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. The logic there is a little bit interesting. We'll talk about that. How about you?

Tax 40

Tax Auditing Deposits Accounting 40

Compleatable

MARCH 15, 2023

B) Under paragraph 3 of Article 28 to the General Data Protection Regulation (EU Regulation 2016/679, GDPR) the Customer is required to put a written agreement in place with any organisation which processes Personal Data on its behalf governing the processing of that data.

Collections 100

Collections Auditing Accounting Accounting 100

AvidXchange

SEPTEMBER 1, 2017

According to Statista, the United States had over $322 billion in e-commerce sales in 2016, of which Amazon alone accounted for $46.7 trillion for 2016. For large businesses, this includes a dedicated internal audit department looking for security holes, compliance issues, and a lack of audit trail.

Billing 52

Billing Deposits Invoicing Computation 52

AvidXchange

FEBRUARY 20, 2018

In 2016, the Internet Crime Complaint Center (IC3) reported 120,000 cases of tax fraud solely from BEC scams. To make auditing and reporting simple, automation stores electronic payments and invoices for businesses. The most popular scamming methods for businesses to beware of are Business Email Compromise (BEC) scams.

Tax 40

Tax Invoicing Accruals Computation 40

IMA's Count Me

JULY 29, 2019

And then right after that is that data analytics of proactive data monitoring program is actually the number two way with surprise audits actually. Mitch : (06:59) So can you walk us through a little bit of your, you know, normal investigative work. What are some of the costs of doing a program internally for an organization?

CPA 40

CPA QuickBooks General Ledger Financial Statements 40

IMA's Count Me

AUGUST 5, 2019

How do I price myself to compete with that type of an audit offering? That was a, you know, that might have caused a lot of people to be very, very concerned because they were thinking about, you know, what's going to be next? Am I going to lose the bookkeeping work now? What's going to happen with that?

Accounting 40

Accounting Accounting Computation Collections 40

IMA's Count Me

SEPTEMBER 18, 2019

tagline is one that we're very, very proud of and you know, three years ago around 2016 we decided that we need to listen even better to what our members around the world are saying. And so in 2016 or so, we developed our first ever integrated ad campaign. Jeff Thomson : (08:28) Well, the, "You've got to earn it."

Management Accounting 40

Management Accounting Accounting Accounting Auditing 40

AvidXchange

JANUARY 4, 2018

Nearly 75% of companies were targeted in 2016. The advancement of treasury systems will also ease the auditing process with reports, data, and easy tracking of all accounts. Finance departments that work with foreign suppliers and buyers are often targeted with BEC scams via email for payments, primarily wire transfers.

Budgeting 40

Budgeting Deposits Reconciling Accounts Payable 40

IMA's Count Me

OCTOBER 12, 2020

The ultimate reporting objective is really trustworthy auditable accessible and machine readable information that is definitely relevant to user groups. Auditing is like shooting the wounded. We need continuous auditing and monitoring. Our paper really captures this at its most basic level, right?

Auditing 40

Auditing Management Accounting Accounting 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.

Accounting 40

Accounting Accounting Computation Accounts Payable 40

Cloud Accounting Podcast

AUGUST 11, 2020

They were taken private by Apollo Global Management in 2016 - a deal valued at $4.3 They instead bill by the week, apparently; that's what I learned in this ProPublica article. David Leary: [00:48:03] Yeah, basically they're like the Big Four, but they don't do audit, and that's why they're not an accounting firm. on Wednesday.

QuickBooks 40

QuickBooks Microsoft Excel Billing Payroll 40

Cloud Accounting Podcast

JUNE 28, 2020

David, you questioned why- how auditors could possibly have missed this for a decade, because Ernst & Young has been auditing Wirecard for 10 years. Ernst & Young had been signing off flawless audit, unqualified opinion, year after year after year. Cash is easy to audit. They're faking their books."

Bookkeeping 40

Bookkeeping QuickBooks Payroll Auditing 40

IMA's Count Me

JANUARY 10, 2021

I was in a seminar for, as a cybersecurity consultant for, President Barack Obama, between 20012 and 2016. Like for example, are putting a, as a senior audit on the accounting and finance team, it cannot happen like this. They told us a case where, the whitehouse was under attack. Roland: ( 26:57 ) Actually this is how it should go.

Auditing 40

Auditing Accounting Accounting 40

Cloud Accounting Podcast

JUNE 23, 2020

There are 10,000, over 10,000 preparers who prepared more than two million tax returns for clients in 2016, but who didn't file their own personal tax returns to report the income they received. I [00:35:00] don't know the audit process. That's the conflict of interest inherent in auditing. I do not, but how does that happen?

QuickBooks 40

QuickBooks Computation XERO Tax 40

Cloud Accounting Podcast

MAY 18, 2020

Well, do you remember how Mnuchin was threatening to audit every business that got a PPP loan? Then, Mnuchin started saying, "We're gonna audit people over 2 million; businesses over $2 million in PPP money are definitely gonna get audited." Then, they started saying that everybody's gonna get audited potentially.

Payroll 40

Payroll Billing Deposits Auditing 40

Cloud Accounting Podcast

MAY 26, 2020

I know we've been thinking, oh, it's gonna be 2016, 2017. Blake Oliver: [00:17:20] Yeah. Thankfully, during coronavirus, all of that thought leadership about how blockchain is going to eliminate the audit profession has disappeared. I'm wondering if we're now finally, finally in the year where desktop starts to really die.

XERO 40

XERO Accounting Accounting QuickBooks 40

Cloud Accounting Podcast

OCTOBER 1, 2020

Inflo, a data analytics company, has introduced Workpapers, a new audit module for end-to-end external digital audits, which I am sure are growing when you can't go to the office. David Leary: [00:36:44] Digital audits. Blake Oliver: [00:36:45] Yes, and actually I have a story. or just systems.

Accounting 40

Accounting Accounting QuickBooks CPA 40