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Friday Footnotes: PwC Scandal Somehow Gets More Scandalous; Deloitte Denied in Court; Withum Embiggens in Florida | 11.8.24

Going Concern

Lovesac to settle accounting violation suit brought by SEC for $1.5 District Court for the district of Connecticut on Oct. Second, the firm failed to timely file its annual reports on PCAOB Form 2 for 2021, 2022, and 2023, in violation of PCAOB Rule 2201, Time for Filing of Annual Report.

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Lovesac to Pay SEC $1.5 Million to Settle Claims of Hidden Expenses

CPA Practice

The accounting problems came to light in April 2023, when Lovesac’s finance team found that approximately $2.2 million in invoices for products shipped during the 2023 fiscal year had not been recorded in Lovesac’s books and records until the first quarter of the 2024 fiscal year, according to the complaint.

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Special Report: 2025 Readers’ Choice Awards

CPA Practice

million – $4,999,999 $5 million – $10,000,000 Over $10 million Consent Policy (Required) By downloading this content, you agree to our Terms and Conditions. million – $4,999,999 $5 million – $10,000,000 Over $10 million Consent Policy (Required) By downloading this content, you agree to our Terms and Conditions.

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Professionals on the Move – July 2025

CPA Practice

Surett earned a bachelor’s degree in accounting from Siena College in Loudonville, NY, and an MBA in finance from the State University of New York at Albany. Bomberski previously served as the firm’s Chief Financial Officer. He is admitted to the New York State Bar and the U.S. Supreme Court. Thanks for reading CPA Practice Advisor!

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Caution: Successful firms identify challenges ahead

Accounting Today

Bland & Associates managing partner Jeremy Vokt Jesse Sutton Meanwhile, the wave of baby boomer retirements is being felt at Glastonbury, Connecticut-based MahoneySabol. The new workforce doesnt want to donate 2 1/2 months of their lives to public accounting. They want to have a more well-balanced workload.

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Friday Footnotes: PwC Tries to Make Associates Managers; CPA Gives Clients the Middle Finger | 8.8.25

Going Concern

Over Accounting Advice [ CU Today ] A Connecticut trial court judge has ruled that Whittlesey PC—the state’s largest accounting firm—must face a lawsuit brought by the former CEO of Sound Federal Credit Union, who claims he was fired for following the firm’s accounting advice regarding a $1.2

CPA
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Mastering U.S. Federal Payroll Compliance

CPA Practice

million – $4,999,999 $5 million – $10,000,000 Over $10 million Consent Policy (Required) By downloading this content, you agree to our Terms and Conditions. million – $4,999,999 $5 million – $10,000,000 Over $10 million Consent Policy (Required) By downloading this content, you agree to our Terms and Conditions.