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Financial Audit Preparation Steps: Expert Tips for An External Audit Process 

Withum

Understanding the financial statement audit process and planning ahead can save time, reduce stress and ensure accurate results. In this guide, well walk through the key financial audit preparation steps, explain key differences between AICPA and PCAOB audits and provide actionable tips to streamline the external audit process.

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Protecting Your Business from Real Estate Fraud

RogerRossmeisl

To make an acquisition more enticing, sellers could fake rent rolls, financial statements or other documents that indicate an asset’s profitability. Additionally, sellers might doctor environmental impact reports to, for example, The post Protecting Your Business from Real Estate Fraud appeared first on Roger Rossmeisl, CPA.

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CPA Firm Managing Partner Weighs in on How to Rebuild the Talent Pipeline

CPA Practice

And it popped up at a session during the first day of the 2023 Unique CPA Conference, “Bridging the Gap,” in the Chicago suburb of Rosemont, IL, on Tuesday. Pretty much overwhelmingly they said it was because you have to have an accounting degree and a CPA, which isn’t true. You don’t have to be a CPA. It’s not glamorous.

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Starting your own CPA firm: Tips from 2 success stories

ThomsonReuters

Now that tax season is in full swing for many practitioners, you may find yourself questioning if this is the right time to break off and explore starting your own CPA firm. Starting your own CPA Firm: Don’t be afraid of a niche. From there, Linda purchased an unique book of business to launch her own firm. “I

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Friday Footnotes: PwC Completes Its Punishment; Hybrid Work Should Stay in 2025; Deloitte Clutters Up the Dark Web | 1.3.25

Going Concern

The series is called Journeys of Accountancy and features accountants who, for example, work for a CPA firm specializing in the legalized cannabis industry in California, an accounting software company that serves the funeral industry, and a company that provides compliance services to the gaming industry.

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Management Interviews are a Critical Part of the Business Valuation Process

RogerRossmeisl

When preparing a business valuation, quantitative data — from tax returns, financial statements, contracts and other sources — is important. The post Management Interviews are a Critical Part of the Business Valuation Process appeared first on Roger Rossmeisl, CPA. But there’s more to a company than numbers.

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The Cost Approach to Valuing a Business

RogerRossmeisl

This financial statement reports “book values” for the company’s assets and liabilities. The post The Cost Approach to Valuing a Business appeared first on Roger Rossmeisl, CPA. The cost (or asset-based) approach to valuing a business focuses on the balance sheet.