ThomsonReuters

MARCH 17, 2025

As financial reporting complexities grow, firms must adapt their methodology and maintain clear, detailed records that demonstrate compliance with these evolving standards. With step-by-step procedures, practical checklists, and real-world examples, auditors at all levels can navigate complex engagements with confidence.

audit

CPA Practice

DECEMBER 6, 2024

Now, again, as we record this, there has been in the last 48 hours, an injunction from a court in Texas that that has suspended, that has enjoined the I guess, that enjoined the government from from enforcing the need to file the boi information this year. Were recording this on December 6. You need to pay attention to the news.

Technology

Going Concern

DECEMBER 20, 2024

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Real Estate

Going Concern

NOVEMBER 22, 2024

Audit Large Accounting Firms Will Have to Submit Financial Statements to U.S. Regulator [ Wall Street Journal ] Large accounting firms will have to submit financial statements annually to the U.S. Regulator [ Wall Street Journal ] Large accounting firms will have to submit financial statements annually to the U.S.

auditor

CPA Practice

NOVEMBER 7, 2024

Proposal 2025 Auditor Reporting in Specified Circumstances Consider updates to AS 3105, Departures from Unqualified Opinions and Other Reporting Circumstances , and other interim standards in the AS 3300 series.

auditor

Going Concern

OCTOBER 11, 2024

News AICPA moves to amend financial statement standard [ CFO Dive ] Well this is a BFD! The firm now uses the Italian arm of global auditor BDO to produce quarterly attestations of its stablecoin reserves. As of Aug. 1, BDO reported that Tether had $118.4 billion in reserves and $5.3 billion in excess reserves.

audit

Going Concern

OCTOBER 14, 2024

Writes Religion Unplugged : Responding to a lawsuit accusing Dallas-based Gateway Church of financial fraud, Gateway Elder Tra Willbanks assured congregants over the weekend that the church has “independently audited financial statements since 2005.” We don’t view AI as a substitute for auditors,” Shimek explained.

accounted

Going Concern

OCTOBER 24, 2024

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Real Estate

Going Concern

OCTOBER 17, 2024

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Real Estate

CPA Practice

NOVEMBER 25, 2024

He joined the Governmental Accounting Standards Advisory Council (GASAC) in 2011 as a representative of the Government Finance Officers Association (GFOA) and served as chair from 2015-2021. She is the former Colorado state auditor, having served in that role for 10 years. Prior to becoming a state auditor, Ms.

Wisconsin

Going Concern

JANUARY 2, 2025

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Real Estate

Going Concern

OCTOBER 25, 2024

The Tax Practitioners Board, which regulates the country’s tax agents, told parliament on Thursday it is still investigating links to overseas partners who received confidential government information as part of its ongoing inquiries into potential wrongdoing by former PwC Australia personnel. ” NYC handed out $6.5

accounting and finance

Going Concern

MAY 22, 2025

TAX & ACCOUNTING CANDIDATE FTE Tax and Accounting Senior | Candidate ID #24262733 Certifications: CPA Education: BBA Accounting and Finance Experience (years): 14+ years of tax and accounting experience Work experience (detail): 7+ in public accounting Tax preparation and review for SMBs and HNWIs Tax planning and projections, client financial (..)

Real Estate

Going Concern

FEBRUARY 13, 2025

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accounted

SMBAccountant

JULY 14, 2020

One of the most common errors made by executives in a small startup is assuming that the reporting basis for accurate financial statements can be changed by clicking the single button at the top of the QuickBooks report. The issue is that auditors don’t arrive only after the fiscal year has been closed.

Government

Going Concern

SEPTEMBER 20, 2023

note: This post brought to you by the Big Government Auditing lobby. Just kidding, it’s a guest post from Parker Skaats, CPA, an experienced government worker who’s here to pitch the joys of government work to the unwashed overworked masses. Enter the world of government auditing. But government gigs?

Government

SMBAccountant

JULY 14, 2020

One of the most common errors made by executives in a small startup is assuming that the reporting basis for accurate financial statements can be changed by clicking the single button at the top of the QuickBooks report. The issue is that auditors don’t arrive only after the fiscal year has been closed.

