CPA Practice

MARCH 8, 2024

The Institute of Internal Auditors is currently reviewing the U.S. Following publication of the SEC’s draft rule in March 2022, The IIA submitted a comment letter, in which it highlighted the need for effective governance over climate disclosures. Securities and Exchange Commission (SEC)’s newly-issued Climate Change Disclosure Rule.

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auditor audit Government CPA 52

CPA Practice

MARCH 7, 2024

The Institute of Internal Auditors is currently reviewing the U.S. Following publication of the SEC’s draft rule in March 2022, The IIA submitted a comment letter, in which it highlighted the need for effective governance over climate disclosures. Securities and Exchange Commission (SEC)’s newly-issued Climate Change Disclosure Rule.

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auditor audit Government CPA 52

LSLCPAs

FEBRUARY 7, 2024

As auditors, it’s important for us to stay on top of the latest accounting standards to ensure financial accuracy, reliability and compliance. The post GASB 96: Lessons Learned for Local Government Organizations appeared first on LSL CPAs. GASB Statement No. 96 (GASB 96) Subscriptions, issued by the.

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Government auditor accounting standards cpas 59

Going Concern

JULY 19, 2023

Hong Kong is suffering from “a serious talent shortage” according to an article today in South China Morning Post and The Hong Kong Association of Registered Public Interest Entity Auditors (PIEAA) says accounting firms should start looking overseas. And now for the offshore part.

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auditor Account accountant accounted 98

CPA Practice

AUGUST 22, 2023

The Institute of Internal Auditors (IIA) – the internal audit profession’s leader in standards, certifications, education, research, and technical guidance worldwide – has approved Malta and Somalia as new affiliates to its global federation, further extending The IIA’s extensive international reach.

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auditor audit Education CPA 98

Cherry Bekaert

AUGUST 18, 2023

Discover our State & Local Government Services. Contact Us The post The Auditor of Public Accounts Oversight of Virginia Local Governments: Key Takeaways Impacting Your 2023 Audit and Financial Reporting appeared first on Cherry Bekaert.

Virginia 52

Virginia public accounting auditor audit 52

SMBAccountant

NOVEMBER 4, 2020

Quality management and accounting systems go hand in hand, especially when it comes to managing government contracts. DCAA auditors not only want to see that there is a policy in place, but there is continued effort to monitor the effectiveness through separation of duties and internal audits.

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Government Account accountant accounted 246

Going Concern

MARCH 24, 2023

The federal government levies taxes on collectibles held for more than a year at a top rate of 28%. Auditors have done so too. Adler, ditched by its auditor KPMG last year after the Big Four firm issued a disclaimer opinion for the 2021 results, has so far been unsuccessful in its search for a replacement.

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auditor audit Entertainment Real Estate 102

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.

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auditor Account accountant accounted 98

Going Concern

MAY 19, 2023

Audit Crypto’s Most Influential Companies Often Follow Their Own Rules — Even After FTX’s Collapse [ Bloomberg ] Bloomberg News surveyed 60 major crypto companies in the first quarter — spanning the breadth of exchanges, mining companies, analytics businesses and token issuers — to gauge the state of governance and controls in the sector.

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auditor audit accounting and finance South Carolina 103

CPA Practice

AUGUST 29, 2023

The Institute of Internal Auditors (The IIA) – the internal audit profession’s leader in standards, certifications, education, research, and technical guidance worldwide – will host its annual Financial Services Exchange from September 11-12 in Washington, D.C., along with a virtual attendee option.

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auditor audit Washington Education 52

Going Concern

MARCH 31, 2023

auditors who believe their part of the firm could end up weakened by a deal. accountants and auditors last year climbed at their quickest pace in recent years, but industry observers say increasing pay alone may not be enough to remedy a national shortage of accountants. John King and Frank Mahoney, senior U.S.

