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News
Salary first, and then everything else
2+ week, 5+ day 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"
2+ week, 5+ day 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…...
Boomer's Blueprint: Why 150 audit leaders stopped competing and started collaborating
2+ mon, 1+ week ago (527+ words) In March 2025, Jennifer faced a challenge: Her firm wanted to implement artificial intelligence for workpaper population, but nobody on the team had done it before. They could hire a consultant for $50,000 and hope for the best, or they could figure…...
How the hybrid finance workforce creates new value
2+ mon, 2+ week ago (617+ words) The accounting talent shortage is now a structural feature of the finance and accounting sector. That means the window for managing workloads through hiring has closed. Senior talent is retiring, and junior talent is choosing careers in technology and data…...
Crowdsourcing Code: Farming ideas, refining concepts
2+ mon, 3+ week ago (574+ words) Good ideas can come from anywhere, especially when informed by real world experience, a fact that some firms are leveraging to source new solutions from field staff, which serves to both rapidly expand their available tools and upskill their professionals....
Fieldguide launches long-horizon agent for audit testing
3+ mon, 5+ day ago (239+ words) Audit and advisory solutions provider Fieldguide announced the launch of Field Orchestrator, touted as a long-horizon agent capable of completing substantive testing workflows. While the specific definition can vary, in general a long-horizon agent can be described as an AI…...
Accounting is a profession, and the public should care
3+ mon, 1+ week ago (753+ words) Beginning this summer, students pursuing graduate education in accounting will be treated differently from students pursuing medicine, dentistry, or law. Under the Department of Education's final student-loan rule, graduate accounting programs are not included in the "professional degree" category that…...
Accounting talent shortage surges
3+ mon, 1+ week ago (442+ words) Among the roles that have proven to be most difficult to hire are senior accountant (43%), staff accountant (26%) and tax accountant (11%), according to the respondents. Over half (51%) of leaders ranked increased salary expectations as their biggest hiring challenge. Artificial intelligence has…...
Ramp launches Stack for accounting firms
3+ mon, 1+ week ago (174+ words) Underneath the hood, Stack agents rely on what Ramp calls a harness: the full system of tools, Skills, memory and connectors that surround the model and define how it receives tasks, accesses data, processes information and produces outputs. Ramp said…...
Sec. 163(j) after OBBBA: Leveraging cost-recovery accounting methods
3+ mon, 1+ week ago (32+ words) A variety of capitalization strategies can increase deductible interest expense now that depreciation, amortization, and depletion are again added back to adjusted taxable income in calculating the Sec. 163(j) interest limitation....