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Day: November 12, 2025

NYT Accounting News

FASB updates accounting for purchased loans as it faces funding threat

November 12, 2025
The Financial Accounting Standards Board aims to improving the accounting for purchased loans as it confronts a potential threat from House Republicans.
NYT Accounting News

Teachers don’t usually itemize — OBBBA could bring savings if they do

November 12, 2025
The higher standard deduction since 2017 has dramatically reduced itemization. But the new law provides incentive for teachers to consider whether that’s feasible.
NYT Accounting News

CBIZ releases tax planning guide

November 12, 2025
CBIZ has released its 2026 Tax Planning Guide, offering a resource to help businesses and individuals navigate the One Big Beautiful Bill Act.
NYT Accounting News

M&A roundup: Crete and Mercer expand

November 12, 2025
Crete Professionals Alliance added Acuity; and Mercer Advisors acquired Beach Freeman Lim & Cleland.
NYT Accounting News

Auditors confront era of ‘hypervolatility’

November 12, 2025
A new report finds internal audit professionals adjusting to flat and shrinking budgets and the encroachments of artificial intelligence.
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