Public Company Accounting Oversight Board officials are sounding a cautious note about the spread of artificial intelligence and private equity at audit firms.
Category: NYT Accounting News
Why AR is an undervalued strategic asset
Leading companies are reframing accounts receivable as a strategic driver of customer loyalty and capital performance.
Prosperity Partners expands to New York
The Chicago-based firm has acquired New York- based accounting firm Farkouh, Furman & Faccio.
SEC aims to renew global coordination of accounting, auditing standards
The Securities and Exchange Commission is planning to encourage greater cooperation between U.S. and international standard-setters.
Vertex and CPA.com bring AI to sales tax
In collaboration with Kintsugi, Vertex and CPA.com are giving accountants an AI solution for sales tax compliance.
Tax breaks ‘more certain than future returns’ for 529 plans, Morningstar says
Morningstar’s study of this growing area of asset management suggests that 529 plan quality is rising, despite the research firm’s lackluster grades for it.
PKF O’Connor Davies acquires Wolf Maryles
PKF O’Connor Davies, a Top 25 Firm based in New York, has added Wolf Maryles & Associates, also headquartered in Manhattan.
FASB releases standard for interim reporting
The accounting standards update aims to improve the navigability of interim reporting disclosures while clarifying when that guidance should be applicable.
Rich New Yorkers Threaten to Leave. Then They Find Out How Hard That Is.
Tax accountants and lawyers detail the arduous process wealthy New Yorkers would have to face to avoid paying New York State and city taxes.
Audit teams benefit from having more women
Audit teams with a greater number of women provide higher-quality audits at a lower cost, according to new research.