| Subject | Date Asked | Expert |
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| Auditing & Accounting | 9/24/2008 | Consuelo Herrera, International Accountant and Fraud Examiner |
Q: How much is the new starter / fresh graduated from Accounting degree paid in US? first as auditor in ...
A: Regarding compensation, it depends. Fresh graduated with experience and certifications, could make ...
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| Now what? | 9/23/2008 | Consuelo Herrera, International Accountant and Fraud Examiner |
Q: you have nicely answered my previous question concerning my ss8 filing. Thank you for that. Now I ...
A: Hope things get better in your relationship with the IRS. Concerning this particular situation, ...
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| Now what? | 9/22/2008 | Consuelo Herrera, International Accountant and Fraud Examiner |
Q: you have nicely answered my previous question concerning my ss8 filing. Thank you for that. Now I ...
A: Good to hear that the IRS ruled on your behalf. I would suggest that you contact the taxpayer ...
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| hi | 9/13/2008 | Consuelo Herrera, International Accountant and Fraud Examiner |
Q: "Please answer what u can Background: under the affordable housing program there are lotteries for ...
A: I am sorry but this is not an area of my expertise. I hope you find this answers with a ...
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| Accountant filed for Chapter 7 | 9/3/2008 | Consuelo Herrera, International Accountant and Fraud Examiner |
Q: I am graduating soon and I am feeling very nervous about looking for a job. The reason being is that ...
A: Congratulations on your graduation. The issue related to finances will come up right from the ...
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| SS8 Status | 8/19/2008 | Consuelo Herrera, International Accountant and Fraud Examiner |
Q: I was wondering if you have any idea exactly how long it takes to receive the determination status ...
A: I understand your frustration and I found that very unusual that you have not received a response. ...
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| Audit workpapers | 8/14/2008 | Consuelo Herrera, International Accountant and Fraud Examiner |
Q: We are switching audit firms. The previous firm says it will charge a considerable fee for the new ...
A: I apologize for not providing you with a response sooner. Communications between predecessor and ...
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| career change? | 8/4/2008 | Don Sadler |
Q: Don, I read some of your previous answers and am very glad to have found this site. I graduated ...
A: Sophia, Short answer: Yes, AND a CPA is not required for a successful & satisfying audit career. ...
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| Career question | 7/24/2008 | Don Sadler |
Q: I graduated in 2001 majoring in Finance and Accounting. Since then, my work environment has not ...
A: Congratulations on your interest in being an auditor. There is no question about the CPA ...
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| hi | 7/21/2008 | Consuelo Herrera, International Accountant and Fraud Examiner |
Q: please answer wat u can" thanks! hi,i get ssdi from the SSA and am wondering if <and in general < ...
A: Sorry for the delay but I have to do more research on this matter. I will get back with you soon ...
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| TAX RETURN AUDIT | 7/10/2008 | Consuelo Herrera, International Accountant and Fraud Examiner |
Q: hope i am at the right place to ask this q'; I live in the state of Florida. my tax return is being ...
A: You are asking questions about two different matters here. According to your question you are being ...
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| form SS-8 | 7/9/2008 | Don Sadler |
Q: My husband is an actual employee (according to the IRS) but was treated as a sub contractor for 1 ...
A: As it says in my profile, I am not a tax expert so if you accept that as a caveat, here is my ...
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| Bishop's Report? | 7/8/2008 | Consuelo Herrera, International Accountant and Fraud Examiner |
Q: This is the longest of longshot questions, but worth a stab. When I was ten years old--nearly sixty ...
A: Honestly, I have not heard of that report pertaining to a credit or background report. I did my own ...
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| CPA designation | 7/7/2008 | Consuelo Herrera, International Accountant and Fraud Examiner |
Q: I am a recent graduate from a Canadian B.Com program ready to pursue the CPA designation. However ...
A: Congratulations on your degree!You are embracing a very rewarding career and an ongoing learning ...
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| Audit danger? | 6/15/2008 | Don Sadler |
Q: I heard that the works of an auditor comes with danger including being threaten and even murdered to ...
A: As an auditor you often have an adversarial with the people you are auditing. In some organizations, ...
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| Audit danger? | 6/15/2008 | Consuelo Herrera, International Accountant and Fraud Examiner |
Q: I heard that the works of an auditor comes with danger including being threaten and even murdered to ...
A: What you heard somehow is true. Those threats have been more toward investigators of financial ...
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| Career related questions | 6/14/2008 | Don Sadler |
Q: What are the career opportunities to gain for being an auditor? Is the income good? How significant ...
A: CPA is the best certification you can obtain. Each industry has certification particular to that ...
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| Career related questions | 6/14/2008 | Consuelo Herrera, International Accountant and Fraud Examiner |
Q: What are the opportunities to gain for being an auditor? Is the income good? How significant is ...
A: Auditors professionals are required almost in every corporation and even small business should have ...
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| is CPA right for me? | 6/3/2008 | Consuelo Herrera, International Accountant and Fraud Examiner |
Q: i have jus finished my graduation in an indian university. and i will be starting my CPA course NEXT ...
A: Congratulations on your graduation! You have reached a milestone on your life and although I ...