Government

Going Concern

MARCH 8, 2023

The Financial Reporting Council has fined PwC £7.5 Babcock conducts most of its business with the government, particularly the Ministry of Defence (don’t @ us, that’s how they spell it across the pond). million ($8.9 The FRC’s investigation into PwC’s work on the FY2019 and FY2020 Babcock audits is ongoing.

audit

Going Concern

MARCH 24, 2023

The federal government levies taxes on collectibles held for more than a year at a top rate of 28%. EY, KPMG and the fallout of two accounting scandals [ Financial Times Opinion ] It is not just shareholders that have become ever more cautious in the wake of one of Europe’s largest accounting scandals. Auditors have done so too.

auditor

Going Concern

JULY 31, 2023

Market concentration in the consultancy industry came to a head this year after it was revealed PwC partners had misused information by passing on confidential Federal Government information to clients, sparking the sale of its consulting business to Allegro Funds to $1. It’s very important for our economy that we have proper audit,” he said.

auditor

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. The firm works with the local governments to compile information for the audit throughout the year.

Wyoming

ThomsonReuters

MAY 16, 2024

The Public Company Accounting Oversight Board (PCAOB) has recently adopted a significant new auditing standard, AS 1000, titled “ General Responsibilities of the Auditor in Conducting an Audit.” AS 1000 updates key auditor responsibilities, emphasizing their role in protecting investor interests with independent reports.

auditor

Cherry Bekaert

MAY 9, 2024

For many architecture and engineering (A&E) firms, overhead rate audits are a critical aspect of financial management since they can be a great way for firms to recoup incurred costs necessary to run their business from the government. A: An independent third-party auditor typically conducts an overhead rate audit.

audit

ThomsonReuters

DECEMBER 6, 2022

The spotlight on environmental, social, and governance (ESG) continues to intensify as businesses are increasingly being called upon to disclose more about their ESG performance and strategies. Risks and opportunities related to ESG matters may have an unfavorable, favorable, or neutral effect on financial statements.

auditor

TaxConnex

JULY 6, 2023

Government Accountability Office’s “Remote Sales Tax: Federal Legislation Could Resolve Some Uncertainties and Improve Overall System,” issued late last year. A customer undergoing their own audit might reveal one of your invoices, with the auditor possibly contacting you for a certificate of exemption or other documents.

auditor

CPA Practice

SEPTEMBER 5, 2024

Another operational trigger may include businesses with significant or rapidly growing revenue, as they have a higher potential for tax calculation errors and typically engage in more complex financial practices such as international sales transactions. 2023 saw an unprecedented 5.5

audit

Going Concern

APRIL 30, 2024

It’s been almost six years since the Canadian government legalized recreational cannabis and ever since, a microcosm of financial reporting and auditing has been growing (no pun) beside it. Note that many companies switched auditors so not all fees listed went to the current auditor.) billion Canadian dollar ($3.7

auditor

Going Concern

OCTOBER 27, 2022

.” The administrators, whose job it is to find some funds to repay NMC creditors, say EY auditors did not detect that NMC’s accounts were fraudulently misstated to the tune of a couple billion dollars. “Whose statements are these? EY says that wasn’t their job.

audit

CPA Practice

SEPTEMBER 12, 2024

Accountants, comptrollers, auditors and investigators cannot review every movement of every penny across thousands of transactions and countless accounts. The Government Accountability Office reported that confirmed government fraud totaled $4.5 As a result, fraudsters can get away with even the simplest schemes.

forensic accounting

PYMNTS

JANUARY 2, 2020

Several high-profile corporate collapses and initiatives from corporate accounting standard-setters have raised questions about businesses’ use of supply chain finance and whether the trade finance tool prevents investors and auditors from gaining a transparent view into company finances.

auditor

Going Concern

MARCH 17, 2023

creating general ledgers, organizing financial statements, and handling pricing and invoicing. The rival operatives, who spoke on condition of anonymity, say the leaks scandal gave the Greens and the Labor government an excuse to scrutinise their public sector work yet again. The rule would make the U.S.

Government

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

Going Concern

NOVEMBER 24, 2023

.” Lera Kooper, Firm Director and Co-owner of Accountability Services, echoed this sentiment, stating, “This merger represents an exciting expansion of expertise and resources, reaffirming our commitment to building strategies beyond financial statements for our clients.”

auditor

Going Concern

JUNE 23, 2023

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

CPA Practice

FEBRUARY 17, 2023

Checkpoint Engage Single Audit streamlines the error-prone single audit process with step-by-step in product guidance, enabling accounting professionals to comply with both their professional standards and government requirements, while confidently and efficiently performing these audits.

auditor

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.

auditor

CPA Practice

JULY 23, 2024

The proposed ASU is expected to (1) reduce the cost and complexity of evaluating whether these contracts are derivatives, (2) better portray the economics of those contracts in the financial statements, and (3) reduce diversity in practice resulting from changing interpretations of the existing guidance,” the FASB said.

accounted