News

The Financial Accounting Standards Board (FASB) today published a proposed Accounting Standards Update (ASU) focused on targeted improvements to the FASB Accounting Standards Codification®. Stakeholders are encouraged to review and provide input on the proposed ASU by November 19, 2026.

A firm can have the right plan for change, but it still needs people to make it work. Culture is what helps turn that plan into something that lasts.

So far, it’s proving easier to assess the ROI of other business transformations than that of artificial intelligence.

Multifactor authentication, IP PINs, and secure online accounts add layers of protection.

If the first half of 2026 is any indication, opportunities for CFO roles at large companies are on the rise — and younger candidates are getting a closer look.

U.S. and global economic confidence improved in the third quarter, though inflation, cost pressures, and geopolitical uncertainty remain top concerns. Hiring sentiment strengthens as inflation and cost pressures remain top concerns.

Artificial intelligence now presents one of the most important strategic choices facing accounting firms: how to capture meaningful productivity gains while protecting quality, confidentiality, and professional judgment. Most accountants have developed experience with generative artificial intelligence tools through experimentation, but that is no longer enough. The time has come for firms to move from informal use to a structured plan for integrating both generative and agentic artificial intelligence safely, responsibly, and measurably. This article outlines a practical framework to help firm leaders do that.

IRS enforcement activity declined in fiscal year 2025 after staffing levels fell and supplemental funding was exhausted, even as taxpayers paid a record $5.3 trillion in federal tax revenue, an agency watchdog said in a report.

Speaking to the Illinois CPA Society on Thursday, Fifth Third Bank’s Chief Economist Jeffrey Korzenik suggested baby boomers have likely played a role in keeping the economy afloat, for now.

Artificial intelligence has been promising big things for accountants, but the reality is a little different. The AccountingWEB community shares where it’s actually helping and where they’re still not convinced.

Nicola, Yester & Company, P.C. is delighted to celebrate its 40th anniversary, marking four decades of dedicated service to businesses and individuals, along with a longstanding commitment to supporting charities and community organizations.

https://www.journalofaccountancy.com/news/2026/aug/irs-should-automate-name-address-changes-aicpa-says/

The AICPA is supporting federal disaster relief legislation that awaits the president’s signature after Senate approval and urging Congress to provide permanent relief for victims.

The IRS has launched a digitally authenticated Tax Compliance Report that taxpayers can use to verify their tax compliance when applying for a job, a loan, a government benefit, or other services.

The Department of the Treasury and the Internal Revenue Service today issued proposed regulations on eligible investments for Trump Accounts, a new type of traditional IRA under the Working Families Tax Cuts.

The Financial Accounting Standards Board (FASB) today published a proposed Accounting Standards Update (ASU) intended to clarify how the current definition of cash equivalents applies to certain digital assets, such as stablecoins, and to increase transparency about the significant components of cash equivalents. Stakeholders are encouraged to review and provide comments on the proposed ASU by November 19, 2026.

The Internal Revenue Service and Security Summit partners today reminded tax professionals to protect client data with a Written Information Security Plan.

Two CTCPA members were named to the Hartford Business Journal's '40 Under Forty' list: Jay Civittolo of CohnReznick LLP and Jason Correia of CLA.

A firm's first full-time employee is a major milestone — one that requires more thought and planning that you might expect, according to Rebecca Himango, the founder of illuminHR, who walks firms through building up the infrastructure they need to support a growing workforce.

QC 1000 Questions and Answers is the latest in the PCAOB’s efforts to provide implementation information and resources