The Public Company Accounting Oversight Board’s amendments will make it easier to hold auditors accountable for violations, among other things.
Category: NYT Accounting News
Companies aren’t ready for CSRD, but say they will be
Two-thirds of companies say they will be ready to report under the EU’s Corporate Sustainability Reporting Directive, but many don’t know how, a new PwC survey says.
White House downplays hopes for SALT cap hike
The SALT cap is one of several tax issues to be confronted next year, with key portions of Trump’s 2017 tax cuts expiring at the end of 2025.
SEC charges AI-recruitment startup founder with fraud
Ilit Raz, CEO and founder of now-shuttered Joonko, was charged with defrauding investors of at least $21 million by making false and misleading statements about the company.
Founder Files: Starting a firm by accident
Keila Hill-Trawick founded her firm, Little Fish Accounting, in 2018 after she started helping her friends with their taxes as a side hustle.
CIMA names next president
In addition to leading the Chartered Institute of Management Accountants, Simon Bittlestone will also serve as chair of the Association of International Certified Professional Accountants.
Charity CEO accused of embezzling funds to dine at Per Se, Masa
Keith Taylor is charged with embezzling about $2.5 million intended to help working families, allegedly spending it on rent for a luxury Manhattan high rise, and meals at top restaurants and steakhouses.
Pathways to Growth: Always be growing!
Accounting firms can’t afford to take their eyes off the future.
In the blogs: Subtle yet significant
What clients like to believe; Tax Court fun; auditing REITs; and other highlights from our favorite tax bloggers.
Overtime rule draws fire from business groups
A variety of business groups have been filing lawsuits to stop the Department of Labor’s overtime rule, which is set to go into effect on July 1.