A Miami, Fla., CPA who repeatedly dodged scheduled dates for sworn testimony has been censured by the Public Company Accounting Oversight Board. Douglas A. Labrozzi, whose excuses included vacation plans, was barred from being associated with a PCAOB firm and registration of his firm Douglas A. Labrozzi CPA, was revoked for the refusal to cooperate with an investigation and for backdating audit documents. 

Web-based PinPoint, a business valuation platform, helps advisors determine an accurate and legally defensible value for private companies. The application calculates projections based on the income, asset and market approaches, enabling  valuators to produce a value from each approach and weight these according to the type of valuation being performed.

The Tax & Accounting business turned in a good performance for Thomson Reuters for 2013. The operation showed a 9-percent increase in revenue over 2012 results with both the Corporate and Professional segments showing double-digit increases in sales that were offset by a 33-percent drop in government revenue.

The SEC has temporarily suspended an Aurora, Colo.-based accountant whose actions as an auditor resulted in a federal court enjoining him from violating securities laws. The SEC took the action against Lawrence O'Donnell, whose operated the firm Larry O'Donnell CPA. O'Donnell drew court action for his alleged actions in signing off on the financial statements of Imperiali from 2006 through 2009 that assigned millions of dollars in values to what were said to be worthless assets.