Saturday, December 17, 2022

How European Soccer Clubs Are Lured to Game Accounting Rules

The 2022 World Cup comes to a close this weekend, but lingering accounting scandals tied to the sport aren't going away.

The entire board of Italian soccer giant Juventus resigned at the end of November after being accused of false accounting—the latest in a long list of scandals across European football.

Twitter: @tax
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Crypto Markets Winding Up A Negative Week Amid Accounting Concerns

The crypto auditing business may not be worthwhile for accountants. A source told Forbes that pressure from clients in other businesses to drop crypto may be behind the expected withdrawal of Armanino, and the same effect could apply to other auditors.

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Publisher: Forbes
Date: 2022-12-16
Author: Mitchell Martin
Twitter: @forbes
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FTX Lesson No. 1: Don't Fall Asleep In Accounting Class

Investigations are underway into the stunning collapse of FTX and its sister company, Alameda Research. FTX-related case studies will be taught in business schools for years to come.

Internal controls are the checks and balances a company puts in place to protect its assets, maintain integrity in its financial accounting systems and reporting processes, and to ensure compliance with company policies and applicable laws and regulations.

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Jim Gadwood Discusses Accounting Method Change for R&E Expenditures in Tax Notes | Miller ...

Jim Gadwood was quoted in Tax Notes regarding Revenue Procedure 2023-8, which allows taxpayers to use the automatic accounting method change procedures to capitalize research and experimentation (R&E) expenditures for 2022.

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Edgewell Personal Care Announces Appointment of Robert Schmidt as Chief Accounting Officer

SHELTON, Conn. , Dec. 16, 2022 /PRNewswire/ -- Edgewell Personal Care Company (NYSE: EPC ) today announced the appointment of Robert Schmidt as Chief Accounting Officer (CAO).  Mr.

"With over 20 years of experience, Rob is a seasoned finance executive with a proven track record of creating value and leading complex, fast paced organizations.

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Date: 9D28F7743C790DD88F2D9C7375EF7ED5
Author: Edgewell Personal Care Company
Twitter: @PRNewswire
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Accounting firm Mazars drops all crypto clients, including Binance and Crypto.com

French accounting firm Mazars is pausing all its work with crypto firms including, Crypto.com, KuCoin, and Binance, according to a spokesperson for Binance.

In a statement, a Mazars spokesperson told Yahoo Finance the firm, "paused its activity relating to the provision of Proof of Reserves Reports for entities in the cryptocurrency sector due to concerns regarding the way these reports are understood by the public."

Twitter: @YahooFinance
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Salve Success: Sarah Nerdig '21, is hired at Big Four accounting firm – SALVEtoday

Sarah Nerdig '21, who got her degree in accounting while at Salve Regina, has accomplished what most accounting students only dream about.

She has recently passed the Certified Public Accountant Examination (CPA Exam) with one of the highest scores in the state of Kentucky.

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Jason Marx of Wolters Kluwer Named to Accounting Today’s List of Top 100 People in ...

Wolters Kluwer Tax & Accounting North America President and CEO Jason Marx (Photo: Business Wire)

This much-anticipated listing, which this year also includes U.S.

Daniel Lee, editor of Accounting Today , wrote in his list introduction that his editorial team considers this year's list of honorees to be "a great representation of the accounting industry's wisest and most experienced guides," who they expect to steer the next generation of accounting ...

Date: 2022-12-15
Twitter: @businesswire
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4 U.S. accounting watchdog now able to audit firms in China | Reuters

NEW YORK, Dec 15 (Reuters) - The U.S. Public Company Accounting Oversight Board on Thursday said it has determined that it has gotten full access to inspect and investigate firms in China for the first time.

"Today's news is a rare positive. Obviously it's an ongoing process and something that needs to be repeated every cycle. But it seems like practicality has won out."

Publisher: Reuters
Date: 2022-12-15T20:57:20Z
Author: Reuters
Twitter: @Reuters
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