CPA Practice

NOVEMBER 15, 2023

The American Institute of CPAs recently recognized three prominent Tax Division members during the 2023 AICPA & CIMA National Tax & Sophisticated Tax Conference and Fall Tax Division Meetings. Karl, CPA – 2023 Arthur J. Dixon Award is the highest award given by the accounting profession in the area of tax. Dixon Award.

Tax 112

Tax CPA cpas Washington 112

Accounting Insight

SEPTEMBER 14, 2023

ACCA commends FRC’s proposed changes as the accountancy body supports major overhaul of code in light of exponential change and disruption facing companies High quality corporate governance drives performance and accountability. Maggie McGhee said: ‘This is the right time for a full review and update of the Code.

Government 59

Government Account accountant accounted 59

CPA Practice

JANUARY 17, 2024

An insightful takeaway from 2023 is that for CPA firms and entities handling the intricate world of ongoing lease accounting this becomes even more critical. Until recently, spreadsheets held their ground as the go-to tool for accountants.

Technology 59

Technology Account accountant accounted 59

Going Concern

APRIL 8, 2024

Business Insider analyzed the US Office of Foreign Labor Certification’s 2023 disclosure data for permanent and temporary foreign workers to find out what Big 4 firms pay. Small or foreign audit firms often have high deficiency rates, and are typically only examined every three years by PCAOB inspectors. Last year, it ranked No.

auditor 56

auditor audit Account accountant 56

CPA Practice

APRIL 1, 2024

By Dr. Sangeeta Chhabra Here’s a sobering stat for accountants and business owners alike: 74% of data breaches occur due to human errors, encompassing mistakes, privilege misuse, stolen credentials, or social engineering. Familiarity with audit trails, authentication procedures, and session management contributes to overall data safety.

Education 122

Education Legal quickbooks audit 122

CPA Practice

MAY 19, 2023

May 2023 It’s hard to believe that this year is almost halfway gone, and some of our most important projects for helping our team and improving the tools we use are just now getting started. The accounting profession is undergoing a rapid digital transformation. Technology tools for your firm’s stack continue to improve and innovate.

Technology 130

Technology accounting firms audit payroll 130

Going Concern

NOVEMBER 27, 2023

We’ll have more on this story a bit later (thank you to the tipster who’s been in touch with info and insights). The state budgeted $5 million for the audit, which is being conducted by global consulting firm KPMG. ICYMI: A layoff situation has been brewing up north at PwC Canada, a spokesperson finally copped to it.

audit 88

audit Account accountant accounted 88

Accounting Insight

MARCH 4, 2024

Continuing its global rollout, the award-winning CCH iFirm is set to transform British tax and accounting practices by improving their efficiency and productivity Wolters Kluwer Tax & Accounting (TAA) has launched CCH iFirm ®, its award-winning cloud-based practice management and compliance software platform, in the U.K.

Tax 59

Tax Account accountant accounted 59

CPA Practice

FEBRUARY 6, 2024

AICPA Shares Plan to Strengthen Accounting Pipeline According to the American Institute of CPAs ‘ 2023 Trends Report, bachelor’s degree completions in accounting dropped 7.8% Meanwhile, 60% of firms surveyed reported that they expected to have the same or higher number of CPAs on staff in 2023 compared to 2022.

cpas 59

cpas CPA accounting careers Education 59

Cherry Bekaert

AUGUST 22, 2023

The Digest is intended to keep you informed of regulatory changes in advance of their effective date so that your institution can evaluate changes or updates to necessary policies, procedures and processes to be compliant at the time of enactment. In fact, there is increased regulatory focus on practices that may impact consumers.

accounting and finance 90

accounting and finance Legal Finance Account 90

CPA Practice

FEBRUARY 9, 2024

In June 2023, Hanover surveyed nearly 400 accounting, tax, and finance professionals from organizations across Europe and the United States. On top of that, you have to update certificates before they expire. In the event of an audit, the auditor will probably want to see exemption certificates from the audit period.

Sales 52

Sales Tax auditor accounting and finance 52

CPA Practice

JULY 27, 2023

A Top Technology Initiative Article – August 2023, With so much coverage of Artificial Intelligence (AI), ChatGPT, and many trying to be “the expert,” I thought it was past time to turn to help you with your AI strategy. How can AI make you a more effective and efficient accountant? What’s a strategy to get that job done?

