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PCAOB permanently bars repeat offender

Accounting Today

The Public Company Accounting Oversight Board sanctioned the firm Michael T. Studer CPA and Michael Studer for repeat violations related to a 2019 audit.

CPA 179
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SEC upped accounting, auditing enforcement in FY 2023

Accounting Today

The 83 publicly disclosed accounting and auditing enforcement actions represented the highest number of actions initiated since FY 2019.

Auditing 290
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Undergraduate accounting enrollment rose 12%

Accounting Today

Total undergraduate accounting enrollment for fall 2024 was 257,278 students, the highest reported since fall 2020 and just shy of the pre-pandemic fall 2019 enrollment.

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Tax Fraud Blotter: Sick excuses

Accounting Today

Alvarez did not have a PTIN and admitted that in 2019 and 2020 she misrepresented taxpayers eligibility for education credits and deducted fictitious business expenses from their taxable income to reduce tax liabilities and inflate refunds. In March 2019, Archer filed for Chapter 7. All rights reserved.

Tax 213
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Tax Fraud Blotter: Negative waves

Accounting Today

In response, Whitman formed a trust with his girlfriend as the trustee then directed his income from the business into the trusts bank accounts and used the money to pay personal expenses. Around July 2019, to further thwart IRS efforts, he formed a new entity to operate his business. All rights reserved. in restitution to the IRS.

Tax 173
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Special travel per diem rates begin next month

Accounting Today

2019-48 lays out the new rates for taxpayers who don't want to substantiate their actual expenses.

Tax 334
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KKR signs private credit loan for Australia's MYOB

Accounting Today

The private equity giant acquired the accounting software firm in 2019.