Last time I mentioned Peregrine Financial Group here, the news was that the CEO has signed a plea deal.
Today he was sentenced to 50 years in prison – Chicago Tribune – Former Peregrine CEO Wasendorf gets 50 years in prison
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Peregrine Financial Group CEO gets 50 year sentenceRead More »
The severe changes we see around us are not going to stop. In fact the rate of change is going to increase. This will turn our lives as CPAs upside down just like it is going to drastically affect everyone else.
Think about this:
Don’t believe me? Try this one on for size. What happens, tax preparers, when someone releases a mobile app that files your taxes for you? That ain’t science fiction — it’s already happened. It’s not much of a stretch to imagine a day when CPAs won’t be doing tax returns at all. What happens then?
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On my other blog, Nonprofit Update, I have an explanation of the differences between the 3 levels of services we provide as CPAs.
There won’t be anything new in the post for CPAs. It might give some good information to your clients though.
If it is helpful to explain to your clients the different levels of service, you could refer them to that page, or you could link to the page. I don’t give permission to copy the post. You can refer your clients or potential clients to it, if doing so improves your client’s understanding.
The post in long in terms of the norms for the blogging world and short in term of giving a full explanation of the level of services. I hope it will be helpful for our clients.
Check out: Level of Services Provided by a CPA – The Differences Between Compilations, Reviews, and Audits
(Cross posted from my other blog, Nonprofit Update.)
Tragedy of Fraud – The Ripple Effects from Fraud and the Wages Earned will be released soon in Kindle format. This is a compilation of blog posts about the damage caused by fraud. It will also discuss the fraud triangle.
The sections of the book are:
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‘Tragedy of Fraud’ in e-book format – soon to be releasedRead More »
(Cross-post from my other blog, Nonprofit Update. This idea might be useful for your firm or one of your clients.)
If you only need a simple website, think about setting it up using blog software to save time and cost.
Why?
Websites can be very expensive to set up, if you contract it out. Making any changes requires coordination with your contractor and takes time.
If you use a simple website that provides standardized templates, like GoDaddy, the cost is low but it still takes a fair amount of time to maintain. In my experience the software is very slow. It is also cumbersome to ‘publish’ every time you want to make any change.
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Previous post discussed the $8.5B settlement with the large banks regarding the foreclosure issues in the last few years.
Seems to me that there are a number of additional questions we need to ask about the housing bubble.
We need to keep asking questions
Here are just a few of the paths for further discussion:
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This is the first of several posts talking about new issues in the compilation and review world.
Last week I read the 2012/13 comp and review risk alert, available here from the AICPA.
Yes, yes, I know I should have read this about 45 days ago. Just a wild guess, but I’ll guess I’m not the only one that has not gotten around to looking at this before now.
I’ll mention a few highlights. If you provide compilation or review services to your clients, it would be wise to read the alert yourself.
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Highlights from compilation and review risk alert – Clarity projectRead More »
(Cross-post from my other blog, Nonprofit Update.)
I am pleased to report that my firm received a pass rating on the peer review which was performed in November 2012.
The peer review program is a process the CPA profession has developed to look at the quality of audit and other attestation work performed by CPAs. Firms are inspected by other firms to evaluate compliance with various professional standards.
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Ulvog CPA firm receives “Pass” rating in Peer ReviewRead More »
Eighth and final report in a series.
I passed my fourth peer review.
Today I received notice that the Peer Review Committee accepted my report on January 10, 2013. That means I can talk about the report.
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Journey through a peer review – ‘pass’ report accepted by Peer Review CommitteeRead More »
I have a post on my other blog explaining that a 1968 movie, The Producers, gives a great illustration of the fraud triangle.
First opportunity, then motivation, followed by rationalization. Then a full-steam-ahead fraud.
Of course, in any good melodrama the bad guys get caught in the end. The scammers go to prison.
… Where they commit the fraud again.
Check out my post, Fraud triangle illustrated in a movie.
(Cross-post from my other blog, Nonprofit Update.)
Check out the web address www.senatorfeinstein.com. The address goes to a blog.
You would think it is related to the senator from California, right?
Not so fast.
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The Office of State Auditor (OSA) has issued several official reports on the fabricated June 30, 2011 financial statements from the New Mexico Finance Authority. You can find two of the reports here and here.
This is the third in a series of posts on the reports. Previous posts are here and here.
Are lots of new procedures needed inside NMFA?
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Official report on New Mexico Finance Authority’s faked audit report – Part 3Read More »
(Cross-post from Nonprofit Update.)
There are so many fascinating industries in the economy. Why do so many of my posts talk about banking?
Why do I have so many blogs?
And where will I put future conversation on banking?
My experience with financial institutions
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Why I’m talking about banking and why I have so many blogsRead More »
(This was initially posted to my Outrun Change blog. It’s getting reposted here, on the Attestation Update blog, because I’ve decided to move my banking conversations to this blog.)
I’m scratching my head about the $8.5 billion settlement between 10 banks and regulators. Is it a shakedown or are the banks getting off easy?
Do we need to be asking even more questions about what happened in the Great Recession?
I’ll highlight a few articles so you can start to explore the issue for yourself.
Background
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Here are three posts from my other blog, Outrun Change, looking at some implications of the rapid technology change taking place around us.
New technology is very cool, yet we need to ponder the implications: