Ex-CFO for 'Housewives' star guilty of embezzlement
Plus: KPMG on credit hours | EY scrutinized after death in India
The ex-CFO of 'Housewives of Beverly Hills' star Tom Girardi's law firm has pleaded guilty to stealing money from the firm and clients, and now faces jail time. Christopher Kazuo Kamon skimmed millions to fund private projects, pay debts and shuffled money to pay client settlements for years.
In Today's Newsletter:
⚫ RSM merges
⚫ EY faces scrutiny in India
⚫ KPMG weighs in on credit hours
A merger of equals? RSM US to merge with RSM UK
RSM US and RSM UK have announced their intention to form a partner-owned multinational organization focused on providing high-quality, globally integrated services for middle-market clients. The companies stated that this merger would substantially expand the multinational platform originally established by the U.S. and Canada, with the creation of RSM Canada in 2017. This expansion aims to address the increasing demands of global middle market businesses while also building upon RSM UK's growth following its merger with RSM Ireland in 2023. (Going Concern)
The death of 26-year-old EY Pune accountant Anna Sebastian Perayil has sparked public outrage and a government investigation into the company’s work culture. Perayil died in July 2024, and her mother claims severe work stress led to her untimely death, accusing Ernst & Young of fostering a toxic environment with excessive hours and disregard for employee well-being. The incident has spotlighted the mental health impact of high-pressure corporate jobs and raised questions about how companies prioritize their employees' welfare. Listen to more on this story in the latest episode of The Accounting Podcast. Listen here.
45%
Number of households predicted to run short of money in retirement (CNBC)
- Warren, Whitehouse criticize audit quality oversight
- Numeric raises $28M in series A funding for AI-powered accounting
- Intuit CFO: Accounting role evolves beyond traditional boundaries
- KPMG supports new CPA licensure path
- Carbon accounting lessons from Afghanistan pilot program
9021-uh oh: Girardi Keese ex-CFO guilty of fraud
The former longtime head of the accounting department at Girardi Keese, a now-shuttered Los Angeles plaintiffs' personal injury law firm, pleaded guilty to fraud. Christopher Kazuo Kamon admitted to enabling the embezzlement of tens of millions of dollars from the firm's injured clients and to embezzling money from Girardi Keese itself. Tom Girardi, who is the estranged husband of 'Real Housewives of Beverly Hills' star Erika Jayne, was disbarred and also found guilty of embezzlement in August. (lawfuel.com / LA Magazine)
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