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Professionals on the Move – Jan. 2024

CPA Practice

In his role as Audit Partner, effective December 1, Tang will be responsible for leading engagement teams that conduct audits of financial statements and other assurance services for public companies in a variety of different industries. Tang joins the firm from Marcum Asia CPAs LLP where he served as an Audit Partner.

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How to Make More Money With Artificial Intelligence

inDinero Accounting

Management relies on business financial reports to tell you whether business is good or bad and where to make adjustments to stay on the right track. It’s common practice for management to review financial statements at the end of the month. Taking humans to task.

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The Rundown | 2023 Mid-Year Report

Cherry Bekaert

The terms and conditions practical expedient is available to entities that are not: Public business entities, Not-for-profit conduit bond obligors, Employee benefit plans that file or furnish financial statements with or to the U.S. For example, in the pharmaceutical industry many public entities are reporting an immaterial allowance.

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Adventures in Research and Investigations

Withum

For example, we are often contacted by attorneys involved in damage claims against pharmaceutical companies related to cancer or mesothelioma diagnoses. In one case, an owner provided financial statements showing that the company had no cash, but his accountant told D&B that it had $1 million in the bank.

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Year-End Tax Planning Strategies for Businesses

KROST

Currently, a de minimis safe harbor under the repair regs allows taxpayers to deduct certain items costing $5,000 or less (per item or invoice) and that are deductible in accordance with the company’s accounting policy reflected on their applicable financial statement (AFS). Research Tax Credit (“R&D Tax Credit”).

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Friday Footnotes: PwC Partner$; The Ketamine Accountant; Deloitte Mexico Missed Some Stuff | 7.8.22

Going Concern

The three lenders—Crédito Real SAB de CV, AlphaCredit Capital SA de CV and Grupo Finmart—have discredited some financial statements as unreliable. All retained the same auditor for years: Deloitte Mexico, the Mexico City-based unit of Deloitte Touche Tohmatsu Ltd. Michael Meihaus (@MichaelMeihaus) July 8, 2022.

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