The Friday 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

SC Auditor Steps Down After $1.8B Mess

Remember that $1.8 billion accounting screw-up in South Carolina we talked about? Well, it just claimed its first big name. The state auditor resigned after investigators found the state had double counted funds, making it look like they had a huge surplus when they didn’t.

Now lawmakers are left scrambling to patch the budget hole, and public trust is in free fall. One thing’s for sure, this isn’t the last we’ll hear about this mess.

Source: SC Daily Gazette

💎 What’s poppin in accounting

Corporate Transparency Act Is Back

The Supreme Court just gave the Corporate Transparency Act (CTA) the green light. Now, small businesses have to report their actual owners to a federal database. The goal? Crack down on money laundering and fraud.

Some are calling it a win for accountability, while others say it’s just more hoops for small businesses to jump through. For accountants, it’s time to get ready for the extra compliance work.

Source: Washington Post

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 📊 Weekly Trend Chart

Hawaiian Airlines Doesn’t Ghost You

Hawaiian Airlines just earned the title of America’s least-delayed airline, with the lowest rate of delays among all major carriers. While other airlines struggle with cancellations and late flights, Hawaiian is setting the gold standard for reliability.

The reason? Their smaller network and focus on inter-island and Pacific routes give them an edge. For travelers tired of sitting in terminals, Hawaiian might be the new go-to.

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