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News
Who gets blamed when AI goes wrong?
1+ mon, 2+ week ago (282+ words) Who is ultimately responsible for an organization's AI, and who is to blame when it goes wrong? Looking deeper into the role of the vendor, Avalara said that in 17% of cases, the contracts state that the vendor bears only minimal…...
Xero founder returns New Zealand prize after misconduct claims
4+ mon, 5+ day ago (351+ words) Rod Drury, the founder of ASX-listed accounting software firm Xero, has handed back the New Zealander of the Year prize he won just weeks ago following allegations of sexual misconduct involving former employees. Drury denies the allegations made by three…...
Forvis Mazars expands health care consulting
6+ mon, 1+ week ago (399+ words) Forvis Mazars acquired The Innova Group, expanding the Top 10 Firm's health care consulting platform, effective March 1. Innova advises hospitals and health systems nationwide. The transaction adds nine executives, nearly 50 employees and a new office in Tucson, Arizona. "We are always…...
Accounting undergrad enrollment rises for third year
7+ mon, 3+ week ago (363+ words) Data from the National Student Clearinghouse's Final Fall Enrollment Trends 2025 showed overall accounting undergraduate enrollment grew by 7.3% year over year in the semester of fall 2025, compared to 1.2% for enrollment across all majors. That comes after an 11.3% rise in enrollment for…...
PCAOB releases guidance on audit evidence standard
11+ mon, 1+ week ago (242+ words) The Public Company Accounting Oversight Board released new staff guidance to help auditors implement requirements of AS 1105, Audit Evidence. The amended paragraph.10A of AS 1105 addresses auditor responsibility for evaluating the reliability of external information provided by the company in electronic…...