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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• Rich New Yorkers Threaten to Leave. Then They Find Out How Hard That Is.

  05-12-2025 21:20 via nytimes.com
  Tax accountants and lawyers detail the arduous process wealthy New Yorkers would have to face to avoid paying New York State and city taxes.
  
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• Rich New Yorkers Are Again Threatening to Leave. Here’s Why They Don’t.

  05-12-2025 09:00 via nytimes.com
  Tax accountants and lawyers detail the arduous process wealthy New Yorkers would have to face to avoid paying New York State and city taxes.
  
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• OpenAI Takes Stake in Thrive Holdings, a Buyer of Services Firms

  01-12-2025 14:00 via nytimes.com
  The move by the parent company of ChatGPT is meant to help imbue Thrive Holdings’ accounting and I.T. services companies with artificial intelligence tools.
  
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• At Least 13 People Died by Suicide Amid U.K. Post Office Scandal, Report Says

  11-07-2025 19:28 via nytimes.com
  A public inquiry into the wrongful prosecutions of about 1,000 postal workers has uncovered more victims than previously known, according to a report.
  
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• We Exposed Fraud at Enron and WorldCom. Don’t Let History Repeat Itself.

  28-05-2025 21:07 via nytimes.com
  A proposal by Republican lawmakers to eliminate an auditing watchdog would make another corporate disaster more likely.
  
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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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