BDO

Xero will become BDO’s preferred accounting solution for its business, services and outsourcing clients in the small to medium business space.

The Internal Revenue Service will allow businesses that got their Paycheck Protection Program loans forgiven to write off expenses paid for with that money, shifting policy after Congress passed new legislation last month.

Eighty percent of the business leaders surveyed by BDO in the Americas said the focus of tax legislation changes constantly as the result of the elected party and/or it is difficult to predict.

Boohoo Group Plc, the scandal-hit fast-fashion retailer, may struggle to line up a top-flight audit firm after parting ways with PricewaterhouseCoopers.

The biggest increase came in the advisory practice, where revenue rose 29.4 percent, followed by tax at 8.8 percent and assurance by 6.0 percent.

BDO USA is expanding in Colorado and Wyoming by adding ACM LLP, formerly known as Anton Collins Mitchell LLP, a firm based in Denver.

The COVID-19 pandemic isn’t stopping BDO USA from pursuing a constant series of M&A deals in recent years, although the latest one had to be mostly negotiated at a safe distance.

Wirecard AG was left fighting for survival after acknowledging that 1.9 billion euros ($2.1 billion) that it had reported as assets probably don’t exist, deepening an accounting scandal that has rattled Germany’s financial industry.

Markus Braun’s almost two decades as Wirecard AG’s chief executive officer ended after accusations about the company’s accounting culminated in a shock disclosure that it was unable to locate 1.9 billion euros ($2.1 billion).

The Public Company Accounting Oversight Board issued inspection reports Monday for the six largest auditing firms in a new format with more graphs and charts.

Accounting firms across the nation are knee-deep in tax season, but now, they are also knee-deep in a crisis no one could have predicted.

Two former Puerto Rico officials, along with the head of an accounting firm and three others, were indicted over allegations of theft, money laundering and wire fraud, escalating federal investigations that have been swirling around the bankrupt U.S. territory.

Acumatica began its annual user Cloud ERP Summit in Las Vegas this year with new product announcements, as well as the news of a new strategic alliance with firm network BDO.

BDO USA LLP has united several of its technology consulting practices under a new BDO Digital business.

The firm saw year-over-year growth of 10.1 percent, up from 8.3 percent growth in 2018.

BDO USA LLP reported a record level of revenue in the fiscal year ending June 30, 2019, as the firm re-elected Wayne Berson to his third term as CEO.

NFPs can fall prey to a cycle where overspending on services leads to a lack of investment in infrastructure and expanding capabilities.

BDO USA LLP has acquired AC Lordi, a management consulting firm based in Philadelphia, adding 100 professionals to BDO’s offices in the Philly area, effective June 1.

One of China’s largest listed drugmakers said it overstated cash holdings by $4.4 billion, sending its shares and bonds tumbling.

The Vault Accounting 50 ranks the top workplaces in North America based on prestige, firm culture, and other factors.