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It is not always immediately obvious when a client’s audit will lead into a criminal case but understanding tax fraud is key to identifying early warning signs. Expert tax attorney Venar Ayar, JD, LL.M., founder of Ayar Law, shares best practices for handling a sensitive audit and insights on how the IRS conducts its investigations.
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The Accounting and Auditing Certification Program (AACP) offered through the accounting department at Aquinas College will begin its next cohort next month, but there is still time to enroll. Find out how the AACP helps non-CPA professionals working in the accounting industry be more effective in their roles and what it is that sets this certification program apart from others.
Great Resignation: Is Disability Insurance the Hot, New Benefit? Metlife’s 2021 U.S. Employee Benefit Trendy Study indicated 80% of employers intend to increase their investment in employee benefits. Among those benefits under consideration for expansion are short and long-term disability, but is this the right move for your firm or your client’s business? Paychex breaks down the differences between each…
Mergers and acquisitions are up, but before making a purchase, whether as an individual or as an addition to an established firm, knowing all available options for purchase is critical. For example, according to APS Holmes, purchasing a practice is typically done through a number of financing options, rather than with a lump sum payment.
Because smaller operations tend to have fewer resources and less security expertise than larger companies, cybercriminals view small-to-medium enterprises (SMEs) as prime targets. According to SensCy, protecting sensitive client information is less about chasing innovations in software, and more about persistent cybersecurity awareness and policy training for employees…
The domino-like collapse of Enron and other high-profile publicly traded companies in the early 2000s demonstrated the need for updated accounting and auditing standards. As the Sarbanes Oxley Act (SOX) turns 20, we take a look at what led to its inception and what might lay ahead as the landscape of the financial industry continues to undergo technological evolution.
Quality control is getting a facelift with the implementation of the AICPA’s new quality management standards system. What follows is a brief overview of everything new about SQMS.
The banking industry has begun implementing the new current expected credit loss (CECL) standard issued by the Financial Accounting Standards Board (FASB), but unforeseen externalities have made transition somewhat bumpy according to recent reports. Find out how banks accounting for potential losses throughout the COVID-19 pandemic, subsequent logistical setbacks and current global geopolitical unrest has tested the new CECL standard in ways that have analysts casting a jaundiced eye at the banking industry’s traditional performance indicators.
The backlog at the IRS will continue to present challenges for agents and tax professionals through 2022, which is why understanding the structure and organization of the agency is more important that ever. Join the MICPA and Ayar Law for an in depth review of the various IRS functions as well as tips and best practices for navigating the agency at the upcoming MICPA conference, Tax Professionals and the IRS: Successfully Working Together, on Jun. 16.
During a recent Faculty Hour webinar hosted by This Way to CPA, Michael Decker vice president CPA Examination and Pipeline, AICPA, discussed the many changes ahead for the infrastructure of the CPA Evolution Exam. While awaiting the recording of the full event, check out an overview of the key takeaways addressed in his presentation.