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Latest News & Web Pages
In the blogs: Slice, slice, baby
9+ hour, 56+ min ago (152+ words) New tax changes; love it or hate it; tax spirit animal; and other highlights from our favorite tax bloggers. Enforcement activity against accounting and auditing firms declined sharply last year under the second Trump administration, according to two new reports....
SEC and PCAOB enforcement fall sharply
10+ hour, 40+ min ago (449+ words) The reports, released Wednesday by Cornerstone Research, found the SEC brought 68% fewer accounting and auditing actions than in 2024, while the PCAOB finalized 27% fewer actions over the same period. The declines occurred during a year marked by leadership transitions at both…...
Stablecoin issuer Tether uses Deloitte for USAT reserve report
17+ hour, 41+ min ago (360+ words) After saying for years that major accounting firms were unwilling to provide auditing services, Tether Holdings SA received a sign-off from Deloitte on the first-ever reserve report for its USAT stablecoin that was launched to comply with new U.S. regulations. The…...
Enrico Palmerino explains Botkeeper's fall
19+ hour, 30+ min ago (830+ words) Enrico Palmerino, CEO of accounting automation and outsourced services provider Botkeeper " which abruptly shut down at the beginning of February before its tech assets were acquired by Xendoo a few weeks later " said that what brought the company down was…...
Nidec warns of $1.6B charges from accounting scandal
19+ hour, 43+ min ago (798+ words) Nidec Corp. may book "250 billion ($1.6 billion) in impairment charges as it begins tallying the cost of an accounting scandal that's forced a leadership exodus and reportedly sparked an investigation from Japan's securities commission. Nidec warned there could be additional charges…...
Stop payment fraud before it starts
21+ hour, 45+ min ago (400+ words) The verification of bank account ownership happens quickly " often in seconds " and the process leaves a secure audit trail for compliance purposes. Automated bank account verification can also be integrated into vendor onboarding and change management workflows so every new…...
Grant Thornton's Peko: Reject incrementalism, embrace change
1+ day, 14+ hour ago (477+ words) Jim Peko, the CEO of Grant Thornton Advisors LLC, says it was only by abandoning a vision of incremental change that the Top 10 Firms was able to achieve the rapid growth they've experienced over the past few years." Much of…...
IRS ends union contract
1+ day, 14+ hour ago (294+ words) The Internal Revenue Service has terminated its collective bargaining agreement with the National Treasury Employees Union, the labor union representing most IRS and Treasury Department employees, following up on an executive order issued last year by President Trump. "In compliance…...
Pro-alts dark-money group takes jabs at fiduciary watchdog in report to IRS
1+ day, 15+ hour ago (483+ words) As part of its ongoing push in support of opening 401(k) accounts to private investments, a conservative advocacy group is alleging a stalwart industry critic has breached IRS rules. "C4's are set up to allow for nonprofits to do some political…...
Armanino expands in Southeast
1+ day, 15+ hour ago (231+ words) Armanino acquired MSTiller, expanding the Top 25 Firm's presence in the Southeast. MST, based in Atlanta, advises middle-market organizations, family-owned businesses and private foundations across a range of industries, including automotive dealerships, construction, hospitality, medical practices and real estate development. The…...