Analise Olszewski Experts are calling 2026 “the year of the flip,” expecting some of the earliest accounting firms that signed private equity deals to reach their first “turn,” when the PE partners look to realize their return by selling on their stake. But 2025 already saw accounting’s first flip, all
The trustees overseeing the Financial Accounting Foundation have named three new members of the Governmental Accounting Standards Advisory Council and reappointed 11 current members for another term starting in the New Year. Processing Content The GASAC provides input to the Governmental Accounting Standards Board, which the FAF oversees, on strategic
Finance and accounting leaders ranked artificial intelligence, digital transformation and need for new skills above innovation and growth as the top issues facing the profession, in a recent poll. Processing Content The Association of International CPAs & Chartered Institute of Management Accountants held the Future of Finance Summit last week,
Nine organizations including the American Institute of CPAs have sent a letter to the U.S. Department of Education expressing strong opposition to draft regulations that would exclude accounting from recognition as a professional degree program, urging accounting programs be included in the proposed rule. Processing Content Last month, the Department
The Securities and Exchange Commission is planning to encourage greater cooperation between U.S. and international standard-setters on accounting and auditing standards as a way to lower costs and complexity for multinational companies, while putting pressure on the International Financial Reporting Standards Foundation to improve its funding and place less emphasis
Tax accountants and lawyers detail the arduous process wealthy New Yorkers would have to face to avoid paying New York State and city taxes.
The move by the parent company of ChatGPT is meant to help imbue Thrive Holdings’ accounting and I.T. services companies with artificial intelligence tools.
The American Accounting Association, a group of accounting scholars and educators, is calling on the U.S. Department of Education to reverse course after the department proposed to remove accounting and other traditional professions from its definition of “professional degree” programs in a bid to reduce student loans. The AAA is
The Financial Accounting Standards Board decided during a meeting Wednesday to add a project to its technical agenda related to the accounting for cryptocurrency asset transfers. The project will include expanding the scope of an existing standard from 2023 on crypto assets to address wrapped tokens and receipt tokens, as
The Financial Accounting Standards Board released an accounting standards update Wednesday aimed at improving the accounting for purchased loans as it confronts a potential threat to its funding from Republicans in Congress. The accounting standards update would amend FASB’s credit losses standard in response to stakeholders who raised concerns about