The Public Company Accounting Oversight Board proposed changes in an auditing standard for providing comfort letters to underwriters providing capital to companies.
Category: NYT Accounting News
Eide Bailly grows in Texas
Top 25 Firm Eide Bailly adds Fort Worth-based Regional Leader JTaylor.
BDO CEO sees no need for private equity as it consolidates units
BDO’s strategy of merging member firms into larger groups means it doesn’t need to take private equity investment to grow, said the network’s new global head, Trond-Morten Lindberg, as more accounting and consulting services lean on external funding.
Private credit’s tax hangover is giving investors buyer’s remorse
While private credit and other alts can offer high returns, advisors should know about the logistics involved, which could lead to tax headaches for clients.
FASB proposes to improve indexation guidance
The update would help determine whether equity-linked contracts, such as warrants, are indexed to an entity’s own stock and potentially classified as equity.
Levvy announces MCP connectors, workflow support
Levvy announced the availability of new AI features and capacities for firm efficiency and revenue opportunities, intended to address much of the ad hoc administrative work that tends to eat into professionals’ time.
The AI tool your firm needs to navigate accounting’s future
The AICPA’s Rise Navigator offers a kind of GPS for accountants as they travel into the future.
Pathways to Growth: Tough talk from a winning coach
Gale Crosley maps the major change accounting firms need to make with CPA Coach Doug Slaybaugh.
Tech news: Sorren launches new Digital Advisory Practice
Plus, WM Synergy debuts new AI Business Unit; Wolters Kluwer releases tax planning, prep, audit assistance for CCH; and other accounting tech news.
DOJ faults judge who bashed Trump’s IRS lawsuit, settlement
The Department of Justice said U.S. District Judge Kathleen Williams’ decision was “riddled” with errors.