News

Reporting companies may continue to voluntarily file beneficial ownership information (BOI) reports while the Corporate Transparency Act (CTA), P.L. 116-283, is on hold, the Financial Crimes Enforcement Network (FinCEN) said in an alert this week.

Interest in the implementation of generative artificial intelligence tools has risen among CPA decision-makers in business and industry over the last year, a steady progression that could signal rapid change on the horizon.

As the reporting deadline for the Beneficial Ownership Information (BOI) approaches quickly, [State Society] has heard concerns from many members regarding the lack of clarity and guidance from the Financial Crimes Enforcement Network (FinCEN) and the January 31, 2025 deadline.

Two-thirds of recruiters say they have seen an increase in candidates looking for new jobs from companies mandating five days a week in a central office.

Firms offering client advisory services (CAS) project their CAS-related revenue to double over the next three years, according to a biennial CPA.com report.

A federal district court, finding that the Corporate Transparency Act (CTA) is likely unconstitutional, issued an order Tuesday prohibiting the enforcement of the CTA and the beneficial ownership information (BOI) reporting rule in the CTA’s accompanying regulations.

Most small businesses are not filing required beneficial ownership information (BOI) reports because they are not sure they need to or because they are procrastinating, according to a poll released Tuesday by Wolters Kluwer.

The transformative leader, who is retiring on Dec. 31, guided the organization and the profession for nearly three decades.

State Board of Accountancy (SBOA) staff has recently confirmed that firms that are not performing audits, compilations, or reviews must specifically submit a waiver from peer review requirements annually as part of the firm permit renewal process. If your firm no longer does or has never performed audits, compilations, or reviews, you must submit the Quality Review Waiver Form annually to be in compliance.

With finding and keeping new talent a challenge across the profession, BDO and Albert Goodman share tips for tackling the skills crisis.

A program designed to help accounting graduates more easily meet education requirements for CPA licensure is expanding its reach.

Another large accounting firm has struck a deal with private-equity investors.

The PCAOB adopted a rule amendment that enables the board to address situations in which a registered firm doesn't file annual reports and doesn't pay annual fees for two consecutive reporting years.

An “always on” work culture in the UK is leading to increased stress and anxiety amongst workforces, research shows.

For an industry that's often stereotyped as stagnant, the world of accounting is changing at unprecedented speed: accounting industry trends include headline-grabbing topics such as AI, automation, ESG consulting, and remote work.

Most employees blame their lack of skills with artificial intelligence on their employers; Microsoft has added 10 AI agents in Dynamics 365; Teams can now block workers for signing in after hours; and and seven other recent developments in technology.

Over half of accounting and tax firms plan to increase fees across all services in 2025, according to a new survey.

At the recent NASBA annual meeting, the AICPA and NASBA delivered an update on the progress of the CPA exam, highlighting significant advancements and future initiatives that promise to enhance the candidate experience.

At the recent AICPA Fall Council meeting, Mark Koziel was officially introduced as the incoming CEO, and was recognized for his impactful leadership and commitment to the profession. Mark's journey from his early days in public accounting to his current role as CEO of Allinial Global was highlighted.

During a recent session at the NASBA Annual Meeting, the complexities and misconceptions surrounding private equity (PE) investments in accounting firms were thoroughly discussed. There is no one-size-fits-all strategy when it comes to the diverse structures of private equity.