Accounting News

• Separating Winners From Losers: Low Price-To-Book Stocks
  
  Joseph Piotroski, an accounting professor, set out to see if it was possible to use simple financial criteria to separate the winners from the losers among the universe of deep-value stocks. ...
  Forbes.  Friday, 15 Oct 2021.
• Most investors would dump a stock after an accounting scandal
  
  More than half of investors say they would ditch a stock in the case of a climate change catastrophe like an oil spill or emissions scandal, or negative revelations about internal company culture.
  Daily Mail.  Friday, 15 Oct 2021.
• American Overdose Deaths Surged To Record High Amid COVID-19 Lockdowns
  
  When accounting for delayed reporting, this number may exceed 99,000
  Daily Caller.  Thursday, 14 Oct 2021.
• Process, People And Technology In Accounting
  
  When assessing resources as we look toward optimization of our operations, the key is identifying interest.
  Forbes.  Tuesday, 12 Oct 2021.
• Coronavirus in DR Congo: How funds went missing - report
  
  Dodgy accounting and unofficial bonuses plague the nation's virus response, says the Congo Research Group.
  BBC News.  Saturday, 9 Oct 2021.
• How a Company's Relationship With Its Accounting Firm Changes as It Grows
  
  Companies have different accounting needs at each stage of growth, but having a proactive, strategic partner is always key.
  Entrepreneur.  Friday, 8 Oct 2021.
• Trump hid over $70 million in losses on his DC hotel, House committee report alleges
  
  Former President Donald Trump publicly claimed his D.C. hotel was profitable. But his accountants told the landlord it lost money.
  CNBC.  Friday, 8 Oct 2021.
• Booming gas prices boost Shell revenues despite $400m Hurricane Ida bill
  
  Shell is the world's biggest seller of liquefied natural gas, accounting for around 20 per cent of global demand. LNG and electricity prices have soared in recent weeks.
  Daily Mail.  Thursday, 7 Oct 2021.
• Tesco to settle final shareholder claims over 2014 accounting scandal
  
  Tesco is close to settling the final meaningful legal action from shareholders over the 2014 accounting crisis that brought Britain's biggest retailer to the brink of financial disaster.
  Sky News.  Monday, 4 Oct 2021.
• Foreign aid: Chancellor accused of stealth raid by charities
  
  Development charities fear "accounting tricks" will be used to cut the amount spent directly on aid.
  BBC News.  Friday, 1 Oct 2021.
• How Accounting Giants Craft Favorable Tax Rules From Inside Government
  
  Lawyers from top accounting firms do brief stints in the Treasury Department, with the expectation of big raises when they return.
  New York Times.  Sunday, 19 Sep 2021.
• Constellation1 launches accounting, commission management solution
  
  Real estate technology company Constellation1 is launching new software for back-office accounting tasks and commissions management. ...
  Inman.  Monday, 13 Sep 2021.
• Watchdog hits Grant Thornton with £4m fine over Patisserie Valerie collapse
  
  The former auditor of Patisserie Valerie is facing a multimillion pound fine nearly three years after the cafe chain collapsed in one of Britain's biggest recent accounting scandals.
  Sky News.  Saturday, 11 Sep 2021.
• State Department on Afghan refugees in US: 'We're doing accountings on the back end'
  
  Secretary of State Antony Blinken said the State Department is doing "accountings on the back end" as Afghan evacuees arrive in the United States while some raise concerns about the vetting process.
  Fox News.  Tuesday, 7 Sep 2021.
• Kraft Heinz Will Pay $62 Million to Settle S.E.C. Accounting Charges
  
  The Securities and Exchange Commission said the packaged foods giant inflated cost savings from the merger.
  New York Times.  Friday, 3 Sep 2021.

Accountants News Headlines and News Summaries