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Latest News & Web Pages
Morgan Stanley earnings top estimates driven by wealth management
2+ mon, 4+ week ago (252+ words) Morgan Stanley on Thursday reported fourth-quarter results that exceeded Wall Street expectations on the back of strong revenue from wealth management. Here's what the company reported compared with what Wall Street analysts surveyed by LSEG were expecting: Fourth-quarter net income…...
CAQ, Deloitte gauge audit committee priorities
3+ day, 8+ hour ago (406+ words) The Center for Audit Quality and Deloitte have released a new report on audit committee effectiveness and priorities." The report draws on conversations with 27 audit committee chairs and members who participated in a survey last year for the 2025 Audit Committee…...
Reimagining financial decision-making, work and value in the age of AI
1+ mon, 1+ week ago (659+ words) The finance function is at an important crossroads, with tradition and innovation colliding as the era of artificial intelligence introduces new opportunities to innovate, evolve'and transform. While many finance teams still use traditional approaches to advise their organizations on finance…...
China exports miss estimates in March, imports post best growth in more than four years
5+ hour ago (436+ words) China's export growth slowed in March as manufacturers grappled with surging commodity and energy costs due to the Middle East conflict disrupting supplies, while imports logged the strongest growth in more than four years. Exports grew at their slowest pace…...
Tax Fraud Blotter: Third time's (not always) a charm
1+ week, 4+ day ago (902+ words) Not a ghost of a chance; all's Wells; fictitious spouses; and other highlights of recent tax cases. Mahwah, New Jersey: Louis V. Greco III, 38, of Highland Mills, New York, pleaded guilty to tax evasion for tax years 2018 to 2022. Greco owned NJ…...
Tax Fraud Blotter: Physician, heal thyself
2+ week, 4+ day ago (1036+ words) Through the roof; shell game; delinquent debts; and other highlights of recent tax cases. Anchorage, Alaska: Dr. Claribel Tan, 61, was sentenced to six and a half years in prison for executing a $12. 5 million health care fraud scheme and evading over…...
Tax Fraud Blotter: Check, please
4+ day, 5+ hour ago (1322+ words) Illicit income; fly like an eagle; subcontractor swindle; and other highlights of recent tax cases. Denver: A restaurateur who ran eateries in two states pleaded guilty to defrauding the federal government out of millions of dollars and not paying hundreds…...
IRS fraud rings move beyond tax refund theft
5+ hour, 4+ min ago (338+ words) Fraudsters have been active again this tax season, but the increasing power of artificial intelligence is helping supercharge the pervasiveness and danger of the tax scams being seen this year by researchers. By registering LLCs and obtaining legitimate EINs from…...
Which firms planned for AI? Tax season gives us the answer
2+ week, 6+ day ago (993+ words) When generative AI first entered the accounting profession, it felt like magic. Drafts appeared in seconds. Research that once took hours surfaced in minutes. For the first time in years, many firm leaders allowed themselves to imagine something radical: What…...
IRS warns preparers about misappropriating refunds
8+ hour, 43+ min ago (324+ words) The OPR cautioned against the common scenario where a tax preparer and taxpayer mutually agree to share or split the payment, as an easy fix, because the taxpayer cannot afford to pay for the practitioner's services other than through the…...