Accountancy news

• Macy’s Earnings Report Details Multimillion-Dollar Accounting Error

  11-12-2024 14:32 via nytimes.com
  
  Analysts see much bigger challenges for the retailer than lax accounting.
  
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• Macy’s Details Multimillion-Dollar Accounting Error in Downbeat Report

  11-12-2024 14:32 via nytimes.com
  
  Analysts see much bigger challenges for the retailer than lax accounting.
  
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• China Fines PwC $62 Million for Botching Its Work for Evergrande

  13-09-2024 11:01 via nytimes.com
  
  Authorities also imposed a six-month suspension on the local operations of the global firm, which was once one a dominant auditing firm in China.
  
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• Detroit Nonprofit CFO Accused of Stealing $40 Million

  05-06-2024 21:58 via nytimes.com
  
  Prosecutors said the financial chief of the Detroit Riverfront Conservancy used the group’s funds for personal purchases from Louis Vuitton and a diamond dealer.
  
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• SEC Charges Trump Media Auditor With Fraud

  03-05-2024 19:00 via nytimes.com
  
  Regulators said BF Borgers failed to abide by accounting rules that its public company clients are required to follow.
  
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• Auditor That Works for Trump Media Is Charged With Fraud

  03-05-2024 18:23 via nytimes.com
  
  Regulators said BF Borgers failed to abide by accounting rules that its public company clients are required to follow.
  
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• Everybody Wants a Piece of South Carolina’s $1.8 Billion Surplus. Is It Real?

  03-04-2024 19:15 via nytimes.com
  
  Whom does it belongs to? How did it get there? Why? The more legislators dig, the murkier things seem to get.
  
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• Trump’s Sons Cast the Blame for Fraud on Their Company’s Accountants

  03-11-2023 00:11 via nytimes.com
  
  Donald Trump Jr. and his brother Eric Trump both testified in thetrial that accuses their family business of overvaluing its assets.
  
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• Eric and Donald Trump Jr. Testify in Fraud Trial, Casting Blame on Accountants

  03-11-2023 00:11 via nytimes.com
  
  Donald Trump Jr. and his brother Eric Trump both testified in thetrial that accuses their family business of overvaluing its assets.
  
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• Nancy Marks, George Santos’s Treasurer, Pleads Guilty in Federal Inquiry

  06-10-2023 01:22 via nytimes.com
  
  Nancy Marks, one of the embattled congressman’s closest associates, oversaw the campaign finances that have faced widespread scrutiny.
  
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• George Santos’s Treasurer Pleads Guilty in Federal Inquiry

  05-10-2023 22:33 via nytimes.com
  
  Nancy Marks, one of the embattled congressman’s closest associates, oversaw the campaign finances that have faced widespread scrutiny.
  
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• George Santos’s Treasurer to Plead Guilty in Federal Inquiry

  05-10-2023 20:25 via nytimes.com
  
  Nancy Marks, one of the embattled congressman’s closest associates, oversaw the campaign finances that have faced widespread scrutiny.
  
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• George Santos’s Accountant to Plead Guilty in Federal Inquiry

  05-10-2023 16:53 via nytimes.com
  
  Nancy Marks, one of the embattled congressman’s closest associates, oversaw the campaign finances that have faced widespread scrutiny.
  
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• What to Know About Sam Bankman-Fried’s Fraud Trial

  03-10-2023 15:10 via nytimes.com
  
  Mr. Bankman-Fried is accused of orchestrating a vast scheme to siphon billions of dollars of FTX customer money.
  
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• UBS Reports $29 Billion Profit, a Record

  31-08-2023 19:34 via nytimes.com
  
  The huge gain stems from the bank’s acquisition of its rival Credit Suisse this spring for about $3.2 billion, a steep discount that is skewing its quarterly results.
  
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• UBS Earns $29 Billion From Badwill Tied to Credit Suisse Deal

  31-08-2023 13:45 via nytimes.com
  
  The Swiss bank’s sharply discounted takeover of Credit Suisse led to a paper gain that gave it the biggest quarterly profit by a bank in history.
  
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• ‘Going Concern,’ Going Bust

  04-08-2023 11:00 via nytimes.com
  
  The term, which refers to a company that will continue to operate for at least a year, is rarely used unless a company is in trouble.
  
