RSM

An aggressive suite of tariffs from President Trump will complicate the Federal Reserve's job as it struggles to quash inflation and avoid an economic downturn.

The Public Company Accounting Oversight Board's inspection staff found noticeable improvements in the deficiency rates of the six largest global auditing firms.

The PS+ practice serves nearly 80 firms across the U.S. and Canada.

RSM International announced its 2024 financial results, reporting 15% growth in global fee income and 11% growth in tax revenues.

KPMG appoints new global head of audit; Weaver launches health care advisory practice; and more news from across the profession.

RSM formed an advisory body composed of three independent board members responsible for evaluating quality control and quality management within the firm's assurance practice.

KPMG International appoints global sector heads; Withum launches AI-focused website; and more news from across the profession.

Allowing for regulatory approvals and other hurdles, the two firms hope to become a single firm by the end of 2025.

The cuts include roughly 240 employees in RSM's consulting businesses, and come as demand for the profession's consulting services wanes.

Plus, Connecticut Society of CPAs installs new board; CohnReznick establishes merger integration and carve-out services practice; and more news from across the profession.