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The Texas Board of Accountancy Slapped EY With a Huge Fine

Going Concern

This time in the form of $3 million payable to the state of Texas. This is the largest administrative penalty the Texas Board has ever assessed against a CPA firm. Details From the SEC Order The post The Texas Board of Accountancy Slapped EY With a Huge Fine appeared first on Going Concern. That’s it.

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Effective September 1, You Can Sit For the CPA Exam in Texas With 120 Units

Going Concern

Another state has pushed to allow prospective CPAs to sit for the exam with just a bachelor’s degree worth of units and that’s good ol’ Texas. Here’s hoping Texas gets a few more CPAs out of all this. Effective September 1, future CPAs can sit for the exam with 120 units of education. Angie Button, also a CPA.

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Texas Now Has 27 Billionaires on Bloomberg List

CPA Practice

It’s not just average, everyday citizens who are moving to Texas. More of the ultra rich and powerful are beginning to call Texas home. The controversial Texas businessman and South Africa-native has close ties to Texas’ capital, Austin, as he’s made it the home of the Tesla Gigafactory. ©2024 The Dallas Morning News.

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Texas A&M Axes NIL Fund, ‘12th Man Plus,’ After IRS Memo

CPA Practice

By Mark Heim, al.com (TNS) Texas A&M announced Wednesday it was “discontinuing” the 12th Man Plus fund, which provided coveted “priority points” and tax-deductible donations in regard to name, image, and likeness. “On Texas A&M announced the 12th Man Plus fund in February as a fundraising arm of the 12th Man Foundation.

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Texas Close to Allowing CPA Candidates to Test with 120 Credits

CPA Practice

The Texas Senate unanimously passed a bill on Tuesday that would lower the eligibility requirement for CPA candidates to sit for the CPA exam from 150 semester credit hours to 120. The bill now advances to the Texas House of Representatives for a vote. Today, SB 159 (120 hours to test leg) passed unanimously out of the TX Senate!

Texas 128
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EY Gets $3 Million Penalty by Texas Board of Public Accountancy

CPA Practice

The Texas State Board of Public Accountancy approved an Agreed Consent Order assessing a reprimand and a $3,000,000 administrative penalty against Ernst & Young LLP (EY) on November 9, 2023. The penalty was the largest administrative penalty that the Texas Board has ever assessed against a CPA firm.

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Crowe Set to Acquire Texas Firm Belt Harris Pechacek

CPA Practice

Top 15 accounting firm Crowe has entered into an agreement to acquire Belt Harris Pechacek (BHP), a Texas-based firm that provides audit and support services to local Texas governments. BHP has offices in Houston, Bellville, and Austin. We’re very excited to welcome the BHP team to the Crowe family.”

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