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Finance leaders from DUDE Products, e.l.f Beauty, Fireworks Over America and the Portland Pickles share how they are using AI within their finance teams.

Is it possible to get as much work done in four days as five? The answer may not be what you expect and the benefits for staff are undeniable.

The IRS on Thursday issued final regulations (T.D. 10001) that update the rules for required minimum distributions (RMDs) from qualified plans; Sec. 403(b) annuity contracts, custodial accounts, and retirement income accounts; individual retirement accounts and annuities (IRAs); and certain eligible deferred compensation plans.

The National Association of State Boards of Accountancy (NASBA) President and CEO elect Daniel J. Dustin, CPA, has selected Kent A. Absec, Brenner Allen, Esq., William A. Emmer, CPA, and Sedrik Newbern to join the leadership team at NASBA, effective August 1, 2024. These changes to leadership follow the retirement of current NASBA President and CEO Ken L. Bishop.

As a faulty update from a cybersecurity firm knocks out IT systems across the world, Bill Mew examines what went wrong, what the impact was, and what lessons need to be learned.

That’s much more than the 50% of CEOs who said the same, according to new data from Compensation Advisory Partners.

A large majority of finance chiefs say they feel the heat on sustainability issues from multiple stakeholder groups.

The are fewer CPAs, which is a problem for entrepreneurs, but while some lament the loss, others are looking to fill it.

An effort aimed at streamlining access to pertinent information for auditors of employee benefit plan (EBP) financial statements is creating concerns that auditors and firms may be subject to the risk of violations of laws, regulations, and professional standards, as well as increased financial risk.

The Internal Revenue Service could be doing a better job of cracking down on tax noncompliance by users of virtual currency or digital assets, according to a new report.

There is no more hiding from the eventuality of the effective date for new Federal regulations affecting the institutions serving students in programs leading to a license or certification. Institutions and the U.S. Department of Education (Department) have a common goal to support a student participating in an educational program leading to a state license to complete the state educational requirements to pursue their goal of becoming employed in the occupation for which they were trained and educated.

At the beginning of the legislative session, CTCPA's Governmental Accounting and Auditing (GAA) Committee proposed a change to state law to assist many municipalities and governmental auditors. The committee requested extending the deadline for filing certified reports required by the State Department of Education (SDE) from December 31 to January 31. This extension would provide much-needed relief for municipalities and auditors, recognizing the challenges school districts face in meeting the December 31 deadline and allowing for a more systematic and less stressful process.

Gen Z accountants are using the popular social media platform TikTok to gain clients and increase their brand awareness. Should you be setting up an account?

As part of continuing compliance efforts under the Inflation Reduction Act, the Internal Revenue Service today announced the agency has surpassed the $1 billion mark in collections from high-wealth taxpayers with past-due taxes.

What can be done to make the finance profession more attractive to the next generation of students? AccountingWEB’s Jake Smith speaks to Cassie Petrie, MD for SMB in EMEA at SAP Concur about tackling the talent shortage and the role technology can play.

A study conducted by the Center for Audit Quality (CAQ) found that the number of financial restatements filed with the SEC fell by more than 50% over a recent 10-year period.

The following is intended to provide an overview of certain legislation enacted during the 2024 regular session of the Connecticut General Assembly. The information below is not intended to be a complete analysis of each and every aspect of recently enacted legislation but is intended to inform and alert taxpayers and practitioners of the enactment of such legislation. The Department will issue additional and more detailed guidance regarding certain aspects of the legislation and will post such information to its website as it becomes available.

The IRS issued final regulations for reporting digital assets (T.D. 10000) that provide guidance on information reporting and the determination of amount realized and basis for certain digital asset sales and exchanges.

Nearly 100 laws that the Connecticut General Assembly passed during the 2024 legislative session go into effect on July 1.

Questions about accuracy and security could be slowing the adoption of generative AI in business, especially in such an exacting field as accounting.