RogerRossmeisl

JULY 16, 2023

Look at the numbers During the due diligence process of a merger or acquisition, forensic experts review financial statements for subtle warning signs of fraud. The post Good Acquisition?

forensic accounting 238

forensic accounting financial statements Legal CPA 238

RogerRossmeisl

MARCH 14, 2021

Plan early to engage a fraud expert to review financial statements and other documents for signs that you could be dealing with a dishonest seller. Subtle warning signs When reviewing a seller’s financial statements, forensic experts look for subtle warning signs of fraud.

financial statements 246

financial statements CPA Sales 246

ThomsonReuters

NOVEMBER 11, 2021

In fact, a global effort is underway to tighten the restrictions and increase the documentation requirements for this practice, adding a significant amount of work and responsibility to the task of the corporate tax professional. What is transfer pricing documentation? transfer pricing documentation. What is transfer pricing?

audit 52

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CPA Practice

APRIL 9, 2024

This type of malware poses a severe risk to CPA firms, often starting as a dripping leak but becoming a gushing waterfall, as it can enable unauthorized access to sensitive client data, including tax returns, financial statements, and personal information.

cpas 118

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RogerRossmeisl

FEBRUARY 14, 2023

Challenging the status quo The last three to five years of financial statements are usually on the list of documents experts use to value a business. With some companies, it’s possible to simply take historical financial statements and apply an assumed growth rate into perpetuity.

financial statements 130

financial statements CPA 130

RogerRossmeisl

MAY 5, 2022

An experienced business valuation professional considers more than just a company’s financial statements when quantifying its value.

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financial statements CPA 245

RogerRossmeisl

AUGUST 18, 2021

They’re uniquely qualified to review financial statements and business records and to interview employees to find evidence of misrepresentations and theft. Certified fraud examiners (CFEs) are specially trained in fraud discovery, recognition, documentation and prevention.

forensic accounting 225

forensic accounting Account accountant accounted 225

Cherry Bekaert

MARCH 6, 2024

Offering Simple Solutions to Complex Requirements Growing businesses are challenged when complying with financial statement tax reporting requirements. At Cherry Bekaert, we tailor our solution to your unique situation in order to best support your finance team.

Tax 52

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SMBAccountant

JUNE 21, 2023

When it comes to financial statements, two key documents play a vital role in providing insights into a company's financial health: the income statement and the balance sheet. While both are important in understanding a company's financial position, they serve different purposes and provide distinct information.

Non-Profits 130

Non-Profits accounting equation financial statements accounts payable 130

Anders CPA

JANUARY 9, 2024

FDICIA Requirements for over $500 Million in Assets After a bank has crossed $500 million in assets, the following additional FDICIA requirements will become effective: Comparative audited financial statements are due to the appropriate federal bank agency within 120 days after the fiscal year-end for non-public banking institutions.

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Going Concern

MAY 3, 2024

Because investors rely on the audited financial statements of public companies when making their investment decisions, the accountants and accounting firms that audit those statements play a critical role in our financial markets.

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CPA Practice

DECEMBER 22, 2023

Companies can help limit corruption by establishing documented policies and procedures over conflicts of interest, vendor/contractor selection and approval processes for purchases and payments. Financial Statement Manipulation Manipulation of financial statements is another common form of fraud.

Expense Reimbursements 117

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inDinero Accounting

OCTOBER 31, 2023

A nonprofit statement of financial position is one of several documents nonprofits can use to demonstrate where donors’ money is being spent. In this guide, we’ll teach you the core components of the nonprofit statement of financial position and how to put one together in a way that’s as painless as possible.

accrual accounting 105

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MyIRSRelief

MARCH 29, 2024

These professionals can help businesses navigate the complexities of tax preparation, ensuring that all necessary documentation is accurate and submitted on time. Bookkeeping and accounting form the backbone of a business’s financial management system. Professional audit representation can be invaluable in such situations.

California 130

California tax services business tax Tax 130

Going Concern

OCTOBER 2, 2023

Also, the firm was not registered or licensed by the relevant provincial CPA body to perform audits of the financial statements in the respective jurisdiction. CAS 230, Audit Documentation. CAS 250, Consideration of Laws and Regulations in an Audit of Financial Statements. million CDN (approx.

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Acterys

JULY 12, 2023

In the dynamic world of finance, where strategic decisions shape the course of businesses, mastering vertical analysis can help you simplify your statement, make critical financial decisions, and understand the underlying composition and trends that drive your business’ financial performance. Why Use Vertical Analysis?

financial statements 130

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MyIRSRelief

JULY 3, 2023

Audits aim to verify the eligibility of wages claimed, the calculation methodology used, and the supporting documentation provided. Given the substantial financial impact of the ERC program, the IRS has identified it as an area of focus for enforcement. What Documentation is Required During an ERC Audit?

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CPA Practice

OCTOBER 16, 2023

Historical Documentation : Minutes create a historical record of the company’s decision-making process, which is valuable for future reference, audits, or legal proceedings. Committee Meetings : If your business has corporate committees, like audit or compensation committees, you should also document these meetings.

Legal 116

Legal payroll tax audit payroll 116

xendoo

FEBRUARY 25, 2022

If your company requires a set of reviewed or audited financial statements, you’ll need a clean set of books. During a financial review or audit, accountants will ask to see documentation of expenses and income. They may perform other accounting activities to assess your level of financial controls in the company. .

