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Senate Bill 1, the 2027 budget adjustment bill, became law Tuesday as Gov. Ned Lamont signed it as Public Act 26-68. The bill passed the General Assembly earlier this month with bipartisan support in both legislative houses, clearing the Senate 30-6 and the House of Representatives 127-21.

Over half of recruiters say AI has had a positive impact on hiring, but the majority have caught or suspected AI-enabled candidate fraud in the past year, according to a new report.

The IRS stopped $7 billion in fraudulent refunds in calendar years 2024 and 2025, and it could prevent more fraud if it had earlier access to key information returns, according to an audit report from the Treasury Inspector General for Tax Administration (TIGTA).

The AICPA, in letters to Congress, said it supports legislation in the House and Senate that would codify Treasury’s 2025 interim rule limiting beneficial ownership information (BOI) reporting to foreign-owned entities, saying the bills provide relief for both small businesses and finance professionals.

The IRS updated its FAQs on Notice CP53E with answers to four more questions, including how to determine if the QR code on the notice is legitimate.

The Financial Accounting Foundation (FAF) Board of Trustees today announced the search for a new member of the Governmental Accounting Standards Board (GASB). The seven-member, part-time Board will have an open seat beginning on July 1, 2027, when Kristopher E. Knight completes his second term on June 30, 2027.

Attorney General William Tong joined a federal lawsuit on Tuesday against the U.S. Department of Education over new limits to student loan borrowing.

The Accounting Scholarship Foundation will honor these outstanding future CPAs at the Recognition Reception in June.

Practitioners are ramping up their use of AI to support deal strategy.

The AICPA submitted almost 200 comments to the IRS this week regarding its 2026–2027 Priority Guidance Plan, encouraging the agency to concentrate on 10 areas and to continue pursuing tax simplification.

Ned Lamont secured the endorsement of Connecticut’s Democratic Party on Saturday as the two-term governor prepares to campaign for another term leading the state.

Connecticut Republicans united Saturday behind a 36-year-old state senator, Ryan Fazio of Greenwich, as their choice to push the GOP past the scandal that derailed the former convention favorite, Erin Stewart, and on to the challenge of unseating an incumbent governor for the first time in 72 years.

Taxpayers who aren’t due a refund but received a CP53E notice anyway can ignore the notice after they confirm its validity online, the Taxpayer Advocate Service (TAS) said.

Governor Ned Lamont today announced that his administration has submitted a supplemental plan to the bipartisan leadership of the Connecticut General Assembly to use funding from the state’s Federal Cuts Response Fund to mitigate the impact of federal funding reductions and other policy decisions made by the Trump administration and Congressional Republicans.

New research reveals 48% of employees incorrectly identify AI-generated workplace messages, with 74% confident in their wrong answers.

Explore resources and examples that explain how small firms can carry out monitoring procedures and document results under SQMS No. 1.

We are delighted to announce that Rachel Tressy, Executive Vice President and Chief Auditor at Voya Financial, is the recipient of this year's Jack Brooks Leadership Award and will be honored at this year's Annual Meeting.

New data shows gains in decision-making and FP&A, while other data points to ongoing accounting workflow inefficiencies.

The Chartered Institute of Management Accountants (CIMA) has published a new white paper, Reframing Business Models for a Sustainable World, warning that organisations must be prepared to continually rework their business models as global risks accelerate and interact in unpredictable ways.

May is National Small Business Month, and new research from talent solutions and business consulting firm Robert Half shows many small business leaders are optimistic about the year ahead, even as hiring grows more complex amid widening skills gaps and evolving technology.