Online career resource Vault.com released its 2022 Accounting 50 list, an annual ranking of the best accounting firms to work for based on accounting professionals' feedback, with Big Four firm PricewaterhouseCoopers topping the list.
Big Four firms PwC, Deloitte and KPMG placed first through third, respectively. Their fellow Big Four firm Ernst & Young placed No. 29 out of 50.
1. PwC
2. Deloitte
3. KPMG
4. BDO USA
5. Plante Moran
6. RSM US
7. Baker Tilly US
8. Moss Adams
9. CohnReznick
10. CBIZ MHM
Botkeeper releases new pricing model for accounting firms | Accounting Today
Botkeeper, which provides outsourced automated bookkeeping solutions and services for firms, has introduced a new pricing model intended to provide greater access for firms of all sizes, especially smaller firms.
Starting at $10,000 per year, firms can leverage Botkeeper's artificial intelligence-enabled bookkeeping services for their clients, via an outsourced accounting model.
The new pricing structure aims to address the barriers faced by smaller accounting firms trying to bring efficiency gains to their practice through automation.
Avidxchange Launches New Purchase Order Functionality for Leading Middle Market Accounting
Persefoni’s carbon accounting platform raises $9.7 million – TechCrunch
The carbon accounting and management platform Persefoni now has $9.7 million more in funding to support its international expansion, product development and recruitment efforts.
The round, led by Rice Investment Group with participation from NGP ETP, the electricity, renewable and sustainability-focused investment arm of the oil and gas and power focused investment fund NGP, comes only about six months after the startup’s initial launch in August .
FASB change to rules for sales-type leases would cut losses | Accounting Today
The Financial Accounting Standards Board voted to modify its leases standard so some companies won't have to recognize a heavy loss at the beginning of certain types of lease contracts.
The change, which FASB approved at a board meeting Wednesday, applies to sales-type leases with variable lease payments. The leases standard, also known as ASC 842 under FASB's Accounting Standards Codification, requires lessors to determine whether a lease should be classified as a sales-type lease at the commencement of a lease on the basis of specific classification criteria.
Xiliinx chief accounting officer resigns | Seeking Alpha
Accounting records to be kept permanently. - Lexology
SPAC IPOs Tripped Up by Accounting Mistakes in Speed to Market
One of the dozens of companies to go public via SPAC merger in 2020 released a routine financial report with the wrong auditor's name on it.
In the grand scheme of missteps, American Virtual Cloud Technologies Inc.'s, need to release a statement in February and re-issue its year-end financials with the right auditor signature was minor.
But as a surge of private companies enter the public market through mergers with special purpose acquisition companies, more serious errors have already appeared, and financial accounting experts say it's likely just the beginning. Since January, three companies that went public through mergers with SPACs have made mistakes big enough to require them to restate their financial statements, securities filings show.
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