Accounting News from Accounting Today

A Texas judge struck down a rule requiring professionals engaged in real estate closings and settlements to report information about nonfinanced transfers.

The goal of regulation should not be unnecessary burdens or barriers to entry. The goal should be confidence that taxpayers are receiving reliable guidance.

KPMG International elected Gary Wingrove as its next global chairman and CEO, succeeding Bill Thomas in a four-year term, effective Oct. 1, 2026.

Today, we all have an opportunity to move beyond a compliance exercise measured in credit hours and embrace CPE as a strategic engine that drives innovation.

The number of accounting-related securities class action filings plummeted 40% last year, according to a new report, but the total settlement value rose 40%.

Up in smoke; contingency planning; disaster strikes; and other highlights from our favorite tax bloggers.

AI-focused accounting ERP provider DualEntry tested some of the most popular AI models on various accounting workflows and found that, at best, they're 77.3% accurate.

While Xero has spent years adding AI features, this is the year it intends to spread the technology throughout the core of its product.

The report highlights the PCC's accomplishments and activities from the year, its agenda priorities, stakeholder engagement and strategy moving forward.

Undercover investigators found pervasive incompetence, fraud and significant errors among a sample group of non-credentialed tax preparers in half a dozen states.

The bills would remove the 150 credit-hour requirement and replace it wth three new pathways.

PCC chair Jere Shawver is on a mission to increase awareness of the group that represents the perspectives of privately held companies on accounting standards.

The profession needs to engage seriously with whether the binary audit opinion remains the right product for the public interest it is meant to serve.

The global network of independent accounting, audit, tax and consulting firms surpassed $1 billion in total revenues for the first time last year.

The bonus is available to employees who pass all four parts of the exam within their first year at the Big Four Firm, starting with those who join on June 1.

Leaders of accounting organizations in the U.S., Canada and Mexico signed a memorandum of understanding to extend an agreement easing cross-border practice.

What are taxpayers currently asking their preparers?

While no one can say what the final destination of this year's Top 100 Firms and Regional Leaders will be, they've got a head of steam up to reach top speed.

Plus, RightRev launches Revi AI platform for revenue accounting automation; Rocketlane unveils Nitro AI for professional service firms; and other accounting tech news.

The International Accounting Standards Board is finalizing a standard to give investors a clearer picture of utilities' performance and future cash flows.