The average audit fee increased to $3.01 million from 2022 to 2023, up from $2.83 million in the previous cycle, according to a new report.
Category: NYT Accounting News
CFOs have the worst job security in the C-suite
Chief financial officers continue to experience a downward decline in tenure and the lowest level of job security in the C-suite, according to a new study.
Chicago nixes property-tax hike
Mayor Brandon Johnson is reversing his plan to raise property taxes by offering to use some bond refinancing savings and defer a loan repayment.
Ascend adds Walter Shuffain
Private-equity backed firm Ascend has added Walter Shuffain to expand its footprint in the Boston market.
IIA and ACCA extend pact
The Institute of Internal Auditors and the Association of Chartered Certified Accountants have renewed their memorandum of understanding for another three years.
AICPA releases valuation guide for business combinations
The American Institute of CPAs has published a new guide with information on best practices for the accounting and valuation of business combinations such as mergers and acquisitions.
IRS, Treasury release final rules for Investment Tax Credit for energy
The Inflation Reduction Act extended the tax incentives for clean energy development project developers, and the new rules add more clarity.
Stop trying to engage your employees
Equip employees to self-engage.
On the move: INCPAS bestows annual awards
GRI appoints new CEO; Tennessee Society of CPAs celebrates Accounting Opportunities Month; and more from across the profession.
Death to AR
Professionals should never be bill collectors.