This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
With accounting talent in short supply, many firms are paying a premium for external hires instead of promoting their internal talent. My firms compensation data, collected in 2024 and 2025, shows that accounting firms paid 7% more to bring in outside senior analysts in tax and audit than they paid internal staff in the same positions.
EDT 1 Min Read Facebook Twitter LinkedIn Email The Public Company Accounting Oversight Board reported that deficiency rates remain high across examination, review and audit engagements for auditors of broker-dealers. All rights reserved. Courtesy of PCAOB Results were consistent year to year across firms review engagements.
By Michael Cohn July 22 Audit PCAOB revokes Hong Kong firm's registration The Public Company Accounting Oversight Board sanctioned Centurion ZD CPA & Co. All rights reserved. billion, threatening taxpayer service and enforcement.
Key Takeaways: Understand the hidden risks and limitations of using spreadsheets for lease accounting 🔍 Learn how spreadsheet errors can lead to financial misstatements, compliance violations, and audit nightmares 📝 Discover the benefits of adopting dedicated lease accountingsoftware to streamline your processes and mitigate risks (..)
audit clients are ready to change firms within the next three years, according to a new report. audit clients are ready to change firms within the next three years, according to a new report. Inflos "Creating a New Audit Experience for U.S. All rights reserved. Five percent of respondents answered "nothing."
By Michael Cohn June 16 Audit Broker-dealer audit deficiency rates remain high The Public Company Accounting Oversight Board reported that deficiency rates remain high across examination, review and audit engagements. All rights reserved. By Paige Hagy June 16 Like what you see?
By Michael Cohn 5h ago Audit Climate risk could slash earnings 7% by 2035 Extreme weather events like wildfires and hurricanes could drop corporate earnings up to 7.3% All rights reserved. by 2035, KPMGs 2025 Futures Report found.
By Michael Cohn 11h ago Audit Auditors' pessimism about economy surges Audit partners pessimism about the U.S. economy surged from 10% in the fall to 44% today, according to a Center for Audit Quality report. All rights reserved. PA, based in the Charlotte metropolitan region, effective July 1.
EDT 4 Min Read Facebook Twitter LinkedIn Email A great benefit of my five-decade career in internal auditing and risk management is the opportunity to work with young people. One of the biggest challenges facing internal auditing and accounting is recruiting the next generation of workers to each respective profession.
Accountants manage a high volume of sensitive information daily, covering everything from client tax details and payroll reports to audit documentation and financial disclosures. Together, these two elements serve as the backbone of reliable financial reporting, timely filings, and successful audits. All rights reserved.
Identify opportunities Assess pain points in tax, audit, scheduling, and advisory workflows. Audit data preparation : Use algorithms to download client data, generate trial balances, and perform risk analysis. All rights reserved. Identify routine tasks that consume excessive time during peak periods.
By Michael Cohn June 16 Audit Broker-dealer audit deficiency rates remain high The Public Company Accounting Oversight Board reported that deficiency rates remain high across examination, review and audit engagements. All rights reserved. By Paige Hagy June 16 Like what you see?
Acting chief accountant Ryan Wolfe will be returning to his role as chief accountant in the Division of Enforcement. Hohl has close to 40 years of accounting and auditing experience. Wolfe has served as acting chief accountant since January 2025. All rights reserved.
Accounting Economic indicators Small business MORE FROM ACCOUNTING TODAY Audit SEC plans ahead for PCAOB takeover The Securities and Exchange Commission is making plans in case it inherits the Public Company Accounting Oversight Boards duties if the tax bill passes. All rights reserved.
He operated an online marketing business for software installation, earning several million dollars from 2013 through 2015. Bui anticipated that the transactions would be audited. By Michael Cohn 7h ago Audit PCAOB sanctions firm, partner on five audits The Public Company Accounting Oversight Board sanctioned Heaton & Co.
Advisory and audit solutions provider Fieldguide announced that BDO Belgium has selected Fieldguides end-to-end engagement platform as the foundation for the firms next chapter of technology-driven client services. All rights reserved. Ryans solution automates this process using statistical sampling in accordance with IRS Rev.
Practice management Private equity Business development MORE FROM ACCOUNTING TODAY Audit IIA updates competency framework for internal auditors The Institute of Internal Auditors presented its updated competency framework for internal auditors during its international conference this week in Toronto. All rights reserved.
