Are client advisory services the future of accounting?
Category: NYT Accounting News
Court deals a blow to BOI reporting regime
The ruling further complicates an already complicated area — the law’s mandate around beneficial ownership information reporting.
Accounting firm sued over Ponzi scheme
Investors have filed a lawsuit against an accounting firm alleging it helped a client maintain a Ponzi scheme involving cash advances that led to the loss of millions of dollars.
Pinion launches global network
The Top 100 Firm also announced the first three member firms of the network, which will focus on food and agriculture clients.
M&A Watch: Jackson Thornton, HHM expand
Jackson Thornton acquired MST CPAs & Advisors; and HHM CPAs merged in Bizzell, Neff & Galloway.
ADM delays annual report, warns on internal controls
The Chicago-based agricultural commodity trader said the issue with internal controls relates to the way it reports sales between segments.
KPMG fined £1.5M over Saatchi audit failings
KPMG and its partner Adrian Wilcox failed to audit the advertising agency with sufficient professional skepticism, according to the Financial Reporting Council.
How taxes reflect and exacerbate racial wealth disparities
Stubbornly persistent differences between white and Black households’ income and assets present financial advisors with the big-picture implications of their work.
IRS Direct File pilot expands testing
The IRS is planning to offer its free tax prep system around the clock next week and open it to a larger group of outside testers.
With 340,000 fewer accountants, companies pay the price
The lack of help means current accountants’ hours and workloads can be grueling, upping the odds of mistakes and burnout.