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Financial Accounting Foundation Appoints Hillary H. Salo Vice Chair of the Financial Accounting Standards Board

CPA Practice

The Board of Trustees of the Financial Accounting Foundation (FAF) today announced that Hillary H. Salo, whose five-year term on the Financial Accounting Standards Board (FASB) begins July 1, 2024, will serve as the board’s vice chair upon the start of her term. Securities and Exchange Commission (SEC) in Washington, D.C.

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Outlier.org and Urban Assembly to Bring Financial Accounting to New York City High Schools

CPA Practice

Outlier.org, Urban Assembly, and New York City Public Schools are announcing a groundbreaking collaboration aimed at expanding access to financial accounting education for high school students in the New York area.

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Here Are the 40 Elijah Watt Sells Award Winners for 2023

CPA Practice

They deserve the heartiest of congratulations for their achievement, and we at the AICPA look forward to supporting these accountants as they continue on to a bright future in the profession.” Sarah Falkin , Florida, KPMG in New York. Jack Krause , Georgia, Financial Accounting Standards Board in Norwalk, CT.

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Friday Footnotes: Consulting Gets Bumpy for New Hires; Cities Sans Accountants; PCAOB Priorities | 4.21.23

Going Concern

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. But that might be the least of it: The outlook for EY’s business of charging for advice and accounting is getting weaker in the U.S. A failed breakup attempt cost the company $600 million.

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Miami Businessman Charged With Hiding Millions in Swiss Bank Accounts, Evading Taxes

CPA Practice

government by hiding millions of dollars in Swiss bank accounts and lying to the IRS about his foreign assets for decades, according to federal authorities. bank accounts and real estate properties. Three years later, the IRS began auditing Rotta after obtaining evidence of unreported foreign financial accounts.

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AICPA Recognizes Top 2022 CPA Exam Performers with Elijah Watt Sells Award

CPA Practice

Victoria Saravia Bazoberry (New York), a graduate of the University of Notre Dame with a Bachelor of Business Administration in accountancy, is employed with KPMG LLP in New York, NY.

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Paul Munter to Take Over as SEC Chief Accountant

CPA Practice

Paul Munter, who has served as acting chief accountant at the Securities and Exchange Commission (SEC) since January 2021, was appointed chief accountant on Wednesday. As chief accountant, Munter will continue to lead the Office of the Chief Accountant and serve as the principal advisor to the SEC on accounting and auditing matters.