The Associated Press reports that Tamerlan Tsarnaev, the 26-year-old bombing suspect who was killed overnight, studied accounting part-time at Bunker Hill Community College in Charlestown. He only went for three semesters — fall 2006, spring 2007, and fall 2008 — and dropped out as he became more religious, according to the Wall Street Journal. He wasn't a drinker, so I'm sure he wouldn't have fit in but still, if he had finished his studies, his uncle probably wouldn't have thought he was such a loser. [AP, WSJ, DI, Bloomberg]
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Last week, CPA Practice Advisor shared remarks made by AICPA CEO Barry Melancon at this year’s ENGAGE conference and … uh. Let’s just get straight into it. That resiliency will be needed going forward, with more changes to come from technological disruption, expanded categories of non-financial reporting, and the rapid evolution of new service lines […]
The future of auditing: why plans to sharpen up the industry could actually make it worse [The Conversation] To rebuild trust, the UK government is proposing 150 reforms in a weighty consultation that closed recently. Building on three recent independent reviews into the profession, the FRC is to be replaced by a new body called […]