CPA Practice

APRIL 9, 2024

In 2023, several states including Maryland and Pennsylvania implemented new green fees; Ohio, Tennessee, and Florida deployed new sales tax exemptions or updated their existing exemptions; and Minnesota brought on new delivery fees. While these are not technically sales taxes per se, they pose similar challenges to indirect tax teams.

Sales 110

Sales Tax Minnesota Tennessee 110

TaxConnex

MARCH 16, 2021

Even the only two states with a state-wide sales tax that have held out from enacting economic nexus – Florida and Missouri – may be edging toward making sellers collect and remit sales tax. One of your customer s undergoing its own sales tax audit might produce one of your invoices, resulting in the auditor possibly contacting you.

South Dakota 142

South Dakota audit Alaska auditor 142

Going Concern

FEBRUARY 12, 2024

Canadian Accountant put out a piece on the auditor shuffle using some Ideagen Audit Analytics data : While the annual data provided to Canadian Accountant by an American data analytics firm always contains a few fascinating odds and ends — and that year was no different — the most recent data available presented a mystery.

auditor 71

auditor Account accountant accounted 71

CPA Practice

APRIL 25, 2024

In 2023, several states including Maryland and Pennsylvania implemented new green fees; Ohio, Tennessee, and Florida deployed new sales tax exemptions or updated their existing exemptions; and Minnesota brought on new delivery fees. While these are not technically sales taxes per se, they pose similar challenges to indirect tax teams.

Sales 52

Sales Tax Minnesota Tennessee 52

CPA Practice

APRIL 22, 2024

In 2023, several states including Maryland and Pennsylvania implemented new green fees; Ohio, Tennessee, and Florida deployed new sales tax exemptions or updated their existing exemptions; and Minnesota brought on new delivery fees. While these are not technically sales taxes per se, they pose similar challenges to indirect tax teams.

Sales 52

Sales Tax Minnesota Tennessee 52

Going Concern

SEPTEMBER 25, 2023

Court records show that Urban is currently in custody in Florida, serving a prison sentence for defrauding a previous employer of more than $283,000, and using the embezzled money to pay for court-ordered restitution for a prior embezzlement.

tax preparation 105

tax preparation Gambling Account accountant 105

Going Concern

APRIL 3, 2023

EY fined, banned from some audits in Germany over Wirecard scandal from Reuters : Germany’s accounting watchdog on Monday handed the 2016-2018 auditor of Wirecard, named in the company’s annual reports as EY, a 500,000 euro fine ($541,650.00) and banned it from taking on new audits for companies of public interest for two years.

auditor 52

auditor Account accountant accounted 52

Going Concern

JULY 5, 2023

The Florida State Fire Marshal is investigating a suspicious fire at Orange Park CPA in the Jacksonville burbs. From CPA Journal: ICYMI | Independence Matters Auditor Independence is integral to the financial reporting system and trust in the capital markets. The fire is “suspicious in nature,” reported Action News Jax.

auditor 52

auditor Tax Account accountant 52

Going Concern

JANUARY 29, 2024

has hired KPMG LLP to vet its financial statements almost three months after its auditor of 28 years quit amid a tumultuous period for the food storage container business. Tupperware hired the Big Four auditor on Jan. 5 letter from district administrator Joe Phillips to Chief Auditor Joris Jabouin. Randy bunch, those EYers.

auditor 52

auditor cpa firm Account accountant 52

Going Concern

OCTOBER 1, 2022

Rehmann, a Top 40 Firm based in Troy, Michigan, is continuing to expand its footprint in Florida by adding Vestal & Wiler, a firm based in Orlando, effective Nov. At trial, Vatican auditor says he was shocked by misuse of funds [ Catholic News Service ]. Rehmann merges in Vestal & Wiler [ Accounting Today ].

Non-Profits 98

Non-Profits audit auditor public accounting 98

Going Concern

NOVEMBER 17, 2022

Hopefully Uncle D will do a bang-up job this time for the state of Michigan, unlike some of the other state unemployment benefits systems it has handled (or mishandled) like Florida, Illinois, Colorado, and California. But the ABC affiliate in Tampa Bay reported in July 2021 that Florida had paid out $1.9

Rhode Island 52

Rhode Island Michigan Ohio Illinois 52

Going Concern

JULY 1, 2022

Ernst & Young IPO Will Create a Lot of Sour Grapes [ Washington Post ] Big Four auditor Ernst & Young LLP’s potential IPO of its consulting activities could trigger stock windfalls of as much as $8 million each for the consulting partners, according to the Financial Times.

