article thumbnail

Cherry Bekaert Achieves Top 5 Hedge Fund Auditor Ranking Following Acquisition of Spicer Jeffries

CPA Practice

OBannon Cherry Bekaert has been included in Hedge Fund Alert’s 2025 list of Top Hedge Fund Auditors. Spicer Jeffries LLP has been a perennial top 10 hedge fund auditor for over a decade, and its knowledge and reputation in the securities industry have significantly contributed to this achievement.

auditor 72
article thumbnail

The Hidden World of Sales Tax Crimes

TaxConnex

Income tax often seems to grab most of the headlines, but sales tax can make for a hefty crime – and punishment – too. A famous case recently examined in the TaxConnex podcast It Depends episode, “Sales Tax Crimes - Pt. Auditors might not knock on your door today but could be knocking on the door of one of your vendors.

Sales 203
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

All I Want for the Holidays Is…. A Tax Provision Specialist

Withum

Finance teams planning for their year-end financial statement audit have an even longer list of things to think about at the end of the year, including income statements, balance sheets, and, finally, the income tax provisions and disclosures that must be presented in the financial statements.

Tax 122
article thumbnail

Friday Footnotes: PwC Scandal Somehow Gets More Scandalous; Deloitte Denied in Court; Withum Embiggens in Florida | 11.8.24

Going Concern

Municipal Messes Delayed audit finds ‘material weaknesses’ in Elton’s finances and procedures [ KPLC (Louisiana)] The town agreed to address such deficiencies including timely adopting an operating budget, hiring someone qualified to prepare financial statements, and submitting required paperwork to the Legislative Auditor’s Office by the due date.

Florida 98
article thumbnail

Professionals on the Move – June 2025, Part II

CPA Practice

in Economics from the University of Delaware and is a Certified Internal Auditor (CIA) and Certified Information Systems Auditor (CISA). O’Hea is a fellow of the Association of Chartered Certified Accountants and holds a diploma of Internal Audit with the Institute of Internal Auditors.

article thumbnail

Preparing Your Client for a Tax Audit: Walking the Taxpayer Through IRS Audits 101

CTP

Our clients should know the reasons they might be selected for an audit, how they will find out they are being audited, and what an IRS auditor might ask for. We will especially want to have this conversation if our clients tax return features one of the IRS red flags of the season. Auditors will often request books and records.

audit 96
article thumbnail

New year, new sales tax obligations

TaxConnex

Review your nexus and taxability and such paperwork as your sales tax returns, federal income tax returns, G/Ls and sales journals. Earmark insignificant items for disclosure before an auditor asks, which could result in less scrutiny of the rest of your sales and use tax obligations.

Sales 130