Dubai’s Wafeq raises $7.5 million Series A to grow its accounting SaaS for SMEs

Dubai-based accounting software startup Wafeq has raised $7.5 million in a Series A funding round, it announced today. The round was led by London-based 9900 Capital, with participation from Gary Turner, the former CEO of Xero’s EMEA operations, and …

Climate accounting body proposes inaugural standard for Scope 4 emissions

Up until 28 February 2025, the Partnership for Carbon Accounting Financials (PCAF) will be consulting on its inaugural guidance to expand avoided emissions reporting to all asset classes, beyond renewable power projects which such reporting was previously …

Recalibration Is Key for Accounting Profession

Art Kuesel is President at Kuesel Consulting, kueselconsulting.com, in Fox Point, Wisc. He offers a unique and valuable perspective to his clients that’s been shaped by internal roles in business development, marketing, and people development at two …

The SEC is concerned about private equity in accounting firms. Here’s why

A wave of midsize accounting firms has been welcoming private equity into their bloodstream. For the top accountant at the Securities and Exchange Commission, the deals present a number of risks, The Wall Street Journal reports.  Several midsize audit and …

Hot streak! Raleigh accounting firm acquires Boston group

Geological Net Zero and the need for disaggregated accounting for carbon sinks

Achieving net zero global emissions of carbon dioxide (CO2), with declining emissions of other greenhouse gases, is widely expected to halt global warming. CO2 emissions will continue to drive warming until fully balanced by active anthropogenic CO2 …

Remarks Before The 2024 AICPA & CIMA Conference On Current SEC And PCAOB Developments: Accounting Matters, Paul Munter, ...

Thank you to the AICPA for inviting me to speak with you today.[1] In my role as the SEC’s Chief Accountant, I get to see first-hand the collective efforts put forth by the accounting profession towards the goal of ensuring that our financial markets …

Bosch's global millimeter-wave radar shipments top 100 million units, with China accounting for over 30 million units

Shanghai (Gasgoo)- Bosch announced on December 9 via one of its official WeChat accounts that its cumulative global shipments of millimeter-wave radar have exceeded 100 million units, with over 30 million contributed by the Chinese market. Bosch introduced …

Redefining accounting: Attracting and including Gen Z talent today

Zoya Malik, International Accounting Bulletin Editor-in-Chief, asked female accounting leaders for their views on how to encourage Gen Z entrants into the profession, the skills they will bring, and how organisations need to adapt their culture to attract, …

AI is seen playing a growing role in the accounting sector

A new global survey from Deloitte’s Centre for Controllership and the Institute of Management Accountants (IMA) has underscored the increasing importance of artificial intelligence (AI) in shaping the future of the controllership function among financial …