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Jim Bourke of Withum lays out why CAS is a crucial foundation for highly profitable advisory services.

The last day to sign up to participate in the 2026 Best Firms to Work For is Friday, May 29.

IRS impersonation; Lootland; conduit scheme; and other highlights of recent tax cases.

The Top 50 firm acquired Burke & Associates CPAs under the new name Shoreline Advisors, expanding its presence in Massachusetts.

A tax partner at BMSS Advisors is the new chair of the American Institute of CPAs and the Association of International Certified Professional Accountants.

The alliance with Anthropic will embed Claude Cowork into KPMG's global client delivery platform, beginning with tax and legal clients.

Intuit chairman and CEO Sasan Goodarzi announced the layoffs in a company-wide message.

The Securities and Exchange Commission's proposal for a semiannual reporting option has quickly provoked debate.

Early next year, Intuit's ProAdvisor Program will be replaced with a new Intuit ProPartner Accountants program, integrated with Intuit Accountant Suite.

Attorneys general from 25 states and D.C. are suing the administration over rules limiting loans for graduate students in accounting and other professions.

The Top 10 Firm will acquire a consulting and technology firm that helps manufacturing and distribution companies modernize operations with digital solutions.

Audit solutions provider Caseware launched an intelligence and orchestration layer operating across the engagement lifecycle.

The House approved legislation to make IRS collection proceedings taxpayer friendly, safeguard tax refunds and provide judicial review of tax liability claims.

The American Institute of CPAs expressed support for legislation limiting the reporting of U.S. businesses' beneficial ownership information to FinCEN.

The Institute of Management Accountants announced the availability of its new AI in Finance Micro-credential as part of a larger rollout of similar credentials for specialized finance and accounting competencies.

The Uniform Partition of Heirs' Property Act helps families avoid forced property sales in at least 24 states, according to a study sponsored by JPMorgan Chase.

The AAM is rebranding itself as the Association for Accounting Growth, reflecting the profession's evolution and association members' expanding responsibilities.

The accounting standards update aims to improve financial accounting and disclosures about activities related to environmental credits and obligations.

The Top 100 Firm acquired GBC Advisory, marking its expansion into the Oklahoma City area.

The Securities and Exchange Commission aims to increase IPOs with changes to accelerated and non-accelerated filers and exemptions from internal control audits.

Windsor Path, a family office-backed platform for accounting firms, acquired ASO Advisors, the non-attest business of Agresta, Storms & O'Leary in Indianapolis.

The Top 25 Firm is deepening its investment in an AI-driven accounting workflow platform, which includes a multiyear relationship to build AI audit solutions.

The Securities and Exchange Commission rescinded a policy Monday requiring defendants in settled enforcement actions not to publicly deny the SEC's allegations.

The Internal Revenue Service increased overtime hours and pay for its employees after extensive staffing reductions and last fall's government shutdown.

The Internal Revenue Service has improved its ability to flag returns for signs of identity theft, adjusting its filters to reduce false positives and spot fraud.

Lewis Group CPAs acquired specialty-trades accounting firm Atlas Accounting Group in April, expanding its presence in the Pacific Northwest

Regional Leader Abbott, Stringham & Lynch acquired San Jose, California-based ArightCo.

The American Institute of CPAs sent a list of nearly 200 recommendations to the Internal Revenue Service for the IRS's 2026-2027 Priority Guidance Plan.

Ghost payroll; non-existent businesses; save you from paying; and other highlights of recent tax cases.

The American Institute of CPAs approved a standards update to modernize how CPAs get audit evidence via external confirmation procedures.

The Financial Accounting Standards Board decided to add several projects to its technical agenda.

Intuit announced new features and enhancements for its Intuit Enterprise Suite platform for mid-market businesses with more complex needs.

The Internal Revenue Service established a program to allow corporate taxpayers to request rulings on certain issues.

