Friday, February 28, 2020

Reagor Dykes accounting associate takes plea deal, admits her role in fraud | KAMR -

AMARILLO, Texas (KLBK/KAMC) — Andrea Kate Phillips appeared in federal court in Amarillo on Tuesday as part of her plea bargain related to Reagor Dykes. Phillips signed a plea agreement in late January for a charge of misprision of a felony.

Phillips admitted in court records that she was an accounting associate in the Reagor Dykes corporate office.

"Phillips routinely falsified the dates that vehicles were sold in order to make [Ford Motor Credit Company] and its auditor believe that such vehicles were not being sold out of trust," court records said.

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Publisher: KAMR - MyHighPlains.com
Date: 2020-02-28T20:02:35 00:00
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Were you following this:

Intuit introduces tax practice management platform powered by Karbon | Accounting Today

Intuit, maker of QuickBooks, has harnessed the popular app Karbon to create the new Intuit Practice Management, planned to be available for tax year 2020. With it, tax professionals will be able to navigate Intuit ProConnect Tax Online and Lacerte to scope work, automate data collection, scale client onboarding, anticipate bottlenecks and automate recurring work.

"This partnership gives accounting firms something they've never had before, combining their best-of-breed tax and compliance software seamlessly with their professional-grade practice management," added Ian Vacin, chief customer officer and co-founder at Karbon, in a statement. "For the first time, they can streamline their workflow from end to end, allowing them to work more efficiently, make better-informed decisions and improve client service."

Publisher: Accounting Today
Date: 2020-02-28T16:00:54.127
Author: https www accountingtoday com author ranica arrowsmith
Twitter: @AccountingToday
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Granite Construction Faces Potential Scrutiny Over Its Accounting Similar To Fluor - Granite

Fluor recently announced SEC investigation into its accounting practices in relation to the charges it took in 2Q 2019.

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Granite usually announces fourth-quarter results before February end but the company seems to have delayed it.

Usually, when an Engineering and Construction company executes a multiyear project, management estimates the amount of revenue the project can generate and its associated cost. They use the percentage of completion method and book profit along the way. But often there are disputes between contractor and project owner especially in the cases with change orders . There might also be circumstances like delays in project completion, an increase in the cost of completion, etc.

Publisher: Seeking Alpha
Date: 2020-02-28T14:14:11Z
Author: GS Analytics
Twitter: @SeekingAlpha
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John W. Auchincloss named exec director at Financial Accounting Foundation

The Financial Accounting Foundation has announced the appointment of John W. Auchincloss as its new executive director.

The Norwalk-based nonprofit is responsible for the oversight of the Financial Accounting Standards Board, the Governmental Accounting Standards Board and their advisory councils. Auchincloss joined the foundation as vice president and general counsel in May 2016 and was appointed acting president last year following the departure of then-President Terri Polley .

Publisher: Westfair Communications
Date: 2020-02-28T07:07:40-05:00
Author: Phil Hall
Twitter: @westfaironline
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Quite a lot has been going on:

Deloitte introduces VR platform for relocating staff | Accounting Today

As part of its Tax in 2020 initiative, Deloitte has introduced Immersive Mobility, a virtual reality-driven service that helps orient transitioning employees to new locations.

The new offering is designed to reduce the financial and environmental costs of relocation. Immersive Mobility offers 360-degree city tours, virtual home tours, onboarding, and mixed-reality training combining virtual reality, video and more. The goal is for staff members and their families to have an easier transition when they move for work.

While the product will be useful to plenty of U.S.

Publisher: Accounting Today
Date: 2020-02-28T18:41:21.895
Author: https www accountingtoday com author ranica arrowsmith
Twitter: @AccountingToday
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People on the move: Honkamp Krueger hires audit partner | Accounting Today

Abeles and Hoffman adds four to ownership group; Lumsden McCormick promotes five to manager; and more personnel news.

Publisher: Accounting Today
Date: 2020-02-28T16:47:06.954
Author: https www accountingtoday com author danielle lee
Twitter: @AccountingToday
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Firms on the move: MWE releases video documenting office relocation | Accounting Today

NATP announces 2020 Tax Forums; Hancock Askew creates Clarity Capital Advisors; and more CPA news.

Publisher: Accounting Today
Date: 2020-02-28T16:59:14.351
Author: https www accountingtoday com author danielle lee
Twitter: @AccountingToday
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Next Games Corp.

In addition, a new Alternative Performance Metric, "Publishing Operations' Profitability'' will be introduced as supplemental information in Next Games financial reporting. The aim of the new alternative performance metric is to provide investors with meaningful insight into the profitability of the company's publishing operations.

Previously all game development costs, both for published and unpublished games, were reported under Next Games' Research and Development function. Going forward, only costs related to unpublished games and technology development will be reported under the research and development function, this includes but is not limited to:

Publisher: GlobeNewswire News Room
Date: 2/28/2020 5:58:00 AM
Author: Next Games Oyj
Twitter: @globenewswire
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