Advisory October 2, 2025
Why Buying AI Tools Isn’t an AI Strategy—And What Actually Works
79% of professionals believe AI will transform our industry within five years, yet only 14% of firms have developed actual AI strategies.
Accounting October 2, 2025
D.C.-Area Accountant Gets 3 Years in Prison for $24 Million Fraud
Harold Dotson, 54, of Gaithersburg, MD, was also sentenced to three years of supervised release, including six months of home confinement, and ordered to pay $24.8 million in restitution for submitting fraudulent CARES Act loan applications.
Financial Reporting October 1, 2025
5 Critical Mistakes New Chief Compliance Officers Make (And How to Avoid Them)
The biggest mistake new CCOs make is launching into audits, policy overhauls, or system changes before truly understanding how the business operates.
Firm Management October 1, 2025
Deloitte Tops $70 Billion in Global Revenue
The Big Four firm announced Sept. 30 that its global revenue was $70.5 billion for the 2025 financial year that ended May 31, a 4.8% increase in local currency terms and 4.9% increase in U.S. dollar terms from its previous year's haul of $67.2 billion.
Technology October 1, 2025
Deloitte Launches In-House AI Learning Assistant
Deloitte has launched Scout, an AI-driven learning assistant designed to personalize professional development and advance how Deloitte US professionals learn and grow, the Big Four accounting firm announced Oct. 1.
Technology October 1, 2025
Digits Unveils Firm-Specific AI Models, New Accountant Partner Program
Available exclusively through the new Digits Accountant Partner Program, Firm Models was designed to adapt to each accounting practice, learning continuously from client data, staff workflows, and firm-specific processes to maximize automation accuracy.
Technology October 1, 2025
Ignition Launches AI Price Insights to Use AI for Accounting Firm Pricing Strategies
AI-powered Price Insights are embedded directly into the Ignition proposal workflow, enabling firms to optimize pricing for services as they build client agreements.
Accounting September 30, 2025
FASB Aims to Update Guidance on Paid-in-Kind Dividends
The Financial Accounting Standards Board is seeking comments on a proposed Accounting Standards Update that would provide guidance on how an issuer should initially measure paid-in-kind dividends on equity-classified preferred stock.
Accounting September 30, 2025
FASB Issues Standard on Derivatives Scope Refinements
The ASU also clarifies the applicability of Topic 606, Revenue from Contracts with Customers, and its interaction with other Topics (including Topic 815 on derivatives and hedging and Topic 321 on equity securities).
Auditing September 30, 2025
PCAOB Underscores the Importance of Audit Research
The Public Company Accounting Oversight Board hosted a two-day conference last week that highlighted economic research in topics of significance to the audit regulator’s mission.
Financial Reporting September 30, 2025
Controllers Lead the Cost Management Charge, Says Report
This year's report includes actionable strategies, peer benchmarks, and real-world tools to help finance teams move from reactive decisions to deliberate, proactive leadership as cost complexity rises.
Technology September 30, 2025
Karbon Acquires Aider to Add AI-Powered Accounting and Bookkeeping
The acquisition of Aider builds on Karbon’s recent innovations—including automated tax workflows, Karbon for Clients, and new partner integrations—and reinforces Karbon’s position as the backbone of AI-powered accounting firms.