Friday, April 30, 2021

2020 Review: Accounting and Auditing Enforcement Activity

In a year characterized by the challenges of the COVID-19 pandemic and the potential for a change in U.S. presidential administration, SEC enforcement activity remained strong but PCAOB activity declined to a new low. Together, the SEC and PCAOB publicly disclosed 63 accounting and auditing enforcement actions during 2020, with nearly 80% representing SEC actions. Monetary settlements totaled more than $1.4 billion, nearly all of which was imposed by the SEC.

Publisher: The National Law Review
Date: 5493B547C0AB527FF4CF8C4D0127302A
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SuperSonic Imagine – Change to French Accounting Standards as of June 30, 2022

SuperSonic Imagine (Paris:ALSSI) (Euronext: SSI, FR0010526814, PEA-PME eligible) (the " Company ") which specializes in ultrasound medical imaging, informs its shareholders that the Company has decided to continue to refer to IFRS for the purposes of its financial communication for the year 2021 (contrary to what it had announced in its press release dated November 2, 2020 relating to the transfer of the listing of the Company's shares on the Euronext Growth Paris multilateral trading

Twitter: @Yahoo
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Accounting Today looking for 2021 Top Firms by AUM | Accounting Today

Accounting Today is in the midst of collecting submissions for its 2021 ranking of the Top Firms by AUM.

Now in its fifteenth year, this report from Accounting Today ranks CPA firms involved in financial planning by assets under management, providing an invaluable insight into this burgeoning field.

Candidates for the list must be CPA firms that have a financial planning practice (including subsidiaries and affiliates), and at least one of the financial planners in the practice must hold a CPA credential.

Publisher: Accounting Today
Date: 2021-04-30T13:00:13.626
Author: https www accountingtoday com author daniel hood
Twitter: @AccountingToday
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Tax Fraud Blotter: Thank you for your service | Accounting Today

The pair established shell companies that purported to be involved in the construction industry. They obtained workers comp policies in the name of the shell companies to cover a minimal payroll for a few purported employees, then "rented" the insurance to work crews who had obtained subcontracts with construction contractors on projects in various Florida counties.

The contractors issued payroll checks for the workers' wages to the shell companies and the conspirators cashed these checks, then distributed the cash to the work crews after deducting their fee of some 6 percent of the payroll. The conspirators cashed payroll checks totaling some $22,793,748, with their fees totaling about $1,367,625.

Publisher: Accounting Today
Date: 2021-04-29T18:03:12.768
Author: https www accountingtoday com author jeff stimpson 1641
Twitter: @AccountingToday
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Climate Real Impact Solutions II Acquisition Corporation Announces Review of Warrant Accounting

On April 12, 2021, the staff of the Securities and Exchange Commission issued a Staff Statement on Accounting and Reporting Considerations for Warrants Issued by Special Purpose Acquisition Companies ("SPACs") (the "SEC Staff Statement"). The SEC Staff Statement addresses certain accounting and reporting considerations related to warrants of a kind similar to those issued by Climate Real Impact Solutions II Acquisition Corporation (the "Company").

Publisher: Watertown Public Opinion
Twitter: @PublicOpinionSD
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CBIZ acquires Berntson Porter in Washington State | Accounting Today

CBIZ is expanding to the Pacific Northwest, with its subsidiary CBIZ Accounting, Tax & Advisory of Washington buying the non-attest assets of Berntson Porter & Company PLLC, a firm in Bellevue, Washington, effective May 1.

Mayer Hoffman McCann, an auditing firm that's affiliated with Cleveland-based CBIZ in an alternative practice arrangement with the publicly traded company, is simultaneously acquiring Berntson Porter's attest assets. Financial terms of the deal, announced Thursday, were not disclosed. Berntson Porter has 120 employees and approximately $26 million in annual revenue.

Publisher: Accounting Today
Date: 2021-04-29T18:17:55.642
Author: https www accountingtoday com author michael cohn
Twitter: @AccountingToday
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CBIZ Acquires Top Puget Sound Accounting Service Provider Berntson Porter & Company, PLLC

CLEVELAND , April 29, 2021 /PRNewswire/ -- CBIZ, Inc. (NYSE: CBZ ) ("the Company"), a leading provider of financial, insurance and advisory services, announced its wholly-owned subsidiary CBIZ Accounting, Tax & Advisory of Washington , LLC has acquired the non-attest assets of Berntson Porter & Company PLLC ("Berntson Porter") of Bellevue, Washington , effective May 1, 2021 . Concurrent with this transaction, Mayer Hoffman McCann P.C.

Date: 9D28F7743C790DD88F2D9C7375EF7ED5
Author: CBIZ Inc
Twitter: @PRNewswire
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Boasting a pedigree in business intelligence, Sweep launches a new carbon accounting and offset

If businesses are going to meet their increasingly aggressive targets for reducing the greenhouse gas emissions associated with their operations, they’re going to have to have an accurate picture of just what those emissions look like. To get that picture, companies are increasingly turning to businesses like Sweep , which announced its commercial launch today.

The Parisian company boasts a founding team with an impeccable pedigree in enterprise software. Co-founders Rachel Delacour and Nicolas Raspal were the co-founders of BIME Analytics, which was acquired by Zendesk .

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Publisher: TechCrunch
Date: 2021-04-28 14:44:42
Author: Jonathan Shieber
Twitter: @techcrunch
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Minorities of Influence: CPAS - New Research Reveals Significant Diversity Challenges in
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Leone, McDonnell & Roberts expands team

DOVER - The certified public accounting firm of Leone, McDonnell & Roberts, PA welcomes Staff Accountant Stephanie Eno, Client Accounting Services Supervisor Jeni Lauder, and Administrative Assistant Leslie Gordon to the firm.

Eno has experience in both tax and audit. She was a CPA in New Jersey for years before relocating to New Hampshire where she has been employed in both for-profit and nonprofit organizations. She graduated from the University of Vermont with a degree in accounting and a minor in finance.

Author: Staff Report
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