Accounting Today

JULY 3, 2025

By Michael Cohn July 3 Technology Tech news: Wolters Kluwer adds document summaries, tool directory to CCH AnswerConnect Plus, FileAI announces V2 platform launch; Foxit launches PDF and Document Workflow APIs; and other accounting tech updates.

Technology

TaxConnex

DECEMBER 23, 2021

Industry observers look for New York, Ohio and New Jersey to soon intensify enforcement. One of your customers undergoing their own audit might produce one of your invoices, resulting in the auditor possibly contacting you for an exemption certificate or other documents. Treat the auditor respectfully.

audit

TaxConnex

JULY 9, 2024

For instance, California and New Jersey have a quarterly return but a monthly sales tax remittance/prepayment requirement if you reach certain sales thresholds. Regarding reconciliation of data to your sales tax returns, auditors don’t generally look at returns, but you still should prepare your return as accurately as possible.

Sales

CPA Practice

AUGUST 11, 2023

From the Kiplinger Consumer News Service (via TNS). Employee retention credits have been in the news lately. The Department of Justice recently arrested a New Jersey tax preparer for allegedly seeking more than $124 million from the IRS. Filing false employee retention credit claims According to a release from the U.S.

New Jersey

TaxConnex

OCTOBER 25, 2022

Several states, including California and New Jersey, have projected a slowdown in sales tax growth in the next fiscal year. Arkansas , Massachusetts , New York , Texas and Tennessee were among states that recently beat year-over-year or projected sales tax revenues. Nationwide, sales tax receipts were up 1.5% in real terms.

South Dakota

Going Concern

APRIL 28, 2023

New Jersey Society of CPAs Awards $221,500 in Accounting Scholarships [ NJCPA ] The New Jersey Society of CPAs (NJCPA) awarded $221,500 in scholarships to 53 New Jersey-based high school and college students on April 27 at the Pines Manor in Edison.

New Jersey

Going Concern

JULY 15, 2024

New Jersey Society of CPAs ] AI can automate repetitive tasks such as data entry, invoice processing and reconciliation. Then again, those traits can be hard to find in auditors, too. This frees up accountants to focus on more strategic activities. This frees up accountants to focus on more strategic activities.

audit

Going Concern

MAY 20, 2024

Auditors are required to include a going-concern warning if they believe there is a risk that the company may go bankrupt, rather than making a prediction that it will. Michael Shaub of Texas A&M University talks about the PCAOB’s new standards in Bloomberg Tax. TL;DR It’s about time!

audit

Going Concern

SEPTEMBER 29, 2023

The hallmark of a great auditor is not just understanding debits and credits, but understanding how the client makes money and the economics and the cash flows,” added Maginnis. “A He said the misconceptions became readily apparent after he retired from KPMG and started teaching at Rowan University near his home in New Jersey.

accounting careers

Going Concern

JANUARY 23, 2023

“Banks and auditors never reported any problems.” SEC ] North Carolina’s elected state auditor Beth Wood has a court date next week after she was cited for misdemeanor hit-and-run and another traffic-related charge when police said she hit a parked car.

public accounting

Going Concern

MARCH 15, 2024

The NYT report’s focus was that private auditors from large firms failed and consistently missed child labor law violations. Auditors moved quickly and left before children arrived for overnight shifts, or they were not sent where minors worked. Fifty-one percent oppose the proposal, compared with 43% who are in favor. Education Sen.

auditor

Going Concern

JUNE 23, 2023

Audit “When you are a hammer, the world is a nail” – SEC and PCAOB Senior Staff Signal Increased SEC and PCAOB Gatekeeper Enforcement [ Lexology ] SEC Enforcement and PCAOB Enforcement both are pursuing more significant sanctions against auditors, particularly with respect to civil money penalties. 31 is still not finished.

cpa firm

MyIRSRelief

MARCH 1, 2025

Whether its negotiating with auditors or challenging their findings, we fight for the best possible outcome. Our goal is to minimize your liability and protect your rights. With years of experience defending clients in audits, we know the strategies that work.

Tax

CPA Practice

OCTOBER 31, 2023

Also, both New Jersey ( L. 2022, A4909 ) and New York ( L. systems, the best approach is to hire an outside auditor who can analyze the data, run tests, and provide objective results and recommendations for any changes or modifications that need to occur. For example, the “No Robot Bosses Act of 2023” ( L.

Legal

Going Concern

JULY 10, 2023

The firm’s junior auditors have been told that the pay band for one cohort would be frozen while others would increase by just 3pc or 6pc. In lighter news, Withum has added 19 new partners , 11 of whom are based in New Jersey, bringing the firm’s partner total to 225.

accountant

Withum

APRIL 3, 2024

Over the past 50 years, Withum has grown from a small, six-person New Jersey office to a top national firm with over 2500 team members across the United States and overseas. Pat Walsh , Managing Partner and CEO Take a Trip Through Time Withum’s story began around a kitchen table in a New Jersey, Victorian home office.

New Jersey

CPA Practice

MARCH 4, 2024

“If the people preparing the financials are overworked, or there’s not enough of them, you will have errors,” said Joshua Khavis, assistant professor of accounting and law at the University at Buffalo School of Management, whose research has documented links between auditor turnover , long working hours and mistakes.

