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Latest News & Web Pages
Moss Adams spins off wealth management unit after Baker Tilly deal
1+ hour, 56+ min ago (402+ words) Moss Adams, a former Top 25 Firm that joined Baker Tilly US last year in a megamerger, has spun off its Moss Adams Wealth Management unit." It will now be renamed Threadline Wealth, backed by investment from the Cynosure Group, and…...
On the move: Bennett Thrasher adds international tax partner
2+ hour, 44+ min ago (126+ words) Weaver names pair of tax partners; RubinBrown appoints assistant managing partner; and more news from across the profession." GI series; On the eve of redemption; telecom con; and other highlights of recent tax cases. The Top 100 Firm acquired human resources…...
Fed Governor Waller urges caution for now, says rate cuts possible later in the year
4+ hour, 45+ min ago (480+ words) Federal Reserve Governor Christopher Waller on Friday expressed caution about current economic conditions but still sees the opportunity for interest rate cuts later this year. Previously an advocate for rate cuts, Waller said in a CNBC interview that recent developments…...
SEC targets auditing 'bad actors' with new enforcement team
57+ min ago (452+ words) The Securities and Exchange Commission is creating a new enforcement team to target "bad actors" in the auditing profession after the agency cut the budget of the independent board that traditionally polices those responsible for vetting company financial statements. In…...
Tax Fraud Blotter: A ghost of a chance
15+ hour, 29+ min ago (843+ words) Burlington, North Carolina: A Burlington woman has been sentenced to 25 months in federal prison after pleading guilty to helping clients file false tax returns. Tracey Hernandez, 39, pleaded guilty to one count of aiding and assisting in the filing of a…...
REDW adds HR consulting agency
16+ hour, 52+ min ago (356+ words) REDW Advisors & CPAs acquired human resources consulting agency Soaring Bird Solutions, expanding the Top 100 Firm's ability to serve tribal nations and tribal enterprises. Soaring Bird Solutions, founded in 2015, supports organizations that serve tribal governments, tribal enterprises and tribal nonprofits across…...
Accounting and tax staff worry AI threatens jobs
16+ hour, 53+ min ago (315+ words) However, accounting and tax employees aren't necessarily opposed to the use of AI. The survey found 70% of the financial services respondents believe their employers could do more to invest in AI skills, while 71% of financial services workers who responded believe…...
Springline adds SD Mayer Advisory
18+ hour, 31+ min ago (328+ words) Springline Advisory today acquired SD Mayer Advisory, expanding the Top 100 Firm's presence on the West Coast. SD Mayer, based in the San Francisco Bay Area, is a full-service accounting, advisory and wealth management firm that services privately held businesses, nonprofits…...
BDO faces investor lawsuit that could impact other firms
18+ hour, 31+ min ago (514+ words) BDO USA has been involved in a yearslong lawsuit involving the investors in a defunct hedge fund who sued the auditing firm for negligence, breach of contract and breach of fiduciary duty, and a judge recently opened the door wider…...
McConnell Jones names new managing partner
20+ hour, 26+ min ago (288+ words) McConnell Jones, the largest African American-owned CPA firm in the U.S., appointed William Taylor, Jr. to become its next managing partner at the conclusion of a two-year transition period. Upon the completion of the transition, founder and current managing partner Wayne…...