The penalties include a $100,000 fine, and training requirements on communication between predecessor and successor audits.
Day: September 23, 2025
New partners aren’t getting what they need
New partners see a gap between pay expectations and reality, as well as the quality and frequency of feedback, according to a new survey.
Public sector steadily shifting to accrual accounting
Progress has not been as quick as predicted, but is expected to continue, according to IFAC and the Chartered Institute of Public Finance and Accountancy.
UBS ends tax-dodge saga with $985M settlement
The Swiss bank settled the long-running tax evasion case in France for less than a fifth of the original fine.
Low-effort AI “workslop” increasingly irritating workers
AI can, in theory, make people more productive. But the results of a recent study show this is not guaranteed, as people report receiving low quality AI “workslop” outputs that paradoxically increase the amount of work.