Featured Accounting News

In a recent survey of 183 finance and accounting leaders in the U.S., concerns about interest rate fluctuations and working capital ranked as the biggest treasury concerns.

The AICPA recently voiced support for an SEC proposal that would allow CPAs, by virtue of their credential, to qualify as accredited investors.

PCAOB has established five new specialist enforcement units to address significant audit risks.

The IRS recently announced that authorized tax professionals can now make certain payments on behalf of their business clients through Tax Pro Account.

CFOs are increasingly optimistic about AI investments, with 54% expecting significant positive returns within 24 months, according to a recent international survey of financial executives.

The IRS has announced inflation adjustments to nearly 70 federal tax provisions for the 2027 tax year, generally affecting returns filed in 2028.

PCAOB recently proposed updating what it says are outdated provisions in the auditing standard related to auditor comfort letters.

The AICPA’s Professional Ethics Executive Committee recently voted to publish an exposure draft of proposed changes to its code of conduct related to alternative practice structures.

The Wisconsin Department of Financial Institutions is accepting nominations for the 2026 Governor’s Financial Literacy Awards through Nov. 30, 2026.

The Wisconsin Department of Revenue's October 2026 tax bulletin outlines income and franchise tax updates, including a new feature of the state’s My Tax Accounting application.

Microsoft is further expanding its artificial intelligence capabilities for finance teams, equipping its Copilot assistant with new features to help automate accounting tasks.

FASB recently issued a proposed ASU to simplify equity method investment accounting, reduce compliance costs and address inconsistencies in existing guidance.

The AICPA is seeking feedback on proposed updates to the framework used by CPAs to evaluate controls over an organization’s information systems.

The PCAOB has reported a substantial improvement in audit quality during 2025, with the aggregate deficiency rate across inspected accounting firms falling from 38% in 2024 to 23%.

Proposed regulations governing employer contributions to Trump Accounts are “administratively burdensome” and make a 2026 rollout potentially difficult, the AICPA said in a recent letter.

FASB recently proposed amendments to its revenue recognition guidance to clarify how companies should account for payments made on behalf of customers or to their customers' customers.

A recent survey found that only 3% of CFOs report actively reducing headcount where artificial intelligence has replaced work in finance.

A national research study is exploring how responsibilities and events outside work affect careers in accounting, finance and other related professions.

The IRS recently announced a temporary suspension of federal tax penalties on dyed diesel fuel sold for use or used on highways nationwide.

Artificial intelligence is now the defining ethical issue for the accounting profession, according to a recent survey of accounting and finance professionals.