The Latest

Vin Colman is PricewaterhouseCoopers’ U.S. Assurance Leader and a member of PwC’s U.S. Leadership Team. He began running the firm’s Assurance practice, which includes audit and other services, last July when the firm reorganized its management ranks.

One of the indicators of a reviving economy—purchases and sales of small businesses—is picking up steam. According to the just released BizBuySell Insight Report, the number of business exits by small business owners was up 49 percent in 2013 compared to 2012.

The top vendors listed on travel expense reports last year in terms of the percentage of receipts included Starbucks, Delta Air Lines, Avis and Marriott, according to a new report by travel and expense management software developer Certify.

Texas and Florida led the way among the largest U.S. states in hiring by private sector employers last month, according to a new report by payroll giant ADP.

The Financial Accounting Standards Board issued a pair of updates Thursday to U.S. GAAP to provide alternatives for private companies on the subsequent accounting for goodwill and for interest rate swaps.

Some small businesses are facing a potential “double whammy” in 2016 from the Affordable Care Act, one expert warns.

On Thursday, Deloitte CEO Barry Salzberg and Owen Ryan, CEO of Deloitte’s AERS Advisory practice, were scheduled to join the President and First Lady for a day-long summit at the White House focused on increasing college opportunity for low-income and disadvantaged students.

American Citizens Abroad, a group representing U.S. expatriates, has submitted a tax proposal to the Senate Finance Committee recommending a number of international tax reforms, with the American Institute of CPAs also submitting its recommendations to the same committee on tax administration and simplification.

Cetera Financial Group, which has a strong presence in the accounting market, was acquired Thursday by RCS Capital for $1.15 billion in cash, making RCAP the nation’s second-largest independent broker-dealer by advisor count.

The Institute of Singapore Chartered Accountants has signed a memorandum of understanding with the Institute of Chartered Accountants in England and Wales to offer accountants in Singapore a pathway to the Associate Chartered Accountants designation.