The IRS provided more details about the settlements it's offering for a limited time in syndicated conservation easement and historic preservation claims.

The Top 50 Firm will acquire Troy, Michigan-based Gordon Advisors, making the state one of its largest geographic markets.

Wolters Kluwer announced that CCH Axcess Advisor, which entered limited release late last year, is now generally available for firms.

Accounting Today is now accepting submissions for its annual list of the top value-added resellers in the accounting space. Our deadline is end-of-day June 2.

The median fraud loss per case in the ACFE study was $104,000, but the average loss per case was $1,457,000, while 20% had losses of more than $1 million.

The Top 50 Firm acquired Owings Mills, Maryland-based Gorfine, Schiller & Gardyn, expanding the firm's Mid-Atlantic presence.

The Top 100 Firm acquired a Miami-based firm that specializes in international tax consulting, estate and trust matters, and tax planning.

The Top 25 Firm acquired Sharff, Wittmer, Kurtz, Jackson & Diaz, expanding its presence in Florida.

Big Four firm KPMG signed 17 new SEC audit engagements, followed closely by Deloitte, CBIZ and Carr Riggs & Ingram.

Whitman Advisory, Maxwell Leadership and Lions Pride Leadership partnered to launch a leadership development and coaching company.

Tax delinquency is increasing among federal government employees as well as retirees, according to a new report.

The Top 50 Firm acquired Miami-based Parlade Schaefer Schortz, expanding its presence in the South Florida market and healthcare sector.

Internal auditors are facing a heightened risk of fraud at organizations as schemes change and internal controls weaken over time, according to a new report.

The American Institute of CPAs wants more information on a provision of the One Big Beautiful Bill Act imposing an excise tax on tax-exempt organizations.

Top 10 Firm Grant Thornton announced the launch of gtap, a proprietary audit infrastructure intended to redefine how the firm performs audits.

The Governmental Accounting Standards Board added several items to its research agenda, but decided against adding a project on cybersecurity disclosures.

Intuit has expanded further into payroll, time tracking, benefits, onboarding and other human capital needs through its new solution, QuickBooks Workforce.

The U.S. Bureau of Labor Statistics report surpassed economists' expectations, as the unemployment rate remained unchanged at 4.3%.

Accounting ERP provider Sage announced a wide variety of new offerings and enhancements for both general business customers as well as the CPAs that serve them.

Financial conquest; getting plastered; Bill of Information; and other highlights of recent tax cases.

Officials discussed the SEC's proposal for a semi-annual reporting option along with new accounting standards at a Baruch College conference.

The Top 100 Firm acquired Massachusetts-based Restaurant Accounting Solutions, strengthening its expertise in the restaurant industry.

The Public Company Accounting Oversight Board posted updates to its projects as it waits for public comments on its 2026-2030 strategic priorities.

The deal adds to Aprio Legal's Arizona footprint and marks the firm's entry into the cannabis industry.

The Internal Revenue Service plans to offer settlements in syndicated conservation easement cases, but only for a limited time, as it unveils an updated website.

The survey window for our "Wealth Magnets" annual ranking of the top CPA financial planners by assets under management has been extended until Friday, May 8.

Boomer Consulting launched a Tax Leader Circle and Audit Leader Circle.

Plante Moran will expand into Mexico as JA Del Río joins the firm, effective July 1.

Small businesses with less than 50 employees continued to add jobs last month despite the growth in gas prices, according to a report from Paychex.

Overall job gains came despite despite losses in the professional and business services sector, while annual pay grew 4.4% year over year.

The department's final regulations on which types of professional degree programs can receive loans of up to $200,000 ruled out the accounting profession.

The Securities and Exchange Commission is proposing to allow public companies to report twice a year at the urging of President Trump.

Top 50 Firm Hill, Barth & King acquired BB&K, effective as of May 1, expanding its presence in Florida.

