CPA Practice

DECEMBER 3, 2024

UHY is getting an injection of private equity funding from Boston-based investment firm Summit Partners, calling it a significant milestone in its growth and strategic development, the top 30 accounting firm said on Dec. With this deal, more than 35% of the top 30 accounting firms in the U.S.

Non-Profits

Going Concern

JANUARY 9, 2025

While the AICPA and large accounting firms have begged urged the SEC not to approve the PCAOB Firm and Engagement Metrics rule (PCAOB-2024-06) approved by the PCAOB on November 21, 2024, at least one person would like to see the added transparency this rule could provide and he’ll explain why in a comment letter we’ll discuss below.

audit

CPA Practice

NOVEMBER 19, 2024

By Jeff Gramlich, CPA, CITP In today’s audit landscape, we’re witnessing the early stages of an AI revolution. Risk mitigation in the AI era: Why better data means better protection In an environment of increasing regulatory scrutiny around AI use, accounting firms need a robust foundation for their technology adoption.

auditor

Going Concern

NOVEMBER 8, 2024

She wrote that the local firm needed to comply with a set of remedial actions or face suspension, or expulsion, from the global network. ” The new office will employ a team of 15 by the end of the year, with all positions in the Boca office staffed by accounting professionals, Goldberg said.

Florida

Going Concern

JANUARY 3, 2025

PR Newswire ] Aprio, the 25th largest business advisory and accounting firm in the U.S., announces the strategic acquisitions of two leading accounting firms, KRD, Ltd. Two anonymous accountants and an unnamed accounting firm have challenged the Public Company Accounting Oversight Boards enforcement authority.

auditor

Going Concern

FEBRUARY 6, 2025

They said : A task force of the American Institute of CPAs Professional Ethics Executive Committee (PEEC) will seek public comment on its preliminary conclusions about revisions to independence rules related to alternative practice structures, changes driven by the increasing prevalence of private equity investment in accounting firms.

audit

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

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. Mindset is paramount. Think — plan — grow!

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.

Technology

Going Concern

OCTOBER 21, 2024

ICYMI: American Institute of CPAs (AICPA) and the National Association of State Auditors, Comptrollers and Treasurers (NASACT) suggest state and local governments step it up to beat the talent shortage. But accountants who do government work face unique challenges that require more specialized solutions.

Account

Accounting Today

JUNE 9, 2025

By Danielle Lee 8h ago Practice management Accountants expect firms to shrink headcount by 20% Fifty-two percent of accountants expect their firms to shrink in headcount by 20% in the next five years, according to a report by the Indiana CPA Society. By Paige Hagy June 6 Like what you see?

Tax

Accounting Today

JULY 16, 2025

The merger is the third since Armanino received a minority investment from private equity firm Further Global Management last October, helping fuel its aggressive M&A strategy, which has seen the firm finalize over 20 combinations since 2019. Following the deal, Armanino adopted an alternative practice structure.

Technology

CPA Practice

OCTOBER 23, 2024

1, A Firm’s System of Quality Management , adopted by the AICPA. Webinar : This webinar, led by expert staff in the PCAOB’s Office of the Chief Auditor, provides an overview of QC 1000 requirements and is designed to help auditors prepare for the standard’s implementation.

auditor

Going Concern

DECEMBER 24, 2024

Average annual training hours for partners, managers, and staff of the firm, combined, across the firm and on the engagement. Average number of years worked at a public accounting firm (whether or not PCAOB-registered) by senior professionals across the firm and on the engagement. Experience of Audit Personnel.

audit

Going Concern

JUNE 13, 2025

Ongoing Drama Strong feelings on limiting the use of CPA [ Journal of Accountancy ] I touched a nerve with my recent article, “Display That CPA.” The response, sometimes heated, confirmed that this is an issue that employers and individual CPAs are wrestling with. I appreciated hearing from everyone.

CPA

CPA Practice

OCTOBER 29, 2024

billion during its 2024 fiscal year that ended June 30, the Big Four accounting firm said on Monday. The slower growth in Big Four accounting firm revenues in 2024 is primarily due to a slowdown in consulting work over the past 12 to 18 months, which has resulted in layoffs at each firm in several locations, including in the U.S.

Legal

CPA Practice

AUGUST 1, 2025

Companies contemplating a possible sale transaction are best served by proactively having an external auditor complete the financial statement audit and/or review for periods relevant to the transaction. Thanks for reading CPA Practice Advisor! pre- and post-transaction). Ensure you are audit- and QoE-ready. The answer is yes.

Sales

Accounting Today

JUNE 6, 2025

CALIFORNIA Janet Shepard Janet Shepard was hired as a business management partner and co-leader of the client accounting services practice at HCVT, Irvine. 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.

