The tax-writing House Ways and Means Committee held a hearing to consider and pass seven bills related to tax administration and the Internal Revenue Service.
Day: July 1, 2026
AI and the new age of fraud
Your accounting firm’s clients are counting on you to understand fraud risk in the Age of AI.
FASB proposes changes in investment company reporting
The Financial Accounting Standards Board wants to amend how investment companies measure the fair value of a security subject to a contractual sale restriction.
AI is creating a new class of tax liability
Accountants are no longer just educating clients about tax law, but actively dismantling AI-generated fiction before it turns into audit-triggering liability.
CLA acquires Perkins & Co.
The Top 20 Firm acquired Regional Leader Perkins & Co., expanding its Pacific Northwest presence.