Going Concern

SEPTEMBER 16, 2022

EY fired auditor for not approving illegal transactions, says a new lawsuit [ Reuters ] Ernst & Young LLP has been sued by a former partner who says she was forced out of her job for refusing to sign off on client transactions that violated tax and securities laws. appeared first on Going Concern.

auditor 96

auditor Iowa audit Mississippi 96

CPA Practice

JULY 9, 2023

Advantage Audit is an audit planning aid and audit program series designed to help auditors comply with risk-based professional standards in a straightforward and efficient manner. Tailored specifically for accounting professionals, this technology assists users across all attest areas. AuditFile, Inc.,

audit 111

audit auditor Technology financial statements 111

Cherry Bekaert

MAY 9, 2024

A: An independent third-party auditor typically conducts an overhead rate audit. The auditor should be a qualified accounting professional who is experienced in auditing overhead rates and familiar with the intricacies of A&E accounting. Q: Who conducts an overhead rate audit?

audit 98

audit auditor Transportation Government 98

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 91

Oregon Account accountant accounted 91

Going Concern

AUGUST 31, 2023

Are you struggling to hire remote accountants, auditors, or tax professionals right for your firm or internal team? Gain full access to a pool of highly skilled and experienced remote accountants ready to join your team with Always-On Recruiting. Accountingfly is ready to partner with you!

Account 115

Account accountant accounted CPA 115

Cherry Bekaert

MARCH 6, 2024

Cherry Bekaert’s tax team brings expertise in both industry and public accounting to deliver a tailored solution. At Cherry Bekaert, we tailor our solution to your unique situation in order to best support your finance team. Our specialists can help build a robust plan so you can focus on your business.

Tax 52

Tax accounting principles financial statements income tax 52

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. Seven percent are not sure. Education Sen.

auditor 115

auditor audit cpas Iowa 115

CPA Practice

AUGUST 18, 2023

The Public Company Accounting Oversight Board (PCAOB) permanently revoked the registration of Denver-based accounting firm AJ Robbins CPA on Aug. 17 and jointly fined the firm and its owner Allan Jeffrie Robbins $150,000 for independence and professional skepticism failures, as well as for the improper alteration of documents.

cpa firm 52

cpa firm CPA auditor audit 52

Going Concern

FEBRUARY 9, 2023

For CPAs, accountants, and auditors, busy season sucks. But nearly all of them miss a relatively simple step: Get the flow of documents between you and your clients under control with a document request management solution. The stress can take a serious toll on your personal life, your relationships, and even your health.

auditor 59

auditor cpas public accounting Sports 59

Going Concern

OCTOBER 20, 2023

PKF Mueller Joins Cherry Bekaert to Expand Chicago Market Reach [ PR Newswire ] Cherry Bekaert is pleased to announce the completion of an acquisition transaction with PKF Mueller, a full-service certified public accounting and business advisory firm located in the metropolitan Chicago area.

CPA 111

CPA quickbooks Real Estate auditor 111

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. The SEC approved the standard on Dec.

cpas 116

cpas Account accountant accounted 116

Going Concern

SEPTEMBER 25, 2023

In the indictment that was unsealed on Tuesday, prosecutors allege that Mitchell and Shreiteh allegedly recruited independent business owners, self-employed workers, and other businesses to provide them with personal information, bank statements, and other documents which they then submitted for PPP loans, prosecutors said.

tax preparation 104

tax preparation Gambling Account accountant 104

Going Concern

SEPTEMBER 12, 2023

.” From today’s news release : The Securities and Exchange Commission today charged Alfonse Gregory Giugliano, CPA, the former National Assurance Services Leader at Marcum LLP, a public accounting firm, with failing to sufficiently address and remediate numerous deficiencies in Marcum’s quality control system.

audit 116

audit public accounting auditor Management Consulting 116

CPA Practice

JANUARY 17, 2023

Rather than being constrained towards a single country, accounting credentials such as Certified Public Accountant (CPA), Enrolled Agent (EA) and Certified Management Accounting (CMA) are quickly turning into global designations. . The development of technology is hastening the transformation of the accounting sector.

