article thumbnail

Grant Thornton Expands Workday Practice Leadership Team

CPA Practice

Since 2019, Grant Thornton has teamed up with Workday , a leader in enterprise cloud applications for finance and human resources. Grant Thornton has also enhanced its Workday leadership team with the addition of Andrew (Drew) Houts, who joins the firm with nearly a decade of Workday ecosystem leadership experience.

article thumbnail

SEC Fines UPS $45 Million Over Improperly Valued Freight Business

CPA Practice

The SEC said UPS determined in 2019 that UPS Freight would likely sell for $350 million to $650 million. billion value UPS carried the freight unit at on its balance sheet—and as a result UPS did not record a goodwill impairment in 2019. The consultant estimated UPS Freight was worth about $2 billion, higher than the $1.4

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Big 4 Firms Fight Against Metrics That Would Reveal the Workloads Behind the Curtain

Going Concern

See also Project on Government Oversight’s 2019 banger “ How an Agency You’ve Never Heard of Is Leaving the Economy at Risk.” ” To date, the PCAOB’s biggest fine is $25 million against KPMG Netherlands for “cheating ,” rather “sharing answers” on internal training.

audit 124
article thumbnail

Nine KPMGs Got Real Sloppy About Reporting How Much Outsourced Work They Were Using

Going Concern

As an example, KPMG Brazil filed two incorrect Form APs that neglected to mention: KPMG Brazils Form AP for the 2019 CPFL Audit, filed on May 29, 2020, listed no participating other accounting firms in Part IV. As such, KPMG Brazil should have reported KPMG Assurance in its Form AP as a participating other accounting firm.

auditor 52
article thumbnail

2019 Future of HR Report

Paycor asked 500+ CEOS, CFOs and HR executives about their human resources challenges, the impact of artificial intelligence and big data and their priorities over the next few years. Paycor then compiled the results and are sharing the findings and key takeaways in this report, The Future of HR.

article thumbnail

Bookkeeping Basics for SaaS Companies: Managing Revenue Recognition

Shay CPA

Any company that enters into a contract to deliver goods or services is affected by FASB ASC 606, which went into effect in phases from 2017 to 2019. Compliance with ASC 606 Revenue recognition isnt just a best practice. Its a requirement. Fortunately, that regulation lays out specific steps you can take to comply.

article thumbnail

Friday Footnotes: PwC Makes Things Harder For Firms in China; AICPA Fights Against New PCAOB Reporting Rule; Accounting < HR | 12.20.24

Going Concern

Called the Culture Champions Network (CCN), it was created in 2019 and is actively used by about 9,300 employees, or 25% of the companys workforce. At consultancy KPMG, the people team has a platform that aims to connect its 36,000 US employees to company culture efforts, according to Sandy Torchia, the firms vice chair of talent and culture.

article thumbnail

2019 Compliance Guide for HR Leaders

Paycor’s 2019 Compliance Guide for HR professionals is a step-by-step action plan designed to focus on the four major topics in compliance. Download Paycor’s guide for actionable tips on how you can avoid major fines and stay compliant in 2019.