Firm Management February 6, 2026
Wipfli Partners with The Caddie Network
Wipfli and The Caddie Network will bring to life the connection between elite caddies and trusted advisors.
Accounting February 27, 2025
CFPB Nominee Promises to Keep Agency Open but Downsize It
Democrats on the Senate Banking Committee pressed McKernan in his confirmation hearing about how he would lead the regulator given that Trump and his billionaire special adviser Elon Musk have called for eliminating it.
Payroll February 27, 2025
Up to Half of Social Security Workers Could Be Laid off
The Social Security Administration has been instructed to reduce its staff by half as President Donald Trump’s administration continues to pursue widespread cuts across the federal government, according to multiple media reports.
Small Business February 27, 2025
National Weather Service, NOAA Layoffs Hit Hundreds of Federal Workers
Hundreds of National Oceanic and Atmospheric Administration and National Weather Service employees were laid off Thursday in the latest round of federal workforce cuts under President Donald Trump’s administration.
Accounting February 27, 2025
GASB Says Fair Value Standard Achieved Objectives
A post-implementation review report released on Feb. 26 concluded the Governmental Accounting Standards Board's fair value measurement standard—Statement No. 72, Fair Value Measurement and Application—has met its objectives.
Firm Management February 27, 2025
Springline Advisory and EFPR Advisory Partner to Expand Accounting Reach Across Northeastern U.S.
The partnership emphasizes both firms' dedication to efficient operations and market expansion while prioritizing its people by retaining and cultivating top-tier talent and professional development programs.
Taxes February 27, 2025
5 Security Questions CPA Firms Should Ask Tax Automation Vendors
With the current staffing shortage in the accounting profession, more and more firms are turning to technology to maintain productivity and service quality.
Auditing February 27, 2025
PCAOB Quizzes Auditors on New Confirmation Standard
This latest knowledge check, or informal quiz, highlights various aspects of the new confirmation standard, which was approved by the PCAOB in September 2023.
Mergers and Acquisitions February 27, 2025
Baker Tilly Set to Buy Hayflich CPAs in West Virginia
The top 10 accounting firm is planning to expand its presence in the Mid-Atlantic region saying Thursday it's intending to acquire Huntington, WV-based Hayflich CPAs.
Auditing February 27, 2025
Being Uncooperative During an Inspection Lands Audit Firm Partner in Hot Water With the PCAOB
Natalie Murphy, a now former audit partner at Heaton & Co., was censured and fined $50,000 by the Public Company Accounting Standards Board for violating U.S. auditing rules and standards, including failing to cooperate with an inspection.
Auditing February 26, 2025
PCAOB Cranked Up Enforcement Activity in 2024
Total monetary penalties levied by the Public Company Accounting Oversight Board set a new record for the third consecutive year in 2024 as the number of enforcement actions reached levels not seen since 2017, according to a new report released on Feb. 26 by Cornerstone Research.
Taxes February 26, 2025
IRS Says Contractor Leaked 400,000 Tax Returns, Nearly 6 Times More Than Previously Reported
The tax data was stolen and leaked to the media by Charles Littlejohn, a former government contractor who was convicted and sentenced last year to five years in prison.
Taxes February 26, 2025
AICPA Offers Strong Support for Disaster Tax Relief Bills in House
The Filing Relief for Natural Disasters Act would expedite the issuance of federal tax relief and provide the IRS with authority to grant tax relief once the governor of a state declares a disaster or state of emergency.