Technology 98

Technology audit Education accounting and finance 98

CPA Practice

NOVEMBER 19, 2023

Sage, a maker of accounting, financial, HR and payroll technology for small and mid-sized businesses, has added new product updates in Sage Intacct for increased automation, deeper insights, and even stronger compliance. customers with the press of a button.

Technology 52

Technology Healthcare Hospitality accounting and finance 52

CPA Practice

NOVEMBER 15, 2023

Sage, a maker of accounting, financial, HR and payroll technology for small and mid-sized businesses, has added new product updates in Sage Intacct for increased automation, deeper insights, and even stronger compliance. customers with the press of a button.

Technology 52

Technology Healthcare Hospitality accounting and finance 52

CPA Practice

JUNE 19, 2023

By Girard Miller, Governing (TNS) S&P Global Ratings recently withdrew its credit ratings on 64 local governments after they failed to file financial updates on time because of staff shortages and delayed audits. So what’s changed in the supply chain for governmental accountants? Or is something else going on?

Government 98

Government Account accountant accounted 98

Cherry Bekaert

OCTOBER 5, 2023

Accounting , fondly known as the ‘language of business,’ tells the story of how a business is performing. 1) Fast-forward to present day and the fundamental concepts performed by modern bookkeepers and accountants remain, but functionality and performance look vastly different in the age of all things digital.

Real Estate 115

Real Estate Account accountant accounted 115

Cherry Bekaert

MARCH 7, 2024

On December 26, 2023, the proposed final rule for the CMMC Program, CFR Part 170, was published in the Federal Register. It is likely the OSC will need to update its System Security Plan to address the additional requirements from the proposed rule. The “CMMC 2.0” The rule may be implemented as early as March 2025.

audit 94

audit Government Start-ups Maine 94

Going Concern

JANUARY 26, 2024

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. company, in a process riddled with conflicts of interest. AI Is your firm keeping pace?

Account 107

Account accountant accounted audit 107

Going Concern

APRIL 24, 2023

Here are a few stories to whet your appetite for what promises to be a thrilling week in accounting ahead (obligatory /s). The study found that audit firms “are significantly more likely to remove” a partner from a continuing engagement when the partner issued an adverse internal control opinion in the previous year.

audit 52

audit Account accountant accounted 52

ThomsonReuters

FEBRUARY 16, 2024

The proper utilization and deployment of technological solutions alongside valued tax professionals is how successful tax departments deliver valued analysis, insights, and guidance for their organizations. This poses a particular risk for firms as tax audits and penalties are common , especially among under-resourced firms.

corporation tax 96

corporation tax Technology Tax accounting and finance 96

ThomsonReuters

JUNE 16, 2023

Is your firm running its gears on outdated accounting technology? In fact, a recent survey by Accounting Today found that half of the firms surveyed said they plan to boost their spending on technology in 2023. How do you know when your accounting technology is outdated? Does your technology lack scalability?

Technology 98

Technology Account accountant accounted 98

CPA Practice

DECEMBER 14, 2023

AICPA Recognizes 11 Outstanding Contributors to Forensic and Valuation Fields at Annual Conference AICPA recently honored the contributions of 11 finance professionals during the 2023 AICPA & CIMA Forensic and Valuation Services Conference held in Las Vegas in November.

forensic accounting 49

forensic accounting CPA accounting and finance cpas 49

ThomsonReuters

APRIL 18, 2023

The accounting profession has faced a profound shift in recent years: from significant regulatory changes to an influx of innovative technologies, to reimagined business models, to an increase in client expectations. What are the current issues in accounting? but there are several common hurdles that often run industry wide.

