Tuesday, August 3, 2021

M&A activity in accounting on the rebound in 2021, expert says - Journal of Accountancy

Merger-and-acquisition (M&A) activity for accounting firms is surging in 2021, Joel Sinkin, the New York-based president of Transition Advisors LLC, said in a session at AICPA & CIMA ENGAGE 2021 .

That led to pent-up demand, leading many firms to pursue M&A once the pandemic slowed in 2021, he said.

Publisher: Journal of Accountancy
Date: 2021-08-02T08:20:00.000-04:00
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Art of Accounting: 400th column | Accounting Today

Reaching 400 consecutive weeks of practice management columns is, I believe, an admirable achievement. I wanted to "celebrate" it with a fantastic column today.

I encourage readers to contact me with their questions. This puts me in touch with real problems and gives me information for future columns. I do not know everything, and some questions lead to me learning about something I previously did not consider.

Publisher: Accounting Today
Date: 2021-08-02T15:19:56.793
Author: https www accountingtoday com author edward mendlowitz
Twitter: @AccountingToday
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A guide to client accounting services | Accounting Today

Whether you call it CAS, client accounting services, outsourced accounting or something else, CAS is one of the fastest-growing areas for many accounting firms. The CAS Benchmark Survey shows this area is seeing double-digit growth in firms — a rate exceeding overall firm growth.

Publisher: Accounting Today
Date: 2021-08-02T18:56:53.971
Author: https www accountingtoday com author jody padar
Twitter: @AccountingToday
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The Dirty Secret of Carbon Accounting That Underpins Climate Goals

There's a dirty secret of carbon accounting, and it could soon be exposed. That's because the assumptions most companies base their calculations on could be wrong.

Let's take a step back. Corporate financial accounting tells you how much a company earned, how much it spent and how much it owes. You can generally trust those numbers because most large companies employ skilled, expensive auditors to ensure that the figures are as accurate as possible.

Twitter: @Yahoo
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SEC charges EY and partners with audit independence misconduct | Accounting Today

The Securities and Exchange Commission charged Ernst & Young, one of its current partners, and two of the firm's former partners Monday with violating auditor independence rules and improper professional conduct.

The case involves EY's efforts to serve as auditor for Sealed Air, a public company in Charlotte, North Carolina, with nearly $5 billion in revenue. The SEC separately brought charges against Sealed Air's former chief accounting officer for his role.

Publisher: Accounting Today
Date: 2021-08-02T18:35:55.035
Author: https www accountingtoday com author michael cohn
Twitter: @AccountingToday
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EisnerAmper restructures after private equity investment | Accounting Today

EisnerAmper LLP, a Top 20 Firm based in New York, received an investment Monday from TowerBrook Capital Partners, a private equity firm, and is separating the non-attest side into an entity called Eisner Advisory Group LLC.

The amount of the investment was not disclosed, but EisnerAmper CEO Charly Weinstein called it "significant." The firm will have an alternative practice structure similar to the kind pioneered by American Express when it acquired the CPA firm Goldstein Golub Kessler in 1998.

Publisher: Accounting Today
Date: 2021-08-02T21:49:14.109
Author: https www accountingtoday com author michael cohn
Twitter: @AccountingToday
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Request, Cryptio Streamline Crypto Accounting | PYMNTS.com

Request and Cryptio are teaming up to streamline and advance accounting solutions for cryptocurrency and blockchain transactions.

"We're excited to announce that Cryptio has successfully integrated Request, the invoicing platform for crypto-first companies, to simplify bookkeeping and accounting of blockchain-based transactions," Request said.

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Date: 2021-08-02T18:52:07-04:00
Twitter: @PYMNTS.com
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National publication names Davis & Hodgdon as Best Accounting Firm to Work for | Vermont

Vermont Business Magazine Davis & Hodgdon Associates CPAs was recently named as one of the 2021 Accounting Today's Best Accounting Firms to Work for. 2021 is the fourth year that the firm has been included in the national publication's annual list.

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Accounting for childhood hunger in Baltimore

Lynne Kahn draws on her expertise and faith to run Baltimore Hunger Project, which feeds vulnerable kids on the weekends

It's Friday afternoon in Baltimore City, and kids are bounding out of school, excited for the weekend.

And there is Lynne Kahn standing in that “hunger gap” breach, like a nutrition guardian angel. (Kids have called her the "lunch lady.") Tucked inside the needy students’ backpacks are sandwiches and snacks provided by her expanding anti-childhood hunger nonprofit.

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Publisher: Jewish Insider
Date: 2021-08-03T09:00:00 00:00
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Lender Alpha Latam Files for Bankruptcy Over Mexican Accounting Errors

Creditors said Alpha defaulted earlier this year when the privately held nonbank lender disclosed accounting errors in its Mexican segment, sending its bond prices tumbling.

Publisher: WSJ
Date: 2021-08-02T16:57:00.000Z
Author: Becky Yerak
Twitter: @WSJ
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