Auditing

January 20, 2013 

A city's former comptroller is heading to prison and the accounting firm that performed municipal audits is being sued for not noticing the theft of $54 million over a decade.

Isaac M. O'Bannon

January 17, 2013 

Ernst & Young LLP has received the award for Best Audit Services in the 2012 HFMWeek U.S. Hedge Fund Services Awards.

January 16, 2013 

Medical Marijuana Inc., an OTC publicly-traded business (MJNA), announced on Wednesday that it has signed a letter of engagement with the San Diego based accounting firm of Anthony W. Imbimbo & Associates to perform an audit of its financial records.

Isaac M. O'Bannon

January 16, 2013 

The district's school board has sought the forensic audit capabilities of Weaver LLP's El Paso office. The public accounting firm is one of the largest in regioinal, independent firms in the Southwest.

Isaac M. O'Bannon

January 14, 2013 

Accountants and business leaders say small businesses can take steps to protect themselves from employee theft. Good accounting practices are a must.

January 11, 2013 

KPMG’s Audit Committee Institute recently published its “Audit Committee Priorities for 2013.” The agenda aims to help audit committees remain focused on their top priorities and meet the governance challenges they will face this year. “The audit committee’s agenda is not getting any lighter,” notes Dennis T. Whalen, ACI’s Partner in Charge and Executive Director....…

January 10, 2013 

Aalysis reveals that an increased number of internal auditors will receive raises, specialized skills and certifications yield higher salaries, and employers are increasing their focus on work-life balance.

January 4, 2013 

The IRS has announced a revision to its voluntary classification settlement program (VCSP) that provides partial relief from federal employment taxes for eligible taxpayers who agree to prospectively treat workers as employees.

Jim Buttonow

November 26, 2012 

Bloomberg BNA – BNA Fixed Assets DesktopPro800-424-2938www.bnasoftware.com From the Dec. 2012 review of fixed asset management systems. Best Fit: Accounting professionals serving the asset management and depreciation needs of mid-sized and larger clients with potentially complex depreciation strategies. The system is also widely-used in-house by enterprises and government entities. Strengths Global/group/departmental edit capabilities Intuitive interface...…

November 26, 2012 

Bloomberg BNA, Inc. — Bloomberg BNA Tax & Accounting Center and Financial Resource Center800-372-1033www.bna.com From the Dec. 2012 review of tax research systems. Best Fit: Tax, accounting and legal professionals who want up-to-date tax law content, news and analyses. Strengths Complete integration of primary source documentation with Bloomberg BNA portfolios, which are written by experts...…

October 29, 2012 

CYMA Systems Inc. — CYMA Not-For Profit Fund Accounting Software800-292-2962 www.cyma.com From the Nov. 2012 Review of Nonprofit Accounting Systems. Best Fit: CYMA is a completely integrated modular financial management system designed for mid-sized nonprofits that require a scalable product that contains excellent customization capability. CYMA Not-For Profit Fund Accounting Software has offered mid-sized nonprofit...…

Mary Girsch-Bock

October 29, 2012 

PC Software Accounting, Inc. – Client Write-Up800-237-9234www.pcsai.com From the Nov. 2012 Review of Client Write-Up Systems. Best Fit: Professionals who want an installed, specialized write-up utility and who prefer a heads-down data entry approach. Also for firms using older systems looking for conversions into a new program. Strengths: Includes full GL, AP, AR and journals...…

Isaac M. O'Bannon