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Monday Morning Accounting News Brief: A Billionaire KPMG Alum; EY Split Stalled (Again); NSA Accountants | 11.14.22

Going Concern

Here’s a profile of KPMG alum slash billionaire Bill Stone and the good stuff he does for the people of his Indiana hometown. The NSA talks about what its accountants do on International Accounting Day : Todd and the Financial Reporting team relay important financial information to NSA’s overseers and others. “We

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College Accounting Programs Are Taxpayer-Funded Training Programs for the Big 4 and Other Such Muckraking

Going Concern

The need for formal financial statements is rare because lenders realize the high cost of audited financials is not beneficial to either party, so usually a tax return or basic prepared or compiled financial statement is provided. This is not a bad thing. Educate the media about small business.

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ERC IRS Audit Representation: Your Comprehensive FAQ Guide

MyIRSRelief

Businesses should be prepared to provide documentation supporting their ERC claims, including payroll records, financial statements, employment tax returns, and any other relevant records. What Documentation is Required During an ERC Audit? Can I Seek Professional Representation During an ERC Audit?

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All About the SSBCI for Skagit County Business Owners

SkagitCountyTaxServices

More than nine hundred and forty million is now headed to Arizona, Connecticut, Indiana, Maine, New Hampshire, Pennsylvania, South Carolina, South Dakota, and Vermont. Then, as you would for any business loan, collect financial statements, credit reports, and other key documents and fill out the loan application.

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Friday Footnotes: EY Split Drags Out; Advisory Firm Defrauds Clients; Student Loan Forgiveness and Taxes | 9.2.22

Going Concern

Accounting firm opens new office in LaPorte [ The Times of Northwest Indiana ] “The field of accounting has undergone significant change since our company began operating 30 years ago. “The new 36,000-square-foot office will have a podcast studio, golf simulator, pingpong table and other features.”.

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Friday Footnotes: Disengaged Team? Do This; Deloitte’s Huge India Expansion; Auditors Yelled At…Again | 3.24.23

Going Concern

The “M” is for manipulation, and uses a company’s financial statements to determine whether it is engaging in manipulation. Beneish, a professor of accounting at Indiana University who developed the M-Score in the 1990s, and several co-authors have calculated an aggregate score for nearly 2,000 companies. Now Messod D.

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Top accounting issues in 2023

ThomsonReuters

Solution : To measure whether a company has manipulated its financial reporting, Glendening and Shaw suggested the M-Score. Beneish at Indiana University, in the late 1990s. Financial reporting errors Financial statements contain critical information about a company’s financial position, cash flows, and results of operations.

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