PYMNTS
JUNE 29, 2020
As the fallout from Wirecard ’s troubles unfold, Germany’s deputy finance minister has called for radical solutions to fix how accounting firms are regulated, the Financial Times reported. Last week, the company filed for insolvency, owing creditors almost $4 billion. Only then can we contain the fallout from this affair.”.
CPA Practice
OCTOBER 13, 2023
By Clint Rainey, Fast Company (TNS) Way back in 2012, the IRS launched the largest-ever audit in history, accusing Microsoft of stashing billions in offshore tax havens to dodge U.S. Microsoft’s accounting firm KPMG had spelled out explicit steps to convince the government that the Puerto Rico venture was “real.”
Going Concern
FEBRUARY 10, 2023
Talent As tax season approaches, accounting firms are short on staff [ Marketplace ] Oh hey! Investor and consumer groups are calling for closer scrutiny of the accounting firm after the unveiling of balance-sheet irregularities that led 93-year-old Brazilian retailer Americanas to seek protection from creditors last month.
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