Featured News
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New report outlines audit transformation road map
A CPA.com and AICPA survey of more than 50 firms revealed five key themes for audit transformation, along with a step-by-step approach for a smooth rebuild.
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Fed announces third interest rate cut of 2025
The Federal Reserve recently trimmed the main interest rate by a quarter point to a range between 3.5% and 3.75%.
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AICPA calls for PTE tax simplification
The AICPA is urging the IRS and Treasury to simplify tax reporting for passthrough entities (PTEs), particularly those with tiered structures.
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FASB issues standard to improve interim reporting
The FASB on Monday, Dec. 8, issued an Accounting Standards Update (ASU) that aims to improve guidance on the navigability of required interim reporting disclosures.
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PEEC updates guidance on independence in SSAE engagements
The AICPA Professional Ethics Executive Committee updated its guidance on independence requirements for engagements subject to the SSAEs.
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FASB updates guidance on government grants
The FASB has released an Accounting Standards Update (ASU) to provide clear guidance on the accounting for government grants received by business entities.
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State CPA societies nationwide cosign AICPA letter to Education Department
The WICPA and state CPA societies across the country are joining the AICPA in urging the U.S. Department of Education to recognize accounting programs as professional degree programs.
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Wisconsin’s state-chartered banks report sound Q3 financial performance
Wisconsin’s state-chartered banks reported sound financial performance through the third quarter of 2025, according to new data from the Wisconsin Department of Financial Institutions.
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Protecting your firm from AI-powered cyberattacks
Employee training and affordable security tools can level the playing field against hackers who use artificial intelligence to target small businesses.
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New IRS regulations reshape 1% stock buyback tax
The IRS finalized regulations for the 1% excise tax on corporate stock repurchases under Sec. 4501 — and one heavily criticized proposed provision is gone.