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The update aims to balance the needs of users of small and midsized entities' financial statements with resources available to SMEs. 

Springline Advisory, a PE-backed financial and business advisory firm, has partnered with EFPR Advisory, an accounting and business consulting firm in Rochester, New York.

Even though things are busy, tax pros can't afford to let their guards down on engagement letters, scope creep, data security and much more.

What makes a great accounting firm great needs to be its focus.

Helping business owners understand the flood of accounting and financial data they face is a major opportunity for accountants.

Taxpayers in Wyoming are expected to procrastinate the most on taxes this year, while taxpayers in Wisconsin are likely to procrastinate the least.

Financial advisors and other industry professionals will be integral in boosting those generations' nest eggs by double digits through a Secure 2.0 provision.

The Governmental Accounting Standards Board published a post-implementation review report on GASB Statement No. 72, Fair Value Measurement and Application.

The Top 25 Firm is the latest accounting firm to receive a private equity investment, in this case from funds advised by Apax Partners.

The Public Company Accounting Oversight Board sanctioned Natalie Murphy, a former partner at Heaton & Company, for violating rules and standards.

insightsoftware announced the launch of its new AI-powered Lineos bot, integrated across its product suite to simplify workflows and provide data-driven insights.

The Public Company Accounting Oversight Board increased its enforcement activity in 2024 to its highest level since 2017, according to a new report.

Emburse announced new AI capacities across its entire product suite, under the name of Emburse AI.

Agentic AI represents more than mere automation. It's a paradigm shift that elevates the role of accountants from transactional operators to strategic advisors.

A "massively transformative purpose" offers a shared vision — it's a north star to align every firm member toward a shared goal that transcends traditional success metrics.

A diverse range of financial investments and assets adds another layer of complexity for accountants working with family offices.

House Speaker Mike Johnson, aided by a flurry of last-minute phone calls Trump had with wavering Republicans, overcame resistance from fiscal conservatives.

Refunds without taxes; bouncing BOI; never too late for an Employee Retention Credit; and other highlights from our favorite tax bloggers.

Treasury Secretary Scott Bessent named Internal Revenue Service chief operating officer Melanie Krause as acting commissioner after the retirement of Douglas O'Donnell.

The Pennsylvania Institute of CPAs released a report analyzing how firms can attract and retain talent amid the accountant shortage.