Accounting Today

JULY 16, 2025

EDT 4 Min Read Facebook Twitter LinkedIn Email The accounting sector is poised to undergo its greatest reshuffling in generations. accounting firms have taken PE investment. A traditional accounting firm structure is a partnership, where the timelines for returns are relatively long. All rights reserved.

Technology

Accounting Today

JUNE 16, 2025

EDT 4 Min Read Facebook Twitter LinkedIn Email For decades, accounting firms have operated on a rhythm as reliable as a metronome: a rush of activity from January through April, followed by a lull that stretches through the summer and beyond. This is a pivotal moment for accounting firms. All rights reserved.

Technology

Going Concern

JULY 11, 2025

Johnson said accounting firms are being more aggressive and strategic in attracting prospective accountants. Talent Attention, firms! billion ($1 billion), alleging the auditor failed to detect fraud and misstatements that contributed to the Toronto private lender’s collapse.

cpa firm

Accounting Today

JUNE 23, 2025

That is effective for 2025 financial statements." The due process document will be a broader call for external input into our process, but this is another way that were going to be getting external input from some preparers of financial reports, some auditors, different users and technologists," said Black. All rights reserved.

accounting standards

Accounting Today

JUNE 16, 2025

EDT 1 Min Read Facebook Twitter LinkedIn Email The Public Company Accounting Oversight Board reported that deficiency rates remain high across examination, review and audit engagements for auditors of broker-dealers. © 2025 Arizent. All rights reserved. By Michael Cohn June 13 Like what you see? All rights reserved.

audit

Analytix Finance & Accounting

JUNE 24, 2025

But here’s the thing… Outsourcing your accounting isn’t just a convenience anymore — it’s becoming a competitive advantage in 2025. In this comprehensive guide, you’ll discover exactly how outsourced accounting services have evolved beyond basic bookkeeping into strategic financial partnerships.

Account

Accounting Today

JUNE 9, 2025

Gary Boomer June 9, 2025 10:00 AM Facebook Twitter LinkedIn Email As CPA firms grow into the $10 million to $100 million revenue range, operational complexity increases, especially during peak periods like tax season. Gary Boomer June 9 Audit Two-thirds of clients ready to change auditors Seventy percent of U.S.

Technology

Going Concern

OCTOBER 18, 2024

Firm Watch Accountancy firm BDO fined €1.3 million for work with Russian-held football club Vitesse [ NL Times ] The fine is regarding the work that BDO did as an accountant for football club Vitesse, and a holding company of the former owner of the club, Russian businessman Valeri Oyf, sources told FD.

audit

Accounting Today

JULY 16, 2025

EDT 2 Min Read Facebook Twitter LinkedIn Email Armanino, a Top 25 Firm based in San Ramon, California, has added Strategic Accounting Outsourced Solutions , extending Armaninos outsourcing capabilities, particularly in the nonprofit and family office sectors. All rights reserved. Financial terms of the deal were not disclosed.

Technology

Accounting Today

JULY 18, 2025

By Richard Chambers July 18, 2025, 11:54 a.m. One of the biggest challenges facing internal auditing and accounting is recruiting the next generation of workers to each respective profession. Deloittes 2025 Gen Z and Millennial Survey addresses this question nicely. All rights reserved.

audit

Accounting Today

JUNE 9, 2025

By Paige Hagy 9h ago Practice management Boomer's Blueprint: 4 ways algorithms can improve your firm Midsized CPA firms can leverage algorithms for operational excellence across multiple service lines and functions. Gary Boomer June 9 Audit Two-thirds of clients ready to change auditors Seventy percent of U.S.

Tax

Accounting Today

JUNE 6, 2025

ARIZONA The Association for Accounting Marketing Hall of Fame celebrated the 35th anniversary of the annual AAM Summit in Phoenix May 12-14. ILLINOIS Rick Surett was named the new chief financial officer at Grant Thornton, Chicago, succeeding Muhammad Bhayat, who is retiring after more than 20 years at the firm. All rights reserved.

