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News
Armanino, CBIZ and others win AI awards
2+ mon, 2+ week ago (219+ words) The AI Native Accounting Foundation gave out its first-ever AI Native Accounting Awards last week, with the winners including Top 100 Firms CBIZ, Armanino and others. The winners, who were highlighted last week at the Scaling New Heights Conference in Orland,…...
On the move: Wolf launches a TAS practice
3+ mon, 2+ day ago (154+ words) Wolf & Co. launches a transaction advisory services practice; MarcumAsia launches a SPAC and de-SPAC practice; CrossCountry elevates two co-CEOs; and other firm and personnel news from across the profession. These summaries were drafted using AI and subjected to editorial review....
Wells Fargo CEO sees 'more downside' to U.S. economy as lower-income consumers struggle
1+ year, 4+ day ago (306+ words) Wells Fargo CEO Charles Scharf said Wednesday that while corporations and higher-income consumers are thriving, lower income Americans are struggling to stay afloat. The bank's data shows that "companies are in really great shape" and spending and debt repayment rates…...
PwC, EY lay off executive assistants as AI accelerates
3+ mon, 3+ week ago (732+ words) PwC's U.S. arm laid off about 600 executive assistants, recruiters and other support staff in February, according to people familiar with the situation. The cuts followed months of uncertainty among the Big Four accountancy's non-client-facing employees after restructuring plans were announced last…...
Lewis Group CPAs adds specialty-trades firm
3+ mon, 3+ week ago (131+ words) Lewis Group CPAs acquired specialty-trades accounting firm Atlas Accounting Group in April, expanding its presence in the Pacific Northwest, according to a report by the Vancouver Business Journal. The deal combines Atlas's trades specialty and Lewis's full-service tax practice. Regional…...
FASB adds research project on data infrastructure and private credit
5+ mon, 1+ week ago (211+ words) The Financial Accounting Standards Board has added a new project to its research agenda to study current trends and emerging issues in areas such as data infrastructure investments and nontraditional lending, including the private credit market, which has recently come…...
Remembering Roger Russell and Jeff Stimpson
7+ mon, 23+ hour ago (177+ words) Roger attended Princeton University and New York University Law School and worked at CCH for six years before joining Accounting Today. He was very proud of his Scottish heritage and often attended the annual Tartan Day Parade. Roger was always…...
On the move: BerryDunn names first chief transformation officer
7+ mon, 1+ day ago (110+ words) Two of our longtime cherished colleagues at Accounting Today have passed away: Roger Russell and Jeff Stimpson. The Wisconsin legislature passed a bill that establishes an additional pathway to CPA licensure, and it awaits Gov. Tony Evers' signature. Centri promotes…...
Tax Court sets precedent on R&D credit for agriculture
7+ mon, 4+ day ago (386+ words) The U.S. Tax Court issued a ruling saying that innovations in livestock production can qualify for the research and development tax credit, establishing new case law in an emerging field. Tax Court Judge Travis Greaves made a number of jokes in…...
On the move: Prager Metis names next CEO
8+ mon, 4+ 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…...