The Tuesday Lowdown ⬇️

If you're new around here, every day I share the 4-5 best accounting insights I saw in the past 24 hours.

I scroll. so you don't have to.

💎 WTF of the Day

B&M Pulled a $9 Million Accounting Oopsie

UK discount chain B&M admitted it forgot to record about £7 million ($9.4M) in overseas shipping costs after a system update. The mistake means profits were overstated and its 2026 outlook had to be cut. Shares dropped 23%, and CFO Mike Schmidt resigned while the company brings in outside auditors to review what went wrong.

New CEO Tjeerd Jegen, who just launched a “Back to Basics” turnaround plan, now has an even bigger mess to clean up.

💎 What’s poppin in accounting

CPA Firm Pays Up After Data Breach Mess

Albany-based Wojeski & Co. was hit with two ransomware attacks that exposed the personal data of nearly 5,900 people and then waited over a year to tell anyone. New York Attorney General Letitia James fined the firm $60,000 for dragging its feet and failing to protect client information like Social Security numbers and financial data.

The firm blamed a phishing email and a careless outside contractor for the breaches. Now it has to strengthen security, encrypt data, train employees, and report breaches faster. Victims will get a year of free credit monitoring.

 📊 Weekly Trend Chart

MrBeast Might Be Starting a Bank

YouTube’s biggest star, MrBeast, just filed a trademark for “MrBeast Financial.” The plan? A mobile app offering banking, crypto exchange, and financial advisory services. Basically, the guy who gives away millions might soon take deposits too.

Leaked investor decks show he’s eyeing student loans, credit tools, and insurance aimed at his young fanbase, all wrapped in his signature over-the-top style. With nearly 100 billion total views and billions more each month, MrBeast could turn his audience into customers.

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