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On the move: HCVT hired CAS co-leader

Accounting Today

MISSOURI Tony Spratte was named the next managing partner of the St. ILLINOIS Rick Surett was named the new chief financial officer at Grant Thornton, Chicago, succeeding Muhammad Bhayat, who is retiring after more than 20 years at the firm. Forvis Mazars opened a new office in Minneapolis, to be spearheaded by audit director Tyler Aldridge.

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On the move: RRBB adds partner

Accounting Today

FLORIDA Stefano Comotti was appointed chair of the global board of the Institute of Internal Auditors, Lake Mary, for 2025-26. MISSOURI Duke Johnson Duke Johnson, a senior accountant at KPM CPAs & Advisors, Springfield, earned his CPA license. Nomination information is available here.

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Friday Footnotes: Baker Tilly Did What!?; Internship Ranking Winner Same As Last Year; Pillar II to Be a PITA | 10.25.24

Going Concern

“We received news that our external auditor that is assigned to our annual audit is resigning and the firm does not have sufficient staffing to take over our 2022-2023 audit,” Gates-Shult said. ” NYC handed out $6.5

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Friday Footnotes: Is AI Actually Improving Audits?; Activists Try to Save Direct File | 7.18.25

Going Concern

Audit Automated auditors: could AI undermine financial reporting? While they invest money and resources, PE firms look for profits in relatively short timeframes, often achieved through cost-cutting. Here in Massachusetts, the collapse last year of Steward Health Care has been widely blamed on its ties to PE.

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Senate Republicans plan major revisions to Trump tax bill

Accounting Today

Senators Josh Hawley of Missouri and Jim Justice of West Virginia have said they oppose these changes. Gary Boomer June 9 Audit Two-thirds of clients ready to change auditors Seventy percent of U.S. audit clients are ready to change firms within the next three years, according to an Inflo report.

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7 Ways a Business is Selected for Audit

TaxConnex

but with the addition of economic nexus in Florida to start later this year, and Missouri set to potentially follow suit, the realization that money received from economic nexus liabilities is definitely top of mind for states. already seen an increase in the number of audits in the past two years. evidence of tax jurisdictions’?ramping

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Don't Test Your Luck with Non-Compliance

TaxConnex

Even the only two states with a state-wide sales tax that have held out from enacting economic nexus – Florida and Missouri – may be edging toward making sellers collect and remit sales tax. One of your customer s undergoing its own sales tax audit might produce one of your invoices, resulting in the auditor possibly contacting you.