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Your Daily Accounting Briefing – 2024-04-07

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Let’s see what’s in the news today.

Autodesk Investigates Its Accounting Practices, Delays Annual Report

The construction software giant disclosed April 1 that it is conducting an internal investigation into its own accounting practices and filed for an extension to submit its 2023 annual report with the U.S. Securities and Exchange commission.

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PwC Hit With $2.75 Million Fine By PCAOB For Running Afoul of Independence Rules

Order also requires a review of PwC’s independence-related quality-control policies and procedures, and extra training.

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Accounting-Related Class Actions Up Nearly 10% in 2023

Accounting-related securities class-action filings rose 9.8% from 51 in 2022 to 56 in 2023, Cornerstone Research said.

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Toyota reports record sales for Q1 2024, with 36.4% accounting for EVs

Toyota sold 36.4% electrified cars in March 2024 and 206,850 in Q1, with notable gains in RAV4, bZ4X, and Lexus models.

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Netgain: Accounting Software Solutions Company Closes $35 Million

Netgain, a leading software provider for finance and accounting teams, announced a $35 million minority investment led by Summit Partners. The funding round will drive product development and team expansion while supporting Netgain’s commitment to helping accountants free up time by automating routine tasks.

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