Accounting Archives | Huntersure

Identifying Financial Statement Fraud

Posted on: July 30, 2020 by Huntersure LLC.

In the late-1990s and early-2000s, major corporations found themselves setting up the foundation for the United States’ economic recession in 2008. How? Through such actions as financial statement fraud, a deceptive method where financial information of a company is misrepresented, resulting in unauthorized benefits to the company or individuals within it. Most notably, corporations such […] Read More

Minimizing Potential for Accountant Malpractice Lawsuit

Posted on: April 9, 2020 by Huntersure LLC.

Even though this year’s tax season deadline has been pushed back until July due to the coronavirus, accounting professionals are hard at work with their clients’ tax and financial information. This extra time is great for accountants to get caught up on their work while preparing for a shortened tax season next year. The change […] Read More

Signs of Fraud in an Accounting Business

Posted on: March 19, 2020 by Huntersure LLC.

Internal fraud in a business can come in many forms. From hourly employees who take money from the cash register to top-level executives who might falsify their revenue numbers, fraud is a major issue that hurts a business and its professionals. According to an ACFE (Association of Certified Fraud Examiners) Global Fraud Study, a typical business […] Read More

5 Trends to Expect for Accounting in 2020

Posted on: January 9, 2020 by Huntersure LLC.

There are a number of industries that have been able to operate steadily without too much change, no matter the trends around them. One is the accounting field, which has operated on tried and true methods over the years. But, like practically every industry around it, accounting is set for major changes heading into the […] Read More

Everything Accountants Should Do Before the Year Ends

Posted on: December 5, 2019 by Huntersure LLC.

With the holidays settling in and another year coming to an end, accounting professionals should be looking to finish the year off on a good note by avoiding different risks and liabilities that can creep up. From taking care of spreadsheets to buttoning up invoices, accountants have a lot to take care of in order […] Read More

4 Ways Accounting Clients Can Improve Their Business Communications

Posted on: October 10, 2019 by Huntersure LLC.

Accountants and financial advisors have great attention to detail and an ability to analyze numbers and find solutions. While these great technical skills are enviable in their trade, it’s the softer skills, such as communications, that may need some sharpening. Business communication for accountants can always be revisited and fine-tuned as some CPAs struggle with […] Read More

Accountant Liability: The Legal Definition

Posted on: August 22, 2019 by Huntersure LLC.

Accountants have a lot on their plate during tax season, but in reality, their work never really ends. And when it comes to dealing with a company’s taxes or someone’s personal financial information, there is plenty of room for mistakes to be made. An accountant’s liability describes the legal liability assumed while an accountant performs […] Read More

The Main Legal Liabilities of Auditors

Posted on: July 25, 2019 by Huntersure LLC.

Every year, tax professionals gear up for a lively financial season that starts in January and carries on through the summer when most people choose to begin making their tax payments. For auditors, the entire year is basically one big tax season, so concerns about legal liability and their responsibilities can virtually be under the […] Read More

Refocusing Accountant Efforts on Fraud Detection

Posted on: May 16, 2019 by Huntersure LLC.

Fraud is on the rise all across the country and across many industries. From personal tax returns to companies taking advantage of their clients, fraud continues to be a major issue. In New York, there are already efforts to combat fraud in state taxes, meaning the alarm bells for fraud, in general, are already sounding. […] Read More

Today’s Top Challenges for Accounting Firms

Posted on: May 9, 2019 by Huntersure LLC.

Tax season is in full force and accountants all over are taking care of returns for clients and companies, making sure they get everything checked off to avoid discrepancies. But outside of the annual tax duties that accountants face there are still a number of responsibilities they carry throughout the rest of the year. The […] Read More