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Your Daily Accounting Briefing – 2024-09-09

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Let’s see what’s in the news today.

Circor Dodges SEC Fine As Ex-Exec Faces Falsified Docs Suit

The U.S. Securities and Exchange Commission on Thursday said industrial valve manufacturer Circor International Inc. has avoided a penalty after it self-reported and remediated an alleged accounting scheme, while the agency sued a former executive accused of falsifying the financial results for one of the company’s business units.

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Ministry of Finance Wants to Tighten Rules for Foreign Accounting Bodies Operating in China

Ministry seeks feedback on draft regulations to strengthen oversight of overseas accounting organizations

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Circor avoids fine after self-reporting accounting control …

Massachusetts-based technology company Circor International settled charges with the Securities and Exchange Commission regarding deficient internal accounting controls without paying a fine.

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Can GenAI transform tax teams? It all hinges on humans

he personal computer, the mobile phone, the internet. It’s rare that innovation becomes a barrier to progression, so why should Generative AI (GenAI) be any different?

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Stone Mountain City Council discusses switching accounting software

At its regular session on Sept. 3, the Stone Mountain City Council discussed changing from Cleargov to Questica.

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