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Platform Accounting Group gets $85M funding round

Accounting Today

The Utah-based company that invests in and acquires small accounting firms has received an $85 million minority funding round to support its expansion.

Utah 68
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Do Accounting Firms Care if You’re On Drugs? Part III

Going Concern

12 years ago my former colleague Caleb Newquist published a post titled “Do Accounting Firms Care if You’re On Drugs?” In summation: Do Big 4 firms drug test? These are accounting firms we’re talking about after all, change is not in their vocabulary. NO, probably not. Probably not.

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Grant Thornton and Five Other Firms Got Coal in Their Stockings From the PCAOB

Going Concern

The PCAOB added six audit firms —three international, including a KPMG affiliate, and three in the U.S., The PCAOB said: In December 2016, the Utah DOPL simultaneously initiated and concluded disciplinary proceedings against Grant Thornton (“Utah Proceeding”). including Grant Thornton—to its 2022 naughty list on Dec.

Utah 61
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NDH Advisors Acquires Houston CPA Firm Jain & Jain

CPA Practice

Dallas private-equity firm Unity Partners acquired NDH last May , providing the accounting firm with capital, strategic, and operational support as NDH looks to expand through organic growth and strategic acquisitions. Both founders will continue to be actively involved in the business.

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Professionals on the Move – Dec. 2023

CPA Practice

Johnny Welborn, Texas Elite 25 Teresa Barton, Utah Jeri Beckham, Texas Frank Calise, Ariz. Teresa Barton, Utah Farooq Bawa, Ill. Amie Fuller, Utah Michelle Gillespie, Pa. The 2023 H&R Block Featured Franchisees of the Year, Elite 25, and Top 100 include: Featured Franchisees of the Year Anthony Temple, Mich. Dawn Every, N.Y.

Iowa 52
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5 Common Ways That Legacy Technology Puts Your Firm at Risk

CPA Practice

While every industry has outliers when it comes to technology adoption, i.e. adoption that is either faster or slower than the median for a particular group, historically, the accounting profession has trended toward inertia when it comes to making technology changes.

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Accountants Aren’t the Most Concerned About AI’s Impact—Except in One State

CPA Practice

While not first, accountants were the third-most worried about AI, according to the study. DevRev said, “AI is used in accounting firms to generate financial reports and arrange expenses efficiently.