The Securities and Exchange Commission has brought charges against Hill International, its former chief accounting officer, and a former senior accountant for engaging in accounting fraud and disclosure violations at the construction management consulting firm.
According to the SEC's complaint , filed Jan. 16 in the U.S. District Court for the Southern District of New York, the violations arose from "repeated reporting errors and a failure to maintain accurate books and records" by Ronald Emma, Hill's former chief accounting officer, and Nicholas Tornello, then a senior accountant reporting to Emma.
While you're here, how about this:
Built Technologies acquires lienwaivers.io | Accounting Today
Built Technologies, a provider of construction finance software, has acquired lienwaivers.io, a developer of lien waiver management and payment technology for commercial and residential construction.
With the acquisition of lienwaivers.io, Built plans to continue to expand its software and services for the construction finance industry. Built will create a new division, Built for Contractors, led by lienwaivers.io CEO Geoff Arnold. The division will focus on developing technology to help commercial real estate owners, commercial general contractors, residential homebuilders, specialty contractors, title companies and lenders manage the construction payment process.
Macron, Trump may have tariff truce in 2020 digital tax spat | Accounting Today
Presidents Emmanuel Macron and Donald Trump agreed to a truce in their dispute over digital taxes that will mean neither France nor the U.S. will impose punitive tariffs this year.
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"We will work together on a good agreement to avoid tariff escalation," he said on Twitter.
"Excellent!" Trump said in a reply to Macron's post, without providing additional information. Trump is en route to Davos, Switzerland, for the World Economic Forum.
OncoSec Announces the Appointment of Robert J.
"Rob is a highly trusted and respected member of the OncoSec team, and his experience and skill sets will ensure that the transition is seamless," said Daniel J. O'Connor, OncoSec's President and Chief Executive Officer. "This is an extremely exciting time for OncoSec. Pending approval from our shareholders and the completion of the strategic transaction with China Grand Pharmaceutical and Healthcare Holdings Limited ("CGP") and Sirtex Medical US Holdings, Inc.
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Investor / Media:
Gem Hopkins
Head of Corporate Communications
858-210-7334
ghopkins@oncosec.com
Not to change the topic here:
Global economic confidence rebounded in Q4, say ACCA and IMA | Accounting Today
Global economic confidence bounced back in the fourth quarter of last year to approximately the level it enjoyed in mid-2019, with a particularly strong improvement in North America, according to a new survey of accountants from the Association of Chartered Certified Accountants and the Institute of Management Accountants.
The U.S. GECS confidence measure improved significantly in Q4 to its highest level since 2018 Q2. Progress in the trade negotiations with China and the third quarter-percentage point cut in the U.S. Federal Funds rate since July may have helped improve overall sentiment.
Rules governing companies' 'goodwill' accounting could change
A brewing battle over how to treat more than $5.5 trillion in assets on company books is pitting investors against businesses, investment advisers against academics and even banks against their own trade association.
At issue is an accounting term known as "goodwill," which is the premium a company pays when it buys another for more than the value of its net assets. An unprecedented five-year boom in mergers and acquisitions has added urgency over how to account for the financial concept, The Wall Street Journal reports.
Art of Accounting: Withum SOTF 2020 | Accounting Today
Withum's annual State of the Firm (SOTF) event, attended by over 1,000 Withum team members, was held at the New Jersey Performing Arts Center last Monday. Every office was well represented, including our brand new Irvine, California office, and I was able to meet a bunch of my new colleagues.
We are a large firm that is growing in an accelerated but controlled manner, and maintaining the culture that got us here is necessary. Meetings such as this where our managing partner reports to the firm on our growth provide important metrics. Strategic planning initiatives and our culture-strengthening activities, combined with great networking after the formal program, keep us aware of the one firm (with 13 offices) that we are.
Accounting, tax and advisory firm Sax Relocates to LATITUDE | Parsippany Focus
"LATITUDE is designed to transcend the traditional work routine," said Sam Morreale, founder and managing partner of Vision Real Estate Partners. "At LATITUDE, you don't just come to the office to work – you come here to share experiences across disciplines and companies to become the most successful version of yourself. We look forward to being a part of this exciting new chapter in the future of Sax LLP."
Vision and Rubenstein are in the process of transforming the 700,000-square-foot campus into a next-generation, holistic workplace with a design theme that features collaborative spaces inspired by cities from across the U.S. — from New York City to Denver to Los Angeles.
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