Accounting
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Tesla Troubles Lead to Cuts of 600 Jobs in Bay Area
North Texas Has 5 of the 15 Fastest-Growing Small U.S. Cities
Mortgage Rates Drop to 7.02%
IRIS Acquires Utah-Based Swipeclock
Wipfli Buys Michigan-Based Consulting Firm Harbour Results
The top 20 firm's deal with Harbour Results, a management consulting firm for the manufacturing industry, became effective May 1.
CLA Adds Atlanta-Based Ronald Blue & Co. CPAs
With approximately 80 employees and eight partners, Ronald Blue was expected to join top 10 accounting firm CLA on May 1.
EY Adds New York-Based Technology Consulting Firm Nuvalence
The transaction expands EY's digital engineering and generative AI services to organizations across industries and sectors.
Police Accountant Charged With Stealing From City of Wichita, KS
Shauna Marie Dickman was charged with two counts of felony theft for allegedly stealing at least $3,915 in cash.
Ex-HVAC Accountant Admits to Embezzling $1.5 Million in Wilkes-Barre, PA
Lawrence Malachefski was accused of stealing from the HVAC equipment company to support his online gambling habit.
Financial Accounting Foundation Seeks Nominations for the Financial Accounting Standards Advisory Council
The Board of Trustees of the Financial Accounting Foundation (FAF) is seeking nominations for new members to join the Financial Accounting Standards Advisory Council (FASAC) for an initial one-year term beginning January 1, 2025. The FASAC is the primary advisory body to the Financial Accounting Standards Board (FASB). The FASAC consists of approximately 35 members who represent a broad cross section of the FASB’s constituency. Its primary function is to advise the FASB on issues related to projects on the FASB’s agenda, possible new agenda items, project priorities, procedural matters that may require the attention of the FASB, and other matters as requested by the FASB chair. FASAC members are appointed by the FAF Trustees for an initial one-year term and are eligible to be reappointed for three additional one-year terms.
AICPA Provides Comments on the Tax Classification of Purpose Trusts
The recommendations would simplify filing for taxpayers and practitioners and will reduce the administrative burden on the IRS.
DEA May Reclassify Cannabis as Lower Level Drug
Federal authorities appear to be on the brink of reclassifying cannabis, a change which, if it happens, could affect the cannabis market in a variety of ways.