Archives for audit

WFY Partners Jeff Myers & Cyndi LeBerthon Host Upcoming Webinar

June 8, 2021 | by | Comments Off on WFY Partners Jeff Myers & Cyndi LeBerthon Host Upcoming Webinar

Our WFY Partners Jeff Myers, CPA, and Cyndi LeBerthon, CPA, will be presenting at MGI’s Efficiently Conducting Employee Benefit Plan Audits on June 23, 2021. If you’re looking to learn what’s new and what peer reviewers are looking for when they review employee benefit plan audits, this webinar is for you. Jeff and Cyndi will go in-depth with important topics on employee benefit plan audits. They will also cover other topics like common deficiencies and tips on working in a remote environment while performing employee benefit plan audits. Jeff Myers is WFY’s Managing Partner and oversees the audit department as
Read More

Categories: Company News, Industry News, and Newsletter and Updates.
Tags: accountant, accountants, accounting, accounting firm, audit, audit plan, business, ca, california, certified public accountants, cpa, cpa firm, cyndi leberthon, employee benefit plan, employee benefits plan audit, esop, firm, irvine, jeff myers, oc, orange county, partners, small business, so cal, southern california, wfy, wright ford young, and wright ford young & co.

AI in Auditing

April 1, 2021 | by | Comments Off on AI in Auditing

By Carissa DeLuca, CPA, CFE Audit Manager   For several years now we’ve been hearing about how Artificial Intelligence (AI) is the future of seemingly just about every industry.  Industries from healthcare to banking have started to uncover the benefits of using AI. The accounting profession is no different and is starting to adapt AI in many service areas. The Wright Ford Young & Co. audit team has taken a dive into the use of AI with some of our 2020 audit engagements.  We have a selected a program that will enhance our review of our clients’ general ledgers and
Read More

Categories: Company News, Industry News, and Newsletter and Updates.
Tags: accountant, accountants, accounting, accounting firm, ai, artificial intelligence, audit, auditing, business, ca, california, certified public accountants, cpa, cpa firm, firm, irvine, newsletter, oc, orange county, small business, so cal, southern california, tax, tax firm, taxation, taxes, wfy, wright ford young, and wright ford young & co.

The Most Common Anti-Fraud Control

February 4, 2021 | by | Comments Off on The Most Common Anti-Fraud Control

Carissa DeLuca, CPA, CFE Audit Manager   In the Association of Certified Fraud Examiners, Inc. (ACFE)’s Report to the Nations 2020 Global Study on Occupational Fraud and Abuse, they noted external audits of financial statements were the number one most common anti-fraud control in the small and large businesses they studied.  However, the auditor’s responsibility regarding fraud is only to provide reasonable assurance that the financial statements do not include material misstatements due to fraud or misappropriation of assets. In fact, it’s management’s responsibility to design, implement and maintain internal controls that prevent and detect fraud.  This is even more
Read More

Categories: Newsletter and Updates.
Tags: accountant, accountants, accounting, accounting firm, anti fraud, anti fraud control, audit, ca, california, certified public accountants, cpa, cpa firm, irvine, oc, orange county, so cal, southern california, tax, tax firm, taxation, wfy, wright ford young, and wright ford young & co.

WFY Welcomes New Audit Senior

January 18, 2021 | by | Comments Off on WFY Welcomes New Audit Senior

We are pleased to announce a new Audit Senior who is joining our Audit Department: Robert Caicedo. Welcome to the WFY team! Robert Caicedo Robert Caicedo joined WFY in mid-January as an Audit Senior. In 2013, Robert graduated from UCSD with a Bachelor’s degree in Management Science and Economics.  He continued going to school at night while working in the accounting department of one of his previous jobs to be able to take the CPA exam.  His experience in accounting is mainly ERISA audits, private industry audits, and non-profits. In his free time, Robert likes to mountain bike, play soccer,
Read More

Categories: Company News and Newsletter and Updates.
Tags: accountant, accountants, accounting, accounting firm, audit, business, ca, california, certified public accountants, cpa, cpa firm, erisa, firm, irvine, new hires, newsletter, oc, orange county, small business, so cal, southern california, tax, tax firm, taxation, taxes, wfy, wright ford young, and wright ford young & co.

Six New Hires Join WFY

January 6, 2021 | by | Comments Off on Six New Hires Join WFY

Wright Ford Young & Co. would like to welcome six new hires to our firm. We have Jerry Owens and Andrew Campos joining our Audit Department; Shannon Zhu, David Pak, and Renee Qiu joining our Tax Department; and Kirsten Capps joining our administrative team. We are pleased to welcome these new hires to our WFY team. Jerry Owens In January, Jerry Owens joined WFY in our Audit Department as Audit Staff. He recently graduated from Cal Baptist with a Masters of Science degree in Accounting. Before his position as Audit Staff, he worked at a company in logistics while completing
Read More

Categories: Company News and Newsletter and Updates.
Tags: accountants, accounting, accounting firm, administration, audit, audit staff, business, california, career, cpa, cpa firm, irvine, new hire, orange county, so cal, southern california, tax, tax firm, tax intern, taxation, taxes, wfy, and wright ford young.

