News
Wyden, Finance panel Democrats seek investigation of DOJ fund
12+ hour, 16+ min ago (335+ words) Democrats on the Senate Finance Committee called on chairman Mike Crapo (R-Idaho) Friday to launch a bipartisan probe into the Justice Department's new fund for victims of government weaponization. Led by ranking member Ron Wyden (D-Ore.), the letter slams the…...
Trump hits Democrats on crime, taxes to boost NY's Lawler
12+ hour, 22+ min ago (588+ words) President Donald Trump assailed Democrats over crime levels in blue jurisdictions as he sought to boost one of the Republican Party's most vulnerable lawmakers during a campaign stop in New York. "The streets are dirty. The crime is out of…...
In the blogs: Global tax gods
7+ hour, 37+ min ago (123+ words) Dangerous procedural traps; justification for change; unexpected tax exposure; and other highlights from our favorite tax bloggers. Curiosity, not just compliance The Internal Revenue Service received approximately $3. 2 billion in unidentified payments from fiscal years 2022 through 2024. Centri Business Consulting plans to…...
Centri scores $20 M credit facility from Citizens Financial
7+ hour, 42+ min ago (356+ words) Centri said Tuesday the funds would be used for the next phase of its strategic growth plan, focusing on acquisitions and talent investments at every level, including key leadership and partner hires, across each market in which the firm operates....
IRS receives billions in unidentified payments
7+ hour, 42+ min ago (373+ words) The Internal Revenue Service received approximately $3. 2 billion in unidentified payments from fiscal years 2022 through 2024 and, while it was able to identify the majority of it, $218 million was left unresolved, according to a new report. The report, released Tuesday by the…...
NASBA's CPA exam reporting problems are improving, but not solved
11+ hour, 40+ min ago (269+ words) Earlier this fall, I published an op-ed raising concerns about discrepancies in NASBA's publicly reported 2024 CPA Exam performance data in "The NASBA Report: Candidate Performance on the Uniform CPA Examination - 2024 Edition." NASBA has been issuing these reports for 45 years, but…...
The AI Pecora Moment: who will conduct the examination?
1+ day, 14+ hour ago (653+ words) Pecora was a lawyer who thought like a forensic accountant. He understood that the most important disclosures are not the ones witnesses volunteer. They are the ones that emerge under sustained adversarial examination'when the comfortable narrative runs out of room,…...
CAS delivers 'the keys to the kingdom"
4+ day, 4+ hour ago (639+ words) Client accounting services isn't just one of the most successful new practice areas an accounting firm can launch, says industry expert Jim Bourke: It can also turbo-charge a much wider advisory practice. "CAS is a growth engine," Bourke told attendees…...
Best Firms to Work For deadline is fast approaching
4+ day, 8+ hour ago (270+ words) The list, which ranks the best workplaces in the accounting profession across the country and is now in its 19th year, will be released later in 2026, with the annual report appearing in the September issue of Accounting Today. Members of the…...
On the move: AAM names Karen Waga 2026 Marketer of the Year
4+ day, 12+ hour ago (136+ words) These summaries were drafted using AI and subjected to editorial review. Plus, Paychex announces WISE AI Platform; KPMG creates chief product officer role; and other accounting tech updates. Plus, GASB looks for a new board member; Cohn Reznick launches a…...