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Latest Articles
Ship versus swarm
18+ min ago (737+ words) An advisory firm owner told me something a few weeks ago that has been stuck in my mind ever since: "Kyle, most firms are aircraft carriers. They're too slow. We're more of a pirate ship." He was joking, mostly. It…...
Thomson Reuters develops independent AI frontier model 'Thomson' in push for 'AI sovereignty"
4+ hour, 18+ min ago (413+ words) Thomson Reuters announced the launch of its independently developed AI frontier model Thomson, which the company plans to deploy throughout its legal and tax portfolio over time, starting with Tabular Analysis inside CoCounsel Legal, where it now provides high-volume document…...
Can AI ruin professional education?
4+ hour, 46+ min ago (459+ words) Artificial intelligence is defined as the capability of computer systems or algorithms to imitate intelligent human behavior — the key word being "intelligent." AI is quickly changing the way in which students consume educational content, revise and practice questions. The benefits…...
HBK takes outside investment
22+ hour, 15+ min ago (358+ words) H.I.G. is an alternative investment firm based in Miami with $75 billion of capital under management. The transaction, which is with HBK's first institutional partner, is expected to close in the fourth quarter of 2026. HBK, based in Canfield, Ohio, ranked No. 49 on…...
Salary first, and then everything else
1+ day, 3+ hour ago (371+ words) When the millennials first started entering the accounting profession at the very beginning of the century, hiring managers and firm partners were astonished to discover in salary negotiations and annual reviews that this new generation often brought up other priorities…...
Guggenheim's Walsh says accounting at GPI unit was 'appropriate"
1+ day, 3+ hour ago (353+ words) Guggenheim Partners is working with regulators as they probe a business accounting issue at one of its subsidiaries, according to Anne Walsh, chief investment officer of the firm's asset-management business. "We have been very open with regulators and very cooperative…...
Xerocon 2026: use AI but stay aware of security risks
1+ day, 4+ hour ago (581+ words) Another big security hole, she said, is that while an LLM's reasoning packets can be encrypted, this encryption can also be broken by another LLM, and not even necessarily a more advanced one. For example, if someone has a big…...
What successful M&A looks like
2+ day, 3+ hour ago (1162+ words) Acquiring another accounting firm may seem like a quick and easy way to boost growth — particularly when compared to the slow slog of building up business organically — but it's really neither quick nor easy. For many of this year's Fastest-Growing…...
Will AI replace accounting firms in the small biz market?
2+ day, 3+ hour ago (944+ words) Because of artificial intelligence, small-business owners today have choices that they never had before. Financial reporting is just one of the areas where AI can reduce costs the most, especially for companies with $10 million to $70 million in revenue. Today, many…...
The 2026 Salary Survey: Inching upward
2+ day, 4+ hour ago (447+ words) Accounting base salaries inched up again over the past year, while bonuses for lower-level employees decreased. Accounting Today and its parent company Arizent conducted our third annual salary survey, collecting responses from accountants from firms of all sizes regarding their…...