cma 126

cma CPA accounting and finance public accounting 126

Going Concern

SEPTEMBER 29, 2023

Let’s say they’re in public accounting, and they get assigned to an engagement with a manager or client they don’t particularly like,” asked Maginnis. “Or But too often, young CPAs flee public accounting for what they believe are the greener pastures of industry and miss out on that learning and development.

accounting careers 128

accounting careers Account accountant accounted 128

Going Concern

MARCH 22, 2024

Partner Accountability a ‘Gigantic’ but Overlooked Issue in CPA firms, Consultants Say [ INSIDE Public Accounting ] Most firm leaders believe strategic planning is important, but where firms often fall short is execution – particularly when it comes to holding partners accountable.

Minnesota 109

Minnesota cpas audit CPA 109

Going Concern

FEBRUARY 23, 2024

Top Remote Accounting Candidates: February 22, 2024 Law & Order Co-Owner of Media Brokerage Firm Sentenced for Filing False Tax Returns [ Department of Justice ] According to court documents and statements made in court, Susan K. From 2012 to April 2018, according to the criminal information document signed by U.S.

CPA 105

CPA Illinois auditor Iowa 105

Withum

SEPTEMBER 8, 2022

Tonight I will conduct my second Auditing class session of this semester at Fairleigh Dickinson University, and I will be teaching what the auditor’s opinion means and what auditors do to arrive at their opinion. By way of illustration, you can pick any Company’s annual report and follow along with its Auditor’s Report.

accounting principles 119

accounting principles auditor audit financial statements 119

Withum

JULY 12, 2023

If you have been tasked to communicate with the auditors, you are aware of the many emails, phone calls, and documents that flow back and forth from the beginning to the end of the audit. Why these three documents? Promote effective two-way communication between the auditor and those charged with governance.

audit 52

audit auditor Real Estate financial statements 52

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.

audit 52

audit auditor financial statements public accounting 52

Going Concern

APRIL 5, 2024

“No single initiative will solve the profession’s talent shortage,” Sue Coffey, CPA, CGMA, AICPA & CIMA’s CEO–Public Accounting, said in a news release. Finance ] Aitzarelys Negrón, certified public accountant (CPA) and founder of Strategies and T.E.A.,

auditor 98

auditor audit Oklahoma CPA 98

Going Concern

FEBRUARY 17, 2023

A bill for an act relating to certified public accountants; amending standards for required education and experience; amending Minnesota Statutes 2022, section 326A.03, Acceptable experience may be gained through employment in government, industry, academia, or public practice. 03, subdivisions 3a, 6. EFFECTIVE DATE.

Minnesota 119

Minnesota CPA Education cpas 119

Going Concern

JANUARY 26, 2024

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 allows auditors to shift attention to more complex and strategic work, like interpreting results and offering experience-based insights to clients.

Account 119

Account accountant accounted audit 119

Going Concern

NOVEMBER 14, 2023

Although the affiliate found no evidence that the customers were located at the addresses, Komodromos and the engagement team failed to respond appropriately to that and other contradictory audit evidence – or even document the attempted site visits in the workpapers.

audit 116

audit financial statements auditor accounting and finance 116

Going Concern

MARCH 3, 2022

And it’s always the auditors doing the cheating. After working 12-plus hours a day, the last thing these people want to do is watch some annoying training video on their laptop about cybersecurity, auditor independence, ethics, and/or sexual harassment—and then have to answer questions about what they just watched.

auditor 106

auditor audit public accounting Education 106

Going Concern

MAY 5, 2023

We’ll see how those trends unfold overtime as the economy continues to shift,” says Adam Batechlor, chief strategy and innovation officer at the Pennsylvania Institute of Certified Public Accountants (PICPA), which conducted the survey of more than 300 CPA firms in the state with Hinge Research Institute. Richard Blumenthal (D-Conn.)

audit 111

audit cpas auditor Mississippi 111

Going Concern

FEBRUARY 5, 2024

PwC submits homework before Christmas Accounting firm PwC was busy getting its homework into the Tax Practitioners Board before Christmas so its staff could take off on leave without worrying about the regulatory lodgement. The next year he was hired as a staff accountant and worked with audits, reviews and compilations.

