Your Daily Accounting Briefing – 2024-04-30

1 min read

Let’s see what’s in the news today.

China looks to toughen penalties on fake data to stem ‘persistent fabrication’

China is reviewing amendments to laws governing statistics and accounting, with Beijing eager to clamp down on inflated or manipulated economic statistics and uphold rules in the world’s second-largest financial market.

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Accountant Charged With Embezzling $800,000 From Paving Firm in California

Angela Fae Brown is accused of bilking more than $800,000 from her employer, Viking Pavers, in a scheme between 2017 and 2022.

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Chemours CFO Resigns in Latest Fallout from Accounting Probe

Chemours Co.’s chief financial officer has resigned two months after the chemical maker announced an internal investigation into its accounting practices that put him and two other executives on leave.

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The Accounting Technology Lab Podcast – Review Of AssurancePrep

Hosts Randy Johnston and Brian Tankersley, CPA, look at AssurancePrep, an outsourcing provider that specializes in audit talent but also has tax and client accounting skills.

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National Express CFO resigns following audit mishap

CFO resigns after audit issues and inaccurate reporting, leading to a 50% share drop and a focus on restructuring for future growth.

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