New Jersey

Accounting Today

JUNE 6, 2025

Progress will showcase the latest ShareFile product innovations at AICPA Engage 2025 , June 9–12, 2025, in Las Vegas. All rights reserved. And the new ShareFile for Clients mobile app (beta) gives clients a secure way to stay engaged on the go.

Technology

Going Concern

NOVEMBER 4, 2024

Reports NL Times : The accountancy firm Ernst & Young (EY) is the latest accounting company to discover exam fraud. The fraud consisted of accountants sharing answers to mandatory tests, which is not allowed. EY expects the investigation to be complete in 2025 but admitted that it has taken longer than expected.

Account

Accounting Today

JULY 25, 2025

CONNECTICUT FASB, GASB and FAF logos on the wall at headquarters in Norwalk, Connecticut Courtesy of GASB The Financial Accounting Foundation board of trustees announced it is seeking nominations for new members to join the Financial Accounting Standards Advisory Council for an initial one-year term beginning Jan. All rights reserved.

Rhode Island

Going Concern

JUNE 9, 2025

First, a Reuters story : Crete Professionals Alliance, an accounting platform backed by Thrive Capital, plans to invest over $500 million to acquire U.S.-based based accounting firms in the next two years, and equip them with OpenAI-powered artificial intelligence technology to boost efficiency, company executives told Reuters.

Nebraska

Accounting Today

JUNE 9, 2025

EDT 7 Min Read Facebook Twitter LinkedIn Email I am optimistic about the "trusted advisor" destination that the accounting profession has marked as its territory, but skeptical of the partnership model as a means of transportation to that promised land. © 2025 Arizent. All rights reserved. All rights reserved. All rights reserved.

Account

Accounting Today

JUNE 5, 2025

By Michael Cohn 11h ago Audit Auditors' pessimism about economy surges Audit partners pessimism about the U.S. © 2025 Arizent. All rights reserved. By Jeff Stimpson 9h ago Practice management DMJPS expands in Charlotte North Carolina Regional Leader DMJPS is adding Potter & Co. All rights reserved. All rights reserved.

North Carolina

Accounting Today

JUNE 5, 2025

By Michael Cohn 11h ago Audit Auditors' pessimism about economy surges Audit partners pessimism about the U.S. © 2025 Arizent. All rights reserved. EDT 6 Min Read Facebook Twitter LinkedIn Email Bank job; the magic is gone; not a beautiful day in the Neighborhood; and other highlights of recent tax cases. Washington, D.C.:

Tax

Going Concern

OCTOBER 25, 2024

Firm Watch Whistleblower says big accounting firm hid evidence that a Saudi co-defendant helped finance 9/11 [ Florida Bulldog ] So this is…a lot. For the second year in a row, New York-based accounting firm PKF O’Connor Davies took the #1 spot on Vault’s Best Overall Internships list.

accounting and finance

Going Concern

OCTOBER 14, 2024

Land an internship at a prestigious accounting firm. Fast forward to her sitting for the CPA exam 10 times and failing 9 while still in grad school… I had a glaring red flag in front of me that I was in the wrong profession, and yet, I clung to my career in accounting because it was a part of the plan. Graduate undergrad.

Account

Going Concern

JUNE 13, 2025

Talent Accounting firms becoming more reliant on overseas talent, survey finds [ Accounting Times ] Barf at pinning this on the so-called accountant shortage. If you’re hiring, you’ll want to check this week’s top remote accounting candidates from Accountingfly. No chaff, only wheat.

CPA

Accounting Today

JULY 16, 2025

By Gene Marks 11h ago Practice management Windsor Path offers PE alternative to firms Windsor Path, a family office-backed platform for accounting firms, acquired WFFA Advisors, the non-attest business of Wagner, Fiber, Fine and Ackerman in New York City. All rights reserved.

Technology

Accounting Today

JUNE 9, 2025

EDT 4 Min Read Facebook Twitter LinkedIn Email Even as accountants worry about a host of pressing issues, there are strong reasons to be optimistic about the future of the profession, according to Mark Koziel the president and CEO of the American Institute of CPAs. Its very true in PE that theres partner accountability."

