While it shouldn't come as a surprise for an organization that has famously failed to ever pass an audit , the Pentagon was nevertheless able to shock some observers this week with a new batch of financial numbers.
According to Bloomberg's Anthony Carpaccio, the Department of Defense made $35 trillion in "accounting adjustments" in 2019, easily surpassing the $30.7 trillion in such adjustments recorded in 2018.
While you're here, how about this:
SEC probes Florida private lender over accounting questions - Reuters
NEW YORK, Jan 23 (Reuters) - TCA Fund Management Group Corp, a Miami-area business lender that produced nearly a decade of virtually uninterrupted gains, is liquidating its main investment fund amidst a U.S. securities investigation related to its accounting practices, according to a client and documents reviewed by Reuters.
A TCA letter to investors on Tuesday said it was suspending clients’ access to cash as they had asked for more money than was available.
Pentagon racks up $35T in accounting changes in one year | Accounting Today
The Pentagon made $35 trillion in accounting adjustments last year alone — a total that's larger than the entire U.S. economy and underscores the Defense Department's continuing difficulty in balancing its books.
The latest estimate is up from $30.7 trillion in 2018 and $29 trillion in 2017, the first year adjustments were tracked in a concerted way, according to Pentagon figures and a lawmaker who's pursued the accounting morass.
Scheffel Boyle CPAs welcomes new accountants, interns - AdVantageNEWS.com
(From left) FOCUS interns Zeke Cassidy, Joe Guithues, Brittany Parker, Erica Bechtold, Cydney Mitchaner, Taylor Townsend, Jason Dempsey, Julia Carroll, Breanna Ziemer, Karla Posos-Beetz, Alice Ratermann, and Emma Gregowicz
Scheffel Boyle CPAs announced the addition of 4 staff accountants and 12 senior interns to their growing team. The local public accounting firm welcomed their newest full-time staff accountants to its Alton, Edwardsville, and Belleville offices, with plans for more growth later this year. The additions include Southern Illinois University Edwardsville graduates Jessica Lake , Zach Williams , Evan Tyson , and Jett Durr .
And here's another article:
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Illinois CPA Society president signs 'Diversity and Inclusion Pledge' | Accounting Today
Illinois CPA Society president and CEO Todd Shapiro (pictured) signed the CEO Action for Diversity and Inclusion Pledge this week , joining more than 800 CEOs across various industries committed to building a more inclusive workplace.
With the signing of the pledge, the Illinois CPA Society hopes to "continue cultivating a trusting environment where all ideas are welcomed and where all staff members are supported and empowered to discuss diversity and inclusion," according to the organization.
2-Day Foundation in Accounting Course (London, United Kingdom - February 24-25, 2020)
Dublin, Jan. 23, 2020 (GLOBE NEWSWIRE) -- The "Foundation in Accounting Course" training has been added to ResearchAndMarkets.com's offering.
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Financial Accounting Foundation Announces Search for New Member of Governmental Accounting
The FAF is seeking an individual with a strong background as a state government auditor or similar government role to fill Dr. Granof's seat. Former state auditors have served continuously on the GASB since its inception in 1984, and they provide a vital perspective to the GASB as the Board works to improve public sector accounting standards.
Beyond this specific professional background, interested candidates must demonstrate a track record of professional conduct that is conducive to the standard-setting process. Important traits include a high level of intellect that is applied with integrity and discipline; the ability to work in a collegial, consensus-driven atmosphere; excellent communication skills; and a commitment to advocate for the public interest.
Happening on Twitter
The Pentagon made $35 trillion in accounting adjustments last year alone—a total that's larger than the entire U.S.… https://t.co/kEYhTsjz4q business (from New York and the World) Thu Jan 23 01:20:50 +0000 2020
The Pentagon made $35 TRILLION in accounting changes last year. One year. $35,000,000,000,000 . . . We act like we… https://t.co/u9e2a2PU2i Public_Citizen (from Washington, DC) Wed Jan 22 19:50:20 +0000 2020
We break: The Pentagon made $35 trillion in accounting adjustments last year alone -- a total that's larger than th… https://t.co/n2tUdNN4rH ACapaccio (from Washington D.C.) Wed Jan 22 10:42:34 +0000 2020
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