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Tax Fraud Blotter: Own nothing, control everything
2+ hour, 2+ min ago (1164+ words) Denver: Four Colorado residents were convicted of conspiracy to defraud the U. S. for their roles in an abusive trust tax evasion scheme that caused approximately $40 million in losses. Marcia Predmore, Roderick Prescott, Suzanne Thompson and Weldon Wulstein promoted an illegal "layered…...
Firms shouldn't spend more time and effort buying software than hiring people
7+ hour, 44+ min ago (745+ words) Here's something that's always puzzled me about the cautious, analytical people who tend to run accounting firms: They will spend months selecting a $100, 000 piece of equipment or agonizing'over a $3, 000 per month software subscription. Yet they'll be pretty casual about hiring…...
Baker Tilly acquires Anchin
1+ day, 10+ hour ago (208+ words) Top 10 Firm Baker Tilly today announced it will acquire Top 100 Firm Anchin, Block & Anchin, and will move its headquarters from Chicago to New York City. Russell Shinsky, managing partner of Anchin, will serve as Baker Tilly's New York managing principal…...
Tax research AI usage doubles, more considering alternative billing models
2+ day, 11+ hour ago (215+ words) The number of tax practitioners using AI for research has nearly doubled in just a year, which is increasingly leading them to explore alternative billing models." Of these, 25% have access to Tax GPT, 22% have access to Blue J, and 17% have…...
Fieldguide launches long-horizon agent for audit testing
3+ day, 11+ hour 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…...
Women aren't giving up, they're recalculating
3+ day, 11+ hour ago (727+ words) Public accounting has its own version of this story. None of that reduces ambition. It reduces available capacity, and firms often mistake the two. And now those same professionals are being asked to absorb yet another major shift, as AI…...
The AICPA asks: Are you ready for accounting in 2040?
3+ day, 12+ hour ago (744+ words) By the time 2040 rolls around, you may not recognize the work accountants are doing, how they're doing it, or how they prepare for and manage their careers, according to a major new report from the AICPA and CIMA. Built on…...
New AICPA chair pitches a people-first profession
4+ day, 48+ min ago (1448+ words) A big college baseball fan, Jan Lewis steps up to the plate with her eyes on championing the needs of all members....
Bitcoin is cratering, but a new Wall Street crypto hype is on the rise
5+ day, 16+ hour ago (608+ words) In one very small, and at least to date obscure, corner of the crypto market, investors are rushing in rather than heading for the exits. So-called HYPE exchange-traded funds are taking in new assets from investors at a time when…...
Financial restatements drop 18%
6+ day, 2+ hour ago (253+ words) Corporate restatements dropped by almost a fifth (18%) in 2025, according to a new report, continuing a long-term trend of decreases. At 391, last year had the second-lowest number of restatements in the past 20 years, according to Ideagen Audit Analytics' new "Financial Restatements…...