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auditor audit Virginia Technology 103

Going Concern

MARCH 8, 2023

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). Said FRC Deputy Executive Counsel Claudia Mortimore: “The quality of these audits fell far short of the standards expected of statutory auditors. million ($8.9

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audit Government auditor financial statements 102

Going Concern

APRIL 7, 2023

Big Four Auditors and Consultants Need Liability—And a Divorce [ Bloomberg Tax ] Part of the problem is the revolving door of personnel between the major accounting firms and the banks they purport to audit. and overseas” seeking further explanation about the auditor’s opinion. appeared first on Going Concern.

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auditor chartered accountant audit accounting and finance 103

SMBAccountant

OCTOBER 21, 2020

There are certain expenses that a business incurs that the federal government does not reimburse. While these costs may be legitimate business expenses, the federal government may disallow a cost which means it cannot be reimbursed using the incurred costs rates calculated to reimburse costs for cost contracts.

Government 100

Government general ledger Account accountant 100

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. What is the role of the auditor in ESG reporting? The Rise of ESG. The future of ESG accounting.

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auditor Account accountant accounted 59

SMBAccountant

AUGUST 26, 2020

When a small business enters the world of government contracting, the risk associated with maintaining supporting documentation increases significantly. In addition, government contracts will not reimburse alcohol, so the itemized receipt is needed to show what was bought and alcohol must be recorded separately.

Government 100

Government Account accountant accounted 100

SMBAccountant

AUGUST 26, 2020

When a small business enters the world of government contracting, the risk associated with maintaining supporting documentation increases significantly. In addition, government contracts will not reimburse alcohol, so the itemized receipt is needed to show what was bought and alcohol must be recorded separately.

Government 100

Government Account accountant accounted 100

Going Concern

AUGUST 12, 2022

Hold Auditors Accountable for Complicity in Corporate Fraud [ Bloomberg Tax ] Unfortunately, since the fall of Arthur Anderson in the wake of the Enron scandal, the SEC and PCAOB have often failed to go after auditors playing fast and loose with the rules. Here’s how recruiters and career experts recommend that you proceed.

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auditor Account accountant accounted 98

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.

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auditor audit accounting firms financial statements 52

PYMNTS

JULY 2, 2020

As the fallout from Wirecard ‘s $2 billion accounting scandal continues, some attention has turned to the Germany-based payment company’s auditor, Ernst & Young (EY). While the auditor’s findings ultimately led to Wirecard’s downfall, the firm itself is also facing criticism for failing to draw conclusions earlier.

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auditor audit chartered accountant Construction 61

Going Concern

JANUARY 8, 2024

The firm works with the local governments to compile information for the audit throughout the year. According to the Press , there are only two firms in the entirety of Wyoming that can do government audits. Sheridan County will engage PMCH again next year, they said, but it’s not like they have much of a choice.

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Wyoming audit Government Montana 122

CPA Practice

FEBRUARY 7, 2023

In the letter, Anthony Pugliese, CIA, CPA, CGMA, CITP, President and CEO of The IIA writes that “ although the recommended policy change minimally impacts the provision of internal audit services, it represents a significant departure from the regulatory status quo regarding the relationship between internal (auditors) and external auditors.”

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auditor audit Construction accounting standards 40

CPA Practice

MAY 8, 2023

The proposed legislation comes on the heels of an IIA letter calling on Congress to strengthen corporate governance of cryptocurrency exchanges following the collapse of FTX and subsequent outreach by the organization to help shape their policy recommendations. House Committee on Financial Services; and U.S. House Committee on Agriculture.

Government 52

Government Agriculture audit auditor 52

Going Concern

JANUARY 2, 2024

The current governance of the Big Four encompasses the worst aspects of partnership governance and the worst aspects of corporate governance,” she said. The post Tuesday Morning Accounting News Brief: Big 4 Needs a Governance Makeover; BEC Went Out With a Bang | 1.2.24 Lots and lots of fizzy water. Welcome back to work!

