If the 2008 financial panic became the Great Recession, let's call the last year the Great Lockdown. As the U.S. economy reopens more fully, comparative data is emerging about the 50 states that illuminate how much of the economic harm was self-inflicted.
But the new data show that states that allowed businesses to reopen sooner, and maintained fewer restrictions for the rest of the year, recovered by year-end. Real GDP for private industries fell 1.3% nationally at an annual compounded rate between the first and fourth quarters, according to BEA.
Accounting and audit challenges to watch - Journal of Accountancy sponsored report
With Workiva, we've created a PowerPoint deck that helps you create your own scorecards -- quick reference reports used across organizations to update stakeholders on the performance of defined deliverables.
With 2021 marking the 100th anniversary of the first Black licensed CPA in the United States, a yearlong campaign kicked off to recognize the nation's Black CPAs and encourage greater progress in diversity, inclusion, and equity in the CPA profession.
How one accounting program introduces students to RPA - Extra Credit
Bryant Richards knew little about robotic process automation (RPA) when accounting firms recruiting at his school, Nichols College in Dudley, Mass., began saying his students should learn the skill. The push led Richards, an associate professor of accounting and finance, to learn more about RPA, and then to create RPA internships, advocate for the inclusion of RPA in the business core curriculum, and conceive of the college's Center for Intelligent Process Automation.
Short-seller hits Porch Group with litany of claims, questions its accounting for
An investment firm with a short position in Porch Group, standing to benefit if its share price falls, released a report questioning the Seattle-based home services software company's underlying business metrics, communications with investors, and accounting on a variety of fronts.
The report by Ben Axler , Spruce Point Capital Management's founder and chief investment officer, includes a claim that Porch made conflicting statements to the Securities and Exchange Commission about a May 2019 transaction in which its Porch CEO Matt Ehrlichman purchased Porch shares from home improvement giant Lowe's Companies Inc., which had been one of Porch's largest shareholders.
Coronavirus variant found in California accounting for more than half of Hawaii cases, DOH says
HONOLULU (KHON2) — A coronavirus variant identified in California is accounting for 59% of cases in Hawaii, the Hawaii State Health Department announced on Friday, April 9.
The B.1.429 “California” variant is the most dominant of the three variants circulating the islands.
The California variant is about 20% more contagious and is the cause for the recent uptick in cases on Maui. It is now accounting for 82% of the cases there as of March 2021.
Ex-Accounting Manager Sentenced to 10½ Years in Prison for Embezzling More Than $36 Million from
LOS ANGELES – A former accounting manager for a Los Angeles firm was sentenced today to 126 months in federal prison for embezzling more than $36 million from his employer's client and then using the bulk of the illicit gains to pay off tens of millions of dollars in credit card debt.
For more than seven years, McDaniel embezzled the funds from Hypermedia Systems Inc., a media technology services firm based in downtown Los Angeles. McDaniel initially was an independent contractor for, and then an employee of, E-Times Corp., a downtown Los Angeles-based professional services firm that provided accounting assistance to Hypermedia Systems. McDaniel was assigned to work at Hypermedia as an accounting manager.
ISG to Publish Study Evaluating Finance and Accounting Digital Service Providers | Business Wire
The study results will be published in a comprehensive ISG Provider Lens™ report, called Finance and Accounting Digital Outsourcing Services, scheduled to be released in August. The report will cover a range of finance and accounting solutions that leverage automation and other digital technologies to make processes more efficient, increase productivity, improve data accuracy, reduce costs and enhance customer experience.
Tech news: Avalara closes latest acquisition, and more | Accounting Today
IRS and COVID vaccine email scams proliferating this tax season | Accounting Today
Security experts are seeing a rise this tax season in phishing schemes and malware tied to hot-button subjects like tax refunds, stimulus payments and COVID-19 vaccines.
Dridex has been around for many years, but cybercriminals are attaching it to up-to-date messages. "It's a very dangerous banking malware, but they are matching up that social engineering to coincide with the IRS tax-filing date, etc., to deliver the same malware that they've always used," said DeGrippo. "Whatever is happening at the moment, they typically can align with."
Happening on Twitter
Migrant workers in Maharashtra heading pack to their respective villages in packed trains as the possibility of a f… https://t.co/DNjQ1KvqEt RanaAyyub (from Mumbai) Fri Apr 09 12:24:38 +0000 2021
Maharashtra may be heading for a full lockdown, state health minister @rajeshtope11 tells me. Watch the full interv… https://t.co/L8AriSJpjt SreenivasanJain Fri Apr 09 10:04:17 +0000 2021
The cost of Maharashtra's lockdown is estimated to be Rs 40,000 crore and will result in a 0.32% dip in India's GVA… https://t.co/mDA1McP9nx OpIndia_com (from New Delhi) Fri Apr 09 18:00:00 +0000 2021
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