M&A roundup: Prager Metis and KLR expand

Prager Metis CPAs expanded in New Jersey by combining with William J. Keephart, CPA PA; and KLR Executive Search Group merged in Next Exec.

M&A roundup: Prager Metis and KLR expand


The going concern question in the COVID-19 crisis

As companies contend with the economic impact of the global pandemic and the related risks, management should be prepared for heightened auditor scrutiny.

The going concern question in the COVID-19 crisis


People & firms on the move: Baker Tilly appoints MP of innovation and solutions

Abdo, Eick & Meyers launches technology and data solutions services group; LBMC adds five shareholders; and more CPA news.

People & firms on the move: Baker Tilly appoints MP of innovation and solutions


Resistance mounts to companies obscuring coronavirus impact in financials

A backlash is growing among regulators and participants against EBITDA — earnings before interest, taxes, depreciation, amortization and coronavirus.

Resistance mounts to companies obscuring coronavirus impact in financials


KPMG gets reprimand from U.K. regulator over reserves audits

The firm admitted shortcomings in three years of work for a client, which had to restate its distributable reserves twice.

KPMG gets reprimand from U.K. regulator over reserves audits


Deadline extended: Accounting Today's 2020 VAR 100

Accounting Today is putting together its VAR 100 ranking of the top value-added resellers of accounting and accounting-related software by revenue.

Deadline extended: Accounting Today's 2020 VAR 100


QuickBooks boosts reports for accountants, upgrades Enterprise edition

The June QuickBooks update has brought bolstered reporting capabilities for QuickBooks Online and QBO Accountant, and a new tier for QuickBooks Desktop Enterprise that offers assisted payroll and industry-specific editions.

QuickBooks boosts reports for accountants, upgrades Enterprise edition


Tax Fraud Blotter: Bad Lux

Disunion; $13K in cigars; ‘til theft do us part; and other highlights of recent tax cases.

Tax Fraud Blotter: Bad Lux


Accounting leaders see 'an obligation to combat racism'

Ohio Society of CPAs president and CEO Scott Wiley, PwC US chairman Tim Ryan and Oracle executive director Kimberly Ellison-Taylor discussed the impact of racism on the profession.

Accounting leaders see 'an obligation to combat racism'


GASB proposes guidance for CARES Act and coronavirus

The Governmental Accounting Standards Board released a proposed technical bulletin Thursday from its staff with application guidance on the CARES Act and outflows incurred by state and local governments in response to the COVID-19 pandemic.

GASB proposes guidance for CARES Act and coronavirus