Facing charges of tax evasion, original "Survivor" winner Richard Hatch last week decided to take his chances with a grand jury, pulling out of a plea bargain that had been arranged with the U.S. Attorney in Rhode Island. In January, the government charged that Hatch had filed a false income tax return that omitted the more than $1 million in prize money that he received for winning the popular reality show. He also was charged with failing to report approximately $321,000 paid to him by a Boston radio station for co-hosting a program. Hatch, who lives in Newport, had agreed to plead guilty in return for a lighter sentence. Last Wednesday, however, prosecutors said that he had backed out of the plea deal, and so they dismissed the original charges and said that they would present their case to a grand jury. "The government will not pursue the information filed against Mr. Hatch in January," said Tom Connell, a spokesman for the U.S. Attorney in Rhode Island, "and will instead present the case to a grand jury for consideration of all possible charges."
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The Public Company Accounting Oversight Board has reached a deal with the Cyprus Public Audit Oversight Board.
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The Financial Accounting Standards Board released an accounting standards update to improve its codification of standards on different topics.
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The Governmental Accounting Standards Board released a new standard to improve the financial reporting for state and local governments on subsequent events.
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AI has made many people more efficient, productive and effective. While this includes professionals like accountants, it also includes scammers, fraudsters and cyber-criminals.
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Nine organizations wrote to the Department of Education expressing opposition to rules excluding accounting from recognition as a professional degree program.
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The Institute of Internal Auditors has released its latest "topical requirement," this time on organizational behavior as part of a company's culture.
December 16





