Accounting
News Flash: Accountants Feel Burned Out
Nearly all (99%) of the 204 accountants who participated in a recent survey are experiencing burnout.
Jason Bramwell
Jason Bramwell is senior staff writer for CPA Practice Advisor. He has nearly 25 years of professional writing experience, the last nine covering the accounting profession. He most recently was a staff writer and editor at Going Concern, and he previously spent five years as a staff writer and editor at AccountingWEB. He can be reached by email at jbramwell@cpapracticeadvisor.com.
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Accounting
KPMG Nabs Respected Grant Thornton Chief Economist Diane Swonk
Based in Chicago, Swonk will lead KPMG's Office of the Chief Economist.
Accounting
FASB Could Tweak Transition Requirements in Insurance Standard
Changes might be coming regarding the financial reporting requirements for long-duration contracts issued by insurance entities.
Accounting
Louisiana Accountant Sent to Jail For Stealing Nearly $1 Million From Firefighters' Pension Fund
Wayne Triche will spend the next three and a half years in federal prison for embezzling hundreds of thousands of dollars from the New Orleans Firefighters Pension and Relief Fund.
Accounting
FASB is Going to Do a Little More Research on Hedge Accounting, Statement of Cash Flows
Recent feedback from investors and other stakeholders has influenced the FASB’s research and technical agendas.
Accounting
California Accountant Sentenced to 29 Months in Prison For Defrauding Two Former Employers
Stephanie Simontacchi, 48, was sentenced to more than two years in federal prison on July 1 for bank fraud, embezzlement of credit union funds, and tax evasion.
Accounting
New Jersey CPA Admits to Concealing $147,000 From the IRS
William Kawam, 57, of Hewitt, N.J., pleaded guilty on June 30 to charges of subscribing to false tax returns and conspiracy to defraud the U.S.
Firm Management
EY Promotes Record 1,033 to Partner Worldwide
This year’s crop of 1,033 new partners surpassed last year’s 830 as EY’s largest class ever.
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Accounting
PCAOB Previews Inspection Priorities For 2022
Each year the PCAOB gives audit firms, investors, and public companies a heads up on what areas of the audit inspectors will be placing a greater emphasis on during its upcoming inspection cycle, in the hopes of improving audit quality.
Accounting
Crypto Fraudster Now Among the FBI's 10 Most Wanted
“Cryptoqueen” Ruja Ignatova is the only woman on the FBI's top 10 most-wanted fugitives list.
Accounting
EY Nailed With Record $100 Million Fine From the SEC For Ethics Exam Cheating
EY will have to pay a $100 million fine after it was revealed today that hundreds of the Big Four firm’s auditors had cheated on mandatory ethics exams ...
Accounting
FASB to Review Accounting For Environmental Credit Programs
The Financial Accounting Standards Board (FASB) recently decided to tackle a project that could result in new rules being created on how companies should account for environmental credits, such as renewable energy credits and carbon offset credits.