ThomsonReuters

DECEMBER 27, 2024

This update provides guidance for financial statement reporting, effective for fiscal years beginning after December 15, 2024, requiring crypto assets to be measured at fair value, with changes recognized in net income each reporting period. What should accountants look for in cryptocurrency audit software?

audit

VJM Global

JANUARY 21, 2025

During verification, it was observed that in the Financial statements of the company for 2016-17, 2017-18, and 2018-19, the directors did not mention DIN under their signatures. The RoC imposed a penalty of INR 18,00,000/- (INR 6,00,000/- per year) on company directors for failure to mention DIN on Financial statements.

financial statements

ThomsonReuters

OCTOBER 18, 2024

Statutory reporting is a critical process for multinational corporations, involving the preparation and submission of financial statements to comply with legal obligations across various jurisdictions. Key components of statutory reports include financial statements and ESG disclosures, enhancing stakeholder trust and governance.

Non-Profits

Going Concern

JANUARY 6, 2025

Several accounting firms argued disclosing the metrics to the audit committee of a companys board would be better than making them public for shareholders because that is the committee that ultimately appoints the auditor. As a refresher, these are the metrics the PCAOB wants firms to start reporting: Partner and Manager Involvement.

accountant

Accounting Today

JUNE 16, 2025

EDT 1 Min Read Facebook Twitter LinkedIn Email The Public Company Accounting Oversight Board reported that deficiency rates remain high across examination, review and audit engagements for auditors of broker-dealers. All rights reserved.

audit

Going Concern

FEBRUARY 6, 2025

Securities and Exchange Commission rules and state law offer additional layers of protection in this area, but with private equity investment in non-attest entities becoming more common, the PEEC concluded more clarity is needed, particularly around issues involving auditor independence, portfolio companies and other private equity-related entities.

audit

ThomsonReuters

JULY 21, 2025

These time-consuming activities, while necessary, often consume 60-70% of an auditor’s time, leaving limited capacity for the strategic analysis and business services that truly differentiate exceptional audit professionals. The result?

audit

Analytix Finance & Accounting

JUNE 24, 2025

Meeting tax deadlines. You must also cover benefits, payroll taxes, office space, equipment, software licenses, and ongoing training. Professional accounting firms employ specialists in various areas including tax planning, financial analysis, compliance, and industry-specific regulations. Tracking expenses.

accountant

Going Concern

NOVEMBER 27, 2024

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Real Estate

CPA Practice

DECEMBER 6, 2024

And, you know, I actually talked to talk to bill for a while, the CEO of WSG, about their tax scheduling product in particular at there. It might have been, who knows, but the access tax session that I sent in with Frank was just stunningly well done. I will say that that again. That might have been pandemic delayed.

Technology

Anders CPA

APRIL 29, 2025

Careful documentation and clear communication with your 401(k) plan auditor can help your audit stay on track, but following the best practices below can prevent avoidable issues in the first place. Since youll have financial statement data coming from two different sources, your auditor will need to reconcile and combine them.

payroll

Going Concern

DECEMBER 20, 2024

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Real Estate

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

Going Concern

NOVEMBER 4, 2024

.” Australian federal police officers have commenced a search for documents at the headquarters of PwC Australia in response to the damaging tax leaks scandal. Treasury referred the matter – which relates to the sharing of confidential multinational tax proposals within the firm – to police in May last year.

accountant

Going Concern

OCTOBER 24, 2024

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Real Estate

Going Concern

OCTOBER 17, 2024

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Real Estate

Going Concern

MAY 1, 2025

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Real Estate

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

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

Going Concern

NOVEMBER 21, 2024

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Real Estate

Going Concern

JANUARY 2, 2025

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Real Estate

Going Concern

JANUARY 9, 2025

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Real Estate

Going Concern

JANUARY 17, 2025

Are you having trouble finding remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? TAX CANDIDATES FTE Tax | Candidate ID #23772188 Certifications: CPA in process, EA Education: BBA Accounting and Finance Experience (years): 8+ years experience in tax accounting.

Real Estate

Going Concern

APRIL 24, 2025

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Real Estate

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.

accountant

Going Concern

OCTOBER 25, 2024

Regulator clears four of nine PwC tax agents over leaks scandal [ Australian Financial Review ] The tax agents’ regulator has cleared four of the nine former PwC tax agents it was investigating in the firm’s tax leaks scandal, with five other investigations expected to be finished by the end of the year.

accounting and finance

ThomsonReuters

JANUARY 28, 2025

Amidst the noise, lets separate the hype from reality and explore how GenAI can genuinely enhance an auditors daily life and work. Hype vs reality: GenAI use cases for auditors With its promise of immense benefits and time-savings, todays auditors would do well to explore the opportunities of embracing GenAI.

audit

Going Concern

OCTOBER 31, 2024

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Real Estate

Going Concern

MAY 22, 2025

If your firm or internal team is having a tough time sourcing qualified remote tax and accounting professionals, you’re not aloneand you’re not out of options. Whether you’re looking for talent in tax, audit, accounting, or project-based roles, we’ve got candidates worth your time.

Real Estate

Accounting Today

JULY 7, 2025

Poorly built or inadequately supervised AI agents could cause severe disruption, from misclassifying transactions to fabricating data — not only wreaking havoc on financial statements but fundamentally destroying trust. All rights reserved. In finance and accounting, accuracy and accountability are paramount.

Technology

Basis 365

FEBRUARY 10, 2025

By outsourcing this function, you can gain a clearer understanding of your spending habits and make better financial decisions. Professional bookkeeping services categorize expenses accurately for tax deductions and provide actionable insights into where your money is going.

bookkeeping

Menzies

JULY 14, 2025

Menzies were approached by Touchlight to support the company with a broad range of accounting and tax services. Client’s goals and objectives Touchlight required financial statements that presented a true and fair view ahead of their first audit by a Big Four firm. Touchlight carry out R&D across multiple companies.

corporation tax

Going Concern

JANUARY 30, 2025

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Real Estate

CPA Practice

NOVEMBER 14, 2024

The Financial Accounting Standards Board (FASB) is calling on academics, accountants, auditors, lenders, financial statement preparers, and other stakeholders to provide their views on financial key performance indicators (KPIs). The FASB on Nov.

financial statements

Accounting Today

JULY 3, 2025

Wolters Kluwer adds document summaries, tool directory to CCH AnswerConnect Wolters Kluwer HQ Wolters Kluwer Tax and Accounting (TAA) announced a pair of new features for its CCH AnswerConnect tax research platform. All rights reserved. opens new office in Chattanooga; and more news from across the profession.

Technology

Going Concern

JUNE 27, 2025

MHA “didn’t want to be totally motivated by [earnings before interest, taxes, depreciation and amortisation]”, he said. When Tenon was launched, financial audit could not be carried out by a PLC, so the auditors from the predecessor firms formed an associated partnership known as Blueprint Audit.

audit

Going Concern

APRIL 3, 2025

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Tax