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The adjustments reflect how inflation is slowing down and upcoming changes to the rules based on the Secure 2.0 Act and the Tax Cuts and Jobs Act.

Christina Ho said Sens. Elizabeth Warren and Sheldon Whitehouse are unfairly singling her out for audit failures at firms.

KSM adds SGKK; KNAV merges in HLG Netherlands; ATKG combines with SPR.

The Public Company Accounting Oversight Board staff updated its short- and mid-term standard-setting agenda as well as its rulemaking agenda.

Stagnating wages and gaps in career path awareness have pushed young professionals away from accounting, leading to a dearth of candidates and leaving firms scrambling to find a solution.

Many managers are not in the habit of telling people they did something good.

In response to demand from investors, public companies will be required to disclose more information about certain expenses in the notes to financial statements.

Big Four firm Ernst and Young announced the formation of the Global AI Advisory Council, which will act as a sounding board as EY manages the extensive scale of AI deployments.

Forvis Mazars acquires MSL; Blue & Co. merges in Mellen, Smith, and Pivoz; LGA adds Comolli; RBSK Partners acquires Hash CPA Group.

UHY launches global rebrand; IRS selects first associate chief counsel for the newly created passthroughs, trusts and estates office; and more news from across the profession.