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• How the Employee Retention Tax Credit Became a Magnet for Fraud

  26-05-2023 11:16 via nytimes.com
  
  The Employee Retention Credit has spawned a cottage industry of firms claiming to help businesses access stimulus funds, often in violation of federal rules.
  
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• Finding Order in a Thicket of Nonprofit Data

  16-05-2023 01:50 via nytimes.com
  
  To investigate the practices of a group of political nonprofits, we first needed to conquer a pesky foil of data journalists: the PDF.
  
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• Credit Suisse Accused of Impeding Hunt for Accounts Linked to Nazis

  20-04-2023 17:54 via nytimes.com
  
  The Senate Budget Committee opened an investigation after Credit Suisse fired a lawyer it had hired to oversee an independent inquiry hunting for accounts linked to Nazis who went to Argentina.
  
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• Reconsidering Tax Day

  15-04-2023 12:19 via nytimes.com
  
  Make it a time of personal inventory, of looking back and taking account.
  
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• House Republicans Quietly Halt Inquiry Into Trump’s Finances

  13-03-2023 19:59 via nytimes.com
  
  G.O.P. leaders are declining to enforce a court-supervised settlement for Mazars, Donald J. Trump’s former accounting firm, to turn over records in an investigation into whether he profited from the presidency.
  
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• How ‘Extraordinary Measures’ Can Postpone a Debt Limit Disaster

  18-01-2023 11:00 via nytimes.com
  
  Treasury Secretary Janet L. Yellen will soon need to use accounting maneuvers to keep the United States from defaulting on its debt.
  
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• Fraud Trial of Wirecard’s Ex-CEO, Markus Braun, Begins

  08-12-2022 19:13 via nytimes.com
  Markus Braun, the founder of the financial technology firm that lost billions, is facing fraud charges with two others.
  
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• Prosecution Rests as Trump Company Trial Moves Faster Than Expected

  21-11-2022 20:06 via nytimes.com
  In a sign of confidence, Manhattan prosecutors skipped a witness they had said they would call. The case could end as soon as next week.
  
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• A Vatican Auditor Says He Dug Up Too Much Dirt, and Was Buried

  10-11-2022 12:00 via nytimes.com
  Libero Milone is suing the Vatican for wrongful dismissal after he said he found cardinals siphoning off funds. The Vatican has hit him with a criminal investigation of its own.
  
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• In Trump Organization Trial, Each Side Finds a Villain

  01-11-2022 01:11 via nytimes.com
  In a case that centers on tax law, defense lawyers blame the company’s former chief financial officer. Prosecutors bring up the former president.
  
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• In Trump Company Trial, Each Side Finds a Villain

  01-11-2022 01:11 via nytimes.com
  In a case that centers on tax law, defense lawyers blame the company’s former chief financial officer. Prosecutors bring up the former president.
  
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• Trump Organization Trial Opens, and the Talk Is About 2 Men

  01-11-2022 00:13 via nytimes.com
  In a case that centers on tax law, defense lawyers blame the company’s former chief financial officer. Prosecutors bring up the former president.
  
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• Timeline: Key Events in the Trump Organization Investigation

  31-10-2022 20:32 via nytimes.com
  The trial comes after years of scrutiny of the Trump Organization and Donald J. Trump himself. It is among the largest legal challenges faced by the man and the business.
  
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• Here are the key events in the investigation into the Trump family business.

  31-10-2022 20:32 via nytimes.com
  The trial comes after years of scrutiny of the Trump Organization and Donald J. Trump himself. It is among the largest legal challenges faced by the man and the business.
  
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• Trump’s Former Accounting Firm Turns Over Documents to Congress

  17-09-2022 23:33 via nytimes.com
  Mazars USA delivered an initial set of documents related to the former president’s finances to the House Oversight Committee as part of a settlement.
  
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• EY to Split Accounting and Consulting Businesses

  08-09-2022 17:29 via nytimes.com
  The firm, commonly known as Ernst & Young, announced a plan to separate into two companies, one that does mainly auditing work and the other that does consulting and advisory work.
  
