Blog Articles & Video Accounting

The Securities and Exchange Commission charged food processing company Archer-Daniels-Midland Company and its three former executives with accounting and disclosure fraud. Processing Content The SEC litigated action against former executive Vikram Luthar, alleging that he materially inflated the performance of ADM’s nutrition segment, which the company touted to investors as

The Illinois CPA Society named 39 students to the Mary T. Washington Wylie Internship Preparation Program Scholars.  Processing Content The three-day virtual program, held Jan. 6-8, 2025, helps Illinois-based accounting students pursue careers in the profession through training, resources and mentorship to prepare them for internships. Fifteen recipients were selected

When discussing risk in accounting, the focus typically shifts to fraud, intentional misconduct and bad actors. However, many of the most damaging issues in financial reporting and tax compliance stem from ordinary accounting errors that go unnoticed in organizations that believe they are compliant.  Processing Content These errors seldom make

Analise Olszewski Experts are calling 2026 “the year of the flip,” expecting some of the earliest accounting firms that signed private equity deals to reach their first “turn,” when the PE partners look to realize their return by selling on their stake. But 2025 already saw accounting’s first flip, all

The trustees overseeing the Financial Accounting Foundation have named three new members of the Governmental Accounting Standards Advisory Council and reappointed 11 current members for another term starting in the New Year. Processing Content The GASAC provides input to the Governmental Accounting Standards Board, which the FAF oversees, on strategic

Finance and accounting leaders ranked artificial intelligence, digital transformation and need for new skills above innovation and growth as the top issues facing the profession, in a recent poll. Processing Content The Association of International CPAs & Chartered Institute of Management Accountants held the Future of Finance Summit last week,

Nine organizations including the American Institute of CPAs have sent a letter to the U.S. Department of Education expressing strong opposition to draft regulations that would exclude accounting from recognition as a professional degree program, urging accounting programs be included in the proposed rule. Processing Content Last month, the Department

The Securities and Exchange Commission is planning to encourage greater cooperation between U.S. and international standard-setters on accounting and auditing standards as a way to lower costs and complexity for multinational companies, while putting pressure on the International Financial Reporting Standards Foundation to improve its funding and place less emphasis