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Day: May 1, 2026

NYT Accounting News

Ascend acquires Jackson Thornton

May 1, 2026
The Top 25 Firm today acquired Jackson Thornton, a Gulf Coast Regional Leader.
NYT Accounting News

FASAB proposes expedient for embedded leases

May 1, 2026
The Federal Accounting Standards Advisory Board exposure draft offers a practical expedient for reporting on embedded leases in federal government contracts.
NYT Accounting News

Lawmaker introduces bill to expand EITC

May 1, 2026
Rep. Kristen McDonald Rivet, introduced the Working Parents Tax Relief Act, which would give parents up to an additional $5,500 per child under the age of four.
NYT Accounting News

IIA urges better oversight of prediction markets

May 1, 2026
The Institute of Internal Auditors is calling on lawmakers and policymakers to strengthen their oversight of prediction markets such as Kalshi and Polymarket.
NYT Accounting News

Maryland signs alternative pathway bill into law

May 1, 2026
The law, effective Oct. 1, 2026, will create a third pathway that allows candidates to earn their CPA license with a bachelor’s degree, two years of experience and passing the CPA exam.
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