PE and accounting: The new formula
Accounting Today
Accounting Today, an Arizent brand, is the independent news and information resource for tax and accounting professional
The influx of private equity money into accounting is rewriting the rules, and more of today’s top stories.?
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Private equity is a difficult formula to solve and not all firms should necessarily attempt it — but for those that do, it has the potential to unlock much greater levels of value than the traditional accounting firm model, and it is already changing the landscape for the entire profession.
In other news today:
Plus, Genius Scan introduces new expense reporting capacities; Xero to retire WorkflowMax; and other news from the accounting technology arena.
It's slow to establish, but can be destroyed in an instant. When it's not present there is friction and chaos. But where trust is present, magic happens.
The IRS is pushing back filing and payment deadlines for many of those hit by winter storms and blizzards.
Despite the higher premiums they can charge when operating at capacity, the lack of qualified candidates is spelling trouble for firms who are running on skeleton crews.
Management at the Brazilian retailer told auditor PwC and its audit committee there were no supply-chain financing ops, but gave securities regulators conflicting information.