Richard T. (Rick) Baumeister, Jr., CPA, managing partner at Sanford, Baumeister & Frazier, PLLC, has announced that the Fort Worth, TX-based accounting firm will be merging Hugly PC, a North Dallas-based accounting firm, into SB&F.
With many people facing challenging financial situations and an economy desperately trying to rebound, the TSCPA believes this holiday season is the perfect time for children to learn the importance of money-mindedness with affordable toys and board games that won’t break the bank.
How much fraud is occurring in your organization? None, you say? Hold on before you commit to that answer! You might just be surprised at the amount – and the fact that it is probably going on without your knowledge or suspicion.
The most recent study by the Association of Certified Fraud Examiners (ACFE), The Report to the Nations – 2010, indicates that, on average, an organization loses 5 percent of top-line revenue to internal fraud alone.
Five investors who lost millions of dollars following the collapse of a Plano, TX-based hedge fund in 2008 filed a lawsuit against Ernst & Young LLP last week that accuses the Big Four accounting firm of fraud during its time as the fund’s auditor.
CPA societies from Florida, Alabama, Louisiana, Mississippi, and Texas, in cooperation with the Accounting CPE Network and BizVision, are sponsoring a Webinar designed for CPAs whose clients are filing claims through the BP reimbursement process.
The American Accounting Association and the American Institute of Certified Public Accountants have formed the Pathways Commission to study possible future paths of higher education for those seeking entry into the accounting profession.