High CFO turnover for retailers a sign of the times
The rapid turnover is a symptom of the quickly changing retail industry, as shifting consumer behavior demands new strategies from companies trying to keep up.
Accounting
Articles
Woman gets almost 4 years in prison for $5.5M embezzlement scheme
A federal judge sentenced an Indianapolis financial executive to 46 months in prison after she pleaded guilty to charges related to stealing money from her former employer.
Anderson man, 64, to plead guilty in identity fraud scheme
An Anderson man is expected to plead guilty to using false identities to obtain fraudulent tax refunds totaling about $238,000 over three years.
Former Carrier accounting manager lands in prison
A former accounting manager at Carrier Corp. in Indianapolis has been sentenced to federal prison for embezzling more than $1.2 million from the company, U.S. Attorney Josh Minkler announced Wednesday.
Indiana tax preparer pleads guilty to $1.5M in fraud
A local tax-preparation business owner has pleaded guilty to instructing his employees to prepare more than 2,300 false client tax returns worth $1.5 million.
Acquisition bug bites two Indy accounting firms
Two Indianapolis-area accounting firms are fusing with Cincinnati-based firms in the coming weeks, deals that participants said are just a sampling of the sizzling merger-and-acquisition activity across the industry.
Katz Sapper to add Fort Wayne accounting firm
Fort Wayne-based Krouse Kern & Co. will merge with Indianapolis-based Katz Sapper & Miller LLP on Dec. 1, the companies announced Monday.
Indiana Bureau of Motor Vehicles replaces financial official
A private-sector accountant has been hired by the Indiana Bureau of Motor Vehicles to serve as its new chief financial officer.
Former mayor Goldsmith joins new consulting practice at BKD
Former Indianapolis Mayor Steve Goldsmith has been hired by national accounting powerhouse BKD LLP to lead a new public sector consulting practice, the firm announced Wednesday.
Local accountant charged with $1.1 million fraud
Ryan M. King, 43, faces up to 20 years if convicted, according to the U.S. Attorney’s office, which announced the charges Tuesday.
Big Boy owner says exec embezzled much more than estimated
Frisch’s Restaurants Inc. sued former Assistant Treasurer Michael Hudson in January, alleging that he forged payroll documents and falsified accounting entries, then diverted company funds into personal accounts over several years.
Major credit agencies agree to changes sought by advocates
The three largest credit-reporting agencies say they will change how they handle records, including making the dispute process easier for consumers and providing a waiting period before medical debts are reported.
Ex-county auditor accused of stealing funds sued by state
Indiana Attorney General Greg Zoeller has sued a former county auditor accused by officials of stealing nearly $350,000 in public funds to spend on personal items.
IRS cuts taxpayer services as filing returns gets harder
The Internal Revenue Service is reducing taxpayer services to historically low levels just as President Barack Obama's health law will make filing a federal tax return more complicated for millions of families.
State examiner wants higher Indiana audit fees
State Examiner Paul Joyce is pressing Indiana lawmakers to increase the daily fee for state audits, warning that his office needs more staffing to properly scout local government entities for fraud.
Home once occupied by Army brass now houses local movers, shakers
Former officers quarters at Fort Benjamin Harrison transformed into home for Pence lieutenant, CIB chief
Indiana cuts some public audits over shortages
The State Board of Accounts no longer is auditing the financial records of Indiana libraries, conservancy districts, some public school accounts, and small towns and townships, its leader says.
BKD gets bigger with Chicago, Dallas acquisitions
National accounting powerhouse BKD LLP, which has major operations in Indianapolis, is expanding its territory with two acquisitions announced this week.
Accounting firm adding 100 jobs in South Bend
Chicago-based Crowe Horwath said the additional jobs stem from growth in its audit and tax practices.
Indiana blocks $78 million in wrongful tax refunds
The state Department of Revenue says a special investigations unit discovered more than 39,000 returns relying on identity theft to falsely claim $39 million.