Accounting

The transaction expands EY's digital engineering and generative AI services to organizations across industries and sectors.

Shauna Marie Dickman was charged with two counts of felony theft for allegedly stealing at least $3,915 in cash.

Lawrence Malachefski was accused of stealing from the HVAC equipment company to support his online gambling habit.

The Board of Trustees of the Financial Accounting Foundation (FAF) is seeking nominations for new members to join the Financial Accounting Standards Advisory Council (FASAC) for an initial one-year term beginning January 1, 2025. The FASAC is the primary advisory body to the Financial Accounting Standards Board (FASB). The FASAC consists of approximately 35 members who represent a broad cross section of the FASB’s constituency. Its primary function is to advise the FASB on issues related to projects on the FASB’s agenda, possible new agenda items, project priorities, procedural matters that may require the attention of the FASB, and other matters as requested by the FASB chair. FASAC members are appointed by the FAF Trustees for an initial one-year term and are eligible to be reappointed for three additional one-year terms.

The recommendations would simplify filing for taxpayers and practitioners and will reduce the administrative burden on the IRS.

Federal authorities appear to be on the brink of reclassifying cannabis, a change which, if it happens, could affect the cannabis market in a variety of ways.

The financial management app maker Expensify, Inc., which focuses on expenses and corporate cards, has added expense tracking for self-employed professionals in its next-gen New Expensify platform.

In a staff report, the PCAOB discusses the importance of the root cause analysis process in firms' efforts to improve audit quality.