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News
SEC Charges Founder and His Two New Jersey-Based Companies in Alleged $16 Million Ponzi Scheme
3+ day, 22+ hour ago (369+ words) The Securities and Exchange Commission today charged Ernest Ossei Boateng and two New Jersey-based companies he controls, Intercontinental Wealth Network LLC and I Wealth Network LP, for allegedly raising approximately $16 million from more than 200… Official websites use.gov Secure.gov…...
Whitman launches coaching program for departing partners
3+ day, 15+ hour ago (310+ words) The program pairs each leader with 12 weekly one-on-one sessions focusing on four themes: beyond the firm (separating the person from the professional title), time and structure (rebuilding a daily rhythm after leaving the firm), social connection (creating a landscape for…...
Hall expands into dental industry
5+ day, 18+ hour ago (317+ words) Hall CPA acquired Tooth & Coin, an accounting, tax and advisory firm that works exclusively with dental practices, marking its first acquisition as it expands into a new industry. Tooth & Coin, based in Little Rock, Arkansas, was founded in 2013 by Jonathan…...
False info, real problems: The human in the AI loop
1+ week, 4+ day ago (1104+ words) In our first article, we explored how AI-generated false information, also known as hallucinations, have increasingly been making their way into firm work products. Here we explore how some firms control specifically for this risk. Accountants tend to view hallucination…...
U.S. appeals court rules against prediction markets, sets up likely fight at Supreme Court
2+ week, 2+ day ago (354+ words) The Ninth Circuit Court of Appeals rejected prediction markets platforms' requests for injunctive relief against the Nevada Gaming Control Board, concluding that sports-related event contracts are not a derivative regulated by the federal government. The court rejected appeals by Kalshi…...
HBK takes outside investment
2+ week, 5+ day ago (358+ words) H.I.G. is an alternative investment firm based in Miami with $75 billion of capital under management. The transaction, which is with HBK's first institutional partner, is expected to close in the fourth quarter of 2026. HBK, based in Canfield, Ohio, ranked No. 49 on…...
Filling the Regulatory Tank: Regulation Crypto Assets Proposing Release
3+ week, 5+ day ago (550+ words) Commissioner Hester M. Peirce Official websites use.gov Secure.gov websites use HTTPS More in this Section Filling the Regulatory Tank: Regulation Crypto Assets Proposing Release In 2020, I spoke about my encounter on a stormy New Jersey night and an empty…...
Firm files patent on service contract and warranty accounting
3+ week, 6+ day ago (288+ words) Kerper Bowron LLC, an actuarial, accounting, and insurance consulting firm based in Birmingham, Alabama, and Irish Trinity LLC have filed U.S. and international patent applications for what they call Kerper-Bowron Method — a way to forecast and account for liabilities for service…...