Pittsburgh Accounting and CPA News


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South Africa files criminal charges against KPMG, SAP, McKinsey

South Africa regulators have filed criminal charges against the local units of U.S.-based consultancy firms KPMG L.L.P. and McKinsey & Co. Inc. and Germany-based software firm SAP S.E. for alleged contraventions of the country's Companies Act, Bloomberg reported.

Grenfell Tower fire not forgotten in London, England

Marchers carried photographs and placards with details of their loved ones who perished in the fire . They held large green heart-shaped banners and placards with slogans including " Justice for Grenfell " and "Truth."

H & R Block Inc (HRB) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its holdings in H & R Block Inc by 5.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,141,280 shares of the company's stock after purchasing an additional 62,876 shares during the quarter.

Triple J Wholesale's Jim Herbert elected Chamber of Commerce chairman

Jim Herbert, General Manager of Triple-J Wholesale, is the unanimous choice as the new Chairman of the Guam Chamber of Commerce for 2018. The other officers elected are Vice-Chairman Joe Arnett of Deloitte and Touche, and Secretary Treasurer Mark Tokito of the Bank of Guam.

Financial Executives Are Increasingly Concerned About ICFR And Cyber Security

Asked what kept them up at night, topping the executives' list was ICFR and cyber security , according to a survey of more than 500 executives at KPMG's 27th Annual Accounting and Financial Reporting Symposium. "The focus on internal controls is especially important to ensure that reported financial information has the appropriate checks to ensure reliability and accuracy," said Ebner added: "It's also noteworthy that 97 percent of financial executives were either somewhat or very concerned about cyber security.

H&R Block enters exclusive partnership with Walmart

H&R Block and Walmart announced Jan. 16 that H&R Block will be the new, exclusive DIY desktop tax software provider available at Walmart stores nationwide, and sold directly by Walmart on walmart.com . This exclusive retail partnership brings the value, innovation and support of H&R Block DIY desktop software products to the world's largest retailer, making the DIY products even more convenient for clients to purchase, and ultimately prepare their taxes and get their maximum tax refund.

VersaPay Announces Change of Auditor

"The board extends our thanks to Grant Thornton LLP for the quaity of expertise they have provided Verspay over the years." In accordance with National Instrument 51-102 - Continuous Disclosure Obligations , the notice of change of auditor, together with the required letters from the former auditor and the successor auditor, have been reviewed by the audit committee and the board of directors of the Company and have been filed on SEDAR.

TradeStation International Ltd and Interactive Brokers UK Ltd Plan to Offer Global Trading Account

TradeStation International Ltd, the London-based, United Kingdom subsidiary of TradeStation Group, Inc., announced today it has teamed with Interactive Brokers Limited, an affiliate of the Interactive Brokers Group, Inc. , to offer a TradeStation Global platform and brokerage account with the ability to trade markets across the globe.

PwC sets off on valuation of GuySuCo assets

PricewaterhouseCoopers yesterday began its mission here to value the assets of the Guyana Sugar Corporation which would lead to the issuing of prospectuses that potential investors can mull. The start of PwC's work here was announced in a press release yesterday by the Special Purpose Unit under the National Industrial & Commercial Investments Limited .

Night Owl Capital Management Stake in Mastercard (MA) Lowered by...

Night Owl Capital Management Stake in Mastercard Lowered by $320,916 as Shares Rose; Brookdale Sr Living Stake Held by Forward Management Llc John Kim decreased its stake in Mastercard by 1.38% based on its latest 2017Q3 regulatory filing with the SEC. Night Owl Capital Management Llc sold 2,276 shares as the company's stock rose 7.46% with the market.

H & R Block Inc (HRB) Given Consensus Recommendation of "Hold" by Brokerages

H & R Block Inc has earned a consensus rating of "Hold" from the ten ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and two have issued a buy recommendation on the company.

Auto Executives, Consumers Skeptical Of The Viability Of Pure Battery Electric Vehicles: KPMG Survey

DETROIT: Despite the hype and massive automotive OEM investment in battery electric vehicles , more than half of global auto executives say they believe these vehicles will fail commercially due to infrastructure challenges while 60 percent say excessive recharging times will do them in, according to the 2018 KPMG Global Automotive Executive Survey. U.S. auto execs are far more skeptical than their global counterparts, with two-thirds saying BEVs will fail commercially as a result of these charging challenges.

KPMG Achieves Double-Digit Growth in Kingdom

KPMG in Saudi Arabia will continue to invest in expertise and solutions with an aim of being the clear choice for our clients. For the fourth consecutive year, KPMG in Saudi Arabia reported achieving another double digit growth for Fiscal Year ended Sept.

Taiwan makers must pursue client-centric innovations with AI, big data, says expert

Taiwan manufacturers must pursue innovative values on the customer end to secure successful transformation, and must better utilize AI and big data analysis to address problems of production lines to maximize the value of smart production, according to Jay Lee, former director of the Center for Intelligent Maintenance Systems of the US National Science Foundation . Lee made the statement when speaking at a forum on how to utilize big data to drive smart transformation of Taiwan industries, jointly hosted on January 12 by PricewaterhouseCoopers Taiwan and Feng Chia University, in his capacity as a chair professor at D School of the local university.

Brookdale Senior Living (BKD) Stock Rating Lowered by Zacks Investment Research

According to Zacks, "Brookdale Senior Living Inc. is a leading owner and operator of senior living facilities throughout the United States. The Company is committed to providing an exceptional living experience through properties that are designed, purpose-built and operated to provide the highest-quality service, care and living accommodations for residents.

PRGX Global Inc (PRGX) Expected to Announce Quarterly Sales of $45.31 Million

Wall Street analysts expect that PRGX Global Inc will report sales of $45.31 million for the current quarter, according to Zacks Investment Research . Two analysts have provided estimates for PRGX Global's earnings, with the lowest sales estimate coming in at $45.00 million and the highest estimate coming in at $45.62 million.

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KPMG in the Middle East and South Asia , one of the best resourced professional service networks in the region, reported 12.7 percent growth in aggregated revenues of member firms across the MESA region for the fiscal year ended 30 September 2017. Revenues across all core functions grew in double digits with Audit revenues increasing by 13 percent, Tax by 19.1 percent and advisory by 10.6 percent.