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Shopping News / Articles
The CHIPS Act's GAAP gap: FASB's fix arrives too late to help
5+ hour, 16+ min ago (602+ words) For practitioners advising any company in the semiconductor supply chain, that's a live problem right now, not a hypothetical one. U.S. companies had no equivalent standard to reach for. The only guidance on the books, ASC 832, required a company to describe…...
EY global revenue increased to $57B
3+ day, 3+ hour ago (352+ words) Ernst & Young announced its global revenues increased 4.7% to $57 billion in the fiscal year ending June 2026, with each of EY's service lines and geographic areas posting revenue increases over the past year. The Big Four firm saw a 49% growth in sales…...
How offshoring can alleviate the CPA middle manager crisis
3+ day, 3+ hour ago (477+ words) Almost every firm partner I speak with tells me how hard it is to find middle managers, let alone retain them. In fact, the Tri-Merit/Brainstorm Group annual CPA Career Satisfaction Survey consistently shows middle managers are the least satisfied…...
Audit committees need an AI evidence pack, not just more AI expertise
4+ day, 2+ hour ago (906+ words) Artificial intelligence is moving onto audit committee agendas faster than many committees are becoming comfortable overseeing it. Those findings may prompt boards to add more technology expertise. That can help, but expertise alone will not solve the oversight problem. An…...
Deloitte fined £6M by FRC over go-ahead group auditing
4+ day, 2+ hour ago (306+ words) Deloitte LLP was hit with a more than £6 million ($7.9 million) fine by a U.K. regulator over audits of the Go-Ahead Group Ltd. The Financial Reporting Council said on Thursday that Deloitte "failed to enquire sufficiently, failed to apply sufficient…...
Former IRS chief teams with AICPA on AI tax risk group
4+ day, 5+ hour ago (535+ words) Former IRS Commissioner Danny Werfel and the AICPA are teaming up to form a new working group, the Council on AI Risk in Tax, or CART, that brings together leaders from accounting, law, technology, government and academia to advance responsible…...
Trump says he's considering gas tax suspension to ease costs
5+ day, 4+ hour ago (483+ words) President Donald Trump said that he is weighing a potential suspension of the federal gas tax, as his administration looks for ways to ease high energy costs ahead of November's midterm elections. "Well, we're thinking about that," Trump said Tuesday…...
NYC can proceed with pied-a-terre tax as court weighs appeal
5+ day, 3+ hour ago (511+ words) New York City can proceed with the rollout of its pied-à-terre tax while an appeals court considers a legal challenge. A Staten Island judge's Sept. 29 ruling blocking the tax's implementation was put on hold Monday by the Brooklyn-based appeals court,…...
Goldman Sachs ensnared in EY data breach earlier this year
5+ day, 2+ hour ago (246+ words) Goldman Sachs Group Inc.'s data was exposed earlier this year in a hack of accounting firm EY, according to a person familiar with the matter. The bank's systems weren't affected by the attack, a Goldman spokesperson said in an…...
Work-life balance is possible even for your startup clients
4+ day, 23+ hour ago (594+ words) To most entrepreneurs, the words "startup" and "work-life balance" don't seem to belong in the same sentence, especially in the frantic early years of a venture. But I can tell you from first-hand experience that it's possible, just not in…...
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