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Friday Footnotes: Screw the Office; Auditor Sues EY For Doing Her Job; IRS Levels Up | 9.16.22

Going Concern

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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Top Remote Accountants of the Week | May 23, 2024

Going Concern

Struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can help! With our Always-On Recruiting service, access a pool of skilled remote accountants without any upfront costs. Sign up now to see the complete candidate list and connect with potential hires.

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Friday Footnotes: CPA Says Stop ERC Fearmongering; Deloitte Cussed Out For ‘Grueling Culture’; Worst Books Ever | 2.23.24

Going Concern

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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Friday Footnotes: IRS Chief Hoping for ‘Financial Sacrifice’; PwC Spin-Off Layoff; KPMG Unites Deals and Other Deals | 10.27.23

Going Concern

about the replacement of the 60-year-old Individual Master File (IMF), the system that scores and processes tax submission data, and whether the agency has the funding to stay on track for the goal to replace it. The IRS Direct File pilot, despite the criticism, illustrates just how much the government has learned about product development.

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Friday Footnotes: Looking Elsewhere For Talent; MPs Talk Private Equity Concerns; The Burnout Queen | 8.25.23

Going Concern

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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GAAP: What It Is and Why Your Investors Expect It

inDinero Accounting

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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BEC Attacks Surge As Fraudsters Eye Pandemic Opportunity

PYMNTS

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.