Amanda Iacone
Accounting Reporter at Bloomberg Tax
Journalist covering the world of audit, accounting and financial reporting for Bloomberg @Tax & Accounting.
Articles
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1 week ago |
news.bloombergtax.com | Amanda Iacone
US companies must explain to shareholders why executives were not forced to give up bonuses as a result of an accounting misstatement, SEC staff said in new guidance published Friday. The Securities and Exchange Commission clawback rule aims to hold top managers accountable for mistakes in their corporate financial statements.
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2 weeks ago |
news.bloombergtax.com | Amanda Iacone |Jorja Siemons
Federal spending cuts that triggered a layoff announcement at Deloitte LLP have not yet reached Big Four firms with smaller public sector consulting practices but they have placed the industry on guard. The US government has canceled 63of Deloitte’s federal contracts for professional services, collectively worth $4 million, since Jan. 20, the first day of President Donald Trump’s new administration.
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3 weeks ago |
news.bloomberglaw.com | Amanda Iacone
EmailMarch 31, 2025, 5:22 PM UTC; Updated: March 31, 2025, 6:18 PM UTCAccounting firms have started reversing a pandemic-era trend of mounting audit violations, with the largest firms leading the way with quality scorecards that the US audit regulator said showed “substantial improvement.”The inspection findings released Monday report progress among the 171firms the Public Company Accounting Oversight Board reviewed in 2024.
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3 weeks ago |
news.bloombergtax.com | Amanda Iacone
Accounting firms have started reversing a pandemic-era trend of mounting audit violations, with the largest firms leading the way with quality scorecards that the US audit regulator said showed “substantial improvement.”The inspection findings released Monday report progress among the 171firms the Public Company Accounting Oversight Board reviewed in 2024.
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4 weeks ago |
news.bloombergtax.com | Amanda Iacone |Jorja Siemons
President Donald Trump’s nominee to lead the SEC said it’s up to Congress whether to abolish the board established to oversee US auditors in the wake of the Enron and WorldCom accounting scandals. “It’s not in my power—it’s up to you all,” Paul Atkins told lawmakers Thursday during his Senate confirmation hearing to lead the Securities and Exchange Commission.
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RT @emyslymi: Sustainability regulations are coming, with SEC finalizing US carbon disclosure rules next. Accenture's chief accounting offi…
RT @JohannsAudit: Nice highlights summary from @Aiacone of the financial statement impacts of @SECGov Final climate-disclosure rules issued…
ICYMI: #Crypto accounting guidance the #SEC released last year, aka the SAB heard around the world, is subject to congressional review, according to a federal agency watchdog. But the GAO verdict may do little to dislodge the #accounting guidance. https://t.co/lLNdjMGAEC
