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News
AI solves one bottleneck for accountants, and creates another
1+ mon, 3+ week ago (831+ words) Every major technology shift removes one constraint and exposes another. Cloud removed the constraint of location. Automation removed much of the repetitive work. Now artificial intelligence is making it dramatically easier to identify opportunities hidden inside mountains of client data....
Ascend acquires Kreischer Miller
2+ mon, 4+ day ago (283+ words) Top 25 Firm Ascend acquired Regional Leader Kreischer Miller in Horsham, Pennsylvania. Kreischer Miller is a full-service accounting and advisory firm serving clients in the Greater Philadelphia and Lehigh Valley areas. It is an Accounting Today Mid-Atlantic Regional Leader with $59.6 million…...
Can AI choose your client's business structure? What it gets right (and wrong)
2+ mon, 2+ week ago (386+ words) As someone who's helped hundreds of thousands of business owners navigate the entity selection process, I want to give you an honest look at where AI can be a helpful starting point, and why accounting professionals and other trusted specialists…...
First Brands creditor sues auditor BDO over missed red flags
4+ mon, 1+ week ago (701+ words) A lender that owns First Brands Corp. debt sued auditor BDO USA P.C., alleging it failed to detect problems at the auto parts supplier before it collapsed into bankruptcy and federal prosecutors accused founder Patrick James of fraud. Funds managed by…...
Updated Investor Alert: Don’t get “-ished” – Tips to Protect Your Investment and Financial Accounts from Phishing, Smishing, and Vishing Scams
4+ mon, 2+ week ago (359+ words) What are phishing, smishing and vishing? What type of information do these scammers want and why do they want it? Fraudsters use “-ishing” scams to steal personal information that may allow them to gain access to your e-mail, financial, or…...
Regulators are reportedly zeroing in on suspicious trades ahead of market-moving Trump post
4+ mon, 3+ week ago (307+ words) U.S. derivatives regulators are examining a handful of unusual oil futures trades that took place minutes before a surprise announcement by President Donald Trump signaling a pause in attacks on Iran, according to Bloomberg News. The investigation is being spearheaded by…...
Tax season is a reminder that email is also a compliance channel
5+ mon, 6+ day ago (868+ words) We are in the throes of tax season, one of the busiest times of year for accountants and financial professionals, and one of the most sensitive when it comes to data. The IRS expects more than 164 million Americans to file…...
The shift from annual tax planning to always-on strategy
5+ mon, 1+ week ago (1021+ words) We are in the relative early stages of a shift that many tax practitioners still underestimate. Artificial intelligence is already embedded in the systems we use, the data we analyze, and the expectations our clients now bring to the table....
Crypto firm linked to Trumps plans $100M buyback
7+ mon, 2+ week ago (324+ words) Alt5 Sigma Corp., a thinly traded financial-technology firm with ties to a Trump family crypto venture, authorized a share buyback of up to $100 million, enough to repurchase as many as 50 million shares. Alt5 shares rose to $2.28 as of 12:20 p.m. in New York, though…...
On the move: Prager Metis names next CEO
8+ mon, 3+ day ago (133+ words) PCAOB appoints new acting general counsel and acting director of the PCAOB's Division of Enforcement and Investigations; RSM admits 48 to partner; and more news from across the profession. Plus, Data Ramp solution lets people process data without moving it; Rillet…...