Friday, October 29, 2021

High Point University Students Simulate Forensic Accounting Exercise with IRS Agents | Business |

High Point University accounting students teamed up with federal IRS agents in the Criminal Investigation division on Oct. 27 to simulate the Adrian Project. The event helped students investigate different IRS crimes that agents encounter through mock scenarios.

Publisher: YES! Weekly
Twitter: @yesweekly
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Abington senior reflects on public accounting internship | Penn State University

Penn State Abington senior Chris Liston shares his experience as a tax intern at the public accounting firm Grant Thornton LLP in Philadelphia. Credit: Zack Gething .

Penn State Abington senior Chris Liston interned during the pandemic for the Philadelphia office of the audit, tax, and advisory firm Grant Thornton LLP. In a video, he reflects on lessons learned from his time there.

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Ditch the accounting tricks at the statehouse | Editorial | madison.com

Quick question: If you buy your Christmas gifts with a credit card this December, will you still owe that money in January?

Yet when state leaders put together a state budget — spending tens of billions of dollars a year in public money — they often fail to account for future obligations, pretending they don't exist.

Publisher: madison.com
Author: Wisconsin State Journal editorial board
Twitter: @WiStateJournal
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Bloomberg - Are you a robot?
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FASB updates accounting for acquired business revenue contracts | Accounting Today

The update aims to reduce the differences in the way companies account for the assets and liabilities they end up with when they acquire another company.

But some of FASB's stakeholders said it's unclear how an acquirer should evaluate whether to recognize a contract liability from a revenue contract with a customer acquired in a business combination after the revenue recognition standard is adopted.

Publisher: Accounting Today
Date: 2021-10-28T17:11:49.918
Author: https www accountingtoday com author michael cohn
Twitter: @AccountingToday
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Accounting Today launches 'Year Ahead' survey | Accounting Today

Accounting Today is conducting its annual "Year Ahead" survey, and is looking for input from public accountants across the country on their plans for 2022.

The annual survey aims to identify the key strategies, growth drivers and best practices that tax and accounting practices are looking to implement over the next 12 months, as well the issues that are top of mind for them. Areas of focus include:

Publisher: Accounting Today
Date: 2021-10-29T13:03:00
Author: https www accountingtoday com author daniel hood
Twitter: @AccountingToday
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NYSSCPA president Rumbi Bwerinofa-Petrozzello aims for greater diversity in accounting |

Rumbi Bwerinofa-Petrozzello, president of the New York State Society of CPAs, is hoping to make accounting a more diverse profession, as the first woman of color to hold the position in the NYSSCPA's nearly 125-year history.

She is senior director of consulting at Seramount, a data-driven strategic professional services firm that is dedicated to advancing diversity, equity and inclusion in the workplace.

Publisher: Accounting Today
Date: 2021-10-28T20:25:32.947
Author: https www accountingtoday com author michael cohn
Twitter: @AccountingToday
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Bentley Master's Fellowship Aims to Increase Accounting Industry Diversity

This fall Bentley University is joining some of the world's biggest accounting firms in launching initiatives that will help create a more inclusive industry for underrepresented groups.

"The fellowship opportunity reduces one of the many barriers to entry that students from underrepresented groups face in their educational pursuits and facilitates more inclusive and equitable access to a rigorous accounting education," says Bentley Assistant Professor of Accountancy Kerri-Ann

Publisher: Bentley University
Date: 2021-10-29T12:06:46-0400
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McNees Wallace & Nurick partners with central Pa.

Pictured from left to right are attorneys Fritz Kriete and Steve Moore; accountants, Bob Murphy, Dan Thompson and Jay Goldman and attorney, David Noll, all of Keystone Advisors (Photo provided)

A law firm based in Harrisburg and an accounting firm based in East Pennsboro Township have launched a new company aimed at providing services for companies seeking to buy or sell auto dealerships.

Publisher: pennlive
Date: 2021-10-29T19:59:47.107Z
Author: danielurie
Twitter: @pennlive
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Canada's Accounting Artifice Masks Logging's Climate Toll | NRDC

Driving across Canada's boreal forest, it's possible to be feet from a clearcut and never know it. Lining Canada's roads are thin strips of forest, made just dense enough to obscure from passersby the devastating scene on the other side.

Canada has taken the same tack in its portrayal of industrial logging's climate cost.

Publisher: NRDC
Date: 2021-10-28T14:05:17-04:00
Author: Jennifer Skene
Twitter: @nrdc
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