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GE Accused Of $38B Accounting Fraud

PYMNTS

General Electric has been targeted in accusations of massive accounting fraud by the whistleblower that called out Bernard Madoff’s Ponzi scheme, reports in CNBC said on Thursday (Aug. In 2015, BMO Financial Group acquired GE Capital’s transportation finance unit, and Capital One acquired its healthcare finance operations.

Account 50
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Friday Footnotes: CPA Exam Scares Accounting Majors Away; EY Loses Fees in China | 5.12.23

Going Concern

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Working in the Big Four seems to be more limited to just like, CFO or chief finance type roles.” The accountancy sector is no exception. Investment banking was more versatile, he said.

CPA 108