Finance

AI and AI agents will no doubt do a lot of work in a lot of industries in the very near future. But generative AI still carries the risk of creating incorrect or fabricated information.

Amid cost pressures, more than a third of finance leaders have paused at least some capital spending and cut costs in virtually all areas except for AI.

The Top 75 Firm based in Parsippany, New Jersey, has received a minority investment from Cobepa, the latest firm with a PE investment.

The Top 25 Firm is extending its outsourcing capabilities, particularly in the nonprofit and family office sectors.

The accounting sector is poised to undergo its greatest reshuffling in generations.

The PE-alternative Franklin Alliance acquired Robert Morris & Company in New Bloomfield, Pennsylvania, as it aims to create a platform of local CPA firms.

The Top 25 Firm based in New York is expanding to Richmond, Virginia, by combining with a firm with specialized tax services.

LMC merges in Stephen A. Kepniss & Associates; Sorren adds Williams Overman Pierce; and Alpine Mar acquires Elliot Melamed.

Top 50 Firm UHY added Cincinnati-based firm Flynn & Company, expanding its reach into Ohio.

Ascend added two more CPA firms: BGW in Charlotte, North Carolina, and Tronconi Segarra & Associates in Williamsville, New York, effective July 1.

Abbott, Stringham & Lynch launched a talent hub in Hyderabad, India, called ASL Global Advisors Private Limited on June 23.

Baker Tilly, based in Chicago, is making its latest big deal, announcing its intention to acquire KraftCPAs PLLC, a Regional Leader based in Nashville.

The money represents new capital, and this initiative will run parallel to Crete's ongoing acquisition efforts.

Our profession truly seems to have gone from famine to feast in an accelerated timeframe, but this new abundance also requires a very different game plan to win.

Payments platform Tipalti announced it has acquired Statement, an AI-powered treasury automation solution.

While it might intuitively seem AI and offshoring are in direct competition, offshore talent providers report that the two have instead created powerful synergies.

How will private equity consolidation affect the accounting business, and what do firms and their clients need to look out for as the marketplace evolves?

Top 50 Firm Elliott Davis is taking a private equity investment from Flexpoint Ford and announced its next CEO.

Outside investment has disrupted a century of how things have always been done in accounting, and it might not sit well with the stated direction of many firms.

The Top 25 Firm based in Raleigh, North Carolina, has acquired a Denver-based firm with an extensive business in fund audits.