accountants News

Accounting Firm Cuts Ties With Trump, Says Financial Statements Are Unreliable

The accounting firm that prepared former President Donald Trump’s annual financial statements says the documents, used to secure lucrative loans and burnish Trump’s image as a wealthy businessman, “should no longer be relied upon” after New York’s attorney general said …

CAMICO, Berkley Design Offer Program for CPAs

San Mateo, Calif.-based CAMICO, the provider of insurance for the accounting profession, and Berkley Design Professional Underwriters (BDP), a W. R. Berkley company, have forged a new program to serve CPA firms nationally. The CAMICO-BDP program will help protect CPA …

General Star Expands Accountants Program into Pennsylvania

General Star Management Co. has expanded its admitted accountants professional liability program into Pennsylvania. Pearl Insurance, headquartered in Peoria, Ill., has served as the exclusive program manager for the General Star facility in 28 other states and now adds Pennsylvania. …

General Star Enhances Accountants Professional Liability Program

General Star Management Co. has made a series of revisions to the policy for its accountants professional liability program. Available exclusively via program administrator Pearl Insurance, the product is currently available in 28 states. The coverage is written on an …

General Star Teams up with Pearl for Accountants Program

General Star Management Co. will begin offering a new accountants professional liability program through Pearl Insurance effective Jan. 28. The program will be written on an admitted basis in 28 states with additional states anticipated in the future. Limits will …

In Abrupt Turnaround, Olympus Admits It Hid Losses for Decades

Japan’s Olympus admitted on Tuesday it had hidden losses on securities investments dating back to the 1980s, succumbing to weeks of pressure to explain a series of baffling transactions that have put the future of the firm in doubt. The …