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The Difference between Bookkeeping and Accounting

SMBAccountant

There are different types of accountants which specialize in different areas. Auditors provide opinions on the accuracy and reasonableness of financial statements. Forensic accountants research financial transactions to uncover fraud. Tax accountants specialize in IRS law and completion of tax returns.

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Two Years Later – Predictions of COVID-19 Fraud Have Become Reality

Withum

Now that we have surpassed the 2-year mark of lockdowns, shutdowns, and letdowns – what was expected by forensic accountants on day one has become painfully clear.

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Which Are the Most In-Demand Accounting Jobs Right Now?

Snyder

The choice to become an accountant depends on your temperament and career prospects. So, choose to become an accountant if you are a person who likes: Numerical challenges like calculating taxes, money, currency conversion, financial statements, profits, and similar computations.

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Friday Footnotes: Fired Accountant Spills the Dirty Laundry; Scandals of Yore; Gen AI For Good | 1.26.24

Going Concern

How AI is transforming audit [ Thomson Reuters ] In the past, auditors have heavily relied on manual processes to uncover risks in financial statements and business operations. But federal monitoring is making a comeback under new leadership. AI Is your firm keeping pace? The film was a commercial success.

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Friday Footnotes: EY Cancels Christmas; A Very Sucky PwC Report; Should We Tax Robots? | 12.23.22

Going Concern

Because robots can replace jobs, the idea goes, a stiff tax on them would give firms incentive to help retain workers, while also compensating for a dropoff in payroll taxes when robots are used. It’s a common practice for IRS agents to give some deference to large accounting firms, according to forensic accountant Bruce Dubinsky.

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