Latest Accounting and auditing services News

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...

Markets Right Now: Dow hits record as stocks extend a rally

Nov. 4, 2019 4:12 PM EST

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. The Dow Jones Industrial Average closed at its first record high since the summer as the stock market's rally carried into a fifth week. Energy and technology companies did the most to pull the market higher Monday....

Under Armour's strong numbers drowned out by investigation

Nov. 4, 2019 1:02 PM EST

BALTIMORE (AP) — A strong quarter from Under Armour was overshadowed by federal investigations into the company's accounting practices. The company also lowered its revenue expectations for the year Monday. The probe, first reported by The Wall Street Journal, is seeking information that would reveal...

A missing Korean War soldier honored with Delaware monument

Nov. 3, 2019 8:01 AM EST

NEW CASTLE, Del. (AP) — In 1950, 17-year-old Samuel Crawford enlisted in the Army. Despite just finishing his junior year of high school, he was sent from Wilmington to the front lines of the Korean War. Five months later, he was declared missing in action. His family never saw or heard from him again. His...

Illinois marijuana law aims to undo harm of war on the drug

Nov. 2, 2019 12:20 PM EDT

SPRINGFIELD, Ill. (AP) — When lawmakers crafted the law legalizing marijuana in Illinois, they tried to make sure it would right what many see as past wrongs linked to the drug. In addition to expunging hundreds of thousands of criminal records for marijuana arrests and convictions, the law's architects...

Attorneys for ex-bank execs seek to dismiss SEC complaint

Nov. 1, 2019 5:11 PM EDT

WILMINGTON, Del. (AP) — Two former executives for the only financial institution criminally charged in connection with the federal bank bailout program are asking a judge to dismiss a civil enforcement action filed against them by federal securities regulators. The Securities and Exchange Commission...