Accounting News Roundup: Bigger Big 4 Fines, Aggressive Tax Advice; 'The Accountant' Rentals …

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Accounting News Roundup: Bigger Big 4 Fines, Aggressive Tax Advice; 'The Accountant' Rentals …

The U.K.'s Financial Reporting Council will levy fines of 10 million pounds for “seriously poor audit work” and that sound you hear is Big 4 risk managers stifling their laughter. U.S. Tax Executives Gear Up for Tax Reform's “Butterfly Effect” [BDO] Nine percent of tax executives have something more
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One Way Massachusetts Could Make Drugs Less Expensive

One big reason Americans pay too much for prescription drugs is that the government has been so reluctant to push prices down. Private health insurers pick and choose the medicines they cover and use that discretion to strike deals with drug companies. Medicaid — which would have far greater
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Grassi & Co. adds cybersecurity service line

Grassi & Co., a firm based in New York, now offers consulting services in cyber and information security (CIS). The new practice will be headed by Karl Kispert, who serve as principal. Grassi & Co. is, according to statement, responding to the demand for cybersecurity practices which has grown in
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30000 Strong and Counting, UnitedHealth Gathers a Doctor Army

Disruptors are circling the health-care industry. UnitedHealth Group Inc., the biggest U.S. health insurer, has built an army of tens of thousands of physicians to fend off invaders. Health care in the U.S. has been plunged into a high-speed reconfiguration that could redraw longstanding relationships
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Controversial crypto company Longfin says accounting firm has resigned amid SEC investigation

On Thursday, April 5, Longfin said it was notified that public accounting firm CohnReznick would no longer work with the company, effective immediately, according to an 8-K filing Monday with the SEC. The accounting firm also told Longfin “that material weaknesses in internal control over financial
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