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 |Jorja Siemons
The latest layoffs for PwC’s US workforce likely mark just the first round of cuts at the Big Four firms as they grapple with economic uncertainty, low turnover, and competition from smaller private-equity backed firms. Beyond shedding roughly 2% of its workforce—1,500 jobs mostly in its tax and assurance staff—PwC plans to slow down its campus recruiting and will offer internships to a smaller cohort for next year.
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1 week ago |
news.bloombergtax.com | Amanda Iacone
PwC said Monday that it plans to cut roughly 1,500 jobs targeting its tax and assurance practices in the US accounting firm’s second round of layoffs since September. The firm cited two years of historically low levels of turnover for the reduction in force. The cuts will impact about 2% of the firm’s 75,000 US employees, according to a person familiar with the firm’s actions.
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2 weeks ago |
news.bloomberglaw.com | Amanda Iacone
The head of the US audit regulator defended her agency’s watchdog role as Congress threatens to cut off its funding and reassign its duties to the SEC. Congress created the Public Company Accounting Oversight Board more than 20 years ago to serve as a check on auditors responsible for vetting the corporate accounting of companies now worth trillions of dollars.
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2 weeks ago |
news.bloomberglaw.com | Amanda Iacone
The head of the US audit regulator defended her agency’s watchdog role as Congress threatens to cut off its funding and reassign its duties to the SEC. Congress created the Public Company Accounting Oversight Board more than 20 years ago to serve as a check on auditors responsible for vetting the corporate accounting of companies now worth trillions of dollars.
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2 weeks ago |
news.bgov.com | Maeve Sheehey |Amanda Iacone
House Republicans edged toward their goal of reshaping US financial regulation Wednesday, advancing legislation that would lower economic guardrails put in place over more than two decades. The House Financial Services Committee approved its section of the GOP budget reconciliation plan on a 30-22 party-line vote after a 10-hour markup.
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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