Account 52

Account accountant accounted Technology 52

ThomsonReuters

AUGUST 24, 2023

What are some Section 7216 insights for 2023 Software solutions for Section 7216 What is a 7216 consent form? For example, a tax preparer may use a client’s information to offer them additional services, such as financial planning, bookkeeping, or audit protection. What are some Section 7216 insights for 2023?

tax preparation 52

tax preparation tax return Tax Technology 52

Xero

SEPTEMBER 7, 2022

None more so than you all — our valued accounting and bookkeeping partners — who have helped your clients navigate a digital acceleration and shift their business models to survive (and thrive). . Another compliance update we shared with advisors at Xerocon Sydney was one of our most highly requested features: payroll history.

payroll 99

payroll general ledger bookkeeping audit 99

CPA Practice

SEPTEMBER 26, 2023

FloQast , a provider of accounting workflow automation software created by accountants for accountants, has announced several new additions to its cloud-native Accounting Operations Platform, which enables customers to streamline and manage the Financial Close, Finance and Accounting Operations, and Compliance Programs.

Entertainment 40

Entertainment accounting and finance audit Technology 40

Going Concern

JULY 28, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. According to his family, he originally had planned to become a chemical engineer but changed to accounting because of ongoing prejudice against Jews. News Obituary of Jerome A.

audit 76

audit Gambling Technology accounting firms 76

CPA Practice

SEPTEMBER 14, 2023

FloQast , a provider of accounting workflow automation software created by accountants for accountants, has announced several new additions to its cloud-native Accounting Operations Platform, which enables customers to streamline and manage the Financial Close, Finance and Accounting Operations, and Compliance Programs.

Entertainment 40

Entertainment accounting and finance audit Technology 40

CPA Practice

MAY 16, 2023

May 2023 It’s hard to believe that this year is almost halfway gone, and some of our most important projects for helping our team and improving the tools we use are just now getting started. The accounting profession is undergoing a rapid digital transformation. Technology tools for your firm’s stack continue to improve and innovate.

Technology 52

Technology accounting firms audit payroll 52

CPA Practice

MAY 12, 2023

May 2023 It’s hard to believe that this year is almost halfway gone, and some of our most important projects for helping our team and improving the tools we use are just now getting started. The accounting profession is undergoing a rapid digital transformation. Technology tools for your firm’s stack continue to improve and innovate.

Technology 52

Technology accounting firms audit payroll 52

Going Concern

MAY 19, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. ICYMI I Love Accounting. At its core, accounting is a challenging career that requires growth and learning and can usually pay pretty well. So I Had to Leave. [ So I Had to Leave. [

auditor 89

auditor audit accounting and finance South Carolina 89

Snyder

DECEMBER 22, 2022

This year we’ve met over 18k new awesome people who truly became a part of Synder – our e-commerce/SaaS business owners and accountants who are using our products on a daily basis and help us stay motivated. Let’s go through the positive moments again, getting them to illuminate the end of 2022 and the beginning of 2023.

E-commerce 52

E-commerce quickbooks general ledger small business accounting software 52

Going Concern

JULY 21, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. News Battle accountancy firm urges others to offer opportunities to Ukrainian professionals after successful placement [ SussexWorld via Yahoo! Six new search filters, including Part I.A

audit 84

audit Tax Manufacturing Government 84

Withum

FEBRUARY 1, 2023

Every year the top dealership accounting firms and CFOs converge to discuss the latest hot topics as they relate to dealerships and dealership accounting issues. Once the election is made, the taxpayers must use this method of accounting for 5 years beginning from the tax year the election was made.

accounting and finance 52

accounting and finance income tax Tax CPA 52

ThomsonReuters

APRIL 18, 2023

Therefore, preparing financial statements that are in compliance with generally accepted accounting principles (GAAP or U.S. GAAP) is paramount for accounting professionals and all of those involved in financial reporting. Principle of Sincerity: A company’s financial health must be honestly represented in its accounting.

accounting principles 52

accounting principles accounting and finance financial statements accounting standards 52

CPA Practice

OCTOBER 12, 2023

Technologists Randy Johnston and Brian Tankersley, CPA, discuss the latest trends in generative AI, and their impact on accounting firms. And we want to update you on developments in generative AI. They have, you know, just a bit as well as tax and accounting that they work with. Use the podcast player below to listen.

Technology 111

Technology quickbooks accounting and finance Legal 111

ThomsonReuters

JANUARY 2, 2024

While no details have been released so far, topics examined by the working group provide some insight. The role of private insurance companies In April 2023 , the Working Group met with a number of private insurance companies to discuss what role they currently play in state PFML programs and how they could serve in a national program. .”

Legal 52

Legal New Hampshire Colorado New Jersey 52