Two Minnesota firms combine; Smith + Howard expands to Richmond; and more recent accounting mergers.
Day: December 18, 2024
Review confirms effectiveness of Private Company Council
The Financial Accounting Foundation’s review of the council, which works with FASB to support the interests of private companies in the standard-setting process, concluded that the council is serving its purpose.
SEC approves PCAOB’s 2025 budget
The Public Company Accounting Oversight Board’s 2025 budget totals $399.7 million, and the accounting support fee totals $374.9 million.
Platform adds Illinois and Indiana firms
The additions bring the total number of firms that have joined the Utah-based company this year to 12.
Major AI players back Basis with $34M
AI accounting platform Basis’ Series A funding round included former Treasury Secretary Larry Summers and officials from Google and OpenAI.
QuickBooks’ AI makeover, and other tech stories you may have missed
Plus, what Excel’s CoPilot can do, the best industrial ERP solutions, and more.
FASB proposal offers guidance on disclosure of environmental credits
The proposal aims to address gaps in guidance for financial accounting of environmental credits and environmental credit obligations.
BOI reporting deadline extension proposed in House budget bill
A vote could come as early as today on the continuing resolution, which would extend the reporting deadline by one year to Jan. 1, 2026.