Auditing May 14, 2024
PCAOB Replaces Old Quality Control Rules With a New Standard
The new quality control standard will require audit firms to annually evaluate their QC systems and report the results to the PCAOB.
Auditing May 14, 2024
New PCAOB Rules Would Push Auditors to Assemble Final Documentation More Quickly
As part of a new standard adopted May 13, the time period to assemble a final set of audit documentation would be cut from 45 to 14 days.
Firm Management May 10, 2024
PwC Admits 158 to Partnership
The class of 2024, which includes 88 partners and 70 principals, is significantly smaller than last year’s class of 258.
Taxes May 9, 2024
IRS: No Change in Tax Interest Rates for Q3 2024
Starting on July 1, the rate for overpayments and underpayments for individuals will be 8% per year, compounded daily.
Firm Management May 9, 2024
CLA Acquires U.K. Tech Company Engine B
The acquisition of Engine B, a provider of generative AI solutions to the professional services industry, is CLA's first global deal.
Firm Management May 9, 2024
Sikich Secures $250 Million in PE Funding From Bain Capital
The minority investment from Bain allows top 30 firm Sikich to keep majority control of the company and its existing leadership team.
IRS May 9, 2024
IRS Increases HSA Contribution Limits for 2025
Beginning in January, you'll be able to contribute more to your health savings account, based on the IRS's latest inflation adjustments.
Accounting May 8, 2024
C-Suite is Optimistic About GenAI Use Within Finance and Accounting, Deloitte Says
Despite low adoption rates, 43% of executives say they're either discussing use cases or have future plans to adopt the technology.
Firm Management May 8, 2024
Citrin Cooperman Adds Maier Markey & Justic
The deal expands the top 25 firm's presence in the New York City metro area, as well as its Business Process Outsourcing practice.
Firm Management May 8, 2024
Eide Bailly Adds 24 New Partners for 2024
The class of 2024 has "a diverse range of skills, backgrounds, and expertise that will bring value to the clients we serve," the firm said.
Technology May 8, 2024
Ledgible Program Assesses a Company’s Readiness for 1099-DA Reporting
The new program follows the release of the draft Form 1099-DA for digital asset transaction reporting by the IRS last month.
IRS May 7, 2024
IRS Chief: $400 Million in ERC Claims Have Been Withdrawn
During a House Appropriations subcommittee hearing May 7, Danny Werfel gave lawmakers an update on the tax credit's status.
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
