CPA Practice

AUGUST 10, 2023

Grant Thornton LLP, one of America’s largest audit, tax and advisory firms, has appointed two new leaders to the firm’s Audit Quality & Risk practice. Decker assumes her new role from Mary Ropes, an Audit partner at Grant Thornton, who retires after more than 35 years of service at the firm. Thank you for your leadership.”

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Going Concern

JULY 22, 2022

Global Rulemakers Say It’s Time to Fix Goodwill Accounting [ Bloomberg Tax ] The International Accounting Standards Board said Thursday that it would decide whether to change the rules covering acquisition accounting at its next meeting. At Mazars, three of eight audits reviewed (38 percent) met the same threshold.

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Accounting Seed

JULY 21, 2022

If your business succeeds, eventually you’ll find you have many accounts to manage. At that point, hiring an accountant may make more sense than handling your own bookkeeping. In some cases, an accountant is mandatory. For example, only a CPA can draw up audited financial statements for a publicly traded company.

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Going Concern

AUGUST 25, 2023

News US Accounting Board Looks Across the Ocean to Fill Hole in Rules [ Bloomberg Tax ] The flood of government aid that helped keep companies afloat during the coronavirus pandemic exposed a hole in US accounting rules: Businesses have no way to record the grants, loans, and tax breaks that bolstered their bottom lines.

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