Accounting News from Accounting Today

The Public Company Accounting Oversight Board postponed the effective date for QC 1000, A Firm's System of Quality Control, as well as other standards, rules and forms, by one year.

Government contractors are feeling the revenue effects of executive orders from the Trump administration and cuts from the Department of Government Efficiency.

Failing a section of the exam isn't uncommon, but these strategies and tactics can make it less likely.

Would-be CPAs should prepare to pass the test — but be prepared to fail.

What these clients need most boils down to three things: less friction, value driven by AI, and much more communication.

CFOs and corporate controllers aren't as concerned anymore about accountant shortages and are dialing back their hiring plans.

The International Accounting Standards Board issued a set of amendments to IFRS 19 Subsidiaries without Public Accountability: Disclosures.

80% of accounting and tax firms plan to raise their fees next year, with many shifting from hourly billing to value-based pricing.

Business clients are willing to pay 25% more for specialized accounting services, according to a TaxDome survey.

Half of Generation Z interns expect 20% of their jobs to be automated by artificial intelligence by the time they start full-time roles, per a KPMG survey.

The FAF Board of Trustees selected Dalia Blass to serve as its new board chair and appointed Erin Hill as the FAF's new executive director.

The state with the highest CPA exam pass rate in 2024 was Nebraska at 61.9%, followed by Utah at 58.6% and Montana at 57.4%, according to a NASBA report.

Illinois Gov. JB Pritzker signed a bill into law that adds two additional pathways to CPA licensure and preserves the original 150-hour path.

As we find ourselves eight months into the year, it's essential to take a moment to reflect on governance amid the hustle of deadlines and client demands.

Three-quarters of seniors described the 2024-2025 tax season as "somewhat" or "extremely" stressful, according to a Distinct survey.

The International Auditing and Assurance Standards Board posted new documents to help jurisdictions implement its recent standard on sustainability assurance.

Why are students turning away from accounting? The reasons are multifaceted, but several themes emerge.

Canadian CPAs with three or more years of experience reported a national median salary of $154,000 in 2024, up from $143,000 the prior year, according to a Leger study.

An accountant was charged for embezzling more than $1.9 million from film productions and used the funds to stay at Las Vegas hotels and pay various young women.

Forward-thinking companies are aligning accounting teams with the businesses' compensation committees.