Latest Accounting and auditing services News

Bill Christeson holds up a sign that reads

No peeking, voters: Court keeps Trump taxes private for now

Jul. 9, 2020 4:03 PM EDT

WASHINGTON (AP) — Rejecting President Donald Trump’s complaints that he's being harassed, the Supreme Court ruled Thursday in favor of a New York prosecutor’s demands for the billionaire president’s tax records. But in good political news for Trump, his taxes and other financial...

FILE - In this March 25, 2015 file photo, CEO Mark Zuckerberg gives the keynote address during the Facebook F8 Developer Conference in San Francisco. A two-year audit of Facebook’s civil rights record found that the company’s elevation of free expression, especially by politicians, above other values has hurt its progress on other matters like discrimination, elections interference and protecting vulnerable users. (AP Photo/Eric Risberg, File)

Five takeaways from Facebook's civil rights audit

Jul. 8, 2020 5:46 PM EDT

A two-year audit of Facebook’s civil rights record found that the company’s elevation of free expression — especially by politicians — above other values has hurt its progress on other matters like discrimination, elections interference and protecting vulnerable users. Facebook hired...

First phase of new tax processing system begins in Maryland

Jul. 6, 2020 11:19 AM EDT

ANNAPOLIS, Md. (AP) — Maryland’s comptroller office launched the first phase of the agency’s new tax processing system on Monday, Comptroller Peter Franchot said. The first phase of the $160 million system called Compass focuses on alcohol tax collection and license renewals. The...

Wisconsin records 522 COVID-19 cases, no deaths

Jul. 5, 2020 4:54 PM EDT

MADISON, Wisc. (AP) — Wisconsin health officials reported 522 more confirmed cases of the coronavirus on Sunday, but no new deaths from COVID-19. The state has seen an uptick of cases from people in their 20s, with the age group accounting for nearly a quarter of cases statewide, according to the Wisconsin...

Tennessee hires accounting firm to help with $7B COVID funds

Jul. 3, 2020 12:10 PM EDT

NASHVILLE, Tenn. (AP) — The Lee Administration will pay $250,000 to private accounting firm the Horne Group to help it handle more than $7 billion in federal COVID-19 relief funds, the Daily Memphian reported. The national firm with offices in Memphis, Nashville and Jackson will be responsible for setting...

EPA fines Hawaii library system $144K for cesspool violation

Jun. 30, 2020 9:53 AM EDT

HONOLULU (AP) — The U.S. Environmental Protection Agency has assessed nearly $144,000 in penalties against the Hawaii State Public Library System for continued use of large-­capacity cesspools. The library system is seeking authority from state lawmakers to pay the penalties for using the cesspools,...

FILE - In this Thursday, April 25, 2019 file photo, Markus Braun, CEO of financial services company wirecard, attends the earnings press conference in Munich, Germany. Prosecutors in Germany say that the former CEO of the payments company Wirecard has been arrested in an accounting scandal that centers on a missing sum of 1.9 billion euros, or 2.1 billion dollars. Markus Braun resigned on Friday after the company disclosed that auditors couldn't find accounts containing the money.(AP Photo/Matthias Schrader, file)

Wirecard goes bust as scandal puts focus on German oversight

Jun. 25, 2020 8:41 AM EDT

FRANKFURT, Germany (AP) — An accounting scandal at one of Germany’s fastest-growing blue-chip companies has raised doubts about the national financial watchdog and, coming on top of other high-profile cases of fraud, led to questions about the country’s ability to oversee its corporate...

FILE - In this Thursday, April 25, 2019 file photo, Markus Braun, CEO of financial services company wirecard, attends the earnings press conference in Munich, Germany. Prosecutors in Germany say that the former CEO of the payments company Wirecard has been arrested in an accounting scandal that centers on a missing sum of 1.9 billion euros, or 2.1 billion dollars. Markus Braun resigned on Friday after the company disclosed that auditors couldn't find accounts containing the money.(AP Photo/Matthias Schrader, file)

Wirecard scandal puts spotlight on German company regulation

Jun. 24, 2020 4:34 PM EDT

FRANKFURT, Germany (AP) — An accounting scandal at one of Germany’s fastest-growing blue-chip companies has raised doubts about the national financial watchdog and, coming on top of other high-profile cases of fraud, led to questions about the country’s ability to oversee its corporate...

Arkansas man gets 5 years in prison for stealing $9 million

Jun. 24, 2020 10:30 AM EDT

LITTLE ROCK, Ark. (AP) — An Arkansas man who admitted stealing more than $9 million while working as an accountant for a manufacturing business has been sentenced to five years in federal prison. Edward M. Cooper pleaded guilty in January to bank fraud and admitted writing 138 unauthorized checks to...

FILE - In this Thursday, April 25, 2019 file photo, Markus Braun, CEO of financial services company wirecard, attends the earnings press conference in Munich, Germany. Prosecutors in Germany say that the former CEO of the payments company Wirecard has been arrested in an accounting scandal that centers on a missing sum of 1.9 billion euros, or 2.1 billion dollars. Markus Braun resigned on Friday after the company disclosed that auditors couldn't find accounts containing the money. (AP Photo/Matthias Schrader, file)

Ex-CEO of Wirecard arrested in scandal over missing billions

Jun. 23, 2020 11:10 AM EDT

BERLIN (AP) — The former CEO of German financial technology company Wirecard has been arrested on suspicion of misrepresenting the firm's finances in an accounting scandal that centers on a missing 1.9 billion euros ($2.1 billion), prosecutors in Munich said Tuesday. Markus Braun resigned on Friday after...