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Understanding the FAQs Related to Overhead Rate Audits for Growing A&E Firms

Cherry Bekaert

However, firms that are growing or are seeking growth by winning government contracts and working with State Departments of Transportation (DOTs) in particular may benefit from having an overhead rate audit performed. A: An independent third-party auditor typically conducts an overhead rate audit.

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Friday Footnotes: CPA Exam Scares Accounting Majors Away; EY Loses Fees in China | 5.12.23

Going Concern

Colorado Springs accounting firm to open Denver office [ Denver Business Journal ] Stockman Kast Ryan and Co., Former NSW Supreme Court justice Anthony Whealy, KC, now the chair of the Centre for Public Integrity, said the federal anti-corruption legislation could catch government contractors, such as PwC, and operated retrospectively.

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Friday Footnotes: Firms Make Progress on Diversity; EY Growth Plan; PIZZA PARTY! | 3.8.22

Going Concern

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.

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Friday Footnotes: Staffing Disasters; Let’s Rag on EY; A Warning For Tax Practitioners | 4.14.23

Going Concern

Investors are left to navigate a field of potential landmines in the enormous roster of clients that the Big Four boasts, where auditor independence is understandably in question. Auditors are tasked with reassuring investors that the companies they invest in are financially healthy, and warning them if they’re not.

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Friday Footnotes: Where the Audit Jobs Are; Big BDO Hires; A New Gig For PwC Alum | 9.9.22

Going Concern

FreshBooks taps PwC alum as new CFO [ CFO Dive ] FreshBooks, a cloud accounting software company, appointed Wayne Jackson as its new CFO effective Sept. ” Freight Company Executive’s Accounting Fraud Conviction Affirmed [ Bloomberg Law ] Prosecutors presented enough evidence of former Roadrunner Transportation Systems Inc.

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Friday Footnotes: Client Hid ‘Damning’ Audit; Predictions for the Profession; Accounting Firm Gets Compromised | 4.15.22

Going Concern

CNN found that he received this money for businesses he classified as tax firms and related entities even though he wasn’t a certified public accountant and a court injunction had barred him from masquerading as one. auditors and for not aligning closely enough with recently-issued international rules. As a result, U.S.-based

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Friday Footnotes: KPMG Pays High Schoolers 20 Bucks an Hour; Deloitte Cyberattacked Too; IRS on ERC | 7.28.23

Going Concern

INSIDE Public Accounting Releases Its Annual Rankings and Analysis of the Nation’s Largest, Fast-Growing Public Accounting Firms [ INSIDE Public Accounting ] “The labor shortage is a major driver behind the behavior of the IPA 100 firms,” says Charles Hylan, managing director at The Growth Partnership, IPA’s parent company.