The Auditing Standards Board will be proposing a set of updates to its attestation standards to address sustainability information and other assurance issues.
Category: NYT Accounting News
Mutual funds are 25% unrealized capital gains, study suggests
None of the findings in a new working academic paper will likely surprise financial advisors. But they could provide some helpful data for conversations with investors.
Democrats blast Trump’s $10B lawsuit vs. IRS
Senators Ron Wyden and Elizabeth Warren want to know if the DOJ plans to defend the IRS against Trump’s $10 billion lawsuit over the leak of his tax returns.
PCAOB names common broker-dealer audit deficiencies
The Public Company Accounting Oversight Board posted a staff report on testing transactions between broker-dealers and related parties.
The rise of the ‘peanut butter raise’
Whether accounting firms spread raises evenly or distribute them poorly, they’re still making choices. And those choices have consequences.
Private sector added 22K jobs in January
The professional and business services sector, which includes accounting and tax, lost 57,000 jobs last month, the largest loss since August 2024, ADP reported.
Small business jobs and wages held steady in January
Small business job growth and wage growth last month largely followed the same pattern as late last year, payroll company Paychex reported.
IRS proposes rules for clean fuel production tax credit
The Internal Revenue Service and the Treasury released proposed regulations on the clean fuel production credit under the One Big Beautiful Bill Act.
Real-time automation helps firms tame infrastructure costs
In accounting and financial services, the ability to scale infrastructure efficiently isn’t just a technology concern, it’s a business imperative.
Doeren Mayhew acquires 1RDG
Doeren Mayhew acquired Rochester, New York-based advisory firm 1RDG, marking its entrance into the New York market.