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Baker Tilly and Moss Adams Are Combining to Create a Private Equity-Fueled Behemoth

Going Concern

Naturally, WSJ had the full scoop : Accounting firms Baker Tilly and Moss Adams agreed to merge in a deal valued at roughly $7 billion, which would make it the largest firm in the industry to be partly owned by private-equity investors. The combined firm, which would be the sixth-biggest accounting firm in the U.S.,

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Monday Morning Accounting News Brief: Consulting Pay Freezes; AI, Audit, and You; KPMG Mega Merger? | 11.6.23

Going Concern

The tax and audit practice, through affiliate BSR & Co, will be excluded from the merged entity and could be made into a separate entity, though that is still under discussion, the people said requesting anonymity. In 2018, Veritas Capital, which invests in businesses at the intersection of government and technology, acquired the U.S.

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New GASB Members Named

CPA Practice

His term begins July 1, 2025, and extends through June 30, 2030. This will extend her service through June 30, 2030. Before entering the public sector, he was employed as an audit manager with the accounting firm of Deloitte & Touche. The Trustees also announced the reappointment of Dianne E.

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Friday Footnotes: Private Equity DGAF; Controllers Reflect on Their Future Skill Set; PCAOB Does Something | 9.27.24

Going Concern

Providing the capital necessary to fund the retirement plans of the profession’s baby boomer and Gen X partners has been a major reason that accounting firms are turning to private equity — but that in itself will bring structural changes that make it easier to hold all members of the partner group accountable.

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Deloitte Launches Global Agentic Network

CPA Practice

By working across our Audit & Assurance, Tax & Legal, Strategy, Risk & Transactions, and Technology & Transformation businesses together with our deep industry knowledge, Deloitte is in a unique position to deliver sophisticated agentic AI solutions that help boost client productivity and efficiency and drive new ways of working.”

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Ensuring Climate ESG Auditing Excellence: How Your Trusted Accounting Partner Makes the Difference

Withum

Now, regulations, investors and other stakeholders want companies to prove their ESG and climate information is accurate and reliable through audits and assurance. This experience puts them at the top of most companies’ list when considering a firm to perform the third-party audit of their ESG and climate reporting.

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New Tech for Accounting Firms Get Spotlight at 2024 Conferences

CPA Practice

We’ll see applicable AI in Tax, Audit, and Client Accounting Services this year and next. Quantum computing – The new generation of computing is anticipated to arrive by 2030. Automation and AI are different, as noted in the table below. Over 20 companies are developing and delivering products in this category today.