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Latest News & Web Pages
The changing world of government financial reporting
6+ hour, 13+ min ago (523+ words) The serious new pressures facing governments of all sizes are changing their financial reporting, says Joel Black, the chair of the Governmental Accounting Standards Board " and GASB has a lot of projects underway to help them. Thanks for having me,…...
Trump floats temporary US gas tax halt as pump prices soar
9+ hour, 24+ min ago (917+ words) President Donald Trump voiced support for a gasoline tax holiday to counter rising prices at the pump, as the cost of oil soars while the war with Iran drags on. Trump told reporters at the White House that he'll seek…...
Whitman launches leadership development group
9+ hour, 53+ min ago (298+ words) As accounting firms scale to meet increasingly complex client needs, leadership structures can fragment across different roles, geographic offices and generations. The new platform, called CPA Leadership Group, is designed for Top 100 Firms to help firms create unified organizational structures…...
Series of court decisions weaken Democrats' odds of winning the House
16+ hour, 51+ min ago (268+ words) Two court rulings in the past two weeks have hit the chances that Democrats flip control of the House in November, according to traders on prediction markets platform Kalshi." Odds that the party wins control of the lower chamber have…...
AICPA asks IRS for guidance on excise tax at nonprofits
12+ hour, 24+ min ago (226+ words) The American Institute of CPAs is asking the Internal Revenue Service and the Treasury Department for more information on a provision of the One Big Beautiful Bill Act imposing an excise tax on tax-exempt organizations whose top executives are paid…...
Internal auditors confront fraud risks
12+ hour, 24+ min ago (278+ words) The report, released Monday by the Center for Audit Quality, the Institute of Internal Auditors and the Anti-Fraud Collaboration (which includes the CAQ, the IIA, as well as Financial Executives International, the Association of Certified Fraud Examiners and the National…...
Grant Thornton launches unified AI-enabled audit platform 'gtap"
15+ hour, 40+ min ago (348+ words) Top 10 Firm Grant Thornton announced the launch of gtap, a proprietary audit infrastructure intended to redefine how the firm performs audits by moving beyond traditional, labor-intensive procedures." Gtap replaces all the disparate audit tools used previously into one intelligent and…...
NYC tax plan that angered rich is proving difficult to design
16+ hour, 21+ min ago (1237+ words) New York officials are trying to give shape to the pied--terre tax proposed by Governor Kathy Hochul, with significant questions about how the levy would work still unresolved amid broader Democratic discord over the state budget. Last month, Hochul…...
New York's Hochul to back Trump's tax credit for school choice
16+ hour, 21+ min ago (519+ words) New York Governor Kathy Hochul is planning to participate in President Donald Trump's controversial federal school choice program, according to a statement Friday." "Governor Hochul is supportive of the federal tax credit scholarship and its potential to help New York…...
AI cannot audit itself, and the profession knows why
16+ hour, 21+ min ago (608+ words) The Great Depression left behind a layered system of protections to keep the problems leading up to it from ever happening again. One was the modern standardized audit opinion, developed after the 1929 crash in response to the catastrophic failure of…...