CPA Practice

APRIL 30, 2024

When you incorporate predictive analytics, generative AI and other advanced technologies into everyday workflows at your CPA firm, you are taking on much more than a technology upgrade. They can then act on that information, alerting clients to potential financial discrepancies before they can evolve into larger issues.

Technology 52

Technology CPA cpa firm accounting and finance 52

Going Concern

FEBRUARY 27, 2023

“IRS tech is so ‘archaic’ the agency struggles to find people to work it” from The Washington Post : The Internal Revenue Service, which funds nearly everything the federal government does, uses information technology that is creaking with old age. From FloQast : Six in ten (63%) U.K.

Technology 102

Technology Account accountant accounted 102

Going Concern

MAY 26, 2023

Long Read How a Pandemic-Era Program Became a Magnet for Fraud [ New York Times ] Amid the onset of the pandemic in 2020, as large swaths of the economy went into lockdown, Washington set up various programs to help keep businesses and their workers afloat. ” We’re entering what is shaping up to be the Forever Labor Shortage.

public accounting 87

public accounting Account accountant accounted 87

Going Concern

AUGUST 4, 2023

Less than 1% of firms can find enough staff [ Accounting Today ] Relatively few CPA firms are able to find enough employees to fill their ranks and are resorting to strategies like hiring workers abroad, raising starting salaries, offering fully remote jobs, and hiring staff who haven’t graduated college, according to a new survey.

cpa firm 95

cpa firm CPA accounting firms accounting and finance 95

Going Concern

SEPTEMBER 29, 2023

SPAC Audit Kings: How Soaring IPO Market Ensnared Marcum, Withum [ Bloomberg Tax ] The fortunes of two mid-sized accounting firms rose and fell with the SPAC craze, sending auditors into overdrive as they vetted the financial statements of a surge of blank-check companies hunting for Wall Street’s next big deal.

auditor 102

auditor audit New York CPA 102

Going Concern

JULY 24, 2023

From The CPA Journal : This year, after a push that has gone on for more than a decade, the New York State Legislature has overwhelmingly approved a bill that would permit non-CPA ownership of CPA firms (A.4189/S.2473A). We got incorrect financial statements, missed payroll and created confusion for our customers.

Account 52

Account accountant accounted Hawaii 52

Going Concern

MARCH 15, 2024

KPMG layoffs by u/corpslave_1998 in Big4 Deloitte fights for another shot at $789M SHARKCAGE cyber contract [ Washington Technology ] Deloitte wants back into the competition for a $789 million Navy contract that was captured by Accenture. The SEC is working on proposals that would enhance disclosures to better protect investor interests.

auditor 109

auditor audit cpas Iowa 109