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Accounting firms are facing unprecedented challenges. With the rise of automation, changing client expectations, and staffing challenges, traditional differentiation strategies—competitive pricing, incremental service improvements, or modest...
Enjoy complimentary access to top ideas and insights — selected by our editors. The Consumer Financial Protection Bureau, the Internal Revenue Service and the Department of...
Although filing season began smoothly and proceeded with little fanfare, there are still some issues that are on the minds of tax pros. “While it began...
To improve firm profitability, local firm Watts, Taber and Fiske has made an innovative move to reduce full-time starting salaries for new college recruits to $38,000. ...
The International Ethics Standards Board for Accountants is mulling changes in its auditor independence standards for audits of collective investment schemes involving connected parties and pension...
The Internal Revenue Service has reportedly axed more jobs at the height of tax season, placing 50 senior IT leaders on administrative leave, on top of...
The Public Company Accounting Oversight Board’s inspection staff found noticeable improvements in the deficiency rates of the six largest global auditing firms, according to a report...
The Governmental Accounting Standards Board is looking for feedback on its preliminary proposals associated with accounting and financial reporting for severe financial stress and probable dissolution...
Enjoy complimentary access to top ideas and insights — selected by our editors. A friend’s son asked if he could meet with me, and I was...
The American Institute of CPAs’ Accounting and Review Services Committee clarified a standard on financial statement preparation as part of a client advisory services engagement. The...
