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Monday Morning Accounting News Brief: PwC Consolation Prizes; Al Pacino’s Accountant Ripped Him Off | 10.21.24

Going Concern

In municipal messiness, the city of Sturgis in South Dakota is bringing on an outside accountant to help them with their accounts : In a recent audit report conducted by accounting firm Ketel Thorstensen, it was revealed that the city has not reconciled all of their bank accounts since 2023.

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Friday Footnotes: All Audit Reports Matter; BDO Ordered to Pay; Just How Many Firms Are Offshoring? | 11.1.24

Going Concern

CBIZ Completes Acquisition of Marcum [ PR Newswire ] Concurrent with the closing of this transaction, the attest business of Marcum was acquired by CBIZ CPAs, a national independent CPA firm with which CBIZ has had an Administrative Service Agreement for over 25 years. Why aren’t we talking about it more? 2025-IE-R001).

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Friday Footnotes: Is AI Actually Improving Audits?; Activists Try to Save Direct File | 7.18.25

Going Concern

While they invest money and resources, PE firms look for profits in relatively short timeframes, often achieved through cost-cutting. Here in Massachusetts, the collapse last year of Steward Health Care has been widely blamed on its ties to PE. Audit Automated auditors: could AI undermine financial reporting?

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Massachusetts CPA Firm Venning Set to Become Largest Minority Owned Firm in U.S.

CPA Practice

one of the most respected accounting and tax firms in Central Massachusetts, recently announced an ownership change and rebranding of the firm as Venning. This strategic move marks a significant milestone in the firm’s growth and evolution, positioning it for even greater success in the future. Venning & Jacques, Inc.,

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EisnerAmper Merges in Prague & Co. in Massachusetts

CPA Practice

The top 20 accounting firm is expanding its presence in the Boston area by combining with full-service CPA firm Prague & Co. in a deal expected to close this spring.

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UHY Combines with Paresky Flitt in Massachusetts

CPA Practice

Top 30 accounting firm UHY has entered Massachusetts by merging with Wayland-based CPA firm Paresky Flitt & Co. The combination expands Farmington Hills, MI-based UHY’s presence in the Northeast, as the firm has 10 offices throughout New York, Connecticut, and New Hampshire.

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Grassi Merges in Anstiss & Co. in Massachusetts

CPA Practice

The New York City-based top 60 firm has expanded its presence in Massachusetts by combining with Anstiss, a CPA firm located in Chelmsford.