Thursday, September 2, 2021

‘Autonomous accounting’ platform Vic.ai raises $50M round led by ICONIQ Growth

Vic.ai , a startup that has built an AI-based platform it claims can “automate” enterprise accounting, has raised a $50 million Series B round led by ICONIQ Growth, with participation from existing investors GGV Capital, Cowboy Ventures and Costanoa Ventures, bringing total capital

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Publisher: TechCrunch
Date: 2021-09-01 03:35:47
Author: Mike Butcher
Twitter: @techcrunch
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A Dishonest Afghanistan Accounting - WSJ

American Presidents must make hard decisions, and we're inclined to support them when they do so overseas in the national interest.

The charitable interpretation is that this is what Mr. Biden really believes about Afghanistan in particular, war in general, and how to defend the U.S.

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Publisher: WSJ
Date: 2021-08-31T22:46:00.000Z
Author: The Editorial Board
Twitter: @WSJ
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As M&A activity reshapes the tax & accounting profession, private equity takes a hand |

In early August, private equity firm TowerBrook Capital Partners announced it had made a strategic investment in EisnerAmper, a Top 20 accounting firm based in New York.

The deal is transformational and there are likely more to come, said Allan D. Koltin, CEO of Koltin Consulting Group and an advisor to accounting firms involved in many of the profession's largest mergers and acquisitions.

Publisher: Reuters
Date: 2021-09-01T15:50:37.884Z
Author: David Wilkins
Twitter: @Reuters
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Baker Tilly to acquire accounting tech services company AcctTwo | Accounting Today

Baker Tilly, a Top 25 Firm headquartered in Chicago, plans to acquire AcctTwo, a Houston-based technology and services company that specializes in finance and accounting transformation, effective Oct. 1.

By acquiring AcctTwo, Baker Tilly will become one of the leading business partners of Sage Intacct. AcctTwo has been named Partner of the Year for seven years by Sage Intaact.

Publisher: Accounting Today
Date: 2021-09-01T17:50:14.68
Author: https www accountingtoday com author michael cohn
Twitter: @AccountingToday
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Abandoning Office Space Creates Lease Accounting Headaches

Companies like Dropbox Inc., Zynga Inc., and many others have seized on the work-from-home trend during the pandemic to shutter offices and shrink their real estate footprints.

Reducing a few rented floors in an office building or getting rid of leased corporate headquarters isn't as simple as negotiating new lease terms and erasing a lease obligation from a balance sheet.

Twitter: @tax
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NASBA announces 2021 Accounting Education Research Grants recipients | Accounting Today

The National Association of State Boards of Accountancy has announced the team of recipients of its Accounting Education Research Grants Program for 2021.

First launched in 2011, the program looks to "advance research on educational issues impacting CPAs, the public accounting profession and state boards' charge to protect the public." More than $170,000 has been awarded in support of academic research since the program's inception.

Publisher: Accounting Today
Date: 2021-09-01T19:37:29.888
Author: https www accountingtoday com author sean mccabe
Twitter: @AccountingToday
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AICPA names 2021 George Willie Scholarship and Internship recipients | Accounting Today

The American Institute of CPAs has announced the recipients of the 2021 George Willie Ethnically Diverse Student Scholarship and Internship Program.

The annual program provides scholarships and internships to five ethnic minority accounting students who are pursuing the CPA license. The AICPA's scholarship provides up to $10,000 to each student to assist with their final year of study.

Publisher: Accounting Today
Date: 2021-09-02T13:28:04.637
Author: https www accountingtoday com author sean mccabe
Twitter: @AccountingToday
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WSJ Editorial Board: A dishonest Afghanistan accounting | Fox News

In media news today, ABC's Martha Raddatz pummels Biden's speech on Afghanistan withdrawal, Meghan McCain rips longtime family friend Biden after withdrawal speech, and the Pentagon acknowledges Americans are 'stranded' in Afghanistan despite Psaki claiming term was 'irresponsible'

Publisher: Fox News
Date: 2021-09-01
Twitter: @foxnews
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Worley & Obetz's 2 accounting firms settle with trustee, pay $425,000, deny any liability |

A Lancaster-based accounting firm and a Pittsburgh-based accounting firm have paid a combined $425,000 to settle allegations that their work caused unspecified harm to Worley & Obetz, court records show.

The settlement shows that Trout CPA, with its headquarters on Oregon Pike, and H2R came to terms with the court-appointed trustee overseeing Worley & Obetz's bankruptcy liquidation, whose job includes recouping as much money as possible for Worley & Obetz's creditors.

Publisher: LancasterOnline
Date: 2B99F54CA617112F75CE495FAAFCA280
Author: TIM MEKEEL Staff Writer
Twitter: @lancasteronline
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Bober Markey Fedorovich Earns Place on "Best of the Best" Accounting Firm Ranking |

Comprised of more than 50 metrics, Best of the Best firms are selected exclusively on their performance in specific areas of management, growth and strategic vision.

"Given the challenges, obstacles and uncertainties of this pandemic era, being named an INSIDE Public Accounting Best of the Best firm this year is a notable achievement in such a tumultuous time for both public accounting firms as well as clients," said Eric D. German, Partner at BMF.

Date: 2021-09-02
Twitter: @businesswire
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