Tax 58

Tax Account accountant accounted 58

Going Concern

MAY 12, 2023

China’s Shift Away From Big Four Auditors Has EY Most Exposed [ Bloomberg ] Among the four biggest global accounting firms, Ernst & Young is likely to be the most exposed to Beijing’s crackdown on US-linked auditors, as it stands to lose about a 10th of its China revenue. based IPA 100 firm Schellman of (FY21 net revenue of $101.9

CPA 110

CPA Account accountant accounted 110

PYMNTS

NOVEMBER 26, 2018

A new report suggested a surprising correlation between executives’ accounting expertise and the risk of those misstatements, and researchers said the findings could be key to auditors , financial regulators and corporate directors. In their “Do Auditors Recognize the Potential Dark Side of Executives’ Accounting Competence?”

auditor 51

auditor managerial accounting Account accountant 51

PYMNTS

NOVEMBER 2, 2018

1) that a probe by international auditors is underway, examining a fraud that could be $200 million in scope at Aegean Marine Petroleum Network , tied to shell companies that ostensibly did business with the shipping fuel firm. Those items, per the auditor statement, were not allowed under the university’s procard policies.

auditor 67

auditor audit Massachusetts Florida 67

Going Concern

APRIL 6, 2022

Senior auditor: 1.6%. Auditor, 1-3 years’ experience: 2.2%. Entry-level auditor: 1.6%. Tax accountant, 1-3 years’ experience: 1.6%. Entry-level tax accountant: 2.6%. Audit and assurance services. Senior manager/director: 1.6%. Manager: 1.4%. Washington, DC; Maryland; and Virginia. salary increase over 2021.

accountant salary 62

accountant salary Account accountant accounted 62

Going Concern

FEBRUARY 9, 2024

The Use Of AI By Financial Executives And Their Auditors [ Forbes ] Artificial Intelligence (AI) is starting to have the capabilities to improve both financial reporting and auditing. The majority are now using automation for at least some of their operations and this will grow as tech becomes more user intuitive and available.

Technology 102

Technology Colorado audit cpa firm 102

Going Concern

AUGUST 11, 2023

10, 2023—the board has a lot of work to do before it can finalize a proposal aimed at strengthening its standard to require public company auditors to more proactively identify, evaluate and communicate instances of a company’s non-compliance with laws and regulations (NOCLAR). Auditors today disclose critical audit matters.

Account 97

Account accountant accounted Tennessee 97

Going Concern

JUNE 6, 2022

Boomerang employment is a growing trend in general thanks to technology that helps people stay in contact over time, says Brian Swider, a management professor at the University of Florida and an expert on boomerang employees. Or the former PwC auditor who burned bridges and then pissed all over the bridges to put the fire out.

public accounting 52

public accounting Account accountant accounted 52

Going Concern

MARCH 13, 2023

link] pic.twitter.com/9KWTsLlzrH — ABC News (@ABC) February 27, 2017 The World Baseball Classic will feature some of the greatest players MLB has seen in quite some time, and also a KPMG auditor playing third base for the Czech team. A former Deloitte partner is suing Metropolitan Life Insurance Co.

audit 52

audit Account accountant accounted 52

PYMNTS

AUGUST 13, 2019

According to Butler County Auditor Roger Reynolds, a scammer obtained a county payroll direct deposit form and forged an existing county employee’s signature to request that their wages be deposited into the fraudster’s account.

payroll 60

payroll Ohio Virginia Florida 60

Going Concern

MARCH 6, 2023

And in the UK, KPMG auditors got an email from the boss: No mid-year promotions for KPMG audit staff [ The Times ] KPMG has cancelled the now-regular round of mid-year promotions for its thousands of auditors. Deloitte has no plans to cut staff, in contrast to rival KPMG, which is eliminating about 200 roles.

auditor 19

auditor Account accountant accounted 19

Going Concern

FEBRUARY 24, 2023

When entities can’t find qualified auditors, will audit thresholds be raised, which increases the risk to communities? To increase staff, more firms are moving work to an overseas labor force. Not all workers in other countries are subject to the 150-credit requirement. The question I have is why are we only just talking about it now?

