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.
Accounting February 26, 2025
Gusto Releases New Compliance Solution for Small Businesses
The payroll solutions provider has introduced Gusto Compliance, a product designed to help small business owners know what steps they need to take to maintain compliance with common regulatory requirements.
Financial Reporting February 26, 2025
insightsoftware Launches AI Suite for CFO Office
The company says the Lineos system features work together to simplify processes, enabling finance teams to shift focus from managing data to driving insights and delivering value.
AICPA February 25, 2025
AICPA Asks for Updated Language in Draft Publication 547 to Help Taxpayers Eligible for Disaster Tax Relief
The AICPA cites the need for these updates to ease the confusion created by disaster relief due to the multiple deadlines for various actions necessary to be eligible for the qualified disaster loss.
Accounting February 20, 2025
FinCEN: New BOI Reporting Deadline is March 21
The beneficial ownership information reporting roller coaster that has been ongoing for the past two months because of various lawsuits is finally pulling into the station after a federal district court in Texas on Feb. 17 lifted the final nationwide injunction that had put the mandatory small business filings on hold since last December.
Accounting February 19, 2025
Deloitte Rolls Back its DEI Programs Amid Pressure from Trump Administration
The Big Four accounting firm has informed its staff that it is ending its diversity, equity and inclusion programs, a move that comes as the new Trump administration is taking a stand against these initiatives.
Mergers and Acquisitions February 19, 2025
Platform Accounting Group Enters Pennsylvania, Adds Keystone Advisor Group
Holladay, UT-based Platform has entered Pennsylvania for the first time after adding Orwigsburg-based Keystone Advisor Group, formerly known as Heckman & Laudeman.
Technology February 19, 2025
Workforce Go Rolls Out New Integration to Sage 100 ERP
Workforce Go said on Feb. 19 that it has developed a new integration to Sage 100 ERP that not only improves functionality for users now but will also help bridge the gap to native cloud-based systems in the future.
Technology February 19, 2025
UHY Partners with Acumatica to Help Clients Streamline Workflows
The top 30 accounting firm is collaborating with Acumatica to deliver advanced cloud ERP solutions designed to streamline finance, accounting, and back-office processes for clients.