Audit & Accounting

Revenue at the firm's advisory businesses — consulting, financial advisory, risk advisory and tax and legal -- rose 11% to £3.6 billion.

Sheldon Whitehouse, D-Rhode Island, and Roger Wicker, R-Mississippi, introduced bipartisan legislation to put more responsibility on accountants and other financial professionals to safeguard against money laundering and other crimes.

The Institute of Management Accountants introduced two new education programs for sustainable business practices and diversity, equity and inclusion.

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

The accounting profession responds

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

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.