Megan Varner/Bloomberg CSX Corp. received a subpoena from the U.S. Securities and Exchange Commission focused on previously disclosed accounting errors and certain non-financial performance metrics. The subpoena asked the railroad company to produce documents about accounting mistakes CSX disclosed in its previous quarterly report, according to a regulatory filing on Thursday. The
Private sector employment increased by 143,000 jobs in September, while annual pay rose 4.7% year-over-year, payroll giant ADP reported. The ADP National Employment Report, released last Wednesday, found that the service-providing sector added 101,000 jobs last month, including 20,000 in professional and business services such as accounting and tax preparation.
A majority of accountants are expecting disruption in their work, according to the 2025 Annual Salary Guide released Tuesday by LHH, a talent solutions provider and global business unit of the Adecco Group, which found in its “Global Workforce of the Future” report that 57% of financial services professionals and
Melanie Lauridsen, vice president of tax policy and advocacy at the AICPA, and Cynthia Rijo Sanchez, president of the Puerto Rico CPA Society, discuss the boom in demand for tax and accounting services, and what it takes to successfully serve this market. Transcription: Transcripts are generated using a combination of
Forecasting the future for accountants has rarely been more difficult, according to American Institute of CPAs president and CEO Barry Melancon. “The profession today is in a very unpredictable landscape. Young people have never known anything but this environment,” he told attendees of the AICPA Executive Roundtable, a gathering of
The Securities and Exchange Commission announced fraud charges Tuesday against Baba Nadimpalli, co-founder and former CEO of SKAEL Inc., a San Francisco-based private technology company that developed business automation software. Between January 2021 and February 2022, Nadimpalli raised more than $30 million from investors by falsely claiming that SKAEL had
The Treasury Department’s Financial Crimes Enforcement Network has created an online toolkit to help small business owners comply with the new beneficial ownership information reporting requirements. The new FinCEN BOI resource aims to familiarize small business owners with beneficial ownership reporting requirements. The new reporting requirements are mandated by the
The Federal Reserve lowered its benchmark interest rate by a half percentage point Wednesday, an aggressive start to a policy shift aimed at bolstering the U.S. labor market. Projections released following their two-day meeting showed a narrow majority, 10 of 19 officials, favored lowering rates by at least an additional
Authorities also imposed a six-month suspension on the local operations of the global firm, which was once a dominant auditor in China.
Think about people who have captured your attention with a great story. How did the narrative influence your connection to that person and help you understand the wisdom and insights they were sharing with you? When most people hear the word “storytelling,” they think about movies, novels, theater and folklore.