# Accounting
Business, Tribal Leader Hattie Mitchell Earns Appointment to National Post
Hattie Mitchell, CPA, CFE, CVGA, has been appointed to the Governmental Accounting Standards Advisory Council (GASAC). Mitchell, a Senior Manager and Tribal Consultant in REDW’s National Tribal Practice, and member of the Prairie Band Potawatomi Nation (PBPN), is based in REDW’s Phoenix office and will serve a two-year term with the GASAC.
Mazars Cuts Ties With All Crypto Clients, Binance, Crypto.com
In a major move, accounting firm Mazars Group has suspended all work for cryptocurrency clients, including big players like Binance and Crypto.com. CNBC shared details about the developing situation, indicating that Mazars Group's decision to suspend work came on the heels of the global accounting firm releasing “proof of reserve” reports for several digital asset exchanges.
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Tyler Perry fired his entire accounting staff for a tax mistake that was made
Even though Tyler Perry is a billionaire, he is careful with his money and wants to keep his eye on his finances. Recently, he discovered a mistake his accounting staff made on his taxes. Therefore, he fired not the individual who might have made the mistake. Instead, Tyler fired his entire accounting staff for the $9 million mistake.
CLH’s Alexia Perez Joins INCPAS Young Pros Leadership Academy (YPLA)
Northwest Indiana-based CLH, CPAs & Consultants is pleased to announce that one of its senior accountants has been selected to participate in the Indiana CPA Society’s Young Pros Leadership Academy (YPLA). Alexia Perez, Senior Accountant, will be serving a two-year term.
Kalk-Castro Joins Indiana CPA Society Leadership Council
Gretchen Kalk-Castro, a certified public accountant and director with CLH, CPAs & Consultants, recently joined the Indiana CPA Society Leadership Council. The Indiana CPA Society (INCPAS) is a statewide association representing nearly 7,000 CPAs that advocates for the accounting industry through education, ethical standards, and government relations.
Role of Accounting in the Modern Business Environment
When talking about successful companies, people usually tend to highlight their flagship products or business models without taking into consideration all the departments whose hard work set the foundations for these revenue-generating processes.
Region Accountant Joins Valpo Chamber Leadership Academy
Denise Kavanagh, a staff accountant with Northwest Indiana-based CLH, CPAs & Consultants, was recently accepted into the Valparaiso Chamber’s Leadership Academy. Kavanagh’s addition to this program complements CLH’s values in several excellent ways. The company is firmly committed to community support and the development of the next generation of accounting industry leaders. Kavanagh’s experiences with the Leadership Academy will align well with these goals.
Accounting Firm Opens New Office in La Porte
CLH, CPAs & Consultants is excited to announce the opening of a new office location in La Porte, Indiana. The accounting and business consulting firm is celebrating its 30th anniversary this year, and the new location marks the company’s third office in Northwest Indiana, along with Valparaiso and Michigan City.
Three Promotions Announced at CLH, CPAs & Consultants
Three team members recently received promotions to new roles at CLH, CPAs & Consultants. This comes as the company, a region-based accounting and business consulting firm, celebrates its 30th anniversary in business and looks forward to the opening of a new third location in La Porte, IN, this summer.
Grant Thornton Faces "Severe Reprimands," Massive Fine For Infractions
Mid-tier audit firm Grant Thornton UK is facing "severe reprimands" and a massive fine -- to the tune of $1.58 million USD -- for auditing infractions dating back to 2016. According to anAccounting Today report, the U.K.’s Financial Reporting Council has issued the fine due to problems with the firm's audits of the sportswear company, Sports Direct International. Per AT's article:
Amid Worldwide Cheating Scandals, Big Four Accounting Firms Ordered to Change
Following repeated fines for employees' cheating on CPA exams in both the United States and the United Kingdom, the Big Four accounting firms -- Ernst & Young (EY), Deloitte, Klynveld Peat Marwick Goerdeler (KPMG), and PricewaterhouseCoopers (PwC) -- are facing further scrutiny.
Texas Accounting Firm Goes Up In Flames, Arson Not Ruled Out
An Austin, Texas-area accounting firm has gone up in flames, leading to over $600,000 of total damage and losses. The fire took place at Ramirez Accounting on West Stassney Lane. It was safely put out and there weren’t any injuries reported.
Nio Launches Probe Into Claims Company Exaggerated Income By $300 Million
Nio, a Chinese electric vehicle manufacturer aiming to compete with Elon Musk's Tesla corporation, has launched an independent probe into a short-seller report that claims the company has exaggerated its income by upwards of $300 million.
Legendary Actor Ed Asner's Ex-Wife Petitions Judge to Demand CPA Surrender His Will
Legendary actorEd Asner (The Mary Tyler Moore Show, El Dorado, Elf) was involved in over 400 projects over the course of his long career. Asner, most famous for his voice acting role as Carl Fredrickson in Pixar Animation Studios' Up (2009), passed away on August 29, 2021. At the time, theNew York Times commemorated his career with a tribute that read, in part:
Accountants "Revolt" Against Traditional Work, Join Great Resignation
Although COVID-19 may never completely disappear at this point as the virus has become part of the world's new normal, many pandemic-era protocols have disappeared since the height of the pandemic throughout 2020 and 2021.
Ernst and Young fined $100 million after cheating on ethics tests
"It's simply outrageous that the very professionals responsible for catching cheating by clients cheated on ethics exams of all things," Gurbir S. Grewal, director of the SEC's Enforcement Division, said in a release.