CFO salaries have surged at the biggest companies in the U.S., but the job has become one of the least secure in the executive ranks, according to a new study.

The American Institute of CPAs asked the Office of the Comptroller of the Currency to leverage its stablecoin reporting criteria when regulating the market.

The Internal Revenue Service sometimes backdated tax penalty approvals in at least seven cases involving syndicated conservation easements, according to a new report.

Accounting firms are seeing an increase in scams involving the notices the IRS is sending to taxpayers when they don't provide their direct deposit information.

The Top 50 Firm acquired Minneapolis-based Copeland Buhl, marking its first expansion into the Midwest.

Few enterprise risk management programs are truly integrated into strategic decisions, according to a new report.

Tens of millions of taxpayers may be able to claim big tax refunds thanks to a court decision, but they must file soon.

With about 41 million American workers lacking access to a retirement plan through their jobs, experts say advisors could play a pivotal role.

The top firms in accounting are all in on artificial intelligence, as it forces the profession to evolve rapidly.

For firms that have thought seriously about AI, there is a single animating principle behind their oversight: the human is in control.

The Top 25 Firm today acquired Jackson Thornton, a Gulf Coast Regional Leader.

The Federal Accounting Standards Advisory Board exposure draft offers a practical expedient for reporting on embedded leases in federal government contracts.

Rep. Kristen McDonald Rivet, introduced the Working Parents Tax Relief Act, which would give parents up to an additional $5,500 per child under the age of four.

The Institute of Internal Auditors is calling on lawmakers and policymakers to strengthen their oversight of prediction markets such as Kalshi and Polymarket.

The law, effective Oct. 1, 2026, will create a third pathway that allows candidates to earn their CPA license with a bachelor's degree, two years of experience and passing the CPA exam.

The deal strengthens Sikich's presence in health care, life sciences, manufacturing and distribution and brings expertise in financial services, technology and energy.

The deal strengthens Wipfli's risk management offerings, and adds two partners and 52 associates to the team.

A number of characteristics set this year's Best Firms for Tech apart from their peers in accounting.

CryptoPunks; Eight Percent Fund; fake Transaction Summaries; and other highlights of recent tax cases.

Nonprofit organizations are worried the IRS and the Treasury Department will take away their tax-exempt status and even sue or prosecute them.

The IRS and the Treasury posted temporary regulations and a notice of proposed rulemaking outlining a new way to recover federal excise taxes paid on dyed fuel.

The International Financial Reporting Standards Foundation revised its Due Process Handbook, outlining the steps used for developing IASB and ISSB standards.

KPMG is shutting down its audit practice for the federal government after losing a Pentagon contract, and laying off 4% of its U.S. advisory practice.

Top 100 Firm Maxwell Locke & Ritter only hires experienced professionals -- here's how they make it work.

Kreston Global, an international accounting network based in London, has created a new Global Legal Group, uniting legal professionals from across the network, operating in coordination with the network's Global Tax Group.

AI financial services platform Black Ore announced the general availability of its Tax Autopilot solution, touted as being capable of executing even complex workflows with little to no need for human intervention.

The deal, expected to close later this year, will expand Grant Thornton's presence in the Asia Pacific region.

The International Public Sector Accounting Standards Board hopes to improve how financial information is presented in public sector financial statements.

The legislation would enable taxpayers to use a secure IRS website to download a tax form automatically populated with information the IRS already collects.

Chief executives have been seeing substantial pay gains over the past year, especially at the largest companies, according to a new analysis.

The Top 50 Firm acquired St. Clair & Associates, expanding its footprint in the Northeast market.

The House passed bipartisan legislation to strengthen the Internal Revenue Service's Whistleblower Awards Program and provide faster payouts to tipsters.

Accountaneur Advisory's inaugural survey measuring the human cost of tax season is open for participation.

The PCAOB found that audit committee chairs are increasingly turning to their auditors to understand AI's impacts on a company's financial reporting and controls.