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Latest News & Web Pages
China industrial profits jump 24. 7% in April, fastest gain in over two years despite headwinds
15+ hour, 38+ min ago (0+ words) ...
European companies double down on China manufacturing despite EU de-risking push
16+ hour, 2+ min ago (582+ words) BEIJING " More European companies are maintaining or expanding their supply chains in mainland China to remain competitive globally, according to a survey released Wednesday by the European Union Chamber of Commerce in China. Nearly one-third of respondents said they were…...
Piper Sandler says Strait of Hormuz to remain closed for months and oil to hit new highs
21+ hour, 47+ min ago (282+ words) Piper Sandler isn't buying the talk that an Iran deal is nearing, telling clients that the Strait of Hormuz will largely stay closed and oil will hit new highs. "We think the Strait of Hormuz remains largely closed for months…...
Wyden, Finance panel Democrats seek investigation of DOJ fund
22+ hour, 15+ min ago (335+ words) Democrats on the Senate Finance Committee called on chairman Mike Crapo (R-Idaho) Friday to launch a bipartisan probe into the Justice Department's new fund for victims of government weaponization. Led by ranking member Ron Wyden (D-Ore.), the letter slams the…...
Trump hits Democrats on crime, taxes to boost NY's Lawler
22+ hour, 22+ min ago (588+ words) President Donald Trump assailed Democrats over crime levels in blue jurisdictions as he sought to boost one of the Republican Party's most vulnerable lawmakers during a campaign stop in New York. "The streets are dirty. The crime is out of…...
In the blogs: Global tax gods
17+ hour, 36+ min ago (123+ words) Dangerous procedural traps; justification for change; unexpected tax exposure; and other highlights from our favorite tax bloggers. Curiosity, not just compliance The Internal Revenue Service received approximately $3. 2 billion in unidentified payments from fiscal years 2022 through 2024. Centri Business Consulting plans to…...
Centri scores $20 M credit facility from Citizens Financial
17+ hour, 41+ min ago (356+ words) Centri said Tuesday the funds would be used for the next phase of its strategic growth plan, focusing on acquisitions and talent investments at every level, including key leadership and partner hires, across each market in which the firm operates....
IRS receives billions in unidentified payments
17+ hour, 41+ min ago (373+ words) The Internal Revenue Service received approximately $3. 2 billion in unidentified payments from fiscal years 2022 through 2024 and, while it was able to identify the majority of it, $218 million was left unresolved, according to a new report. The report, released Tuesday by the…...
NASBA's CPA exam reporting problems are improving, but not solved
21+ hour, 39+ min ago (269+ words) Earlier this fall, I published an op-ed raising concerns about discrepancies in NASBA's publicly reported 2024 CPA Exam performance data in "The NASBA Report: Candidate Performance on the Uniform CPA Examination - 2024 Edition." NASBA has been issuing these reports for 45 years, but…...
The AI Pecora Moment: who will conduct the examination?
2+ day, 31+ min ago (653+ words) Pecora was a lawyer who thought like a forensic accountant. He understood that the most important disclosures are not the ones witnesses volunteer. They are the ones that emerge under sustained adversarial examination'when the comfortable narrative runs out of room,…...