inDinero Accounting

JUNE 29, 2023

Additionally, GAAP ensures that businesses remain compliant with government regulations regarding financial reporting. Furthermore, using the cash basis instead of accrual accounting could potentially provide small businesses with tax advantages they might otherwise not have access to. Why Do Only Some Businesses Use GAAP?

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PYMNTS

JULY 6, 2020

This week’s look at the latest cases of B2B fraud finds a surge of business email compromise (BEC) attacks, as well as emerging trends in fraud related to government coronavirus relief efforts. government has given companies a 30-day window to confess to furlough fraud, reports noted. based Crossland Employment Solicitors.

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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. IRS Has the Funding to Hire Tens of Thousands.

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ThomsonReuters

APRIL 18, 2023

These standards revised the way the audit report is presented, called for enhanced communications between auditors and managers charged with governance, and prescribed additional audit procedures for related party transactions. An in-depth library of federal, state, and local forms to facilitate payroll tax processing.

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Going Concern

FEBRUARY 23, 2024

Attorney Damian Williams, George Sanossian agreed to conceal clients’ personal incomes and the wages they paid their employees, to reduce federal income taxes and payroll taxes. Q: What advice would you give your student working on their first project as qualified auditor?

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Going Concern

JANUARY 19, 2023

government. Las Vegas tax preparer sentenced to prison for multiple fraud schemes King Isaac Umoren was sentenced to 13 years and three months in prison for filing false tax returns, aggravated identity theft, wire fraud, money laundering and impersonating an FBI agent. He must also pay $10.8 That case was settled in 2013.

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Going Concern

AUGUST 25, 2023

News US Accounting Board Looks Across the Ocean to Fill Hole in Rules [ Bloomberg Tax ] The flood of government aid that helped keep companies afloat during the coronavirus pandemic exposed a hole in US accounting rules: Businesses have no way to record the grants, loans, and tax breaks that bolstered their bottom lines.

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