Going Concern

SEPTEMBER 25, 2023

The long-running TPB investigation found that Mr Carter lodged false BAS and amendments for unwitting clients and lied about their tax returns and debts that did not exist. He spent $350,000 in client refunds and ATO payments on himself and misappropriated $440,000 intended for share purchases on behalf of clients.

tax preparation 84

tax preparation Gambling Account accountant 84

Going Concern

OCTOBER 20, 2023

Investigators say Williams’ work came under suspicion when the Louisiana Legislative Auditor and an independent auditor were unable to reconcile his reports on the court’s finances for the year 2020. Many records and documents requested by auditors were not provided by Williams and had been transferred to his personal laptop.

CPA 91

CPA quickbooks auditor Real Estate 91

Going Concern

SEPTEMBER 1, 2023

Audit Battle lines drawn over auditors’ role in combating fraud [ AccountancyAge “Patisserie Valerie pushed the issue of auditor responsibility [for fraud detection] to the fore after so many accounting scandals. Despite receiving the completed and accurate tax returns from the accounting firm, Patrick did not file them with the IRS.

Account 91

Account accountant accounted audit 91

Going Concern

SEPTEMBER 18, 2023

These new employees will be focused on higher-income and complex tax areas like partnerships, not average taxpayers making less than $400,000.” More than the number, auditors are exiting big names, which used to be a rarity. “This is arising from a mechanism to protect the public and protect investors,” Arif said.

audit 60

audit Account accountant accounted 60

TaxConnex

SEPTEMBER 7, 2023

Minnesota exempts non-profits from collecting sales tax when the sales are for fundraising. During a sales tax audit, one of the first requests from the auditor will be for copies of all exemption certificates for any exemptions claimed on sales tax returns. How important are these certificates?

Sales 147

Sales Tax Non-Profits North Carolina 147

Going Concern

SEPTEMBER 2, 2022

CHS avoids fine in SEC accounting fraud case [ Compliance Week ] A Minnesota-based agricultural cooperative settled charges levied by the Securities and Exchange Commission (SEC) that the company violated federal securities laws when it filed materially false financial statements with the agency over five years.

North Carolina 77

North Carolina Tax Idaho audit 77