Minnesota 98

Minnesota Illinois cpas CPA 98

Going Concern

FEBRUARY 26, 2024

During this two-year audit, the Marine Corps had independent third-party auditors from Ernst and Young vet the value of all its assets listed on financial statements. The PCAOB inspected four EY Canada audits — three in which the firm was the principal auditor — and found deficiencies in two (50% with Part I.A deficiencies).

audit 58

audit Mississippi auditor tax return 58

Going Concern

JANUARY 23, 2023

“Banks and auditors never reported any problems.” SEC ] North Carolina’s elected state auditor Beth Wood has a court date next week after she was cited for misdemeanor hit-and-run and another traffic-related charge when police said she hit a parked car.

public accounting 115

public accounting Account accountant accounted 115

Going Concern

NOVEMBER 27, 2023

The consultants have spent 15 months looking into the Florida Department of Corrections and found that without a change of course, Florida prisons could be headed toward crisis. Unfortunately like a lot of other systems, Florida is now facing a bit of a perfect storm,” said consultant Jeff Goodale. Beautifully said.

audit 110

audit Account accountant accounted 110

Going Concern

APRIL 1, 2024

It’s Joy Merriner’s job as an independent auditor with the firm BDO to go through the city’s financial statements and make sure they are fair and accurate. For at least one program, the city is at risk of running out the clock on its fourth extension with the state to close out its 2022 books. Simply put, Deloitte should not be in this case.”

Account 105

Account accountant accounted audit 105

Going Concern

DECEMBER 8, 2023

Auditors say accountant shortage ramps up work pressure: CAQ [ CFO Dive ] A shortage of accountants has intensified pressure and ramped up workloads for accounting teams at U.S. The new standard will help auditors detect fraud and better protect investors now and into the future,” PCAOB Chair Erica Williams said Monday.

cpas 117

cpas Account accountant accounted 117

TaxConnex

JANUARY 31, 2023

Upon graduating from NCSU, I joined the NC DOR as an auditor in August of 1990. After two years in south Florida, my wife and I (both being from NC) were compelled to move closer to home and start a family. Gain insight into Jeff's career and his plans for our future as well as how sales tax has evolved over the years.

Florida 100

Florida Tax Sales auditor 100

Going Concern

SEPTEMBER 9, 2022

Although New York, Texas, and California dominated the number of jobs being offered for the roles analyzed, Florida was the only state to appear in the top five in each of the four positions reviewed. Supply and Demand. Accounting department has record year at annual Meet the Firms event [ St. Cloud State TODAY ] A RECORD.

audit 98

audit chartered accountant auditor New York 98

Going Concern

DECEMBER 9, 2022

Grant Thornton merges two Orlando offices as firm continues to grow in Florida [ Grant Thornton ]. A DYNAMIC office change for Grant Thornton’s CHOSEN MARKETS in Florida. Grant Thornton LLP will merge its two locations in Orlando, Florida. Firm Watch. BDO currently employs 500 people in Ireland.

CPA 98

CPA Florida auditor audit 98

Anders CPA

DECEMBER 7, 2023

Terrell (00:01:59) – I didn’t want to be an auditor. But even just the tax implications of, well, if you’re running a firm in Florida and you want to open offices in California, do recognize that changes the tax implications for the partners, not just the people who sit in that office, but the partners who own the firm.

Finance 52

Finance accounting and finance Start-ups Non-Profits 52

Going Concern

AUGUST 4, 2023

Trump-Tied SPAC Hits Another Snag as Auditor Abruptly Resigns [ Bloomberg ] Special-purpose acquisition company Digital World Acquisition Corp. said in a filing Tuesday that its auditor Marcum LLP — which has been riddled with regulatory problems of its own — abruptly resigned.

cpa firm 98

cpa firm CPA accounting firms accounting and finance 98

Going Concern

OCTOBER 6, 2023

Some of the nation’s largest college accounting programs, such as Florida Atlantic University and the University of Maryland, have seen their enrollment or number of undergraduate majors decline by double-digit percentages in recent years.

Maryland 107

Maryland audit accounting and finance accounting firms 107

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. Florida ranked No. Shares in Americanas plummeted more than 75% on Thursday, wiping out 8.4

audit 105

audit Account accountant accounted 105