Auditing
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Payroll Software Buyer’s Guide
Recap of the Accounting Thought Leader Think Tank – The Accounting Technology Lab Podcast – July 2024
How to Help Clients Navigate Nexus: A Guide for CPAs and Accountants
3 Reasons It May Look Like You Love the IRS More Than Your Family
Forensic Accounting Case Study Spotlights CFO Fraud
A client requested an initial audit to satisfy bank requirements of a wholesale/distributor of office products. The experienced team at Gettry Marcus performed the required audit procedures, but as it does with all clients, Gettry Marcus looked beyond the required steps.
Financial Restatements Fell Significantly During Past Decade
An in-depth academic analysis of trends and characteristics of restatements to public company financial statements in the United States in the 10-year period following the Sarbanes-Oxley Act (SOX) reveals a substantial drop in the number and severity of restatements.
Feds Charge Pennsylvania Woman with Embezzling $562K
Felicia Anne Straub knew that her boss suspected someone was embezzling from the Whitehall Township repo business where she worked as an office manager.
Former Director of Georgia State Fair Convicted of Embezzlement
Jurors deliberated about 90 minutes before finding the former Georgia State Fair director guilty of fiduciary theft. The trial began Monday in Bibb County Superior Court.
FASB Simplifies Inventory Management Guidelines
As part of an initiative towards simplifying accounting standards, the Financial Accounting Standards Board (FASB) has issued two proposed updates that are meant to ease the measurement of inventory and eliminate the requirements for extraordinary items
PCAOB Settles Suit Against Former Big 4 Accountant
Alleged violations involved ignoring or failing to properly address signs of improperly recognized revenue in significant unusual transactions.
Bookkeeper Accused of Stealing $400K
A 65-year-old New Mexico woman is accused of stealing nearly $400,000 from her employer, including forging more than 200 checks and paying $30,000 in mortgage payments via electronic transfers from her employer's account.
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ADP SmartCompliance Tax Credits System Undergoes First SOC 2, Type 1 Audit
The operations supporting ADP's SmartCompliance Tax Credits module have successfully completed its first Service Organization Controls (SOC) 2 Type 1 audit.