Account 111

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CPA Practice

AUGUST 22, 2023

LLM-powered Software can automatically read customer contracts and match information in signed sales documents to those like Salesforce and NetSuite, monitoring for inconsistencies so that they can be flagged to the right person and immediately addressed.

Account 98

Account accountant accounted NetSuite 98

ThomsonReuters

APRIL 5, 2024

This helps mitigate potential risks, optimize tax strategies, and enhance overall financial performance. Furthermore, interim tax reporting contributes to the accuracy and reliability of financial statements. Start by comparing the interim tax provision to the actual tax liability from the prior year.

Tax 68

Tax income tax financial statements accounting standards 68

Withum

JANUARY 24, 2023

Although an independent financial statement audit may not gain the day-to-day attention of management the same way as growing revenue or projecting cash flows; for many, there will come a time when an audit becomes a vital part of the company’s lifecycle. What is the required due date for the financial statement deliverable?

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ThomsonReuters

APRIL 30, 2024

Auditors rely on data review to ensure the reliability and integrity of financial statements. Auditors must ensure that financial statements are free from material misstatements and that all relevant information is included. In the world of accounting audits, accuracy and completeness are paramount.

auditor 52

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CPA Practice

OCTOBER 18, 2023

Historical Documentation : Minutes create a historical record of the company’s decision-making process, which is valuable for future reference, audits, or legal proceedings. Committee Meetings : If your business has corporate committees, like audit or compensation committees, you should also document these meetings.

Legal 105

Legal payroll tax audit payroll 105

Acterys

NOVEMBER 27, 2023

You’ll also learn how to streamline financial planning and reporting with a financial planning and analysis (FP&A) solution. 7 Financial Statements for FP&A Financial statements are foundational reports that provide an overview of a company’s financial position and performance.

financial statements 130

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MineralTree

OCTOBER 5, 2023

Its primary purpose is to ensure the accuracy and completeness of financial records so that financial statements can be prepared for internal and external reporting purposes. Inaccurate expense reporting can impact financial statements and can create errors that the AP team must take time and resources to reconcile.

AP Automation 76

AP Automation accounts payable AP Processes accounting and finance 76

CPA Practice

APRIL 30, 2024

Meanwhile, generative AI is fast becoming a go-to tool for teams responsible for creating financial reports, tax documentation and more. This not only speeds up the work process, but it also reduces the potential for human error, ensuring consistency and accuracy in the documents produced.

Technology 52

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SMBAccountant

OCTOBER 19, 2022

If documentation isn’t typically kept for normal, authorized transactions, finding documentation of a fraudulent transaction can be difficult as well. Sometimes that reason correlates directly with why the fraud was allowed to happen in the first place; lack of internal controls. Quality issues including negative impact on reputation

financial statements 130

financial statements 130

FraudFiles

MAY 30, 2023

Everyone knows about the typical sources of financial information in divorces. Income tax returns, bank statements and related documents, brokerage statements, credit card statements, and business financial statements are some of the most common. …

income tax 52

income tax tax return financial statements Tax 52

TaxConnex

JULY 6, 2023

Speaking of the business cost beyond the taxman, non-compliance can compromise your company’s financial statement – and potentially doom future M&As and capital venture arrangements. One way that jurisdictions can discover your company’s nexus is through audit – and not just an audit of you.

auditor 130

auditor audit Tax Sales 130

MineralTree

NOVEMBER 2, 2023

It legitimizes your business, demonstrates that you have controls in place to reduce fraud and error, and assures stakeholders that your financial statements are reliable. This involves scrutinizing invoices, payments, and supporting documentation to ensure they comply with internal policies and external regulations.

accounts payable 81

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CPA Practice

JULY 9, 2023

This new product combines the power of artificial intelligence (AI) large language models (LLMs) from Microsoft Azure OpenAI with the full suite of Advantage Audit programs and planning documents for industry-specific audits, reviews and compilations.

audit 111

audit auditor Technology financial statements 111

Going Concern

JANUARY 8, 2024

Refresher: Municipalities across the US are at risk of having their credit ratings downgraded or withdrawn by S&P Global Ratings because staffing shortages have delayed financial disclosure documents.

Wyoming 125

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Going Concern

AUGUST 17, 2023

issued a clean audit report of Akazoo’s 2018 financial statements. made false statements in its audit report when it claimed that Akazoo fairly presented its financial statements in all material respects for 2018. From the SEC’s August 14 release on the Crowe charges : According to the SEC’s order, Crowe U.K.

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audit auditor financial statements Account 98

MazumaBusinessAccounting

MAY 31, 2022

Remember, the IRS recommends keeping tax-related documents for at least six years. How Long to Keep Financial Records and Why. Determining how long to keep financial records depends on several factors, including the record type and whether it’s for personal or business documentation. Err on the side of caution.

tax return 98

tax return Real Estate Tax audit 98

ThomsonReuters

APRIL 30, 2024

Rather than simply completing tax returns or financial statements, accountants are proactively engaging with clients throughout the year, offering strategic guidance on tax planning, financial management, and business growth strategies. Real-time collaboration. Improved compliance and risk management.

Technology 52

Technology accounting firms financial statements Tax 52

Withum

SEPTEMBER 8, 2022

Audited financial statements are a cornerstone of the financial markets. All publicly owned companies must have audited financial statements that contain a report of the registered independent accounting firm performing the audit. They are used to assist in raising money or obtaining loans.

accounting principles 119

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