Audit & Accounting

Kardashian was paid $250,000 to post on her Instagram account about EMAX tokens, a crypto asset offered by EthereumMax.

That makes the trusted role of the profession even more important than ever, according to the AICPA's Barry Melancon.

The accounting profession responds

Chicago-based Top 10 firm Grant Thornton found that finance leaders, who were already concerned about inflation, grew even more pessimistic about the road ahead. 

As part of the AICPA Fellowship for Minority Doctoral Students, the AICPA Foundation offered 23 minority doctoral students a $12,000 fellowship. 

The Top 10 Firm was penalized for improper professional conduct for failing to properly audit a client.

Fixes will need to be implemented at nearly every stage of a potential accountant's career.

The Top 10 Firm reported Thursday that its U.S. revenue for the fiscal year ending July 31, 2022, rose nearly 17% to reach a record of $2.3 billion.

The Financial Accounting Standards Board issued an accounting standards update to improve transparency about the use of supplier finance programs for investors and other capital providers.

Deloitte's member firm in China agreed to pay a $20 million penalty to settle charges with the Securities and Exchange Commission that the firm asked its audit clients to do their own auditing work.