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

Employer.com Rescues Bench from Disaster

Just yesterday, we were talking about how Bench, the once hyped bookkeeping startup was closing its doors after months of angry customers and missed filings.

Well, Employer.com just swooped in to save the day, buying Bench and promising to fix the mess. It’s a wild twist in a story we thought was over.

Source: WJHL

💎 What’s poppin in accounting

Auditors Call Out SEC: "Fix These Broken Rules!"

Auditors are asking the SEC to stop using confusing rules about how companies share their money and management info. The problem? The rules are written in overly complicated language, making it hard for companies to know what’s required.

This leads to messy reports and leaves investors with bad or incomplete information. Auditors want the SEC to pause, simplify the rules, and make them easier to follow.

Source: bloombergtax

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 📊 Weekly Trend Chart

OpenAI’s Valuation Is Wild

OpenAI is now worth $157 billion, more than Zoom, Snap, Zillow, and six other major companies combined. The AI boom is real, but can OpenAI live up to the hype, or is this just another overvalued tech bet?

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