Michael Cohn

Chartered Professional Accountants of Canada has signed a memorandum of understanding with the Pan African Federation of Accountants.

The overhaul at the board continues as William Ryan succeeds Robert Rice, who is retiring at the end of the year.

Sorren, based in Meridian, Idaho, has added Casey Neilon, an accounting consultancy in Nevada, to its national network.

Congress has passed a bill giving taxpayers who have been affected by natural disasters some extra time to file a claim for a tax credit or refund.

A federal appeals court reversed a lower court decision involving the Corporate Transparency Act, finding it to be constitutional, although it remains on hold.

The open enrollment season for employee benefits is underway at many companies, and employees may be seeing changes this year thanks to the SECURE 2.0 Act.

The Public Company Accounting Oversight Board has reached a deal with the Cyprus Public Audit Oversight Board.

The Financial Accounting Standards Board released an accounting standards update to improve its codification of standards on different topics.

The Governmental Accounting Standards Board released a new standard to improve the financial reporting for state and local governments on subsequent events.

Nine organizations wrote to the Department of Education expressing opposition to rules excluding accounting from recognition as a professional degree program.

The Institute of Internal Auditors has released its latest "topical requirement," this time on organizational behavior as part of a company's culture.

The Top 50 Firm based in Troy, Michigan, has completed its fourth acquisition in Houston this year and its 10th across the country.

The One Big Beautiful Bill Act makes the opportunity zone program permanent and also introduces some changes in the real estate investor tax breaks.

The deal will expand the Top 10 Firm's footprint to South Florida and its existing presence on the East Coast.

Platform Accounting Group expanded in Oregon; Springline Advisory acquired Actuarial Resources; Sorren added RTO; Patrick Accounting and Tax Services is buying Knight Home Care Financial.

The House Ways and Means Committee passed three bills aimed at bolstering taxpayer rights.

Business executives are most worried about the risks from cybersecurity and third parties, but see opportunities for growth in the next few years.

Growth was led by tax (7%) and advisory (4%), followed by audit and assurance (3%) and business services outsourcing (2%).

Public Company Accounting Oversight Board officials are sounding a cautious note about the spread of artificial intelligence and private equity at audit firms.

The Chicago-based firm has acquired New York- based accounting firm Farkouh, Furman & Faccio.