System of Quality Control and Related Amendments to PCAOB Standards [ Statement by SEC Commissioner Hester Peirce ] Auditors play a critical role in maintaining healthy capital markets. Talent HEY, EMPLOYERS! The Future!

Kansas 104

Kansas audit auditor CPA 104

Going Concern

JANUARY 13, 2023

The Abradin association said it was denouncing Americanas for what it called a “multi-billion fraud,” while also asking regulator CVM to investigate the retailer’s auditor, PwC. Trump’s Company Gets Maximum Punishment for Evading Taxes [ New York Times ]. Are midcareer CPAs happy in your firm?

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audit Account accounted accountant 104

Going Concern

AUGUST 25, 2023

Adventist Auditors Gather in Copenhagen for Spiritual and Professional Renewal [ ANN ] Maryland legend Tom Hood was there! to the new position of chief growth officer. Former Auditor at Newport Beach Commercial Real Estate Agency Pleads Guilty to Embezzling More Than $2.7

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tax preparation CPA Illinois payroll tax 98

Going Concern

MARCH 15, 2024

The New York-based company extended its 125,000-square-foot lease at 55 Second St. Audit The auditor’s role in supply chain due diligence [ Compliance Week ] A recent New York Times report detailed alleged examples of migrant children working for U.S. through September 2026, a spokesperson confirmed.

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auditor cpas audit Iowa 113

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.” million in 2023 while generating total revenues of $4.1

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auditor audit Oklahoma CPA 102

Going Concern

NOVEMBER 25, 2022

According to the FRC, it found serious failings in the reviewed audit, which demonstrated a “significant departure from the standards expected of a registered auditor”. The Financial Reporting Council (FRC) has published a new report setting out examples of good practice to improve auditor scepticism and challenge.

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audit Account accounted accountant 98