The Financial Accounting Standards Board issued a proposed accounting standards update to request public comments on possible changes to two of its standards.
Category: NYT Accounting News
How modern CPA firms are leaving the old partnership model behind
The CPA industry is undergoing profound change, reshaping the landscape of professional services.
Retention risks may lie in the middle ranks
Preliminary results of a recent survey suggest that the location — and sources — of dissatisfaction in accounting firms may be surprising.
In the blogs: Knowing the lingo
AitM; IRS strategies after Chevron; the taxman’s jackpot; and other highlights from our favorite tax bloggers.
PCAOB explores generative AI
The Public Company Accounting Oversight Board has released the result of initial outreach efforts regarding auditors and generative AI.
Going concerns decrease 31% over 20 years
Going concern opinions have slowly decreased over the last two decades, with the exception of spikes during the 2008 financial crisis and the years of the COVID-19 pandemic.
Talent evolution: From years-on-job to agility in action
The landscape of talent acquisition is rapidly shifting due to intense competition for top talent and the rise of the gig economy.
How Kamala Harris may shift the crucial tax debate in this year’s election
While she has promoted the Biden administration’s policies, she has campaigned on ideas that are more far-reaching in scope than the president’s plans.
Firms face growing threat of social engineering
Social engineering raises some serious questions about data protection and compliance of accounting firms.
Checkpoint Edge released with AI-Assisted Research feature
Thomson Reuters announced the general release of Checkpoint Edge with CoCouncil, now sporting an AI-Assisted Research feature for tax research as well.