PICPA believes the PCAOB’s Non-Compliance with Laws and Regulations proposal is disconnected from the realities of the auditing profession and will impose undue strain on an already thinly stretched workforce of CPAs.
Day: March 18, 2024
Court stays SEC climate rule
A federal court has temporarily halted the Securities and Exchange Commission’s climate-related disclosure rule in response to a lawsuit from a pair of fracking companies.
A&A Focus recap: Lease challenges, SAS 145, and fraud
The March installment of the monthly newscast series covered topics ranging from year 2 lease accounting issues and commercial real estate risks to SAS No. 145 updates for auditors and fraud risks during audits.
HOA fees are pricey and prevalent — but tax planning can help some clients
Financial advisors and tax experts say HOA fees are usually not deductible, unless the home is used for a business or as a rental property.
Deloitte revamps structure to cut costs
Big Four firm Deloitte is looking to overhaul its structure to cut costs ahead of a market slowdown, according to the Financial Times.
Fallen tech star fights to avoid prison for acct’g fraud
It would cap a remarkable downfall for Mike Lynch if he’s convicted of accounting fraud after he sold his startup Autonomy to Hewlett Packard for $11 billion.
Grant Thornton deal continues the private-equity investment trend
The top 10 firm is the largest to strike a deal with private equity but isn’t the first. Four other noteworthy deals have been struck in the past two years.
Risk concerns remain for CFOs, but they see improvement ahead
Three in five finance leaders say “now is not a good time” to take greater risks, according to Deloitte’s first-quarter North American CFO Signals survey, partly because of expected upcoming interest rate cuts.