Tuesday, November 24, 2020

Complex accounting expertise or common sense? – New England In-House

As legal counsel to a public registrant, imagine your client asking for your advice on the following questions:

As farfetched as those questions sound, they are based on the actual facts in the recent Accounting and Auditing Enforcement Release issued by the U.S. Securities and Exchange Commission related to a settlement with Valeant Pharmaceuticals International.

Valeant is a publicly traded global pharmaceutical and medical device company that develops, manufactures and markets a broad range of branded, generic and branded-generic pharmaceuticals, over-the-counter products, and medical devices. The customer referenced above is a mail order pharmacy, Philidor Rx Services LLC.

logo
Publisher: New England In-House
Date: 3999BB2D894623F4AF6815FACA6133D9
Author: Joseph J Floyd
Reference: (Read more) Visit Source



Were you following this:

Grossman St. Amour in Syracuse hires three new accountants | Business | nny360.com

Katelyn E. Cook is a graduate of State University of New York College at Oswego. She has a master of business administration in public accounting, and a bachelor of science in accounting. Cook is a staff accountant in the firm's tax services group. She practices in the areas of bookkeeping, financial statement preparation, income tax return preparation, and payroll and sales tax return preparation for businesses and individuals. She completed the Grossman St.

Publisher: NNY360
Twitter: @wdtnews
Reference: (Read more) Visit Source



Art of Accounting: My seventh anniversary | Accounting Today

This is my 364 th weekly column and completes seven years without missing a post. Much thanks goes to Michael Cohn, my editor and occasional sounding board for ideas. It has been a great collaboration and friendship. I also could not have done this without readers and the many colleagues that call me with questions and a once in a while view contrary opinion.

I am grateful to have been in good health, along with the energy and ideas to be able to maintain the weekly pace and deadlines. Along the way this column was the 2018 recipient of the Eddie Award from Folio magazine for the best series in its category. The award's name is pure coincidence with no connection to me.

Publisher: Accounting Today
Date: 2020-11-23T16:47:10.728
Author: https www accountingtoday com author edward mendlowitz
Twitter: @AccountingToday
Reference: (Read more) Visit Source



Remote possibilities: Tax pros look to a distanced future | Accounting Today

The COVID-19 pandemic looks set to be a work mate for a while. Key for accounting firms and tax practitioners — where the business has historically relied on handshakes and talking to clients across no distance more safe than a width of a desk — will be how to operate in this coronavirus future.

"I fear that many tax professionals with separate offices, employees and person-to-person client contact have more difficult decisions to make," said Phyllis Jo Kubey, an Enrolled Agent in New York.

Publisher: Accounting Today
Date: 2020-11-24T14:00:58.071
Author: https www accountingtoday com author jeff stimpson 1641
Twitter: @AccountingToday
Reference: (Read more) Visit Source



Were you following this:

Accountants' Liability Tool Kit - Accounting and Audit - United States

There is a myriad of information relevant to Accountants' Liability matters. It can be time consuming and confusing finding the relevant authoritative guidance. FTI Consulting's experts have extensive experience as consulting and testifying experts for audit firms and their counsel.

We have assembled this tool kit of resources to help you navigate through the relevant guidance. Topical areas include:

* * *

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Author: There is a myriad of information relevant to Accountants Liability matters It can be time consuming and confusing finding the relevant authoritative guidance
Reference: (Read more) Visit Source



Top 7 Real Estate Accounting Tips for a Good Year-End — RISMedia |

As we approach the end of 2020, now’s the time to start preparing so your year-end is as easy and stress-free as possible. It might still be November, but it is never too early to start taking steps to make sure you start 2021 on the right financial foot. This means cleaning house and making sure your books are in order well before it’s time to break out your 2021 calendar.

1. Make sure your software is up to date.
Using the most updated software is especially important at year-end to make sure your platform is accounting for all the regulatory changes in effect. If you use QuickBooks®, make sure you’ve upgraded your application to the latest release. This will ensure that you have access to the latest tax forms, especially 1099s. If you have Automatic Updates turned on, you’re all set.

Date: rismediaupdates
Twitter: @rismediaupdates
Reference: (Read more) Visit Source



State's oldest accounting firms maintain stability | MS Business Journal | djournal.com

Longevity is a good thing in the business world, and Mississippi has a number of accounting firms that have stood the test of time. Two of those are Taylor, Powell, Wilson & Hartford of Greenwood and May & Company of Vicksburg.

* * *

Founded in 1917, Taylor, Powell, Wilson & Hartford long ago developed an acceptable annual owner compensation arrangement that depends on several performance factors but primarily individual productivity and a fair workable buy-out arrangement for retiring owners, spokesman Howard Davis said regarding the firm's longevity. "That provides incentives for staff members to remain and grow with the firm and to become owners when the time is right.

Publisher: Daily Journal
Date: 2020-11-23T12:18:00-0600
Author: LYNN LOFTON
Twitter: @mbjournal
Reference: (Read more) Visit Source



Online Accounting Update for Software Companies Conference (January 21-22, 2021) -

The new online Accounting Update for Software Companies conference takes place on January 21-22, 2021. The agenda will split half the time on revenue recognition issues and the remainder on developments in other key areas. There will be plenty of examples and a detailed case study.

* * *

ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Twitter: @Yahoo
Reference: (Read more) Visit Source



Happening on Twitter

No comments:

Post a Comment

The Relevance Of The Natural Sciences Methods In Economics

Reference:...