Financial Accounting News

PwC Fee Growth Sapped by China/Australia Woes, Less Consulting

PwC, echoing its competitors, reported slower global growth in 2024 as demand for consulting work waned and revenues shrunk in its troubled Australia and China businesses.

AI Company Settles With SEC for Allegedly Misleading Investors

The founder and CEO of Destiny Robotics Corp. will pay more than $64,000 to the Securities and Exchange Commission after allegedly making material misrepresentations to investors about its humanoid robot and hologram assistant products.

Trademark Office Adds Directed Audits to Curb Invalid Samples

The US Patent and Trademark Office is adding more audits to crack down on trademark scams, pointing to “specimen farms” that deceptively promote online sales.

OpenAI CFO Says 75% of Its Revenue Comes From Paying Consumers

OpenAI generates the vast majority of its revenue from consumers who pay for its products, Chief Financial Officer Sarah Friar said, even as the artificial intelligence startup competes in a crowded market to sign up more corporate customers.

UK Chartered Accountants Revamp Training to Focus on Tech, ESG

A leading UK accounting body has revamped its professional training to focus more on topics such as technology and corporate environmental, social, and governance reporting.

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