Ernst & Young’s US Chair Julie Boland has tapped two of the firm’s top leaders to streamline the firm’s operations as part of a leadership revamp rolled out this week.
In 2020, just after George Floyd’s murder in the US, one of the most senior Black professionals in the City of London, KPMG UK Partner and Vice-Chair Richard Iferenta, appealed to CEOs and chairpeople of the business community “to stamp out racism of all forms.” Three years later, he has yet to see the change and ambition he asked for.
State and local governments could get formal rules on how to account for building and maintaining roads, bridges, sewer systems, and other infrastructure assets in their financial statements, the US governmental accounting standard-setter announced Thursday.
Activist investor Kyle Bass said the Securities and Exchange Commission was too lenient with a fraudulent Texas real estate fund he exposed years ago and is now botching his attempts to be paid as a whistleblower.
The Australian government said Friday that it had replaced the head of the body that regulates tax practitioners, just days before the opening of a parliamentary probe into the government’s use of outside consultants.
The UK’s professional body for accountants is sitting on £148 million ($183 million) of fines levied by the country’s watchdog, according to a new report which calls for the money to be used for financial education instead.
An appeals court upheld the IRS’s denial of whistleblower awards in two separate cases on Friday.
Ernst & Young’s US Chair Julie Boland has tapped two of the firm’s top leaders to streamline the firm’s operations as part of a leadership revamp rolled out this week.
The Australian government said Friday that it had replaced the head of the body that regulates tax practitioners, just days before the opening of a parliamentary probe into the government’s use of outside consultants.
Our Spotlight series highlights the careers and lives of tax professionals around the world. This week’s Spotlight is on Kathleen “Kat” Gregor, a tax controversy attorney and litigator at Skadden, Arps, Slate, Meagher & Flom in Boston.
Republican and White House negotiators are moving closer to an agreement to raise the debt limit and cap federal spending for two years, according to people familiar with the matter. The details agreed to are tentative and a final accord is still not in hand. Plus, the two sides have yet to agree on the amount of the cap.
In 2020, just after George Floyd’s murder in the US, one of the most senior Black professionals in the City of London, KPMG UK Partner and Vice-Chair Richard Iferenta, appealed to CEOs and chairpeople of the business community “to stamp out racism of all forms.” Three years later, he has yet to see the change and ambition he asked for.
State and local governments could get formal rules on how to account for building and maintaining roads, bridges, sewer systems, and other infrastructure assets in their financial statements, the US governmental accounting standard-setter announced Thursday.
Activist investor Kyle Bass said the Securities and Exchange Commission was too lenient with a fraudulent Texas real estate fund he exposed years ago and is now botching his attempts to be paid as a whistleblower.
The UK’s accounting watchdog announced a program Thursday to improve standards at smaller auditing firms, after calling the quality of their work “unacceptable” in a December report.
A businessman who claimed to operate a high-end concierge service featuring custom credit cards crafted from solid gold was actually operating an illegal private bank that provided discreet financial services to high-net-worth customers, prosecutors said.
The typically hyper-volatile
Gulf Binance, a joint venture between Binance and Gulf Innova, has received digital asset operator licenses from Thailand’s Ministry of Finance for a digital asset platform, according to a statement from Binance.
Republican and White House negotiators are moving closer to an agreement to raise the debt limit and cap federal spending for two years, according to people familiar with the matter. The details agreed to are tentative and a final accord is still not in hand. Plus, the two sides have yet to agree on the amount of the cap.
European financial firms catering to crypto companies are competing for top compliance staff as they manage a wave of demand following the collapse of US heavyweights
The cryptocurrency sector could be the subject of new regulation in California, and industry lobbyists are pushing back to ensure their businesses can still operate under new proposed scrutiny.
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