Deal marks latest in series of AI-focused acquisitions made by Thomson Reuters. Toronto-based business information services firm Thomson Reuters shared on Tuesday that it has completed its acquisition of SurePrep. The deal, initially announced in November 2022, saw Thomson Reuters pay $500 million USD in cash for the California-based […]
accounting certifications
FTX CEO’s bewilderment that company used QuickBooks for its accounting echoes a scene in ‘Breaking Bad’
FTX CEO, John J. Ray III, testifying before Congress.Nathan Howard / Stringer New FTX CEO John J. Ray III said there was an “absence of record keeping” at the crypto company. He noted that FTX used the accounting tool QuickBooks, an unusual choice for a multibillion-dollar company. The remark was […]
When accountants and clients disagree over accounting fees
A RECENT CASE in a provincial small claims court between an accountant and their client shows what happens when billing goes bad. For accountants, it represents the worst case scenario — having to take a client to small claims court over unpaid bills — and offers lessons for both parties […]
US accounting industry split on taking private equity cash
Several of America’s largest accounting firms have explored the possibility of taking private equity cash in recent months, as money from buyout funds adds fuel to a mergers and acquisitions boom across the industry. BDO and Grant Thornton are among those to have considered a deal with private equity, and […]