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State CPA Societies in Action: Ohio Society of CPAs

CPA Practice

With more than 100 years of experience, The Ohio Society of CPAs represents 85,000 CPAs and accounting professionals who are the strategic financial advisors to Ohio’s leading businesses. accountants and auditors have left their jobs, as reported by SHRM, an issue that is being actively addressed by OSCPA. “We

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Friday Footnotes: Big 4 Nixes Legal Practices; EY Looks the Other Way; Auditors Get Lectured Again | 10.14.22

Going Concern

Of the 35 companies that submitted data for the list, 31 said they let most Northeast Ohio employees work remotely at least some of the time. A longer, meatier report from auditors was introduced over the past decade in both the US and Europe. The Auditor’s Responsibility for Fraud Detection [ SEC ].

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Best Practices for Managing a Sales Tax Audit

TaxConnex

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.

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Recent Cases Show You Shouldn't Mess with Sales Tax Obligations

TaxConnex

The case was referred to investigators after an auditor found that the business hadn’t filed quarterly sales tax returns or remitted sales tax collected for that period. In another case, Ohio AG Dave Yost is trying to crack down on online retailers of beer and wine with a recent injunction in federal court this week.

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Computer Virus Brings Ohio Town’s Government To A Halt

PYMNTS

A virus that infected the computer system of the Licking County government offices in Ohio has shut down the entire network, including that of the local police force, and a financial demand was made to restore everything back to normal, according to TechCrunch. Anyone that needs to contact county offices will need to come down in person.

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A Certain Big 4 Firm Gets Another Chance to Screw Up a State’s Unemployment Benefits System

Going Concern

As Forbes reported, in May 2020, a mistake by Deloitte led to personal information of as many as 240,000 unemployment insurance applicants in Colorado, Illinois, and Ohio leaking on government benefits websites. Deloitte said at that time it would offer free credit monitoring services to all PUA applicants in Ohio for a year.

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Friday Footnotes: EY’s Six CEO Candidates; Deloitte UK Partner Payouts Increase Again; IIA Gets Their Way | 9.29.23

Going Concern

The company expects each of its roughly 1,300 Orrville, Ohio-based corporate workers to be on site for 22 “core” weeks a year. Now that work is under scrutiny as regulators pursue SPAC auditors for shoddy work and craft rules to put tighter restrictions on blank check companies.

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