Accounting
FASB Set to Issue New Rules on Supply Chain Finance Programs Later This Year
The new standard is expected to provide more transparency about these arrangements on corporate balance sheets.
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
Accounting Profession Has One of the Lowest Turnover Rates in the U.S.
Accounting had the third-lowest average turnover rate (9.4%) from July 2021 to June 2022 out of the 13 job functions LinkedIn analyzed.
Accounting
News Flash: Accountants Feel Burned Out
Nearly all (99%) of the 204 accountants who participated in a recent survey are experiencing burnout.
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.