Explore the profound impact of the latest IFRS amendments on U.S. accounting firms and how they can improve compliance and financial transparency.
Read more...
Discover how accounting firms are embracing flexible work models to enhance productivity, employee satisfaction, and business continuity. Explore real-world examples and insights.
Read more...
Discover how quantum computing is poised to transform accounting, offering unparalleled speeds and efficiency in data processing, financial analysis, and real-time decision-making.
Read more...
Explore recent state income tax reforms in the US and their implications for businesses and accounting professionals seeking compliance and strategic advantage.
Read more...
Explore the latest changes in sales tax compliance and economic nexus affecting businesses. Learn how recent rulings and technology are shaping tax strategies.
Read more...
Explore recent leadership changes at Deloitte and PWC, highlighting strategic shifts towards innovation and sustainability within the accounting industry.
Read more...
How AI Is Reshaping Payroll: What Every Business Needs to Know The 2025 Payroll Special Report explores how artificial intelligence is revolutionizing payroll—transforming it from a back-office function into a strategic powerhouse. Discover how AI is enabling greater efficiency, accuracy, and compliance while unlocking real-time insights and cost-saving automation. With insights from industry leaders at ADP, Paychex, KPMG, and more,…
South Carolina’s elected comptroller general, Richard Eckstrom, is resigning after the heat grew intense because of $3.5-billion error in state financial reporting. A CPA, Eckstrom, had held the job for 20 years.
According to an account by the Associated Press’s James Pollard, an S.C. State Senate report found that Eckstrom was solely responsible for the $3.5-billion mapping error, during the transition to a new IT system from 2011 to 2017. State official testified he ignored years-long warnings of a “material weakness” in his office and flawed cash reporting.
Eckstrom claimed the Annual Comprehensive Financial Report was exaggerated.
The Senate panel investigating the blunder accused Eckstrom of “willful neglect of duty”. The AP article said Pollard, a decades’-long friend of South Carolina Gov. Henry McMaster, had said as recently as last week he would not resign. McMaster accepted the resignation effective April 30.
The Senate panel investigating the financial misstatement issued a damning report last week accusing Eckstrom of "willful neglect of duty.” As recently as last week, however, Eckstrom had said he would not resign.
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards. Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that. A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind