Audit fees in the U.S. appear to be climbing at a faster pace in recent years than in Canada and Europe, according to a new survey from the International Federation of Accountants. The survey, released Monday, found that the average audit fee as a percentage of revenue rose from 0.39%
A former accountant at pizza giant Domino’s Pizza Inc. has agreed to pay almost $2 million to settle allegations of insider trading from the Securities and Exchange Commission. The SEC alleges that from 2015 to 2020, Bernard L. Compton traded ahead of a dozen of Domino’s earnings announcements based on
Kindness isn’t always seen as a valuable trait in leadership; in fact, it’s often seen as a weakness. But the organizations that thrive create a culture of open feedback, mentoring, and empowerment. Kindness and great leadership complement each other beyond just the relationship you have with your team. Studies show
The American Institute of CPAs announced that it is accepting student applications for its 2022 Accounting Scholars Leadership Workshop being held Oct. 12–14 in Litchfield Park, Arizona. The annual workshop invites minority college accounting students pursuing CPA licensure to bolster their skills and network with fellow students and CPAs. Sessions
The sudden wholesale shift to remote work brought on by the COVID-19 pandemic required accounting firms to significantly upgrade the manner and frequency with which they communicate with staff — and for some, like KPMG US, this sudden change in staff communication didn’t reflect a flash in the pan, but
No account; unnamed and unregistered; on standby — for jail; and other highlights of recent tax cases. Toledo, Ohio: Businessman Michael Meridieth has been sentenced to a year and a day in prison and ordered to pay $1,125,268.84 in restitution after pleading guilty to attempting to cheat on his income
The Public Company Accounting Oversight Board imposed monetary penalties and other sanctions Tuesday against two accounting firms in the U.S. that had been working with unregistered auditing firms in China. The cases were called separate, unrelated matters, but the sanctions were announced simultaneously. They involved WWC PC, a firm in
Sen. Elizabeth Warren, D-Massachusetts, and Reps. Katie Porter and Brad Sherman, both Democrats from California, want information from Intuit Inc, the maker of TurboTax tax preparation software, about how much money the company makes off of low- and middle-income filers, and information about how many Intuit employees previously worked for
The Illinois CPA Society announced its charitable partner the CPA Endowment Fund of Illinois appointed its board of directors, to serve April 1, 2022-March 31, 2023, officers: chairperson Kimberley Waite, Marcum LLP; vice chairperson Jason Parish, Plante Moran PLLC; secretary Martrice Caldwell, OneGoal; treasurer Jeffery Watson, Miller Cooper & Co.;
The Magic is gone; rent to scam; imprecision; and other highlights of recent tax cases. Montgomery, Alabama: Tax preparer Alisaya Danita Thompson-Dixon, 44, has been sentenced to 37 months in prison to be followed by a year of supervised release for aiding and assisting in the preparation of false income