Auditor

Canada's forestry sector is responsible for far more greenhouse gas emissions than show up in official tallies, potentially leading to policies that aren't in line with the country's climate goals, a new study suggests.The peer-reviewed study, published in the academic journal Frontiers in Forests and Global Change, found that annual greenhouse gas emissions attributable to forestry between 2005 and 2021 were, on average, nearly 91 million tonnes of carbon dioxide equivalent — which would put the sector on par with…

Fantasy sports platform Dream11 reported a 32% increase in net profit and a 66% jump in operating revenue for fiscal 2023, show its regulatory filings.The company, which is facing a tax demand for more than Rs 28,000 crore from the GST authorities, posted a profit of Rs 188 crore on revenue of Rs 6,384 crore for the year ended March 31, 2023, according to the filings sourced from Tofler.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM KozhikodeIIMK Advanced Data Science For…

Review errors, unreliable data and poor oversight in Denver’s planning department exacerbated permit delays for home construction projects and renovations as wait times grew significantly during and after the pandemic, a new city audit says. Between 2020 and the first part of 2023, average wait times for residential project permits grew by 75%, or 113 days, according to the report, released Thursday. Auditors identified a lack of clear training processes and a need for better data collection as key factors contributing to…

Jan. 11, 2024 11:00 pm ETListen to article(2 minutes)MILAN—When Gucci’s flagship store here reopened last month, the space was missing the baroque flourishes and jewel-toned colors that have defined the brand in recent years. Instead the look is decidedly less maximalist—all clean lines and understated tones.Copyright ©2024Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Jan. 11, 2024 11:00 pm ETListen to article(2 minutes)MILAN—When Gucci’s flagship store here reopened last month,…

Mohandas Pai, an early investor in Indian edtech giant Byju's, said on Friday the company has not paid enough attention to governance, a day after its auditor and three prominent board members resigned.Byju's and its CEO Byju Raveendran did not immediately respond to requests for comment. Deloitte disclosed on Thursday that it was resigning as auditor because Byju's had delayed providing financial statements for 2021-22. The same day, board members representing Peak XV Partners, earlier known as Sequoia Capital India,…

Food and grocery delivery platform Zomato said on Saturday that the statutory auditor of its business-to-business (B2B) supplies vertical Hyperpure has resigned. BB & Associates, which was appointed as the auditor for Hyperpure in July 2021 for a period of five years, has completed the audit of the Zomato subsidiary for 2022-23 (April-March).In a letter to the board of directors of Zomato Hyperpure Pvt Ltd, BB & Associates wrote: “Further to our various discussions with the management of Zomato Limited, holding…

Senate Finance Committee Chairman Ron Wyden, D-Ore., questions IRS Commissioner Charles Rettig at a Senate Finance Committee hearing.Tom Williams | Pool | ReutersPresident Joe Biden's nominee to lead the IRS answered questions during a Senate Finance Committee hearing this week, highlighting key issues from lawmakers on both sides of the aisle.Daniel Werfel, a former budget official and private sector leader, fielded questions Wednesday about the agency's funding, enforcement, transparency and other priorities.  "I think…

dmphoto | E+ | Getty ImagesTax season is underway, and there's been increased scrutiny of the IRS as it starts deploying part of the nearly $80 billion in funding approved for the agency by Congress in August. While Treasury Secretary Janet Yellen has said goals include boosting customer service and improving technology, critics have warned the new funding will spark an uptick in IRS audits. "People are scared to death of the IRS," said Karla Dennis, an enrolled agent and founder of Karla Dennis and Associates. "They…

Jeffrey Coolidge | Photodisc | Getty ImagesBlack Americans are roughly three to five times more likely to face an IRS audit than other taxpayers, according to a new study.While there isn't evidence of explicit discrimination from the IRS or its revenue agents, the findings show the disparity stems from a faulty software algorithm used by the agency to pick who gets audited.Based on microdata on roughly 148 million tax returns and 780,000 audits, the study was conducted by economists at Stanford University, the University…

Jeffrey Coolidge | Photodisc | Getty ImagesAs the Democrats' spending plan moves closer to a House vote, one of the more controversial provisions — nearly $80 billion in IRS funding, with $45.6 billion for "enforcement" — has raised questions about who the agency may target for audits.IRS Commissioner Charles Rettig said these resources are "absolutely not about increasing audit scrutiny on small businesses or middle-income Americans," in a recent letter to the Senate.However, with the investment projected to bring in…