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Key insight: Here's why GASB is pausing new accounting standards until fiscal year 2029.What's at stake: Strained government accounting departments struggling to balance shrinking staff with rising audit demands.Expert quote: "You're being asked to do a whole lot more…
The AICPA and the Artificial Intelligence Underwriting Company announced a plan to launch a joint assurance certification that combines the organizations' respective SOC 2 and AIUC-1 examination processes into a single comprehensive independent review of business risk related to AI systems…
Revenue increased across all regions at PwC, led by the Asia Pacific region at 7.7%, 4.6% in the Americas and 0.7% in Europe, the Middle East and Africa. Tax and legal services scored the highest growth among PwC's lines of service, with like-for-like…
The Securities and Exchange Commission announced today that it will host a roundtable on November 9, 2026, to discuss the use of machine-understandable data and Super Intelligence (SI) and related risks and costs.“In the age of SI, high-quality… Official websites use.
The results are in after the Q2 earnings season: It's clear that AI is a growth area. The Top 25 Firm introduced a shared ownership plan following the close of its private equity investment from KKR in August. Two different studies recently…
Top 25 Firm Crowe launched an employee stock ownership plan following the close of its private equity investment from KKR in August. The ESOP, called CroweONE, is available to all employees without any upfront investment. Future hires will also be eligible…
Unlocking the capabilities of artificial intelligence may well require rethinking the entire structure of the accounting firm, suggests Ascend founder and CEO David Wurtzbacher. Transcription (This transcription was created by AI; in the case of discrepancies, refer to the recording):…
Heading into 2026, investors were excited at the prospect of a host of new initial public offerings, including ones from megacap private companies like SpaceX, Anthropic and OpenAI. But now investors will have to settle for less than they expected at…
For the first time in years, cybersecurity isn't the top concern for audit committees. The CAQ's recently published Audit Partner Pulse Survey found that 57% of audit partners now rank AI governance as their clients' single biggest challenge, ahead of cybersecurity…
A Texas felon was charged with running a tax scam that helped wealthy clients hide more than $1.5 billion in income from the IRS, using the proceeds to buy a 2021 Rolls Royce Ghost and make a down payment on an Ocean…