PARIS (Reuters) - Shares in French IT consulting firm Atos fell sharply on Thursday after the company disclosed that auditors had found accounting errors at two of the firm's U.S. units.
Atos shares were down 18% in early trading on the Paris bourse, then recovered some ground and were trading down 13.8 % at 0805 GMT. Citi downgraded its outlook on the stock to neutral, citing the accounting issues.
Many things were taking place:
U.S. prosecutors drop accounting fraud case against ex-Brixmor executives
(Reuters) - U.S. prosecutors are dropping accounting fraud charges against the former chief executive officer and onetime chief financial officer of Brixmor Property Group Inc, who were accused of manipulating a key financial metric for the large shopping center owner and operator.
Federal prosecutors in Manhattan in a court filing said they concluded based on new information that they could not prove their case against former CEO Michael Carroll and ex-CFO Michael Pappagallo, prompting a judge to dismiss the case on Thursday.
Writing in Accounting | University Writing & Speaking Center | University of Nevada, Reno
Accountants spend one third of their time writing, according to a survey conducted by Nellermoe, Weirich, and Reinstein (1999, as cited by Cleaveland & Larkins, 2004). They must document processes, clarify issues, and propose actions for both internal and external audiences. Beyond a corporate setting, accountants who wish to sit for the professional accounting exams must also polish their writing for time-constrained writing scenarios.
This accounting firm will let staff choose start times — and clock off early in the summer -
PwC has told its U.K. based staff they can spend around half their working hours at home after the COVID-19 pandemic ends — and clock off early on Fridays during the summer.
The accounting giant said it expects its 22,000 employees in the U.K. to spend an average of 40–60% of their time working with colleagues, either in its offices or at client sites, once pandemic restrictions are lifted, with the freedom to work remotely the rest of the week.
While you're here...
Female leadership in accounting expands, but not fast enough | Accounting Today
The accounting profession is slowly becoming more diverse as more firms expand their hiring and promotion of women and people from underrepresented backgrounds, but progress has been halting.
As Women's History Month comes to a close, more attention is being paid to gender diversity issues. However, after the annual commemorations fade, women will still be struggling for equality, as the pandemic sheds light on the extra burdens faced by women who have lost their jobs in the past year as companies cut costs.
Brown Edwards named top regional accounting firm | Chesterfield Observer
Brown Edwards’ Brad Bailey, Beth Llewellyn and Chris Banta in the firm’s Midlothian office. Photo by James Haskins
Brown Edwards has been chosen as one of the top regional leaders in Accounting Today's Top 100. The company now ranks No. 79 on the list, climbing 10 spots from their 2020 ranking. In addition to being included in the top 100, Brown Edwards also ranks fourth in the Capital Region, encompassing Delaware, Maryland, Virginia, Washington, D.C., and West Virginia and is recognized as a pacesetter in growth for 2020.
Wolters Kluwer adds crypto tax capabilities to CCH products | Accounting Today
Wolters Kluwer Tax & Accounting has partnered with CoinTracker and Verady to integrate their cryptocurrency software capabilities with the cloud-based CCH Axcess Tax and on-premise CCH ProSystem fx Tax platforms.
Both crypto companies make software for tax professionals. CoinTracker's software and Verady's Ledgible Tax Pro platform both automate IRS Form 8949 for virtual currency assets.
The integration with tax preparation and compliance solutions from Wolters Kluwer is meant to make it easier for firms to import this data into tax returns. Every virtual currency transaction is now considered a taxable event, so it's the tax professional's responsibility to calculate the gains and losses, track cost basis, and ensure tax returns are accurate, which can be especially complex if clients use multiple exchanges.
Happening on Twitter
IT firm Atos' shares slump 18% after accounting issues disclosed https://t.co/lb4LbCpypp https://t.co/4E34eFG7yi Reuters (from Around the world) Thu Apr 01 10:00:17 +0000 2021
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