ThomsonReuters

JANUARY 9, 2025

The extensive reliance on manual spreadsheets and inconsistent policies, coupled with data fragmentation from a lack of standardization and centralization, increases the complexity of corporate governance processes. Highlights: Accurate statutory reporting is crucial to prevent financial and reputational risks.

Technology

CPA Practice

OCTOBER 17, 2024

Based on input from financial statement users during the research phase of the project, Statement 104 requires certain types of assets be disclosed separately in the note disclosures about capital assets. Capital Assets Held for Sale Statement 104 establishes requirements for capital assets held for sale.

financial statements

Going Concern

NOVEMBER 8, 2024

Municipal Messes Delayed audit finds ‘material weaknesses’ in Elton’s finances and procedures [ KPLC (Louisiana)] The town agreed to address such deficiencies including timely adopting an operating budget, hiring someone qualified to prepare financial statements, and submitting required paperwork to the Legislative Auditor’s Office by the due date.

Florida

ThomsonReuters

NOVEMBER 7, 2024

← Blog home As the global business environment continues to evolve, the 2024 State of Corporate ESG report by Thomson Reuters Institute sheds light on the shifting dynamics of Environmental, Social, and Governance (ESG) initiatives.

Technology

Shay CPA

MAY 21, 2025

This approach complies with ASC 606 (Revenue from Contracts with Customers), which governs revenue recognition standards in the U.S. This data feeds into financial statements and cap table management. Instead, it must be recorded as deferred revenue, a liability on the balance sheet.

bookkeeping

Going Concern

JANUARY 9, 2025

Restatements of financial statements and management reports on internal control over financial reporting (ICFR) that were audited by the firm over the past three years. See also Project on Government Oversight’s 2019 banger “ How an Agency You’ve Never Heard of Is Leaving the Economy at Risk.”

audit

Going Concern

JANUARY 3, 2025

Public audits are falling behind throughout central Maine [ Portland Press Herald ] Across central Maine, government agencies regularly seek the services of audit firms, which inspect financial records to ensure they are accurate and ensure financial procedures are being followed. Audit firms face a unique set of challenges.

auditor

MyIRSRelief

OCTOBER 18, 2024

The primary goal of the OIC program is to facilitate the collection of what is potentially collectible at the earliest possible time and at the least cost to the government. Step 3: Complete Forms Taxpayers must complete Form 656 and the appropriate Collection Information Statement (Form 433-A (OIC) or Form 433-B (OIC)).

Tax

inDinero Tax Tips

JANUARY 1, 2025

Startups that hope to attract venture capital need to be able to provide high-level financial statements to investors. For instance, if you expand internationally, you may have to navigate transfer pricing laws, which govern how revenue is allocated and taxed among business entities you own across different countries.

accrual accounting

ThomsonReuters

NOVEMBER 7, 2024

← Blog home As the global business environment continues to evolve, the 2024 State of Corporate ESG report by Thomson Reuters Institute sheds light on the shifting dynamics of Environmental, Social, and Governance (ESG) initiatives.

Technology

Going Concern

NOVEMBER 22, 2024

Audit Large Accounting Firms Will Have to Submit Financial Statements to U.S. Regulator [ Wall Street Journal ] Large accounting firms will have to submit financial statements annually to the U.S. PwC’s cross-claim in the case, filed Nov.

auditor

CPA Practice

DECEMBER 6, 2024

Now, again, as we record this, there has been in the last 48 hours, an injunction from a court in Texas that that has suspended, that has enjoined the I guess, that enjoined the government from from enforcing the need to file the boi information this year. Were recording this on December 6. You need to pay attention to the news.

Technology

Withum

MARCH 4, 2025

The Governmental Accounting Standards Board (GASB) issued Statement No. 103: Financial Reporting Model Improvements to provide updated guidance on several areas of the financial reporting model. It is the most significant update to the financial reporting model since GASB Statement No.

financial statements

Menzies

JANUARY 7, 2025

The government has committed to extending to include assets purchased for leasing when fiscal conditions allow. For assets purchased under finance leases, capital allowances do not apply and instead, companies can claim tax relief on the depreciation in the financial statements.

Tax

Accounting Insight

JANUARY 22, 2025

Validates AI-powered algorithms automate the financial statement review process. has revolutionized the way BDO approaches financial statement reviews, seamlessly integrated into our workflows and delivered unparalleled efficiency and accuracy. Plans to localize Validate are due to be announced in the future.

Technology

Going Concern

DECEMBER 20, 2024

TAX CANDIDATES FTE Tax Senior | Candidate ID #23636747 Certifications: EA Education: BS Experience (years): 5 years tax experience Work experience (detail): All in public accounting 5 tax seasons preparing returns for HNWIs and SMBs 300+ returns per season, 50-50 individuals, businesses Client-facing with S-Corps, partnerships, trusts Business development (..)

