Prosecutors said the financial chief of the Detroit Riverfront Conservancy used the group’s funds for personal purchases from Louis Vuitton and a diamond dealer.
Day: June 5, 2024
IRS tries to use AI to close tax gap
The Internal Revenue Service is turning to artificial intelligence to help select tax returns to audit and narrow the tax gap, but it needs to use this new technology consistently and transparently, according to a new government report.
Pipeline Pledge: How small commitments can make a big difference
The National Pipeline Advisory Group has big ideas for growing talent, and a small request related to its efforts could prove invaluable for the profession.
Many nonprofits missed filing deadline
Between inflation and reduced contributions, charities and not-for-profits are being squeezed and need extra help and time to file their Form 990 with the IRS.
Governance and leadership dynamics in accounting firms need scrutiny
The shift of public accounting firms, traditionally focused on providing auditing and tax services, into expansive multidisciplinary firms has long raised concerns among investors and regulators.
Biden vetoes repeal of requirement to count crypto as liability
The White House has vetoed a bill that would have repealed a measure requiring custodians of crypto assets to count them as liabilities on their balance sheets.
Great Resignation workers less satisfied than before
Workers who quit their job during the Great Resignation are significantly less satisfied than their colleagues who stayed, according to a new survey by The Conference Board. Their overall job satisfaction is down 5.6 percentage points.
Spanish court grants ‘Bitcoin Jesus’ bail in extradition fight
A crypto investor known as “Bitcoin Jesus” has been released on bail in Spain, where he faces extradition to the U.S. on tax fraud charges.