New Jersey

Accounting Today

JULY 18, 2025

One of the biggest challenges facing internal auditing and accounting is recruiting the next generation of workers to each respective profession. The growing use of advanced technology, primarily artificial intelligence, promises significant changes in how accountants and internal auditors will work in the future.

audit

Analytix Finance & Accounting

JUNE 24, 2025

Simply put, outsourcing accounting services allows business owners to access higher-quality accounting services at a lower overall cost, which creates immediate savings that can be redirected toward growth initiatives or other business priorities. Ready to streamline your CPA firm’s operations and boost growth?

Account

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.

Account

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 6, 2025

Accounting firm-focused payments solutions provider CPACharge announced a new partnership with SafeSend , part of Thomson Reuters. This acquisition offers users up-to-date U.S. state aviation tax information, which will soon be embedded within the platform.

Technology

Accounting Today

JUNE 9, 2025

To start, ownership in a CPA firm is more expensive today than it ever has been. There is more than $15 billion of private capital (more than 1x revenue for the remaining, independent G400) that has decided an ownership stake is worth more than what your firms partnership agreement says it is. Heres a crash course.

Account

Going Concern

NOVEMBER 21, 2024

Are you having trouble finding remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? With our Always-On Recruiting service, you can access a pool of top remote accounting candidates without any upfront costs. Accountingfly can assist you!

Real Estate

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

Accounting Today

JULY 25, 2025

FLORIDA Stefano Comotti was appointed chair of the global board of the Institute of Internal Auditors, Lake Mary, for 2025-26. MISSOURI Duke Johnson Duke Johnson, a senior accountant at KPM CPAs & Advisors, Springfield, earned his CPA license. RHODE ISLAND Elizabeth Harman was promoted to partner at KLR, Providence.

Rhode Island

Going Concern

NOVEMBER 22, 2024

Audit Large Accounting Firms Will Have to Submit Financial Statements to U.S. Regulator [ Wall Street Journal ] Large accounting firms will have to submit financial statements annually to the U.S. Regulator [ Wall Street Journal ] Large accounting firms will have to submit financial statements annually to the U.S.

auditor

Accounting Today

JUNE 9, 2025

Koziel added some valuable advice for firm leaders from his time working at a Buffalo-based CPA firm in the 1990s: "When I was in charge of recruiting, Id ask our partners, Is this firm the right place for your kids? Gary Boomer June 9 Audit Two-thirds of clients ready to change auditors Seventy percent of U.S.

Account

Accounting Today

JUNE 5, 2025

CPA Timothy Trifilo has been sentenced to 20 months in prison for making a false statement on a mortgage loan application and for not filing an income tax return. By Michael Cohn 11h ago Audit Auditors' pessimism about economy surges Audit partners pessimism about the U.S. Washington, D.C.:

Tax

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

CPA Practice

NOVEMBER 25, 2024

Before entering the public sector, he was employed as an audit manager with the accounting firm of Deloitte & Touche. He joined the Governmental Accounting Standards Advisory Council (GASAC) in 2011 as a representative of the Government Finance Officers Association (GFOA) and served as chair from 2015-2021.

Wisconsin

Going Concern

DECEMBER 2, 2024

… A Hypothetical Ethical Performance Audit of a PE Firm If one were to perform an “ethical audit” on a private equity firm that is planning to spend billions of dollars to acquire a majority stake in a global accounting firm, what might be observed?

Account

Going Concern

NOVEMBER 25, 2024

Aprio, an Atlanta-based advisory and accounting firm, recently purchased Kirsch Kohn & Bridge (KKB) in Woodland Hills to continue its expansion efforts in the region. UNI’s CPA pass rate for the 2023 CPA exam is 78.3%, with the average passing rate being 79.3%. Ask it if it prefers waffles or pancakes !

Account

Accounting Today

JULY 1, 2025

In addition to the new audit format, OMB is launching a four-part agenda to improve the effectiveness of federal audits: Auditing the auditors : OMB will review the roles and value of auditors — including public accountants, inspectors general and agency CFOs — to ensure audits align with risk and mission outcomes.

audit

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. AICPA & CIMA Insights ( [link] ): Congratulations to Chi Lam, CPA, MBA, a Ph.D.

tax preparation

Going Concern

MAY 2, 2025

Atkins as commissioner showed disdain for the PCAOB when meeting with officials from the audit regulator, said Martin Baumann, an adjunct accounting professor at Southern New Hampshire University and former PCAOB chief auditor. I dont expect this to be good for the PCAOB, he said, referring to Trumps Atkins pick.

audit