Pittsburgh Accounting and CPA News


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Global CEOs remain optimistic over the next three years

Corporate leaders continue to have a positive outlook amid heightened uncertainty in the global economy, as they see these economic challenges as an opportunity for further business expansion. The 2017 Global CEO Outlook, a global survey recently conducted by KPMG International, shows that 65 percent of chief executive officers remain confident about their companies' progress in the next three years.

Real Estate Websites Need To Be ADA Compliant

"Is your website accessible? That's an important question, since the U.S. Department of Justice has made it clear 'public accommodation' under the Americans with Disabilities Act applies to websites. That means content on your website should accommodate people with vision, hearing, and other impairments."

PayPie, World's First Credit Risk Assessment Based on #Blockchain...

September 18, 2017 Accounting-tech company PayPie is raising funds via a token crowdsale for its decentralized, blockchain-powered accounting platform. PayPie's platform was built to make financial information on small-medium businesses more accurate and transparent, allowing a better picture of a company's financial health.

Third Annual Growth Capital in the Rockies Conference Showcases...

The third annual Growth Capital in the Rockies conference slated for Sept. 19 - 20, 2017 and sponsored by KPMG LLP and Cooley LLP, will feature companies from across the country poised for sizeable growth and disruption in their markets.

KPMG Slammed by South Africa's Pravin Gordhan Over Tax Report

KPMG LLP after it withdrew a report on the country's tax agency that was used as evidence in a police probe against him and led to the removal of senior staff. South African Revenue Service about a unit that allegedly spied on politicians should no longer be relied on.

CIBC World Markets Inc. Maintains Holdings in Brookdale Senior Living Inc.

CIBC World Markets Inc. maintained its stake in shares of Brookdale Senior Living Inc. during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission . The firm owned 64,800 shares of the company's stock at the end of the second quarter.

Cambridge Investment Research Advisors Inc. Purchases Shares of 9,794 H&R Block, Inc.

Cambridge Investment Research Advisors Inc. purchased a new position in shares of H&R Block, Inc. in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission . The fund purchased 9,794 shares of the company's stock, valued at approximately $303,000.

Brokerages Set H&R Block, Inc. (HRB) Target Price at $27.33

Shares of H&R Block, Inc. have been assigned a consensus recommendation of "Hold" from the ten brokerages that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and one has given a buy recommendation to the company.

Outsiders and Insiders Are Behind the Fintech Revolution

This question was posed by George Vukotich, co-founder of FinTank , a fintech-focused organization that serves Chicago's technology and start-up communities. His remarks were part of a broader panel conversation on Chicago's booming fintech scene that took place at the 2017 Incubate Illinois Conference .

McKinsey, KPMG Targeted as South African Graft Scandal Widens

A protester holds a placard reading 'Zap Zupta', referring to Zuma and the Gupta Family, in Pretoria on April 12, 2017. After helping to topple one of Britain's best known public-relations companies, South African anti-corruption groups are now targeting U.S. consultancy McKinsey & Co.

Grant Thornton LLP Formalizes its Cybersecurity Services

Grant Thornton Cybersecurity Awareness and Testing services offers small, medium and enterprise-sized businesses the ability to identify specific threats facing their organizations and industries. The new capability is designed to define a sound cybersecurity strategy; and helps to implement the governance structure necessary to better defend valuable intellectual property, customer data and information assets.

Deloitte's Annual Global Revenues Rise 5.5%

Deloitte Touche Tohmatsu recorded $38.8 billion in global revenues in its latest fiscal year, up 5.5% in U.S. dollar terms from the previous year, the Big Four accounting firm said Thursday. Revenues for the year that ended May 31 were up 7.1% in local-currency terms, the way major accounting firms prefer to measure their growth.

2017 Reviews of Retail Point-of-Sale Systems

According to Big Commerce , a retail industry analysis group, 51 percent of Americans now prefer to shop online, yet 46 percent of American small retail businesses still do not have a website. There's more.

Barclays Africa Scrutinizes KPMG Relationship Amid Gupta Scandal

Barclays Africa Group Ltd. is reviewing its relationship with KPMG LLP as the auditing firm comes under scrutiny for work on behalf of South African companies linked to the politically connected Gupta family. The nation's largest lenders, including Barclays Africa's Absa unit, last year closed bank accounts of businesses tied to the family, who are friends with President Jacob Zuma and in business with one of his sons.

H&R Block, Inc. (HRB) Upgraded to Hold at Zacks Investment Research

According to Zacks, "H&R Block beat first-quarter fiscal 2018 earnings estimates by a penny. The company remains focused on expanding its client base and lowering operating costs through stringent cost-cutting initiatives to drive future growth.

9/13: Big Four Night

Jack Hogan, a freshman majoring in business administration, uses a virtual reality headset at the PricewaterhouseCoopers booth Wednesday evening during Big Four Night hosted by Beta Alpha Psi honors society.

UT, Capital staff to receive rated severance pay

PricewaterhouseCoopers has explained that no funds have been set aside for employee severance payments for the 1356 staff of the defunct UT Bank and Capital Bank whose employment automatically terminated on August 14, 2017 following the purchase and assumption by GCB Bank. Rather, according to PwC, the employee severance claims will be admitted into the pool of creditor claims in the receivership and payments made to them based on the timing and quantum of asset realisation, as well as cost incurred in the receivership and quantum of claims received.