Account

Going Concern

APRIL 8, 2022

Polymetal International’s Auditor Deloitte Resigns Citing Russian Operations [ MarketWatch ] Polymetal International PLC said Friday that its auditor Deloitte LLP has resigned with effect from April 7 as it won’t be able to carry out the audit process as most of the company’s assets and operations are in Russia.

Iowa

CPA Practice

SEPTEMBER 12, 2024

Allison graduated from Rowan University in New Jersey with a Bachelor’s degree in Accounting. Additionally, due to her previous experience as a state revenue auditor, Schultz has the unique ability to manage state audits by utilizing effective audit defense strategies across various industry types. She works remotely.

Kansas

Going Concern

OCTOBER 9, 2023

Shareholders needed to be able to trust financial reports that have been signed off by an auditor, the association’s chief executive, Rachel Waterhouse, told the inquiry on Friday. “We In New Jersey, innovative work-credit programs have been launched at Saint Peter’s University and PwC; and at Seton Hall and Withum.

Account

Going Concern

DECEMBER 5, 2022

They assume since management is doing the internal control evaluation themselves, the auditor opinion does not matter. with a heavy presence in New Jersey, announced it acquired Boston-based accounting firm Samet & Co. Scupin Professor at the University of Kansas School of Business. That’s why it’s controversial.”.

accountant

Going Concern

MAY 8, 2023

First Republic’s accounts point out that KPMG was auditor since 2010. In the US, this risk is managed by periodically changing the lead audit partner so auditor and audited don’t get too close. The lender rescued by JPMorgan Chase & Co. The actual term is longer. Long-running relationships can threaten objectivity.

Account

ThomsonReuters

SEPTEMBER 22, 2023

Also, both New Jersey ( L. 2022, A4909 ) and New York ( L. systems, the best approach is to hire an outside auditor who can analyze the data, run tests, and provide objective results and recommendations for any changes or modifications that need to occur. For example, the “No Robot Bosses Act of 2023” ( L.

Legal

Going Concern

JANUARY 20, 2023

Under rules introduced in 2016, large UK-listed companies are required to change auditor at least every 20 years and to run a competitive tender once a decade. PwC took over from KPMG in 2015 and was eligible to serve until 2034 subject to a competitive tender at the 10-year mark. In 2001, the Pentagon said it would address the issue by 2005.

auditor

Going Concern

JANUARY 27, 2023

Big 4 EY auditors escape potential Wirecard sanctions after leaving profession [ Financial Times ] Germany’s audit watchdog closed investigations against four current and former EY auditors involved in inspecting collapsed payments firm Wirecard after they handed back their professional licences and left the profession earlier this month.

auditor

Going Concern

JULY 1, 2022

Ernst & Young IPO Will Create a Lot of Sour Grapes [ Washington Post ] Big Four auditor Ernst & Young LLP’s potential IPO of its consulting activities could trigger stock windfalls of as much as $8 million each for the consulting partners, according to the Financial Times.

Tax

Going Concern

JULY 8, 2022

New Jersey CPA Admits to Concealing $147,000 From the IRS [ CPA Practice Advisor ]. Attorney’s Office for the District of New Jersey, Kawam and an unnamed co-conspirator developed a scheme in 2015 to conceal money from the IRS. Delaware Auditor Dodges Felony Charges, Guilty of Misconduct [ Associated Press ].

North Carolina

Going Concern

APRIL 22, 2024

Carmine’s post: The aftermath article goes on: Schmoozing the firm’s Japanese partners alongside Di Sibio was his successor, Janet Truncale, the EY lifer from New Jersey who, in July, takes the reins at the firm she joined as an intern in 1991. EY was not so convivial this time last spring.

auditor

Going Concern

SEPTEMBER 20, 2024

Image: Bloomberg Tax Ex-Deloitte auditor reveals gruelling 20-hour shifts, working till 5 am amid EY row [ Hindustan Times ] The tragic death of a 26-year-old EY Pune employee has sparked a conversation around work pressure and demanding corporate culture. Accountingfly can help!

accounting and finance

CPA Practice

DECEMBER 15, 2023

But you know, that doesn’t change that doesn’t change my position, Brian, you’ve heard me say this for two years, it’s going to be the summer of 24, before most of these new generation platforms are strong enough to use and if you’re an auditor, you have to do it, you know, in conjunction with peer review, here’s Brian F.

Technology

Going Concern

AUGUST 19, 2022

based accounting firm, names 2 partners in Iselin [ ROINJ ] EisnerAmper, the global business advisory firm with a major presence in New Jersey, has added the 200-plus employees of Minneapolis-based accounting and advisory firm Lurie LLP, it announced this week. Firm M&A: Eisner adds Minn.-based Audit: U.K.

audit

Going Concern

APRIL 16, 2024

Over the past week or so, various media outlets have been picking on Trump Media auditor BF Borgers and their 100% PCAOB deficiency rate. BF Borgers has become one of the most prolific auditors of US public companies just 15 years after its foundation, and regulators have warned that it has taken on new clients faster than it can manage.

auditor

ThomsonReuters

FEBRUARY 6, 2025

Conversely, states like Hawaii, Rhode Island, Massachusetts, Nevada, and New Jersey rank poorly, with New Jersey being the worst. These states generally have higher tax rates, wage bases well above the federal level, and more complex systems with additional surtaxes.

Rhode Island