Fieldguide announces $75M in new funding
Audit AI solutions provider Fieldguide announced a $75 million Series C round.
75-year-old CPA pleads guilty to $2M fraud conspiracy
Thomas Unsworth, a CPA from East Naples, Florida, pleaded guilty in a federal fraud probe of Oakes Farms Food & Distribution Services.
IRS uses IRA funding to stay open during shutdown
The Internal Revenue Service posted a contingency plan Friday indicating that it would be able to operate until Feb. 7, 2026, while keeping all 74,942 employees working.
AICPA unveils Profession Ready Initiative
The American Institute of CPAs introduced a new program to identify and develop the skills needed by early-career CPAs to succeed in an AI-driven market.
SEC names new PCAOB chair, board members
The SEC named Demetrios “Jim” Logothetis as chairman of the PCAOB, and Mark Calabria, Kyle Hauptman and Steven Laughton as board members.
FASB to tackle market-return cash balance plans
The Financial Accounting Standards Board has voted to add a project to its technical agenda on market-return cash balance plans.
Senate Dems want info on IRS sharing taxpayer data with ICE
Lawmakers are demanding answers about the sharing of taxpayer information with the Department of Homeland Security and Immigration and Customs Enforcement.
Should public companies report twice a year?
The pros and cons of Trump’s pitch to move from quarterly financial reporting to semiannual are not as clear-cut as either side thinks.
Tech news: RSM opens PartnerSight platform to direct licensing
Plus, Melio unveils “Agent Mel” AI; Rillet announces continuous close, Brex integration, auto-booking for journal entries; and other accounting tech news and updates.
White House looks at eliminating state income taxes
The White House Council of Economic Advisers released a research study analyzing the economic impact of state income tax elimination.