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Forensic AI Accounting: A New Era of Proactive Fraud Monitoring is Coming

CPA Practice

Forensic accounting investigations dig deeper into records but still only cover a fraction of transactions while carrying a hefty price tag. Forensic accounting teams gain access to the entire library of transactions, eliminating sample risk and providing a comprehensive view of the entire financial history.

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New Approaches to Audits Gain Ground

CPA Practice

. ——— Tod McDonald is co-founder, Valid8 Financial , helping forensic accountants, fiduciaries, attorneys, investigators, and auditors eliminate data prep work associated with finding and analyzing evidence of financial records.

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Luckin Coffee Execs Fired After Fraud Probe

PYMNTS

A special committee at Luckin hired Chicago-based law firm Kirkland & Ellis as counsel and FTI Consulting of Washington, D.C. as the forensic accounting expert, the SEC filing said.

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11 CPAs Honored by AICPA and CIMA

CPA Practice

Fohn is the current President & CEO of Fohn Consulting in Bellingham, Washington. The AICPA’s Standing Ovation program recognizes young CPAs who exhibit exemplary professional achievement in personal financial planning, business valuation and forensic accounting, and information management and technology assurance.

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Friday Footnotes: CPA Exam Scares Accounting Majors Away; EY Loses Fees in China | 5.12.23

Going Concern

Talent Why Graduates Aren’t Hot on Accounting Careers: Low Starting Pay, Onerous Testing [ Wall Street Journal ] For Connor Verrett, an economics major and entrepreneurship minor at Washington & Lee University who expects to graduate this month, that roadblock was among the factors he considered in eschewing an accounting career. “It

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Chinese Coffee Giant Luckin Alleges Exec Faked Sales Numbers By $310 Million

PYMNTS

The three-person special committee has retained Chicago-based law firm Kirkland & Ellis as counsel and FTI Consulting of Washington, D.C. as forensic accounting expert, according to the SEC filing. The stock opened on Thursday at $4.91, down 81 percent from Wednesday’s closing price of $26.20.

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AICPA News – July 2024

CPA Practice

Standing Ovation Honors The AICPA’s Standing Ovation program recognizes young CPAs, age 40 and under, who exhibit exemplary professional achievement in personal financial planning, business valuation and forensic accounting, and information management and technology assurance.

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