Your Daily Accounting Briefing - 2024-09-03

Let’s see what’s in the news today.

Kallebäck Property Invest’s (STO:KAPIAB) Conservative Accounting Might Explain Soft Earnings

The market for Kallebäck Property Invest AB (publ)’s ( STO:KAPIAB ) shares didn’t move much after it posted weak…

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UK regulators launch consultation on the future of digital financial reporting

The Financial Reporting Council (FRC) and other UK regulators have launched a wide-ranging consultation on the future of digital financial reporting in the country, signaling potential significant changes to how companies submit financial information. The discussion paper, released on August 13, 2024, addresses key developments in the regulatory landscape following the UK’s exit from the […]

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CT accountant admits to filing false tax returns, agrees to pay back almost $500K to IRS

A Connecticut accountant has pleaded guilty to filing false tax returns after failing to report over $1.4 million in business income.

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U.S. Navy Shipbuilder Austal USA Agrees to Pay $24 Million to Settle Accounting Fraud Probe

Austal USA, an Alabama-based shipbuilder that makes vessels for the U.S. Navy, has admitted wrongdoing and agreed to pay a $24 million fine to settle an accounting fraud investigation, the U.S. Department of Justice announced Tuesday.

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