WFY Introduces New Podcast: The WFY Podcast

November 3, 2020 | by | Comments Off on WFY Introduces New Podcast: The WFY Podcast

Wright Ford Young & Co. has introduced a new way to give you exclusive content from our tax and accounting experts. The WFY Podcast is Wright Ford Young & Co.’s new podcast featuring our WFY tax and accounting specialists discussing relevant and important issues that could effect you and your business. Our first episode includes Tax Partners Andy Bautista and Richard Huffman discussing 2020 tax planning in regards to President Trump’s and Vice President Biden’s tax proposals. Stay tuned for upcoming episodes in other accounting topics with WFY accounting professionals. Where to listen to the episode:        
Read More

Categories: Company News and Newsletter and Updates.
Tags: accountants, accounting, accounting firm, audit, biden, ca, california, cpa, cpa firm, episodes, irvine, oc, orange county, podcast, so cal, southern california, tax, tax law, tax planning, tax proposal, the wfy podcast, wfy, wright ford young, and wright ford young & co.

WFY Welcomes New Audit Staff Member

October 29, 2020 | by | Comments Off on WFY Welcomes New Audit Staff Member

Wright Ford Young & Co. is expanding! We would like to introduce Teresa Gerhold as our newest addition to our Audit Department. WFY is pleased to welcome Teresa to our team. Teresa Gerhold This week, Teresa joined WFY as Audit Staff in our Audit Department. She graduated from Chapman University in May with a Bachelor’s degree in Accounting and a minor in Data Analytics. Her previous experience in accounting includes a tax internship in the Bay Area. After taking an audit class in the Fall of 2019, Teresa decided to pursue her career in audit instead. In her downtime, she
Read More

Categories: Company News and Newsletter and Updates.
Tags: accountant, accountants, accounting, accounting firm, audit, audit staff, business, ca, california, careers, certified public accountants, cpa, cpa firm, firm, irvine, new hires, oc, orange county, southern california, tax, tax firm, taxation, taxes, wfy, wright ford young, and wright ford young & co.

SBA Releases PPP Flexibility Act Guidance and Revised Forgiveness Application Form

June 18, 2020 | by | Comments Off on SBA Releases PPP Flexibility Act Guidance and Revised Forgiveness Application Form

Richard A. Huffman, CPA, MST Tax Partner The Small Business Administration has released additional Paycheck Protection Program (PPP) guidance and revised the forgiveness application form to align with the Paycheck Protection Program Flexibility Act which was signed into law on June 5, 2020. Highlights of the updates are as follows: 1. For non-owners included compensation is 24 weeks of compensation up to $100,000 with a maximum per employee amount of $46,154. 2. For owners (S and C corporation owner-employees, self-employed individuals and general partners) the included compensation is the lesser of 2.5 months of 2019 compensation or $20,833. 3. Employer
Read More

Categories: Newsletter and Updates.
Tags: accountants, accounting, accounting firm, audit, auditing, ca, california, cpa, cpa firm, ford, irvine, orange county, ppp, ppp loan, sba, southern california, tax, tax firm, taxation, wfy, wright, wright ford young, and young.

WFY Welcomes Two New Hires to Audit Department

May 28, 2020 | by | Comments Off on WFY Welcomes Two New Hires to Audit Department

This month, Wright Ford Young & Co. is pleased to announce we have two new hires joining our team. Mimi Duong will be joining as an Audit Staff and Lauren Gilmour will be joining as an Audit Intern in our audit department. WFY is pleased to welcome these new hires to our team. Mimi Duong At the end of May, Mimi Duong started a position with WFY as Audit Staff.  She will be graduating CSUF later this year with a Business Administration degree with a concentration in Accounting.  In her spare time, she enjoys spending time with friends and family,
Read More

Categories: Company News and Newsletter and Updates.
Tags: accountants, accounting, audit, audit department, ca, careers, certified public accountants, cpa, cpa firm, hiring, irvine, jobs, new hires, orange county, southern california, tax, tax firm, taxation, taxes, wfy, and wright ford young.

WFY Attends Anaheim Angels Game

August 21, 2019 | by | Comments Off on WFY Attends Anaheim Angels Game

On Saturday, August 17th, Wright Ford Young & Co. attended the Anaheim Angels vs. Chicago White Sox game at the Angel Stadium in Anaheim. Our audit, tax, and all other departments came together to celebrate one of our core values: we have fun!  About 150 friends, family, and employees of WFY attended the exciting game during a perfect day for baseball. Everyone enjoyed the game with popcorn, hot dogs, nachos, and other delicious baseball game treats. The game started off slow with a tied game by the end of the 2nd inning, but the White Sox took a 4-1 lead
Read More

Categories: Company News and Newsletter and Updates.
Tags: accounting, accounting firm, anaheim, anaheim angels, angels, audit, baseball, certified public accountants, cpa, cpa firm, departments, estates, fun, los angeles, mlb, tax, tax firm, taxation, trusts, wfy, and wright ford young & co.