Latest Accounting and auditing services News

Trump asks justices for temporary block of House subpoena

Nov. 15, 2019 3:09 PM EST

WASHINGTON (AP) — President Donald Trump wants the Supreme Court to keep House Democrats from getting his financial records at least until the justices resolve a broader fight over efforts to subpoena a sitting president’s records. Trump filed an emergency appeal with the court Friday in a case from...

Ailing ex-telecom executive Ebbers seeks release from prison

Nov. 15, 2019 1:55 PM EST

JACKSON, Miss. (AP) — A former telecommunications executive convicted in one of the largest corporate accounting scandals in U.S. history is asking a judge to shorten his prison sentence so he can be released as his health deteriorates. Bernard Ebbers led WorldCom, once one of the world’s largest...

Trump wants Supreme Court to block subpoena for his taxes

Nov. 14, 2019 5:46 PM EST

WASHINGTON (AP) — President Donald Trump is asking the Supreme Court to block a subpoena for his tax returns, in a test of the president’s ability to defy investigations. The filing Thursday sets the stage for a high court showdown over the tax returns Trump has refused to release, unlike every...

NASA warned of safety risks in delayed private crew launches

Nov. 14, 2019 5:33 PM EST

CAPE CANAVERAL, Fla. (AP) — NASA auditors warned Thursday the space agency faces “significant safety and technical challenges” that need to be solved before astronauts fly in private capsules. In its report, NASA’s inspector general office noted Boeing and SpaceX are several years late...

Court rejects Trump’s appeal in fight over financial records

Nov. 13, 2019 9:41 PM EST

WASHINGTON (AP) — A federal appeals court will not take up President Donald Trump’s appeal of a ruling that his accounting firm must turn over financial records to Congress. The order was handed down Wednesday by the U.S. Court of Appeals for the District of Columbia Circuit. It is almost certain...

Remains of Ohio soldier who died in Korean War identified

Nov. 9, 2019 8:34 AM EST

MARION, Ohio (AP) — The remains of a soldier who died during the Korean War have been identified as an Ohio teenager. The Defense POW/MIA Accounting Agency says the remains of Army Pfc. Karl L. Dye of Marion were accounted for Dec. 3, 2018. The agency says the 17-year-old Dye was a member of Battery B,...

Deficit could force closure of some Flint public schools

Nov. 8, 2019 12:02 PM EST

FLINT, Mich. (AP) — Auditors have told Flint Community Schools leaders that unless changes are made the district could face a nearly $5.7 million yearly operation deficit. MLive.com reports Friday that representatives of an accounting firm said during a special board meeting Thursday that the district's...

Missouri CPA convicted in $7 million fraud scheme

Nov. 7, 2019 5:48 PM EST

SPRINGFIELD, Mo. (AP) — A Missouri certified public accountant has been convicted of a $7 million scheme to defraud his employer and clients. Federal prosecutors say 46-year-old Douglas Richardson, of Lebanon, was found guilty Thursday of six counts of wire fraud and four counts of money laundering....

Remains of Pennsylvania Marine killed in WWII identified

Nov. 6, 2019 4:18 PM EST

WASHINGTON, D.C. (AP) — Military authorities say the remains of a Marine from Pennsylvania killed in the Pacific during World War II have been identified. The Defense POW/MIA Accounting Agency said Wednesday that 20-year-odl Marine Corps Reserve Pfc. Michael Kocopy of Gardendale was accounted for in...

Washington state bookkeeper charged in embezzlement case

Nov. 6, 2019 2:07 PM EST

BELLINGHAM, Wash. (AP) — Washington state authorities say the president of a bookkeeping and accounting firm has fraudulently obtained about $200,000 from a client's accounts. The Bellingham Herald reports that 45-year-old Sara Ann Greenleaf turned herself in to Bellingham police Monday and was later...