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• U.S. and China Announce Deal to Share Audits of U.S.-listed Chinese Firms

  26-08-2022 15:09 via nytimes.com
  
  The agreement could prevent Chinese companies from having to depart U.S. stock exchanges, but U.S. officials remain wary of whether China will fulfill its terms.
  
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• What’s Next in the New York Attorney General’s Trump Inquiry?

  11-08-2022 02:19 via nytimes.com
  
  Since former President Donald J. Trump declined to answer questions, Attorney General Letitia James faces a crucial decision.
  
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• Meet the accountants who may become the new power brokers of taxes.

  04-08-2022 16:31 via nytimes.com
  
  The Financial Accounting Standards Board, a private organization run by a seven-member board, determine how quarterly and annual profits are calculated.
  
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• Inflation Reduction Act’s corporate minimum tax deciders

  04-08-2022 15:26 via nytimes.com
  
  A climate and tax bill could give a lot of power to an organization called the Financial Accounting Standards Board.
  
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• Corporate minimum tax

  04-08-2022 15:04 via nytimes.com
  
  A climate and tax bill could give a lot of power to an organization called the Financial Accounting Standards Board.
  
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• The Big 4’s Tax Problem

  07-07-2022 14:24 via nytimes.com
  
  The S.E.C. is reportedly reviewing conflicts of interest at top accounting firms.
  
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• Officials Balked at a Drug Company’s Tax Shelter. Auditors Approved It Anyway.

  07-07-2022 09:00 via nytimes.com
  
  Court documents show the potential conflicts of interest when accounting firms simultaneously help clients avoid taxes and audit their finances.
  
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• Ernst & Young to Pay $100 Million Fine After Auditors Cheated on Ethics Exams

  28-06-2022 14:40 via nytimes.com
  
  The S.E.C. said the cheating involved hundreds of the firm’s auditors from 2017 to 2021.
  
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• Ernst & Young to Pay $100 Million Fine After Auditors Cheated on Exams

  28-06-2022 12:00 via nytimes.com
  
  The S.E.C. said the cheating involved hundreds of the firm’s auditors from 2017 to 2021.
  
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• Washington Commanders Deny Financial Malfeasance in a Letter to FTC

  18-04-2022 18:29 via nytimes.com
  
  The N.F.L. franchise sent 102 pages of documents rebutting claims made by a former employee that the team failed to properly report ticket revenue and withheld refunds from fans.
  
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• Questions About Commanders’ Handling of Money Referred to F.T.C.

  13-04-2022 00:30 via nytimes.com
  
  In a 20-page letter sent to the F.T.C., a congressional committee passed along allegations from a former employee who said the team withheld ticket revenue from fans and the league.
  
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• EY Joins Other Big Accounting Firms Exiting Russia

  07-03-2022 17:03 via nytimes.com
  
  The firm said it would sever ties with Russia, after similar announcements from KPMG and PricewaterhouseCoopers.
  
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• Treasury Dept. Asked to Investigate Its Hiring From Accounting Firms

  22-02-2022 17:35 via nytimes.com
  
  The request was sent by Senator Elizabeth Warren and Representative Pramila Jayapal after a New York Times report on the revolving door between the department and the biggest accounting firms.
  
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• N.Y. Attorney General Can Question Trump and 2 Children, Judge Rules

  18-02-2022 03:51 via nytimes.com
  
  Former President Donald J. Trump and two of his children had sought to block Letitia James, the attorney general, from interviewing them under oath.
  
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• Trump Makes New Claims About His Wealth After Accountants Drop Him

  17-02-2022 02:29 via nytimes.com
  
  The former president has spent decades inventing facts and figures to suit his needs. Now, dropped by his accountants, he is making new claims.
  
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• Accounting Firm Cuts Ties With Trump and Retracts Financial Statements

  15-02-2022 01:53 via nytimes.com
  
  The firm, Mazars USA, said in a letter that it could no longer stand behind the annual statements, which are central to an investigation by the New York attorney general.
  
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• Trump's Long-Time Accounting Firm Cuts Ties Over Financial Statements

  14-02-2022 22:08 via nytimes.com
  
  The statements are at the center of two investigations into whether the former president and his company exaggerated the value of their assets.
  
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