Clients spend $5k a year on accounting for as long as they can
How much a business will dig into its pockets for an accountant increases as the business scales — but not evenly, according a report.

Walter Shuffain adds Massachusetts firm
The Regional Leader acquired Stolberg & Blanchette, expanding its New England footprint, adding business valuation expertise and strengthening the firm's existing industry specialties.

Trump accounts expand to nearly 70M kids as stock proposal draws questions
The IRS proposed rules that would let donors gift stock to Trump accounts and request comments on the strict minimum holding period for beneficiaries.

Business leaders cope with AI risks
Executives are dealing with more business risks as the impact of artificial intelligence cascades across the economy and brings challenges and opportunities.

In the face of AI, auditors need to know what makes them unique
The former head of the Institute of Internal Auditors, Richard Chambers, has penned his fifth book, 'Trusted Advisors: The Human Edge in the World of AI.'

Audit committees need an AI evidence pack, not just more AI expertise
Audit committees don't have to become teams of model AI engineers. They need reliable information that helps them exercise judgment.

Deloitte fined £6M by FRC over go-ahead group auditing
The Big Four firm was hit with a more than £6 million ($7.9 million) fine by a U.K. regulator over audits of the Go-Ahead Group Ltd.

Former IRS chief teams with AICPA on AI tax risk group
Former IRS Commissioner Danny Werfel and the AICPA are teaming up to form a new group to advance responsible AI use in both tax administration and practice.

PCAOB wins case challenging constitutionality
The Public Company Accounting Oversight Board won a consolidated John Doe case that claimed the PCAOB's disciplinary proceedings violated two auditors' constitutional rights.

IRS sued for leaking special agent's tax info to prosecutors
The agent spent a decade reporting that IRS management wouldn't pursue the promoters of abusive tax shelters.