Remove tag audits
article thumbnail

BDO USA, Two Audit Partners Tagged with Fines for Breaking PCAOB Rules

CPA Practice

BDO USA was fined $2 million and two of the firm’s partners were fined a total of $60,000 by the Public Company Accounting Oversight Board (PCAOB) for failures in connection with the 2017 audit of AAC Holdings, which through its subsidiaries provides inpatient substance abuse treatment services, the audit regulator said on Tuesday.

audit 52
article thumbnail

Building a better P2P solution at breakneck speed.

Airbase

View Airbase transactions right in NetSuite, with one-click access to the entire audit trail in Airbase. Improve security and auditability by reviewing any requests to change vendor information made by your team. GL tag policy. Reduce sync errors by configuring your tag policy in Airbase to match the tag policy in your GL.

NetSuite 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How not to tank your sales tax audit (part 1)

TaxConnex

If you are a business that must collect and remit sales tax, an audit is probably one of your biggest fears. Rightly so: Sales tax audits can find fault with a variety of your operations and can cost you big– if the determination goes against you. Not expecting an audit. Why would you get tagged for audit?

audit 163
article thumbnail

5 Tips to Minimize Risk Associated with Sales Tax Audits

TaxConnex

If you are a business that must collect and remit sales tax, an audit is probably one of your biggest fears. In fact, our annual survey of financial professionals on sales tax trends has ranked sales tax audits as a top worry for the third year in a row. If the number of audits has remained the same, why is it a top worry?

audit 130
article thumbnail

COUNTERPOINT: IRS Should Not Be Trusted With Direct File

CPA Practice

The agency wants to file the citizen’s taxes, collect that money, and double back to conduct audits—without any mediating institution to gainsay potential (nay, likely) abuse. An audit by the Treasury Inspector General for Tax Administration (TIGTA) could not confirm the IRS’s cost assumptions—nor could the agency meaningfully defend them.

article thumbnail

IRS Audit & Appeals Help – How the Inflation Reduction Act Affects

MyIRSRelief

In particular, the expansion of the IRS and it tax enforcement arm will result in more taxpayers seeking IRS audit & appeals help as it comes into effect starting next year. Understanding the expansion of the IRS and how it affects you will assist in reducing the chances that you will be audited. Services to Taxpayers: +$3.2

audit 130
article thumbnail

Professionals on the Move: Sept 2023

CPA Practice

TAG Alliances Welcomes Ray Polantz of Cohen & Company as New Advisory Board Member TAG Alliances, a leading multidisciplinary alliance of independent professional services firms, recently appointed Raymond Polantz, Tax Partner at Cohen & Company as its newest Advisory Board member.