Audit & Accounting

Nathan Wheeler, a 43-year-old CPA in Portland, Oregon, who also owns a marijuana business, was sentenced to 51 months in federal prison for wire fraud and tax evasion after embezzling nearly $1 million from an Olympic snowboarding medalist.

Despite a series of accounting scandals, the major firms are increasing their dominance.

Zach Gordon, a pioneer in serving the marijuana business and senior manager of the cannabis practice at Janover LLC, shares the issues facing this new niche, and how accountants can and should work with it.

The board has brought in Holly Greaves, a former CFO at the EPA, as its new CFO, but not publicly announced the move.

CAMs are upon us, and the early results are in!

The Internal Revenue Service isn’t effectively auditing corporations despite a change in how the agency conducts tax examinations that was supposed to make the process more efficient, according to the agency watchdog.

The group who oversee the Financial Accounting Standards Board and the Governmental Accounting Standards Board, have begun a search for a new leader.

Accountants can play a critical role in making the transition as smooth as possible — and minimize the auditing headaches that come with it.

These are the building blocks for making your clients’ lives better.

Directors are too optimistic about their organizations’ ability to cope with major risks, according to a report from the Institute of Internal Auditors.