Firm Management September 13, 2023
EY Falls Just Shy of $50 Billion in Global Revenue for 2023
The Big Four firm said it invested $1.4 billion in AI in 2023, including launching a new AI platform, EY.ai, and a large language model.
Firm Management September 13, 2023
Cherry Bekaert Picks Up Outsourced Accounting Firm
The top 30 firm has gained 250 employees and three new offices with its acquisition of Cordia Partners and Cordia Resources.
Taxes September 12, 2023
IRS Releases Initial Guidance on Section 174 Amortization
Notice 2023-63 includes interim rules on the capitalization and amortization of specified research or experimental expenditures.
Taxes September 8, 2023
IRS is Using AI to Identify Wealthy Tax Cheats for Audit
The agency is opening examinations of 75 of the largest partnerships in the U.S. that on average have over $10 billion in assets.
Accounting September 7, 2023
FASB OKs New Crypto Assets Standard
The new rules will require certain cryptocurrency assets, such as Bitcoin and Ethereum, to be measured at fair value.
Taxes September 6, 2023
Are There Conflicts of Interest Between the IRS and Accounting Firms?
In a report, TIGTA identified employees moving between large accounting firms and the IRS, often referred to as the “revolving door.”
Taxes September 6, 2023
Businesses Must E-file Form 8300 in 2024, IRS Says
This new requirement follows final regulations amending e-filing rules for information returns, including Forms 8300, released in February.
Firm Management September 6, 2023
Deloitte Nearly Hits $65 Billion Revenue Mark in 2023
Deloitte's record $64.9 billion in revenue in FY 2023 is a 9.3% increase over last year's total of $59.3 billion.
Firm Management September 5, 2023
Forvis Sees Revenue Grow 13% One Year After DHG/BKD Merger
The top 10 firm recorded revenue of $1,685,539,000 for the fiscal year ending May 31.
Auditing September 5, 2023
Warren Averett Was the Recipient of a First-Ever Penalty From the PCAOB
The top 50 firm was fined $200,000 for auditor independence violations related to its membership in an accounting alliance.
Firm Management August 31, 2023
What Accountants Had to Say About the CPA Firm Business Model—and Why it Needs to Evolve
Since BDO USA recently changed from a partnership to a corporation, the CPA firm business model mentality is starting to change.
Accounting August 30, 2023
CPA Firm Managing Partner Weighs in on How to Rebuild the Talent Pipeline
Fixing the crumbling talent pipeline in accounting was a topic that came up during a session at “Bridging the Gap” on Aug. 29.
Contributors
Amy Vetter
CPA, CITP, CGMA
Becky Livingston
Accounting & AI Marketing Consultant
Brian Tankersley
CPA, CITP, CGMA
Garrett Wagner
CPA, CITP, CEO and Founder of C3 Evolution Group
Jim Boomer
CPA, CITP, CEO
Ken Berry, JD
CPA Practice Advisor Tax Correspondent
Kristy Short, Ed.D.
Accounting Content Specialist
Mary Girsch-Bock
Contributing Writer
Randy Johnston
MCS, MCP
Roman Kepczyk
CPA, CITP, CGMA