Account 64

Account accountant accounted auditor 64

Going Concern

NOVEMBER 10, 2023

They also expect auditors to understand and evaluate processes and controls, analyze transaction-level data for anomalies, and test more data in real-time,” said Scott Flynn, KPMG vice chair—Audit, in a news release. Firm Watch Plante Moran Names New MP [ INSIDE Public Accounting ] Southfield, Mich.-based

audit 118

audit accounting and finance auditor Mississippi 118

Going Concern

JANUARY 19, 2024

ICYMI | Get Ready for the Future of Auditing [ CPA Journal ] The increasing use of technology is changing how businesses operate, which methodology and technology auditors use, and what career paths they follow. I’m an accountant’s dream. I get my tax documents in early. I was livid when my accountant ditched me.

Arizona 94

Arizona accounting and finance audit auditor 94

Going Concern

APRIL 15, 2024

In response, the Public Company Accounting Oversight Board has drafted a rule that the accounting firms can have public trust or private financials—but they can’t have both. Public accounting firms operate in a unique space in our society. But what about the books of the auditor?

audit 64

audit Account accountant accounted 64

CPA Practice

SEPTEMBER 14, 2023

Of the more than 860 SPACs that completed initial public offerings in 2020 and 2021, Marcum audited more than 400 of these transactions. The SEC also noted that in 2019, Marcum was the auditor for only 185 public companies, but by 2022, that number jumped to 575—the majority of them being SPACs.

audit 52

audit auditor accounting firms public accounting 52

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. DT Colombia’s quality control system failed to prevent or detect the violations.

auditor 110

auditor audit New York CPA 110

MyIRSRelief

APRIL 22, 2024

Better Outcomes: Experienced representatives can negotiate more effectively and understand what the auditors are looking for. Here’s how to handle unfiled returns: Steps to Take: Gather Documentation: Collect all necessary financial records. What Should I Do About Unpaid Back Taxes in Corona, CA? Unpaid Back Taxes: Q: I owe back taxes.

Tax 130

Tax payroll tax tax return payroll 130

CPA Practice

MARCH 4, 2024

While it’s unclear what exactly led to the mistakes in each of these cases, one major risk factor has reached crisis levels: a shortage of certified public accountants. The lack of help means current accountants’ hours and workloads can be grueling, upping the odds of mistakes and burnout. “If

Account 78

Account accountant accounted cpas 78

ThomsonReuters

MAY 5, 2022

Over three decades since then, the phrase appears to be a very apt way to describe the Holding Foreign Companies Accountable Act (HFCAA) and the subsequent responses by the SEC and PCAOB. Whether the issuer’s articles of incorporation (or equivalent organizing document) contain a charter of the CCP, including the text of any such charter.

Account 52

Account accountant accounted public accounting 52

Going Concern

APRIL 10, 2023

Whitley Penn struck a deal with the New York attorney general to hand over documents subpoenaed in the state’s $250 million civil suit over the former president’s asset valuations. The New York attorney general sued Whitley Penn last month after the firm said Texas accountant-client privilege protected them from handing over said documents.

Technology 59

Technology Account accountant accounted 59

Going Concern

AUGUST 19, 2022

Biggest Stablecoin Issuer, Tether, Switches Accounting Firm to BDO Italia [ Wall Street Journal ] Tether Holdings the issuer of the world’s largest stablecoin, said on Thursday it switched the accounting firm that signs off on its attestation reports to BDO Italia, the Italian member firm of BDO. Audit: U.K. ” Oh, Reddit.

audit 91

audit auditor accounting firms accounting and finance 91