In an ideal world, your general ledger is streamlined, automated, and error-free financial reconciliations. Yet, in reality, when it comes to reconciling, most accountants still find themselves defaulting to Excel. Despite advancements in technology, reconciling accounts within GL platforms remains tedious, error-prone, and inefficient. So, why does this persistent gap
Andersen Group, the resurrected version of the former accounting giant Arthur Andersen, has made plans to go public, submitting a draft registration statement on Form S-1 with the Securities and Exchange Commission. The firm said Monday the registration relates to a proposed initial public offering of its common stock. But
The International Auditing and Assurance Standards Board is proposing to tailor some of its standards to align with recent additions to the International Ethics Standards Board for Accountants’ International Code of Ethics for Professional Accountants when it comes to using the work of an external expert. The proposed narrow-scope amendments
It’s that time of the year again! Accounting Today is now accepting submissions for its annual VAR 100 Survey, where we list the top value-added resellers in the accounting space. Our deadline this year is end of day, May 23. There is no cost whatsoever to take part. If your
The Iowa Society of CPAs announced Carrie Steffen as its next CEO, effective May 19. Steffen succeeds Dawn Latham, who resigned from the role in November. Ardis Kelley, former executive at the Federal Home Loan Bank of Des Moines and ISCPA member, is serving as interim chief executive through May
President Trump’s “big, beautiful bill” extending the expiring provisions of the Tax Cuts and Jobs Act and adding more tax breaks is making progress in Congress, with key moves expected in May after lawmakers return from recess. Earlier this month, House Republicans narrowly passed a budget blueprint echoing the budget
Accounting practice management software provider Canopy announced a $70 million Series C funding round. Viking Global Investors led the round, with continued participation from existing investors Ten Coves Capital, Ankona Capital, Pelion Venture Partners and Tenaya Capital. The announcement follows the success of a $35 million round in May 2024.
Baker Tilly and Moss Adams have made their merger official, combining to form what promises to be the sixth largest CPA firm in the U.S. Rumors of the impending merger began to leak out earlier this month. The two firms plan to combine under the Baker Tilly name. Moss Adams
Gary Shapley, who was named only days ago as the acting commissioner of the Internal Revenue Service, was removed by President Trump and replaced by Deputy Treasury Secretary Michael Faulkender amid a power struggle between Treasury Secretary Scott Bessent and Elon Musk. The New York Times reported that Bessent was
Medius, an AP automation solutions provider, announced the appointment of John Seery as its chief technology officer. In his role, Seery will be responsible for driving greater efficiencies within Medius’s technology stack and ensuring the company continues to implement innovative use of intelligent capabilities including AI and machine learning in