Accounting July 20, 2022
KPMG Nabs Respected Grant Thornton Chief Economist Diane Swonk
Based in Chicago, Swonk will lead KPMG's Office of the Chief Economist.
Accounting July 19, 2022
FASB Could Tweak Transition Requirements in Insurance Standard
Changes might be coming regarding the financial reporting requirements for long-duration contracts issued by insurance entities.
Accounting July 19, 2022
Louisiana Accountant Sent to Jail For Stealing Nearly $1 Million From Firefighters’ Pension Fund
Wayne Triche will spend the next three and a half years in federal prison for embezzling hundreds of thousands of dollars from the New Orleans Firefighters Pension and Relief Fund.
Accounting July 11, 2022
FASB is Going to Do a Little More Research on Hedge Accounting, Statement of Cash Flows
Recent feedback from investors and other stakeholders has influenced the FASB’s research and technical agendas.
Accounting July 8, 2022
California Accountant Sentenced to 29 Months in Prison For Defrauding Two Former Employers
Stephanie Simontacchi, 48, was sentenced to more than two years in federal prison on July 1 for bank fraud, embezzlement of credit union funds, and tax evasion.
Accounting July 6, 2022
New Jersey CPA Admits to Concealing $147,000 From the IRS
William Kawam, 57, of Hewitt, N.J., pleaded guilty on June 30 to charges of subscribing to false tax returns and conspiracy to defraud the U.S.
Firm Management July 6, 2022
EY Promotes Record 1,033 to Partner Worldwide
This year’s crop of 1,033 new partners surpassed last year’s 830 as EY’s largest class ever.
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Accounting July 5, 2022
PCAOB Previews Inspection Priorities For 2022
Each year the PCAOB gives audit firms, investors, and public companies a heads up on what areas of the audit inspectors will be placing a greater emphasis on during its upcoming inspection cycle, in the hopes of improving audit quality.
Accounting July 1, 2022
Crypto Fraudster Now Among the FBI’s 10 Most Wanted
“Cryptoqueen” Ruja Ignatova is the only woman on the FBI's top 10 most-wanted fugitives list.
Accounting June 28, 2022
EY Nailed With Record $100 Million Fine From the SEC For Ethics Exam Cheating
EY will have to pay a $100 million fine after it was revealed today that hundreds of the Big Four firm’s auditors had cheated on mandatory ethics exams ...
Accounting June 27, 2022
FASB to Review Accounting For Environmental Credit Programs
The Financial Accounting Standards Board (FASB) recently decided to tackle a project that could result in new rules being created on how companies should account for environmental credits, such as renewable energy credits and carbon offset credits.
June 23, 2022
Survey: Four in 10 Professionals Are Yearning For Greener Pastures
If you think the Great Resignation is coming to an end, think again. According to a new survey by staffing and business consulting firm Robert Half, 41 percent of U.S. workers say they are looking or are planning to look for a new job in the ...
Contributors
Amy Vetter
CPA, CITP, CGMA
Becky Livingston
Accounting & AI Marketing Consultant
Brian Tankersley
CPA, CITP, CGMA
Garrett Wagner
CPA, CITP, CEO and Founder of C3 Evolution Group
Jim Boomer
CPA, CITP, CEO
Ken Berry, JD
CPA Practice Advisor Tax Correspondent
Kristy Short, Ed.D.
Accounting Content Specialist
Mary Girsch-Bock
Contributing Writer
Randy Johnston
MCS, MCP
Roman Kepczyk
CPA, CITP, CGMA
