News

Five partners in BDO USA have been charged with dismissing red flags before issuing unqualified audit opinions. The firm was accused with issuing a five-page letter demanding an audit committee investigation of the 2009 and 2010 financial statements of General Employment Enterprises but then withdrawing the letter without explanation a few days later. Four of the five agreed to be suspended from practicing public accounting for varying periods. All received money penalties.

Xero is executing well in the United States, according to CEO Rod Drury, contending the only problems it has had stem from occasions it hired the wrong people. Thos were part of the remarks made by the head of the New Zealand-based cloud software company early this month in an interview with Radio Live after the company's stock hit a three year-low.

The phrase "The right man or woman for the job" still rings true. According to an AICPA Economic Outlook survey,  business executives are having trouble finding the right candidates for unfilled jobs.

Avalara has launched a program for QuickBooks ProAdvisors and their QuickBooks Online clients in the United States. The Bainbridge Island, Wash.-based sales-and-use tax vendor is providing participants with not-for-resale copies of AvaTax for QBO. They receive a six-month free trial of the Avalara Sales Tax Compliance App for QBO for ProAdvisors' QBO clients.