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Monday Morning Accounting News Brief: PwC Consolation Prizes; Al Pacino’s Accountant Ripped Him Off | 10.21.24

Going Concern

People familiar with the matter told the Financial Times the UK firm had introduced the new grade to hold on to a key layer of senior accountants and consultants and to bring in external hires with higher salaries. For the Defense Department to pass its audit, it must account for more than dollars. forces dominant.

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Special Report: 2025 Readers’ Choice Awards

CPA Practice

From tax prep to asset management, invoicing and portals, and auditing to remote CFO functions, the services the accounting and tax pros provide are dependent on the technologies they use. The awards highlight the most useful technology for firms and clients.

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BDO Gets Accused of Inflating Revenue Ahead of the ESOP Again, This Time in a Class Action Lawsuit

Going Concern

On January 17, Tristin Taylor — who is listed in the suit as a current employee of the firm in the lawsuit — filed a class action complaint against BDO in United States District Court for the District of Massachusetts Eastern Division alleging various naughtiness related to the ESOP.

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Tax Fraud Blotter: Getting personal

Accounting Today

Sole owner of Zion Outfitter, an outdoor retailer in Springdale, Utah, he handled the company finances and provided CPAs with information and records to prepare tax forms to submit to the IRS. Upton, Massachusetts: Former attorney Paul Anthony Conte has pleaded guilty to evading taxes. All rights reserved. million in income tax.

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Sage and Village Capital Award $170,000 to Purpose-Driven Startups

CPA Practice

Cellsense (Somerville, Massachusetts): Transforms algae and cellulose into compostable beads to offer a sustainable alternative to microplastics used in design and cosmetic industries.

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Friday Footnotes: Is AI Actually Improving Audits?; Activists Try to Save Direct File | 7.18.25

Going Concern

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. Private Equity Private equity is coming for accounting firms.

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Sage and Village Capital Award $170,000 to Purpose-Driven Startups

CPA Practice

Cellsense (Somerville, Massachusetts): Transforms algae and cellulose into compostable beads to offer a sustainable alternative to microplastics used in design and cosmetic industries. debt on the economy.