Chicago (Aug. 15, 2003) -- Global accounting and business advisory firm Grant Thornton became the first major firm to register with the Public Company Accounting Oversight Board.
Accounting firms that audit public companies must be registered with the PCAOB — created by the Sarbanes-Oxley Act — by Oct. 22.
According to Accounting Today’s Top 100 Firms list, Grant Thornton generated $400 million in revenues in 2002.
-- WebCPA staff
The Internal Revenue Service's criminal investigators have been on the lookout for tax evasion by businesses that don't pay employment taxes.
The Internal Revenue Service previewed a draft form for crypto brokers for reporting on the proceeds of digital asset transactions to their customers.
Seventeen percent of comment forms in 2021 and 2022 contained auditor evaluation deficiencies, according to the PCAOB.
KPMG enters $1.1 million partnership with Women's Health Access Matters; UHY releases nonprofit trends report; and more news from across the profession.
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While still a minority in the accounting world, remote partners offer unique benefits amid talent shortages.
