Fri.Jan 03, 2025

article thumbnail

Hindenburg shorts Carvana, alleging 'accounting grift for the ages'

Accounting Today

Carvana was accused by short-seller Hindenburg Research of impropriety in a report alleging the auto retailer's subprime loan portfolio carries substantial risk.

article thumbnail

Biden Blocks Nippon Steel’s $14.1 Billion Takeover of U.S. Steel

CPA Practice

Biden announced his formal decision on Friday after the case was referred to him by a U.S. security review panel, ahead of a deadline early next week.

accounted 105
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Friday Footnotes: PwC Completes Its Punishment; Hybrid Work Should Stay in 2025; Deloitte Clutters Up the Dark Web | 1.3.25

Going Concern

Psst, take our 2025 Predictions for the Accounting Profession survey. To see 2024 survey results, check out this post. Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you’re here, subscribe to our newsletter to get the week’s top stories in your inbox every Tuesday and Friday.

auditor 72
article thumbnail

More Americans Moving Into Southern States, U-Haul Data Shows

CPA Practice

The trend of southern states netting larger numbers of one-way U-Haul customers continued during 2024, with South Carolina topping the U-Haul Growth Index for the first time. Texas, North Carolina, Florida and Tennessee round out the five leading growth states.

article thumbnail

Profit in the Details: Rethinking Spend for Monumental Impact

Speaker: Aaron Berson

Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g

article thumbnail

Grant Thornton US and Ireland complete merger

Accounting Today

Grant Thornton Advisors LLC in the U.S. and Grant Thornton Ireland have combined, bringing together two members of the Grant Thornton International network.

article thumbnail

How Construction Business Owners Can Overcome Digital Hurdles

Randal DeHart

We are witnessing a remarkable transformation driven by Artificial Intelligence (AI) and automation. While these advancements promise to enhance efficiency and speed, business owners must recognize the enduring importance of soft skills in their teams for long-term success and competitiveness. The construction industry has also experienced a significant transformation in recent years, driven by technological advancements.

More Trending

article thumbnail

RSM US Adds 84 New Partners and Principals for 2025

CPA Practice

Jan. 2 was a big day at top five accounting firm RSM US, as its new partner and principal class of 2025 was officially announced.

article thumbnail

New Orleans terror suspect had worked for Deloitte, EY

Accounting Today

The former U.S. Army sergeant shared strange similarities with a suspect in the Las Vegas terror attack, but the FBI says there is no link between them.

52
article thumbnail

Xero Partners with Gusto to Offer Integrated Payroll Solution

CPA Practice

Xeros U.S. small business customers will be able to pay their teams seamlesslywithin the Xero platform, giving them greater visibility into their finances and operations.

payroll 52
article thumbnail

FASB seeks feedback on future agenda

Accounting Today

The Financial Accounting Standards Board published an Invitation to Comment and asked stakeholders for feedback on its future standard-setting agenda.

article thumbnail

Navigating Bleisure Travel: A Guide for Mid-Sized Companies

Bleisure travel — where employees combine work and leisure — has been around since the advent of corporate travel and is here to stay. Successful bleisure policies strike a balance between employee preferences and company goals — workers report a 64% improvement in work-life balance, while companies benefit from reduced travel costs and increased workforce innovation.

article thumbnail

FASB Seeks Input on Future Standard-Setting Agenda Priorities

CPA Practice

The Financial Accounting Standards Board published aninvitation to comment on Jan. 3 that gives stakeholders the opportunity to provide feedback on the board's future standard-setting agenda.

article thumbnail

The rise of the CFO

Accounting Today

The CFO role is becoming an increasingly vital position within corporations, with many now seeing it as a stepping stone to the CEO position.

article thumbnail

Man Who Carried Out Deadly New Orleans Terrorist Attack Worked at Deloitte

CPA Practice

Shamsud-Din Jabbar joined the Big Four firm in 2021, according to a statement from Deloitte, and was working as a senior solution specialist. He also had previously worked at EY after his service in the U.S. Army concluded.

52
article thumbnail

On the move: Herbein + Co. appoints CTO

Accounting Today

RSM welcomes 2025 class of partners and principals; CPAacademy.org honors 2024 Top Presenters; and more from across the profession.

article thumbnail

The Growth Architect: How Financial Leaders are Unlocking Potential

Speaker: Ashley Harlan, MBA

What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.

article thumbnail

Remote and Stripe Partner for Contractor Payments in Cryptocurrency

CPA Practice

The company said this gives companies a secure, near-instant alternative to compensate contract talent in the way that suits them best while Remote maintains compliance at home and abroad.

article thumbnail

Controlling Litigation Costs with Fixed Fees

FraudFiles

With the challenging economy were experiencing, people are constantly asking me how business is going. The assumption is that people and companies dont have money for litigation, and so my business is probably suffering. Add to that the long-term shutdown of various courts, and youd think that business would be slow. But Ive been doing [.

article thumbnail

Grant Thornton’s U.S. and Ireland Entities to Create Global Platform

CPA Practice

The new platform of roughly 12,000 professionals will include a united Trans-Atlantic advisory and tax practice, as well as independent audit practices.

audit 52
article thumbnail

Will auditors embrace AI or fall behind?

Accounting Today

The traditionally static field of auditing is on the edge of an industry-changing transformation, thanks to artificial intelligence.

auditor 40
article thumbnail

2025 Payroll Calendar Templates (Biweekly, Semi-Monthly, and Monthly)

Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!

article thumbnail

SEC Approves New PCAOB Procedure That Revokes Delinquent Firms’ Registrations

CPA Practice

Under the new rules, the PCAOB can address situations in which a registered firm has ceased to exist, is nonoperational, or no longer wishes to remain registered, as demonstrated by its failures to file annual reports viaPCAOB Form 2 and pay annual fees for at least two consecutive reporting years.

40
article thumbnail

Trump picks Ken Kies for key tax policy job at Treasury ahead of cuts push

Accounting Today

President-elect Donald Trump has announced members of his senior leadership team at the Treasury Department, who'll work alongside Scott Bessent, his pick for secretary.

Tax 52
article thumbnail

Aprio Acquires Two Chicago-Area Accounting Firms

CPA Practice

The top 30 accounting firm has expanded into the Chicago market after acquiring CPA firm KRD Ltd., which has offices in Chicago and Schaumburg, IL, as well as Burkett & Beattie, a CPA firm based in Libertyville, IL.

article thumbnail

US car sales get year-end boost from Trump's threat to end EV tax credits

Accounting Today

President-elect Donald Trump's threat to eliminate tax credits for electric vehicles likely gave plug-in cars a much-needed boost after a disappointing year.

Tax 40
article thumbnail

Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

article thumbnail

Trump Picks Ken Kies for Key Tax Policy Job at Treasury Department

CPA Practice

Kies, a longtime Republican lobbyist, will be assistant secretary for tax policy, placing him as a point person at Treasury working on tax cuts Trump has touted as a signature policy issue for 2025.

Tax 52