Account

CPA Practice

NOVEMBER 25, 2024

Scott to a five-year term on the Governmental Accounting Standards Board (GASB). His term begins July 1, 2025, and extends through June 30, 2030. Before entering the public sector, he was employed as an audit manager with the accounting firm of Deloitte & Touche. Caputo , whose second term concludes on June 30, 2025.

Wisconsin

Going Concern

JUNE 20, 2025

Max 60 tax audits per partner likely: ICAI [ The Economic Times ] A partner of an accounting firm will be allowed to take up a maximum of 60 tax audits in a year from FY27, Institute of Chartered Accountants of India (ICAI) president Charanjot Singh Nanda said. Meanwhile, their employees are kinda just…doing whatever they want.

auditor

Accounting Today

JULY 7, 2025

EDT 4 Min Read Facebook Twitter LinkedIn Email AI agents are rightly tipped as the next big stage in artificial intelligence, set to transform several industries, especially accounting. © 2025 Arizent. All rights reserved. All rights reserved. All rights reserved.

Technology

Accounting Today

JULY 11, 2025

EDT 5 Min Read Facebook Twitter LinkedIn Email For decades, employee expense reporting has followed a familiar path: employees submit reports, managers approve them and the accounting department performs a final review. Accounting cant finalize the books and auditors are left without a clear trail. All rights reserved.

Technology

Accounting Today

JULY 1, 2025

In its June 23, 2025, memorandum ( M-25-30: "Ensuring Accountability: How We Oversee, Audit, and Improve " ), OMB director Russell Vought introduces a "strategic reset" to shift audits from procedural checklists to tools that drive real accountability and reform. All rights reserved.

audit

Accounting Today

JULY 8, 2025

Tax Tax fraud IRS Phishing Cyber security MORE FROM ACCOUNTING TODAY Tax IRS allows churches to endorse political candidates The Internal Revenue Service has given churches and other houses of worship the green light to endorse political candidates. © 2025 Arizent. All rights reserved. All rights reserved. All rights reserved.

Technology

Accounting Today

JULY 10, 2025

By Jeff Stimpson July 10, 2025, 6:14 p.m. By Michael Cohn 6h ago Audit IESBA, IAASB form expert groups on sustainability standards The International Ethics Standards Board for Accountants and the International Auditing and Assurance Standards Board set up technical groups for their standards. © 2025 Arizent. All rights reserved.

Tax

Accounting Today

JULY 15, 2025

Now theres a tiered system for stock acquired after July 4, 2025, with a 50% exclusion for three years, 75% for four years, and 100% for five years or more. For electric cars, the credit is gone by September 2025, and for charging stations, its gone as of June 30, 2026. All rights reserved.

Tax

Accounting Today

JUNE 24, 2025

The IRS has lost almost a third of its auditors to DOGE cuts, and now the DOJs special tax crimes unit is axed. When updating partner compensation systems at accounting firms, how to make real change. student in accounting at Louisiana State University and the first recipient of the Barry C. All rights reserved.

tax preparation

Going Concern

DECEMBER 9, 2024

Accounting errors force US companies to pull statements in record numbers, writes FT : The number of US companies forced to withdraw financial statements because of accounting errors has surged to a nine-year high, raising questions about why mistakes are going unnoticed by auditors.

Account

Accounting Today

JULY 8, 2025

For example, the SALT allowance has been capped at $40,000 for 2025. By Michael Cohn 2h ago Audit IAASB revises auditor fraud standard The International Auditing and Assurance Standards Board has revised its standard on the auditors responsibilities relating to fraud. All rights reserved.

Technology

Going Concern

APRIL 7, 2025

billion accounting error, lawmakers are looking to move on from the outside independent auditor who would work with the state auditors office in reviewing the states financial records. billion accounting issue on the states books for years, but no one tried to fix it or figure out the origins of the listing.

auditor

Going Concern

NOVEMBER 1, 2024

Audit Private Equity’s Ties to Companies’ Auditors Have Never Been Closer. Wall Street Journal ] By the end of 2025, more than half of the largest 30 U.S. An auditor’s objectivity, both real and perceived, is critical to the business of accounting firms, which typically also have consulting and tax operations.

audit