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Government Account accountant accounted 60

Going Concern

JUNE 7, 2023

Late filings aren’t terribly uncommon in the world of government entities but the delays are piling up and retirements of an aging workforce in the public sector aren’t helping. But yes, government workers should use all that glorious spare time they have and use it to go promote their jobs to young people.

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Government accounting clerk Account accountant 52

PYMNTS

AUGUST 7, 2019

Former ASIC Chairman Greg Medcraft warned that declining audit quality runs the risk of high-profile corporate collapses, pointing to the Enron scandal that went undetected by auditors — described as the “gatekeepers” that “facilitate trust,” Medcraft said. Auditors are not skeptical enough. Global Pressure. According to the U.K.

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auditor audit Government corporate accounting 51

ThomsonReuters

NOVEMBER 2, 2023

It also revises the definition of significant risk so that auditors will be focused on where the risks lie on a spectrum of inherent risk. As auditors, it’s important to understand how to effectively apply SAS 145 to ensure compliance and enhance the overall audit process. Let’s take a look. Focus on the risk itself.

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auditor audit Government Account 105

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.

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auditor accounting and finance audit Finance 52

SMBAccountant

NOVEMBER 4, 2020

Quality management and accounting systems go hand in hand, especially when it comes to managing government contracts. DCAA auditors not only want to see that there is a policy in place, but there is continued effort to monitor the effectiveness through separation of duties and internal audits.

Government 100

Government Account accountant accounted 100

Going Concern

JUNE 9, 2023

A March report by the New South Wales Auditor-General [ PDF ] breaks everything down by the numbers and is mentioned here because the PwC tax scandal went down on their side of the world. Another concern when it comes to government reliance on outside consultants: knowledge transfer.

Government 52

Government Maryland auditor accounting and finance 52

Going Concern

APRIL 29, 2022

Less work for EY auditors? Scarred by its role as auditor to fraudulent payments group Wirecard, the Big Four firm has searched its soul (more thoroughly than it searched Wirecard’s books) and this week announced “the most comprehensive process of change in its more than 100-year history”. Auditors Fire Messy Municipal | 4.29.22

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auditor audit Account accountant 52

Going Concern

AUGUST 25, 2022

The city of Palo Alto, CA is looking for a new city auditor after its last one, Kyle O’Rourke, resigned from his role at Baker Tilly on August 15. By a unanimous vote, the council agreed to ask Baker Tilly to make up to three individuals available for interviews to become the city’s interim city auditor.

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auditor Construction audit Government 52

Going Concern

FEBRUARY 3, 2023

From the report: The independent auditor for Adani Enterprises and Adani Total Gas is a tiny firm called Shah Dhandharia. Hindenburg backs up these claims with copies of the auditors’ IDs, Adani Group said publishing this information showed a “brazen disregard of personal privacy and safety.”

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audit auditor accounting firms Government 120

Going Concern

APRIL 1, 2022

ARB’s auditor Messrs BDO voluntarily resigns after failure to reach agreement on proposed increase of audit fees [ The Edge ] Expect to see a lot of this going forward: ARB Bhd on Friday (April 1) announced its auditor Messrs BDO PLT (BDO) has voluntarily resigned. That’s one way to go. vice chair for PwC and U.S.

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auditor accounting jobs accountant jobs accounts jobs 52

Accounting Today

JULY 11, 2023

The education-technology titan has been rocked by the resignation of its auditor and three board members.

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Government Finance auditor Education 40

Cherry Bekaert

MARCH 18, 2024

If you have any questions specific to your business needs, Cherry Bekaert’s Government & Public Sector team is available to discuss your situation with you. Hosts Kimberly Konczack, an Advisory Manager at Cherry Bekaert, and Shuo Zhang, Manager, are joined by Kat Kizior, Senior Associate, and special guest Anthony Walsh, Senior Manager.

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auditor audit Government 52