Commercial banking

The Financial Accounting Standards Board released an update to improve the requirements for identifying the accounting acquirer in business combinations.

Kamron Clifford has extensive experience in product management and leadership roles in the technology and mapping industries. Kamron is currently the Director of Product, Platform & Mobility Intelligence at Arity, where they lead a team in the development of a data ingestion and processing platform. Prior to that, Kamron worked at TomTom, where they held various positions including Director of Product Management and Senior Product Manager. Kamron has also worked at Tele Atlas, San Diego City Schools, University of Southern California, Environmental Careers Organization, Metropolitan Water District of Southern California, and Public Radio International. Kamron's experience spans across roles in product management, training, teaching, research, and communications.

Public accounting is a vibrant and strong profession and also a business, as shown in data from the latest rankings on firm revenues, partners and staff size.

Approximately three-quarters of large global companies are receiving assurance services on their sustainability reporting, according to a new report.

The findings come after a net loss of $31.7 million for the first quarter, which ended with cash, cash equivalents and short-term investments of $759 million.

House Republicans are struggling to resolve issues with President Trump's multitrillion-dollar tax package, including the SALT deduction.

The committee also proposes limiting states' ability to pay their share of Medicaid by placing a moratorium on new or increased taxes on medical providers.

Billions of dollars allocated under former President Biden's Inflation Reduction Act would be rescinded under a portion of Trump's sweeping tax package.

The proposal calls for increasing the maximum child tax credit to $2,500 and raising the estate tax exemption to $15 million.