Super Micro Computer has named BDO USA as its auditor, and has also submitted a plan to Nasdaq requesting additional time to regain compliance with the listing rules. The move came a day after Hindenburg Research disclosed a short position and alleged “accounting manipulation”. In the compliance plan, the AI server maker said it will…

Paul Grewal, chief legal officer at Coinbase, has called for Donald Trump to sack Gary Gensler, chairman of the Securities and Exchange Commission (SEC). He argues that Mr Gensler “has led a regulation-by-enforcement campaign against the industry that has been destructive of investor protections and destructive of innovation in ways that we think need to…

In a decisive move, the City Council unanimously voted 50-0 to reject Mayor Brandon Johnson’s proposed $300m property tax increase, signaling a shift in political power. Ald. Marty Quinn remarked, “This is a defeat of epic proportions,” highlighting the growing independence of the Council. The vote came amid negotiations to find alternative revenue sources, including…

The U.S. budget deficit widened further during October, the first month of fiscal 2025, due in large part to higher spending on health and defense. The Treasury Department said that the deficit rose 287% to $257bn. Federal receipts for October were down 19% to $327bn compared with October 2023, while outlays were up 24%, or…

Roger Ver, dubbed the “Bitcoin Jesus” by supporters, is awaiting a Spanish judge’s decision on whether he must be extradited to America to face charges of evading more than $48m in taxes for selling $240m in tokens. The U.S. expatriate was arrested in Barcelona in April, and is now living in Mallorca after being released…

In the evolving landscape of accounting and technology, there are valuable lessons that tech vendors can learn from CPAs, in three key areas: camaraderie and knowledge sharing, integration with local communities, and a cautious approach to innovation. CPAs exemplify collaboration, as seen at events like the ITA Collective, where competitors share insights, embodying the belief…