Amanda Iacone

Journalist covering the world of audit, accounting and financial reporting for Bloomberg @Tax & Accounting.

[Enxhi Myslymi @emyslymi]

Sustainability regulations are coming, with SEC finalizing US carbon disclosure rules next. Accenture's chief accounting officer and corporate controller Melissa Burgum talks with @Aiacone on how we're preparing. @tax

https://t.co/6ZvWc8uMUB

[Jeffrey Johanns @JohannsAudit]

Nice highlights summary from @Aiacone of the financial statement impacts of @SECGov Final climate-disclosure rules issued today.

https://t.co/8xg0bH8Ie9

[Amanda Iacone @Aiacone]

ICYMI: #Crypto accounting guidance the #SEC released last year, aka the SAB heard around the world, is subject to congressional review, according to a federal agency watchdog. But the GAO verdict may do little to dislodge the #accounting guidance.
https://t.co/lLNdjMGAEC

[Amanda Iacone @Aiacone]

SEC says it'll pursue enforcement cases in federal court while a Supreme Court challenge to its in-house judges plays out. “We need to hold folks accountable now.” More from @nicola_m_white
https://t.co/G5GMIKxJHy

[Naomi Jagoda @njagoda]

What do two current high-profile trials have in common? They feature accountants as key witnesses.

This week's Talking Tax podcast features an interview, conducted by @Aiacone, about the role accountants are playing in the Trump and FTX trials. https://t.co/h5zWGoHFHF

[Nicola M. White @nicola_m_white]

Accounting is 🔥 at two high-profile fraud trials for former president Donald Trump and for FTX founder Sam Bankman Fried. Hear all about the role of accountants as witnesses, experts, or fraudsters themselves in this great podcast from @Aiacone.

https://t.co/8uIlfIXgV0

[Amanda Iacone @Aiacone]

And check out here story from earlier this week about the lack of flags in its prior filing.
https://t.co/vU8Fl6VYtn

[Amanda Iacone @Aiacone]

Rite Aid issued its going concern warning to investors that it might not survive the coming year just days after filing for bankruptcy. Great reporting from @nicola_m_white
https://t.co/5qXaIt4Drc

[Amanda Iacone @Aiacone]

As bankruptcies rise, will going concern warnings climb too. #Accounting #audit

[Genevieve Roch-Decter, CFA @GRDecter]

Good Morning Everyone! Rite Aid has filed for bankruptcy with $4 billion debt load and soaring interest costs.

After years of cheap debt – some of America’s best-known brands are going bankrupt.

Bed Bath & Beyond, VICE, Party City, Pyrex, etc

Companies are filing for bankruptcy at the fastest pace since 2020.

Total distressed debt in the U.S. has surged to +$242 billion, up 400% since 2021.

More trouble ahead – stores will be closed, jobs will be lost.

[Amanda Iacone @Aiacone]

Investors press oversight board for more details from auditors to help them interpret corporate accounts and they've got a list of ideas to prompt more robust disclosures. #audit #accounting
https://t.co/xxMTGorbqU

[Amanda Iacone @Aiacone]

Our past coverage of Mazar's disavowal of a decade’s worth of Trump Organization financial statements: https://t.co/Lg9tmEDWzY

[Amanda Iacone @Aiacone]

Trump's accountant tells court he was missing documents related to asset valuations and wouldn’t have signed off on the organization’s financial statements had he known. #accounting #audit More from our BN colleagues here:
https://t.co/TNX5CTh4Hz

[Nicola M. White @nicola_m_white]

Two audit firms reaped millions during the SPAC boom. As their revenues soared, so did workload. Missed deadlines and pervasive errors mounted as overloaded partners churned out audit after audit, a Bloomberg Tax analysis found. With @Aiacone @Meltzer__
https://t.co/E8rQ9iewCb

[Amanda Iacone @Aiacone]

SEC taps the PCAOB's director of inspections George Botic to fill the #audit board seat soon to be vacated by Duane DesParte #CPA
https://t.co/OESs8OI0bD

[Surgent Accounting & Financial Education @SurgentAFE]

Our @profjackc recently spoke with @tax's @aiacone about barriers to entry impacting the #CPApipeline -- like the 150-hour rule -- and other factors causing a decline in students pursuing a career in #accounting. Learn more about their conversation here: https://t.co/0C6OT9hEsq

[D.C. United @dcunited]

La Camis(et)a Negra... y roja 🦅🇨🇴

[Nicola M. White @nicola_m_white]

The phonebook-sized plan from US bank regulators forcing banks to boost their capital buffers doesn’t touch a key reason that led to the demise of SVB: deep losses in the bank’s stash of long-term assets.

Team work with the awesome @reporterev.

https://t.co/oJNjVA7li4

[Nicola M. White @nicola_m_white]

The former auditor of the US arm of collapse crypto exchange FTX is quitting the audits of public companies, filings show.

https://t.co/OSF8yhs7Rg

[Amanda Iacone @Aiacone]

Forvis, the 9th-largest US accounting firm, is aggressively growing while its larger competitors have been cutting jobs. CEO Tom Watson: “We have just scratched the surface of our potential as a Top 10 firm.” More:
https://t.co/ZtI7NpyAUi