Category: NYT Accounting News

The Internal Revenue Service had to hire over 2,000 employees after reducing its workforce last year by nearly a third, according to a new report.

The finance AI conversation has been dominated by capability. The next one is about governance, and most of the agents shipping in 2026 will not survive it.

Current IASB chair Andreas Barckow’s term ends on June 30, but his final successor isn’t expected to be installed until Oct. 1.

Deficiency rates in audits of broker-dealers declined in 2025, according to the Public Company Accounting Oversight Board — particularly for auditors that perform a large number of engagements.

Plus, Expensify, Ignition both announce new MCPs; Xero makes standard ACH free; and other news and updates from the accounting tech arena.

Accounting undergraduate enrollment grew 8.9% in spring 2026 year-over-year, continuing steady growth for the third consecutive year.

How AI will — and won’t — change public accounting.

Ultimate frisbee team; sham sale; abusive trust; and other highlights of recent tax cases.

The number of private tax-advantaged foundations and the amount of assets contained in them has reached nearly $2 trillion, even as the administration considers imposing new taxes.

The Top 20 Firm will receive an investment from private equity giant KKR, making it among the largest accounting firms to take PE money.