Paige Hagy

The cuts include roughly 240 employees in RSM's consulting businesses, and come as demand for the profession's consulting services wanes.

The SEC alleges Kubient's two former execs and former audit committee chair artificially inflated the company's revenue and lied to auditors.

Auditor independence is an area of common deficiencies year after year, according to PCAOB inspections.

Instead of completing 150 credit-hours, this pathway would allow candidates with a bachelor's degree to earn their CPA by demonstrating their professional and technical skills.

Bloomberg Tax & Accounting projects that inflation-adjusted amounts in the Tax Code will increase 2.8% in 2025 — roughly half the increase in 2024 and down from 7.1% in 2023.

The SEC approved the PCAOB's QC 1000, which will require firms to identify risks to their practice and design quality control systems that can safeguard against those risks.

The accounting profession's labor shortage means relationships between firms and colleges have never been more crucial in recruiting new talent.

Nicholas Bowerman was charged with manipulating Circor's internal accounting records, resulting in the company to overstate its financial performance by millions of dollars.

Twenty-five percent of accountants want to increase their roles in implementing diversity, equity and inclusion initiatives, a new study says.

The Treasury Department directed the IRS not to use any additional Inflation Reduction Act funds to increase audits on small businesses or households earning less than $400,000.