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.
Category: NYT Accounting News
Ascend expands in Southern California
Private equity-backed platform Ascend has added a new member firm in San Diego, LevitZacks.
Poor software training can cause costly gaffes in tax season
The reality is that traditional ‘one and done’ software training is insufficient.
The definition of ‘rich’ — and its impact on taxes
President Biden wants the wealthy to “pay their fair share.” Ex-President Trump calls for “the biggest tax cuts.” But labeling people as rich creates massive policy challenges.
More CFOs transition into CEOs
A growing number of CEOs have been attaining the CFO job, with a record number of them reaching the top rung at the biggest companies last year.
Grant Thornton gets major PE stake
Private equity firm New Mountain Capital is taking a majority stake in Grant Thornton in the biggest deal to come along in PE firms’ involvement in the accounting field.
KPMG partners with AuditBoard
The partnership gives KPMG clients access to AuditBoard’s AI-powered technologies as part of the Big Four firm’s services.
IASB proposes to improve acquisition reporting
The International Accounting Standards Board hopes to enhance the information provided by companies to their investors about acquisitions under IFRS.
Tax Fraud Blotter: A naughty streak
Nothing sacred; on the Lamborghini; Empire lost; and other highlights of recent tax cases.
Oracle Fusion Cloud Application Suite adds dozens of gen AI features
Oracle announced the addition of more than 50 generative AI features in its Oracle Fusion Cloud Application Suite.