Plus, the PCAOB’s chief auditor departs; and other firm and personnel news from across the profession.
Category: NYT Accounting News
FASAB offers guidance on implementing federal MD&A
The Federal Accounting Standards Advisory Board issued staff implementation guidance implementing its Management Discussion and Analysis standard from 2024.
Tax Fraud Blotter: At death’s door
Lulling tactics; up to 152 years in prison; big-ticket items; and other highlights of recent tax cases.
Tech news: Deloitte announces unified agentic intelligence network
Plus, BlackLine announces AI governance console for CFOs; Sage X3 enhancements focus on manufacturers and distributors; and other accounting tech news.
IRS gives tax-exempt groups closer scrutiny
Internal Revenue Service officials are working to increase compliance of tax-exempt groups as well as for-profit businesses with the help of whistleblowers.
PCAOB sets up firm consultation process
The Public Company Accounting Oversight Board today established a firm consultation process to help provide firms with more timely and consistent guidance.
IMA favors AI use over abuse
The Institute of Management Accountants discussed the pros and cons of artificial intelligence with officials, including the new leader of the PCAOB.
Trump accounts: A major advisory opportunity
For practitioners willing to learn the rules, Trump accounts are the best client acquisition and retention opportunity we’ve had in a decade.
Carr, Riggs & Ingram expands in Texas
The Top 25 Firm acquired Conroe, Texas-based firm Crowl, Cameron & Associates, expanding its presence to 20 offices and across 18 cities in the state.
CFOs souring on economy, but not their companies
Chief financial officers are going negative on the economy, but more upbeat about their own businesses’ prospects, according to a Deloitte survey.