Audit & Accounting

With AI poised to take over basic tax prep, practitioners need to double down on the value they've always added, says AICPA chair Jan Lewis.

Current IASB chair Andreas Barckow's term ends on June 30, but his final successor isn't expected to be installed until Oct. 1.

Deficiency rates in audits of broker-dealers declined in 2025, according to the Public Company Accounting Oversight Board — particularly for auditors that perform a large number of engagements.

Accounting undergraduate enrollment grew 8.9% in spring 2026 year-over-year, continuing steady growth for the third consecutive year.

Plus, MarcumAsia launches a SPAC and de-SPAC practice; CrossCountry elevates two co-CEOs; and other firm and personnel news from across the profession.

Vermont signed a bill into law that creates an additional pathway to CPA licensure — one of the few states left to pass changes to licensure requirements.

The Financial Reporting Council is probing accountancy firms linked to Market Financial Solutions Ltd., a mortgage lender backed by multiple Wall Street banks.

The collapse of the property developer is raising concerns among some partners at its former auditor about the potential impact on their own finances.

The agreement to settle Trump's case against the IRS included a bar against audits of past tax filings by him, his family members, businesses and other government investigations.

For years, many accountants approached 831(b) micro-captive insurance plans with caution, if not outright avoidance. The reason was understandable.