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GAAP: What It Is and Why Your Investors Expect It

inDinero Accounting

Non-compensation : accountants should not expect additional compensation for doing their work. Disadvantages of Accrual Basis of Accounting Accrual basis accounting can lead to a misperception of the company’s financial health, as profits may be reported even when there are no corresponding cash inflows.

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Top accounting issues in 2023

ThomsonReuters

Ironing out the frequent problems that accountants face can help firms remain competitive, better attract and retain talent, and ultimately drive greater profitability. Payroll errors For accounting professionals, payroll services have long been viewed as a time-consuming, high-risk loss leader. Batch-style data entry.

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IRS Audit Red Flags: How to Avoid Getting Tax Audited by the IRS

Snyder

Read this article before your vivid imagination leaves your head spinning – it’ll help you spot the most common IRS audit red flags and weigh the real chances of being tax audited, as well as provide you with some top tips on what to do if you receive the IRS audit letter. What is a tax audit? What happens after a tax audit?

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

Going Concern

Adventist Auditors Gather in Copenhagen for Spiritual and Professional Renewal [ ANN ] Maryland legend Tom Hood was there! Former Auditor at Newport Beach Commercial Real Estate Agency Pleads Guilty to Embezzling More Than $2.7 The bill passed unanimously in the Assembly (Y: 144/N: 0) and overwhelmingly in the Senate (Y: 59/N: 2).