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The Rise of Non-CPAs in CPA Firm Acquisitions

CPA Practice

The accounting profession is undergoing a significant transformation as more non-CPAs acquire CPA firms. While private equity firms buying large CPA practices may make headlines, a more impactful shift is happening beneath the surface. The Trend: Why Are Non-CPAs Buying CPA Firms?

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AICPA News – July 2025

CPA Practice

Mary Girsch-Bock AICPA News is a collection of recent news briefs from the American Institute of CPAs and the Chartered Institute of Management Accountants. The survey polls chief executive officers, chief financial officers, controllers, and other CPAs in U.S. companies who hold executive and senior management accounting roles.

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Atlanta CPA Heading to Federal Prison For Tax Shelter Scheme

CPA Practice

He also prepared tax returns for clients with deductions he knew to be false. On his own income tax filings, according to court records, he also underreported his commission income from the scheme by $400,000. Nine other people—six CPAs, an appraiser and two attorneys—previously pleaded guilty in the case. _

CPA
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AICPA News – June 2025

CPA Practice

Mary Girsch-Bock AICPA News is a collection of recent announcements and news briefs from the American Institute of CPAs. AICPA Announces Retirement of Carl Peterson, Longtime Advocate for Small CPA Firms The American Institute of CPAs (AICPA) recently announced that Carl Peterson, vice president of small firm interests, will retire June 30.

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Friday Footnotes: PwC Scandal Somehow Gets More Scandalous; Deloitte Denied in Court; Withum Embiggens in Florida | 11.8.24

Going Concern

29, alleged that former CFO Donna Dellomo and former controller Yoon Um, both CPAs, failed to properly record the cost of shipping finished products from Lovesac’s distribution center to its end customers. Lovesac to settle accounting violation suit brought by SEC for $1.5 million [ Furniture Today ] The SEC complaint, filed in the U.S.

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Billtrust Launches New AI-Powered Accounts Receivable Innovations

CPA Practice

CPAs ($25,000), Raymond Chabot Grant Thornton in Canada ($30,000), and PWR CPA ($60,000). Jason Bramwell Auditing July 15, 2025  Three Accounting Firms Got in Trouble for Breaking PCAOB Rules The three firms censured and fined by the PCAOB on July 11 for violating U.S. auditing rules and standards were Goldman & Co.

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What CPAs Should Know About the Return of 100% Bonus Depreciation in 2025

CPA Practice

Whether your clients are investing in commercial buildings, launching new ventures, or improving existing properties, this update creates fresh opportunities for accelerated deductions.