Real Estate

Shay CPA

JUNE 11, 2025

Your accounting firm or CPA likely has to rework how they process invoices, handle reconciliations, and compile financial statements. Does it align with the company’s data governance and security standards? Strained Relationships with External Accounting Teams Workflow Overhaul. Delay in Go-to-Market Priorities Focus Siphon.

accounting and finance

Going Concern

JUNE 27, 2025

OMB seeks ‘strategic reset’ of financial statement audits [ Federal News Network ] “Audits were once a tool for accountability and improvement. Now they have become, in many places, rote exercises that do not ensure sound financial management and instead contribute to the $36 trillion of debt the federal government currently carries.

audit

ThomsonReuters

MARCH 17, 2025

As financial reporting complexities grow, firms must adapt their methodology and maintain clear, detailed records that demonstrate compliance with these evolving standards. For example, PPCs Guide to PCAOB Audits includes all the guidance and practice aids your firm needs to perform both an integrated audit and a financial statement audit.

audit

CPA Practice

OCTOBER 11, 2024

Pre-agenda research showed that financial statement users want better information about the condition of infrastructure assets and how the government is maintaining those assets than what is currently available in financial statements.

financial statements

Going Concern

OCTOBER 11, 2024

News AICPA moves to amend financial statement standard [ CFO Dive ] Well this is a BFD! However, Tether has never had a full audit done, even by BDO, as its quarterly attestations do not qualify as systematic examinations of the whole company and its financial statements.

audit

Going Concern

OCTOBER 24, 2024

TAX AND ACCOUNTING CANDIDATES FTE Tax and Accounting | Candidate ID #22557459 Certifications: EA, Intuit Tax Academy Education: MBA Accounting, JD Experience (years): 6 years of overall experience Work experience (detail): Tax senior with a national tax service International tax experience National client tax practice Adept at tax research Client niches: (..)

Real Estate

Withum

JULY 13, 2025

Ensuring responsible financial management through proposing and/or approving budgets, levying special assessments, and monitoring financial results through the review of financial statements. Selecting professionals to serve the association and collaborating to accomplish the association’s mission and purpose.

Legal

Accounting Today

JUNE 9, 2025

But theres one thing that everybody forgets about that is never included in a government budget, I dont think. She went to the federal government asking for aid. Youve had CBO and JCT have come out and saying that this bill, if it passes, will increase the debt by three to $4 trillion. Ive never seen it, and that is contingencies.

Washington

Going Concern

OCTOBER 17, 2024

, Gusto Remote Work Experience: Y Salary: $150k, FTE, $55-$70/ PTE Time Zone: Central Sign up to learn more about this candidate FTE Tax and Accounting | Candidate ID #22655166 Certifications: CPA, QBO ProAdvisor Education: BA, MBA Accounting Experience (years): 5 years in public accounting Preparation and review experience Financial reporting and (..)

Real Estate

Withum

JANUARY 29, 2025

This course has a clear objective introducing the students to financial accounting, the accounting cycle, fundamental accounting concepts for business transactions, and preparing and analyzing financial statements. Yet a 40-page financial statement comprises five pages of numbers and 35 pages of words!

financial statements

Withum

DECEMBER 4, 2024

There is also a 15% corporate alternative minimum tax (CAMT) based on book income for companies with average annual adjusted financial statement income exceeding $1 billion. The corporate tax rate is currently a flat 21% rate. 179D deduction to the person “primarily responsible” for the design.

Tax

Going Concern

JANUARY 2, 2025

TAX CANDIDATES FTE Tax Senior / Manager | Candidate ID #23674176 Certifications: EA Education: BS Accounting, MS Accounting and Finance Experience (years): 20+ years accounting and tax Work experience (detail): 10+ years in public accounting Remote team management experience Tax planning and compliance, advisory 70% review during 2024 tax season Preparation (..)

Real Estate

CPA Practice

NOVEMBER 25, 2024

As a result, the project is designed to improve consistency in application of GASB literature, which should better meet the information needs of financial statement users, the GASB said. GASB’s pre-agenda research on subsequent events showed diversity in practice in the application of the existing guidance.

financial statements

Going Concern

OCTOBER 14, 2024

Writes Religion Unplugged : Responding to a lawsuit accusing Dallas-based Gateway Church of financial fraud, Gateway Elder Tra Willbanks assured congregants over the weekend that the church has “independently audited financial statements since 2005.”

accountant

CPA Practice

NOVEMBER 25, 2024

He joined the Governmental Accounting Standards Advisory Council (GASAC) in 2011 as a representative of the Government Finance Officers Association (GFOA) and served as chair from 2015-2021. She has served on the GASB’s Disclosure Framework Task Force and is a former president of the AAA Government & Nonprofit Section.

Wisconsin

Going Concern

OCTOBER 25, 2024

The Tax Practitioners Board, which regulates the country’s tax agents, told parliament on Thursday it is still investigating links to overseas partners who received confidential government information as part of its ongoing inquiries into potential wrongdoing by former PwC Australia personnel.

accounting and finance

Accounting Seed

MAY 1, 2025

Ensuring Financial Stability and Growth When Peterson came on board over a year ago, she was tasked with ensuring secure finances and stable growth. Previously, their accounting systems were completely outsourced, taking 60 days (sometimes more) to see a financial statement.

bookkeeping software

Menzies

NOVEMBER 18, 2024

The insolvency process is governed by a hierarchy of claims, ensuring that secured creditors, unsecured creditors, and other stakeholders receive their entitlements in accordance with the legal framework. Creditors should regularly review reports and financial statements, attend meetings, and ask relevant questions.

Legal

CPA Practice

NOVEMBER 7, 2024

Adoption 2024 Attestation Standards Update Consider the requirements in the interim attestation standards in connection with the PCAOB’s interim standards project.

auditor

Going Concern

MAY 22, 2025

TAX & ACCOUNTING CANDIDATE FTE Tax and Accounting Senior | Candidate ID #24262733 Certifications: CPA Education: BBA Accounting and Finance Experience (years): 14+ years of tax and accounting experience Work experience (detail): 7+ in public accounting Tax preparation and review for SMBs and HNWIs Tax planning and projections, client financial (..)

Real Estate

Going Concern

APRIL 9, 2025

And the government adds 27 firms to lists of companies subject to trade sanctions or export controls. The Commerce Ministry in Beijing says it will also impose more export controls on rare earths, which are materials used in high-tech products like computer chips and electric vehicle batteries.

accounting and finance