Future Firm

JUNE 8, 2023

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Accounting 52

Accounting Accounting CPA Tax 52

Cloud Accounting Podcast

JULY 7, 2020

I've got follow up on Wirecard, the Ernst & Young audit that apparently did not detect $2 billion in money that was missing. David Leary: [00:04:18] I've got some Wirecard, as well. Blake Oliver: [00:04:19] IRS news, appropriate for Tax Day coming up. He's a CPA, PFS, and CGMA. There's a tweet from Logan Graf, CPA.

Tax 40

Tax Auditing Deposits Accounting 40

IMA's Count Me

JULY 25, 2021

And, you know, the easiest throwaway answer of course is internal audit is the oversight, but I think that the answer is probably a little bit deeper than that. You got to have that vision to say, well, where is the puck going to be and start to position yourself to be in that right place to accept it and score.

Computation 40

Computation Accounts Payable Accounts Payable Accounting 40

Cloud Accounting Podcast

MARCH 30, 2020

The last time the IRS sent stimulus checks, in 2008 and 2009, it took more than two months to get the money in the mail. The fact that these deadlines haven't been extended is one of the reasons why, in most states, CPA firms are designated as critical businesses and are still open. They talk exactly about that.

Accounting 40

Accounting Accounting Payroll Billing 40

Cloud Accounting Podcast

JUNE 1, 2020

They just don't have the manpower to audit even a tiny fraction. So, maybe that's all they'll do is do a tiny fraction, and the rest will just get automatically approved, or they'll approve them conditionally, and then reserve the right to go back and audit years later. They don't know if they're gonna have. They're already in debt.

Tax 40

Tax Billing QuickBooks Payroll 40

Cloud Accounting Podcast

APRIL 27, 2020

The last stimulus, in 2008, it was twice that. Five years ago, the inspector general's office did audits of the SBA and found that they have longstanding security weaknesses and identified 35 open-information technology audit recommendations. Now, step back and do the math on this. 900 billion. Blake Oliver: [00:21:06] Right.

Accounting 40

Accounting Accounting Tax Deposits 40