Practice management Business development Accounting firm services Client strategies Artificial intelligence MORE FROM ACCOUNTING TODAY Tax One Big Beautiful Bill full of impactful tax provisions The bill, whose revised text was just released by the Senate, includes a number of significant tax provisions for both corporate taxpayers and nonprofits.
CLA ( [link] ): The FDIC has proposed significant updates to 12 CFR Part 363 (FDICIA), which governs annual independent audits and reporting requirements for insured depository institutions. All rights reserved. Parametric ( [link] ): And the bills impact on mid-year tax planning. What the proposed rules and what they would mean for banks.
By Michael Cohn July 22 Audit PCAOB revokes Hong Kong firm's registration The Public Company Accounting Oversight Board sanctioned Centurion ZD CPA & Co. All rights reserved. billion, threatening taxpayer service and enforcement.
DocuClipper is an OCR-powered financial document processing tool that converts bank statements, credit card statements, invoices, receipts, and brokerage statements into Excel, CSV, or accountingsoftware-ready formats. AutoEntry Automated data entry for accounting No Yes Ease of use, accounting integration SMBs, accounting firms 3.8
Avalaras new APIs allow for e-filing of 1099s with the IRS without even creating a FIRE account. Wolters Kluwer releases AI audit documentation solution Wolters Kluwer HQ Wolters Klower announced TeamMate+ AI Editor, a generative AI writing engine designed to enhance the quality of audit documentation with data protection and safeguards.
By Michael Cohn 11h ago Audit Auditors' pessimism about economy surges Audit partners pessimism about the U.S. economy surged from 10% in the fall to 44% today, according to a Center for Audit Quality report. All rights reserved. PA, based in the Charlotte metropolitan region, effective July 1.
Experience-driven; may include certified financial planner (CFP) or strategic expertise Example use case Implementing accountingsoftware Advising on business growth and risk management Breaking it down further Once a consultants project is complete, so is the engagement. An advisor is different.
aims for operational excellence July 21, 2025 10:01 AM 2:36 Facebook Twitter LinkedIn Email Transcription: Transcripts are generated using a combination of speech recognition software and human transcribers, and may contain errors. All rights reserved.
Software-as-a-service models may charge monthly based on the number of licenses, invoices, or payments processed. Some AP automation companies may charge additional fees for customizing the system or integrating it with your enterprise resource planning (ERP) and accountingsoftware.
Gary Boomer June 9 Audit Two-thirds of clients ready to change auditors Seventy percent of U.S. audit clients are ready to change firms within the next three years, according to an Inflo report. All rights reserved.
All rights reserved. By Chris Gaetano CloseText About Chris linkedin chris-gaetano-870989232/ June 25, 2025, 4:00 p.m. By Chris Gaetano CloseText About Chris linkedin chris-gaetano-870989232/ June 25, 2025, 4:00 p.m.
Madison Street Advisors offers tax planning and preparation, focusing on audit mitigation strategies and reduction of audit profiles. It also offers bookkeeping services, audit defense and resolution, and other business services. "We All rights reserved.
By Michael Cohn June 16 Audit Broker-dealer audit deficiency rates remain high The Public Company Accounting Oversight Board reported that deficiency rates remain high across examination, review and audit engagements. All rights reserved. vice chair of AI and digital innovation. By Paige Hagy June 16 Like what you see?
Blockchain and secure e-signature tools streamline audits and reduce legal risks. Environmental, social, and governance (ESG) reporting and predictive analytics help firms attract enterprise clients and position accountants as essential advisors. This technology matters, especially for audits and compliance.
While many accounting graduates pursue careers in finance, this degree provides a solid foundation for roles in auditing, tax, and other sectors of the financial world. If a finance career sounds intriguing to you, read on and discover what jobs you can get with an accounting degree. Why choose a career in accounting?
Chris Gaetano Technology Editor, Accounting Today linkedin Technology Practice management Document management Tax Software integration MORE FROM ACCOUNTING TODAY Practice management Crete to spend $500M to buy firms and upgrade them with AI The money represents new capital, and this initiative will run parallel to Cretes ongoing acquisition efforts.
We organize all of the trending information in your field so you don't have to. Join 52,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content