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| Internal Audit | 5/29/2008 | Don Sadler |
Q: I received a email from my director to follow up on a request from an internal auditor. Prior to ...
A: I understand your dilemma and am glad you asked for advice. First, unless directed otherwise by ...
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| hi | 5/7/2008 | Consuelo Herrera, International Accountant and Fraud Examiner |
Q: a friend of mine has bad credit she has below avg intelligence and related to me that a man ahd ...
A: Every employer, contractor, and of course, government entities should verify social security numbers ...
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| hi | 5/6/2008 | Consuelo Herrera, International Accountant and Fraud Examiner |
Q: a friend of mine has bad credit she has below avg intelligence and related to me that a man ahd ...
A: Although you have asked me so many questions, all of them are interconnected. Bear in mind that I am ...
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| detect fraudulent entries | 4/17/2008 | Consuelo Herrera, International Accountant and Fraud Examiner |
Q: What procedures can auditors perform to detect fradulent entries made during the consolidation ...
A: I will provide you with an answer in two days. I apologize but I had a very busy last week. Thank ...
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| CPA certification | 4/7/2008 | Consuelo Herrera, International Accountant and Fraud Examiner |
Q: I read another question / answer on this subject but am still slightly confused. Is the CPA ...
A: No, the CPA certification is not the same around the world. For example, if you are a CPA in the ...
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| Accounting error from previous year | 3/9/2008 | Don Sadler |
Q: as this is not the expertise area in which I should be; however, if you can help, I'd appreciate it. ...
A: I am not an accounting expert so, with that caveat, I will pass on what my CPA friend told me. ...
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| 314 audits | 2/29/2008 | Don Sadler |
Q: I'm reading job functions for a staff accountant position at a fortune 500 realty company and have a ...
A: You are correct in assuming that NOI means Net Operating Income. A 314 audit is conducted pursuant ...
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| timming and lading | 2/7/2008 | Don Sadler |
Q: What is timming and lading in auditing
A: "Lading" refers to a cargo load [most often used in "Bill of Lading"]. "Timming" is new to me but ...
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| General IT Audit Related questions | 1/23/2008 | Don Sadler |
Q: I am a project manager and new to the auditing world. I have few basic questions and would really ...
A: Sorry to be so slow in responding but I was out of the country. 1. The audit committee of ...
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| FINANCE DIRECTOR | 1/17/2008 | Don Sadler |
Q: We have a church with a governing board. Our church has a daycare with a daycare board. The finance ...
A: First I will qualify my response by telling you I am not that familiar with church business so I ...
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| Personal Audit | 1/11/2008 | Don Sadler |
Q: I built a new home in 2006, claimed the sales tax on the new home and am now being audited for than ...
A: I am neither a tax nor IRS expert but in the interest of trying to offer you some guidance, I will ...
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| How to carry out auditor's suggestion | 12/27/2007 | Don Sadler |
Q: Background: I am Chairman of the Town Board of Finance in Ct.. This is an elected position but is ...
A: First, I am sure you realize that your auditors probably know specifically what internal controls ...
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| non-profit issue | 12/21/2007 | Don Sadler |
Q: Not sure if you can answer this question but I will try anyway. Do Non-Profit organizations have to ...
A: Paul, I don't know much about nonprofits however, I will offer the following for your ...
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| financial reporting | 12/14/2007 | Don Sadler |
Q: When a publicly traded company issues it's financials or announces profits, they usually announce ...
A: It could ean any of these depending on centext. You will hardly ever see a statement such as ...
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| receivables | 12/12/2007 | Don Sadler |
Q: In the audit of receivables, existence is generally the primary objective, correct? I was recently ...
A: The primary objective of testing receivables is to validate the existence and accuracy to ensure ...
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| CPA Certificate | 12/4/2007 | Don Sadler |
Q: I want to ask a Question about the CPA Certificate 1- If I Got the CPA it will be more easy to get ...
A: Moheb, I will try to answer your questions as I understand them. 1- If I Got the CPA it will be ...
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| Business audits | 11/13/2007 | Don Sadler |
Q: I am a member of a volunteer fire company (INC.). I was hired by the company to take care of the ...
A: This is more an issue of a “perceived” conflict of interest than an “actual” conflict of interest. ...
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| sales tax audit | 11/3/2007 | Don Sadler |
Q: If my audit is from 2003 - 2004 can they request informtation and documentation from 2001 and 2002? ...
A: Elizabeth, Unfortunately, the auditors can ask for anything. However, you have a valid point in ...
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| auditing problem | 11/1/2007 | Don Sadler |
Q: i am a new business owner in construction, last month i got a letter that i have to set up an ...
A: Anna, I don’t know the particulars of your situation but I can give you generic advice regarding ...
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| purchasing for an LLC | 10/19/2007 | Don Sadler |
Q: Do I need to create a separate, business bank account in order to make purchases for my LLC that I ...
A: It is not absolutely necessary so long as you keep very accurate and detailed records to support ...
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| 2006 taxes | 10/12/2007 | Don Sadler |
Q: Nothing like waiting until the VERY last minute! Had an extension...due Monday, I have some very ...
A: Not being a tax person, I can only speak from a lay perspective and I know our pain as I, too, have ...
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