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Monday Morning Accounting News Brief: Feds Raid PwC; Big 4 Wants to Be Like Grant Thornton!? | 11.4.24

Going Concern

Given the demands CPAs face — often, they serve on understaffed teams due to a shortage of accounting talent, while also needing to obtain continuing professional education credits in order to maintain their certified public accounting licenses — some experts were not surprised to hear about the multi-tasking practice. “If

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Professionals on the Move – July 2025

CPA Practice

Grant Thornton Appoints Rick Surrett as CFO, Succeeding Longtime Leader Muhammad Bhayat Grant Thornton, one of America’s largest brands of professionals providing end-to-end audit, assurance, tax and advisory services, recently named Rick Surett as its new chief financial officer (CFO).

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Professionals on the Move – June 2025, Part III

CPA Practice

CohnReznick Brings on Assurance Partner Nocco CohnReznick recently announced that Paul Nocco, CPA, has joined the firm as an assurance partner who will focus on serving clients in the Commercial Real Estate industry. Nocco earned a Master of Accountancy from Stetson University and is a licensed CPA in Colorado and Florida.

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New GASB Members Named

CPA Practice

Before entering the public sector, he was employed as an audit manager with the accounting firm of Deloitte & Touche. She is the former Colorado state auditor, having served in that role for 10 years. Ray was the deputy state auditor for the Office of the State Auditor (OSA), for the state of Colorado.

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The three ways to assess AI

Accounting Today

NYC Local Law 144, for example, has different requirements for measuring bias than the state laws requiring bias assessments in Colorado and Illinois. It made a similar point as the EY report in saying that many are colloquially using terms like "AI audit" or "AI assurance" to refer to different types of engagements and assessments.

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On the move: Whitley Penn names global talent partner

Accounting Today

COLORADO Randy Watkins was hired as a partner to spearhead the growth of the Colorado office at ClingerHagerman, Greeley. NEW JERSEY Antonio Ribeira was named practice leader for real estate at HBK CPAs & Consultants, Holmdel. relocate offices; and more news from across the profession. DELAWARE Herbein + Co.

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ERC IRS Audit Representation: Your Comprehensive FAQ Guide

MyIRSRelief

ERC IRS Audit Representation: Your Comprehensive FAQ Guide The Employee Retention Credit (ERC) has been a lifeline for many businesses during challenging times, providing substantial relief. However, with the IRS actively scrutinizing ERC claims, it’s crucial for businesses to understand their rights and options when facing an audit.