The IRS and its Criminal Investigation division partnered with U.S. Attorneys’ Offices around the country and uncovered more than $490 million in tax fraud.
Category: NYT Accounting News
AICPA releases practice guide for auditors dealing with AI
The practice guide explains how audit standards apply to the use of AI for entities using it for financial statements and practitioners using it during the audit.
How AI assistants could send potential clients to another firm
Plenty of firms’ websites describe the services they provide in language that could belong to any practice in the country.
IRS proposes rules limiting Obamacare tax credits
Proposed regulations restrict eligibility for Premium Tax Credits for health insurance to U.S. citizens, U.S. nationals and some lawfully present noncitizens.
CRI expands in Southwest Florida
The Top 25 Firm acquired Stroemer & Company, a firm based in Fort Myers, Florida, specializing in community associations.
IFAC debuts Client Classification Tool
The International Federation of Accountants introduced a Client Classification Tool for small and medium-sized accounting practices.
Whitman gives firms 12-month roadmap to growth
Whitman Advisory launched a system that helps firms grow by giving them a 12-month roadmap and a strategic advisor.
Group unveils nature metrics and indicators
The Nature Positive Initiative introduced the State of Nature Indicators and Metrics, a minimum set of indicators for measuring changes in the state of nature.
Larson Gross expands CAS abilities with ScaleUp acquisition
The Regional Firm acquired ScaleUp Financial Solutions, expanding its advisory and consulting capabilities.
CohnReznick acquires Aldrich
The Top 25 Firm acquired Top 75 Firm Aldrich, adding over $108 million in revenue, in a deal expected to close in mid-December.