Mon.Aug 19, 2024

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PCAOB ramps up enforcement against auditors

Accounting Today

Enforcement by the Public Company Accounting Oversight Board against auditors in 2024 is off to its fastest start in recent years.

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Clients Can Have Peace of Mind with Rewind

Accounting Department

Since its establishment in 2015, Rewind has been dedicated to empowering businesses to safeguard their valuable SaaS and cloud data. With an impressive customer base of over 100,000 across 100 countries, Rewind's highly acclaimed apps and unwavering support have become the go-to solution for ensuring the uninterrupted operation of software-as-a-service applications.

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Art of Accounting: The vanishing buyers of small practices

Accounting Today

The shortage of buyers of small practices is because the potential buyers are not qualified to handle a small practice.

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How Kiwi Skips is shaking up New Zealand’s recycling industry

Xero

“I kept seeing a lot of useful material getting thrown out to the landfill, construction waste mainly, things like metal, wood, plasterboard and concrete which are all reusable with a little work,” says Dan Butterfield, owner of Kiwi Skips , a New Zealand-based on-demand skip hire company committed to sustainable waste management. “Watching it all go to waste felt wrong – but it was pretty easy to fix.

XERO 198
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From Start to Scale: Driving Growth Through Seamless Payments Implementation

Speaker: Michael Veatch, Senior Director, Implementations & Ella Aguirre, Director of Solution Consulting

Embedding payments can be a transformative step for software companies looking to enhance their platform capabilities, boost customer satisfaction, and drive long-term growth. However, the success of payments hinges on a single thing: implementation. Drawing on real-world insights and experiences, payments implementation experts Michael Veatch and Ella Aguirre will explore actionable strategies that can lead to a transparent, friction-free launch and mitigate potential challenges like technical

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The IRS teams up to fight scams

Accounting Today

A new coalition of tax authorities, industry groups and others is combining to stop tax-related schemes.

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Check kiting definition

Accounting Tools

What is Check Kiting? Check kiting is the deliberate issuance of a check for which there is not sufficient cash to pay the stated amount. This scam requires the use of two banks, where checks are written against a checking account in one bank, and deposited in an account at a second bank. The intent is to defraud the second bank by withdrawing funds from the second bank before it realizes that there are no funds in the originating account.

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What does a CPA do?

Accounting Tools

A CPA is a certified public accountant , and is engaged in a number of advisory roles for his or her clients. These roles include the tasks noted below. Of the following activities, the only one that a CPA is specifically certified to do is the audit. All of the other items can be provided by other parties who are not certified public accountants. However, the CPA designation implies a high level of training and expertise, since he or she is required to take a certain amount of continuing profes

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North Carolina joins IRS Direct File

Accounting Today

The Treasury Department and the Internal Revenue Service announced that North Carolina will be the latest state to join the IRS Direct File free tax program in filing season 2025.

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How To Use Automation Software to Manage Direct and Indirect Procurement More Efficiently

NextProcess

Whatever the industry your company operates within, it relies on procurement to a certain extent. No company is entirely self-sufficient, and purchasing plays a key role in keeping a business running. For some companies, though, procurement is particularly important. It’s a core part of the business. In any sort of production or manufacturing company, for example, procurement handles the process of acquiring goods to make the company’s products.

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Synapse crisis shows ledgers are key

Accounting Today

Many cutting-edge fintech companies, such as now-bankrupt Synapse, lack essential infrastructure to effectively reconcile transactions, track funds, and maintain visibility into ledgers.

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Amanda Adams, Fractional CFO, CPA

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

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How To Use Automation Software to Manage Direct and Indirect Procurement More Efficiently

NextProcess

Whatever the industry your company operates within, it relies on procurement to a certain extent. No company is entirely self-sufficient, and purchasing plays a key role in keeping a business running. For some companies, though, procurement is particularly important. It’s a core part of the business. In any sort of production or manufacturing company, for example, procurement handles the process of acquiring goods to make the company’s products.

AP 52
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A Tale of Two Niches - the 2025 ProAdvisor Awards Part 1

Insightful Accountant

Murph looks at a couple of the 'sub-categories' used by Insightful Accountant for both the 'Niche' and 'CAAS' Award categories. This week's sub-category is Payroll and Human Resources.

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National Day Rally 2024: Supporting Singapore’s Workforce with SkillsFuture Jobseeker Support and Level-Up Schemes

Counto

National Day Rally 2024: Supporting Singapore’s Workforce with SkillsFuture Jobseeker Support and Level-Up Schemes In his National Day Rally 2024 speech, Prime Minister Lawrence Wong introduced transformative initiatives that highlight Singapore’s ongoing commitment to nurturing a resilient and adaptable workforce. A key focus was the unveiling of the SkillsFuture Jobseeker Support scheme, aimed at providing crucial assistance to those facing involuntary unemployment.

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Cultivating a Culture of Continuous Learning in Tax Practices

Insightful Accountant

In the ever-evolving landscape of tax law and regulations, the ability to learn continuously is not just an advantage—it's a necessity. As tax practice leaders, fostering a learning organization can be the key to maintaining a competitive edge.

Tax 52
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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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Top 10 Cloud Cost Optimization Tools for 2024

finout

Cloud cost optimization tools are specialized software solutions that help organizations manage and reduce their cloud spending.

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Automating SOX Audits with RAG

Cloud Accounting Podcast

Blake Oliver meets with Josh Poresky, a recent college graduate working in audit at RSM. Josh describes his innovative AI project that uses retrieval augmented generation (RAG) to query PCAOB audit guidelines instantly. They explore how this technology could potentially automate up to 99% of staff work for internal controls testing in SOX audits and also highlight some of the challenges and future possibilities of implementing AI in auditing processes.

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Coverage ratio definition

Accounting Tools

What is a Coverage Ratio? A coverage ratio measures the ability of a business to pay its debts in a timely manner. Coverage ratios are commonly employed by creditors and lenders , both for their existing customers and new customers applying for credit. The ratios may be used internally, though usually only when loan covenants require that a business must maintain a certain minimum ratio or else face a loan cancellation.

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Tax deadline next year looms large as Democrats rally in Chicago

Accounting Today

Vice President Kamala Harris and former President Donald Trump have laid out widely divergent plans for handling the sunset date for many parts of the TCJA.

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Back to Basics with Reconciliations

Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.

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Expected rate of return definition

Accounting Tools

What is the Expected Rate of Return? The expected rate of return is the return on investment that an investor anticipates receiving. It is calculated by estimating the probability of a full range of returns on an investment, with the probabilities summing to 100%. Since the probabilities used in these projections are qualitative in nature, it is quite possible that two people using the same information will come up with different probability percentages, and therefore different rates of return.

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Negative assurance definition

Accounting Tools

What is Negative Assurance? Negative assurance is a statement by a CPA that no adverse issues have been found regarding the accuracy of a client's financial statements. This approach is usually taken in order to confirm that the CPA has found no evidence of fraud, or evidence that any required accounting practices were breached. This assurance is most commonly given in the following two situations: When the CPA is asked to render an opinion regarding financial statements that have already receiv