Public sector steadily shifting to accrual accounting
Progress has not been as quick as predicted, but is expected to continue, according to IFAC and the Chartered Institute of Public Finance and Accountancy.
UBS ends tax-dodge saga with $985M settlement
The Swiss bank settled the long-running tax evasion case in France for less than a fifth of the original fine.
Low-effort AI “workslop” increasingly irritating workers
AI can, in theory, make people more productive. But the results of a recent study show this is not guaranteed, as people report receiving low quality AI “workslop” outputs that paradoxically increase the amount of work.
NASBA relaunches CPA mobility site
The National Association of State Boards of Accountancy relaunched CPAmobility.org to help CPAs determine where and how they can practice across state lines.
Northwestern Mutual $23M tax suit reflects changes in meal write-offs
The new tax law won’t completely eliminate the complicated tax incentives for food on the job, but experts suggest businesses may change up their menus.
Is it time to rethink the accounting model?
Experts at a recent conference laid out the pressures on accountants — and why firms can’t afford to be passive about them.
Andersen files to take firm public
Founded by ex-partners from Arthur Andersen, the firm expects to trade on the New York Stock Exchange.
Breaking the cycle of uncertainty in audit
Audit teams rarely know when client data will arrive, how complete it will be and in what form it will show up.
Introducing Xero Partner Hub: A simpler, smarter way to run your practice
At Xerocon Brisbane, we announced the new Xero Partner Hub, a significant step forward in evolving the practice experience for our accounting and bookkeeping partners. Built with the help of feedback and insights gathered from over 2,000 partners across the globe, the Xero Partner Hub has truly been shaped with and for you. The Xero …
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Aprio acquires Mize and Prism
The Top 25 Firm is expanding in the Midwest by acquiring Mize CPAs in Topeka, Kansas, along with its affiliated wealth management firm, Prism Financial Group.