Financial Reporting March 10, 2025
Nasdaq Suffers Worst Day Since 2022
Anxiety that tariffs and government firings will torpedo growth in the world’s largest economy extended a three-week stretch of volatility across global markets.
Mergers and Acquisitions March 10, 2025
BPM to Combine with WBM Partners in Canada
The top 35 firm is expanding its reach in Canada by merging in WBM Partners, a Burlington, Ontario-based accounting and advisory firm, in a deal expected to be completed on June 1.
Auditing March 10, 2025
AuditBoard Adds Advanced AI Capabilities to Internal Audit Platform
AuditBoard's new features enable customers to audit with impactful, industry-trained, generative AI-powered workflows.
Firm Management March 10, 2025
Crowe Global Pulled in Revenue of $5.8 Billion in 2024
The Crowe global network of accounting firms brought in a combined $5.8 billion in revenue last year, a 10% year-on-year increase.
Auditing March 10, 2025
New Report Reveals the Value of Strategy Plus Increasing Responsibility for Internal Audit Leaders
Internal audit functions that are more strongly aligned with overall organizational strategy are more likely to have sufficient funding.
Accounting March 10, 2025
AICPA Accepting Comments on Independence Rule Changes Related to Private Equity Investments in Accounting Firms
The committee’s Alternative Practice Structures Task Force will seek comment through June 15 on the memo’s preliminary conclusions and two interpretation options.
Accounting March 10, 2025
Most CFOs Plan to Pass Tariff Costs on to Customers, Says Gartner Survey
Gartner polled 192 CFOs and finance leaders from a cross-industry group of organizations with global operations about priorities in response to new tariffs.
Advisory March 7, 2025
Study: Nearly Half of Nonprofits Lack Funds to Effectively Operate
For the second consecutive year, individual contributions—the single largest source of dollars given to charitable organizations for more than 10 years—have declined.
Small Business March 7, 2025
Treasury Department’s CTA Intervention is Overdue, But More Must Be Done
The Trump administration recently announced that it is halting all enforcement actions tied to the Corporate Transparency Act; however, small businesses are not out of the woods yet.
Financial Reporting March 6, 2025
AICPA Says BOI Enforcement Freeze is Good Step, But Wants Clarification
The AICPA awaits the release of additional details later this month but believes that Treasury is headed in the right direction with this decision.
Accounting March 6, 2025
Lili Connect Expands Internationally
Through Lili Connect, corporate formation services partners can now offer their customers streamlined banking, accounting, and tax preparation solutions.
Auditing March 6, 2025
The Institute of Internal Auditors Opens Third-Party Topical Requirement for Public Comment
The Topical Requirements are a key element of The IIA’s broader International Professional Practices Framework, alongside the Global Internal Audit Standards and Global Guidance.