Private equity firms are increasing their funding of accounting firms in a pair of deals announced this week, with Lightyear Capital partnering with Schellman & Co., and CVC Capital Partners investing in CFGI.
Lightyear said Friday that its affiliated investment funds have agreed to acquire assets from and partner with Schellman in forming a new technology and cybersecurity venture known as Schellman Compliance LLC.
COSO, Deloitte offer AI risk management guide | Accounting Today
The Committee of Sponsoring Organizations of the Treadway Commission has teamed up with Deloitte on a new guide to help organizations combine their risk management efforts with their artificial intelligence initiatives.
Some of the possible risk factors can include cybersecurity, data risks, bias and ethics. In one survey, Deloitte found that 62% of the respondents have significant concerns about cybersecurity vulnerabilities, but only 39% are addressing those risks.
Former Accounting Coordinator for Non-Profit Organization Sentenced to Prison for Embezzling More
PITTSBURGH, PA - A resident of Pittsburgh, PA, has been sentenced in federal court to 17 months of prison followed by two years of supervised release on her conviction of bank fraud, Acting United States Attorney Stephen R. Kaufman announced today.
United States District Judge David S. Cercone imposed the sentence on Danielle Strother-Rush, 34, of Columbia Avenue, Pittsburgh, PA 15218.
... — Presented by The American Petroleum Institute — Dems demand
Today, we're looking at other tough political accounting. First, there's the cross-border backlash from a Canadian nuclear waste storage proposal on the Great Lakes.
For Equilibrium, we are Saul Elbein and Sharon Udasin. Please send tips or comments to Saul at selbein@thehill.com or Sharon at sudasin@thehill.com . Follow us on Twitter: @saul_elbein and @sharonudasin .
Ex-accounting coordinator for nonprofit sentenced to prison for embezzling $321K | TribLIVE.com
Danielle Strother-Rush, 34, who was an accounting coordinator for the Eastern Minority Supplier Development Council, a Pittsburgh nonprofit organization that was created to increase business opportunities for minority-owned businesses, was sentenced by U.S. District Judge David Cercone.
Lease Accounting Day 2: How New Lease Accounting Standards Have Impacted Lease Management | CFO
The new lease accounting standards (ASC 842, IFRS 16 and GASB 87) have created a significant undertaking for organizations. Now, lease accounting requires much more time and resources. And, this is an ongoing effort that will take place long after the standard’s deadlines are met.
ESG: There isn't an 'opt-out clause' for accounting, finance professionals
Like financial reporting, environmental, social, and governance (ESG) reporting and sustainability issues are set to become an integral part of an accountant's job.
In a recent FM podcast episode, Association Chair and CIMA President Paul Ash said that with more businesses including ESG in their strategies, the accounting profession needs to help organisations comply with their ESG goals.
Georgia's New State Accounting Officer and Commissioner of the Department of Human Services
Governor Brian P. Kemp administered the oath of office to Gerlda B. Hines to serve as State Accounting Officer and Candice Broce to serve as Commissioner of the Department of Human Services. Commissioner Broce will also serve as Director of the Division of Family and Children Services.
Ross is inaugural recipient of the Sammie Smith Professorship of accounting | Social Media |
The Stephen F. Austin State University Gerald W. Schlief School of Accountancy within the Rusche College of Business recently awarded the Sammie Smith Professorship to assistant accounting professor Dr. Stephanie Ross. The new professorship was created through an endowment by Professor Emeritus
Happening on Twitter
A private equity-owned nursing home chain defrauded taxpayers by over-billing Medicare and was ordered to pay $256… https://t.co/RVLFK9bCDH DanPriceSeattle (from Seattle, WA) Fri Sep 17 17:32:00 +0000 2021
Private equity firms got $5 billion in covid bailouts (that's money from you and me). Those same companies had $90… https://t.co/leZKnjr2rq DanPriceSeattle (from Seattle, WA) Thu Sep 16 19:14:00 +0000 2021
CARRIED INTEREST IS AN ABSOLUTE GIVE AWAY TO PRIVATE EQUITY- WHY ISN'T THAT LOOPHOLE BEING CLOSED? A family in NJ m… https://t.co/agMDq7onNc SRuhle (from New York City) Thu Sep 16 18:45:06 +0000 2021
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