Accounting, Audit & Advisory

$3 million in phony refunds; caretaker cares for own coffers; “serial fraud;” and other highlights of recent tax cases. Murrieta, Calif.: Preparer Patrick Nathaniel McCall, 39, a resident of Las Vegas, has pleaded guilty to a scheme to defraud the...

LBA Haynes Strand PLLC, a North Carolina-based CPA firm, is partnering with the financial technology provider Ceterus to offer client accounting services to dentists. Ceterus has designed a system to automate client accounting for CPA firms, using...

The trial of ex-KPMG partner David Middendorf keeps rolling along, as prosecutors on Feb. 19 called on one of the major players in the scheme to steal secret audit inspection information from the Public Company Accounting Oversight Board to testify...

Good morning, GCers. Some friends of ours at the University of Illinois at Urbana-Champaign and Queens University in Kingston, Ontario are conducting research on group fraud, and we’re hoping you can do them a solid and help them with their...

My name is Mark Goodfield. Welcome to The Blunt Bean Counter ™, a blog that shares my thoughts on income taxes, finance and the psychology of money. I am a Chartered Professional Accountant and a partner with BDO. This blog is meant for everyone,...

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Victims of the earthquake that took place on Nov. 30 in Alaska may qualify for federal tax relief, according to the IRS. President Trump has declared that a major disaster occurred in Alaska. Following the recent disaster declaration for individual...

The U.S. government would be in “uncharted territory” if Treasury Secretary Steven Mnuchin were to block a House request to release President Donald Trump’s tax returns, a law professor told a congressional panel on Thursday. The Democrats who now...

Gilbert Associates, Sacramento, unveiled a new brand identity and logo, announcing the firm will now be known simply as Gilbert. Kabat, Schertzer, De La Torre, Taraboulos & Co., Miami, is expanding its sponsorship of JD Motorsports with Gary...

Not ready for Primetime; copping a plea; preying on Puerto Rico; and other highlights of recent tax cases. Minneapolis: Tax preparer Kenneth Mwase has been sentenced to 121 months in prison for managing and directing a fraudulent prep business....

Durham, N.C.: Businessman Preston Ray Swift, 55, was sentenced to a 28-month minimum, 52-month maximum prison term on felony tax charges filed by the North Carolina Department of Revenue. Durham pled guilty to eight counts of embezzlement of state...

The outside investigation into accusations of sexual harassment at EY Switzerland has been completed, and the accused harasser, a male managing partner who also served as the firm’s chief talent officer, has been shown the door. But according to...

Story time. Many, many years ago when my favorite show was the Snorks and my Big Wheel was my only mode of transportation, there was this kid on my block who was a real little shit. He constantly broke everyone’s toys and once ran over my plastic...

Not to be morbid, but since Roma Luciw of The Globe and Mail has called me “morbid Mark,” I reiterate once again: if you do not communicate and document your financial affairs for your family or executors, you at best leave your family a messy...

Not to show my ignint ‘Murican here but I have to admit I don’t know dick about X Factor. I think those one dudes were on there, you know, the ones who looked like skinny, middle-aged lesbians led by a bootleg Mick Jagger. To be fair, I can’t name...

Most of you guys probably use Webster’s Dictionary like I do for all your spelling and word definition needs. But just in case some of you use the Oxford English Dictionary, there’s a crusade underway in the U.K. to change how the word “accountant”...

If a corporation has issued only one type, or class, of stock it will be common stock. ("Preferred stock" is discussed later.) While "common" sounds rather ordinary, it is the common stockholders who elect the board of directors, vote on whether to...

If someone had told you that a Big 4 firm just created an independent committee that will advise the firm on how to improve the quality of its audits, you’d think it was KPMG, right? I mean KPMG partners stole confidential inspection information...

“In some cases, ICOs are used to essentially pre-sell access to a new product, typically an app,” Kopelman said.

Personal financial satisfaction declined in the fourth quarter of 2018 as stock market gyrations and the prospect of a government shutdown weighed on U.S. consumers, according to a survey by the American Institute of CPAs. The AICPA’s quarterly...