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The House Ways and Means Committee held a hearing to advance legislation requiring disclosures of foreign sources of funding for tax-exempt groups and recipients.

KPMG announced a strategic alliance with OpenAI to develop solutions that reflect a new "headless" vision for enterprise software where AI becomes the main work surface.

For many firms, the decision to pursue private equity is not theoretical; it is a complex leadership conversation that touches every aspect of the firm, from culture and governance to partner economics and long-term strategy. In this session, accounting firm leaders who have evaluated — and in some cases pursued or declined — private equity will share how their leadership teams approached the decision-making process.

Private equity transactions in accounting are evolving quickly. What began as a relatively new source of capital for a handful of firms has become a more sophisticated market with changing deal structures, different investor expectations, and new questions around governance, leadership control, compensation, and exit strategies. This panel will explore how PE deals are being structured today, what firms should understand about recapitalizations and future liquidity events, and how the role of investors is changing as the profession moves deeper into its PE era.

Strategic investment in accounting is no longer a niche topic reserved for the largest firms. As firms confront succession challenges, capital constraints, talent shortages, and the need to invest in technology, leaders are exploring a wider range of ownership and growth models — from traditional mergers to alternative practice structures and private equity-backed platforms.

The Top 50 Firm acquired McMillan, Whiteman & Associates, expanding its presence along Florida's Gulf Coast and marking its third deal in the state this year.

Senior executives from Accounting Today's Regional Leaders shared their 2026 growth strategies, ranging from M&A and tech, to advisory and organic growth.

The International Auditing and Assurance Standards Board proposed a set of revisions to the International Standard on Auditing.

An arbitrator ordered the IRS to allow its unionized employees to work remotely after President Trump ordered federal agencies to require in-person work.

A top official at the Internal Revenue Service and the Treasury Department was reportedly ousted after raising concerns over political influence over audits.