Mamdani meets Wall Street CEOs as tax pitch roils city's wealthy The New York City mayor held individual meetings with Chase CEO Jamie Dimon and
Goldman Sachs CEO David Solomon, amid flurry of recent tax proposals.
Windsor Path makes second acquisition Windsor Path, a family office-backed platform for accounting firms, acquired ASO Advisors, the non-attest business of Agresta, Storms & O'Leary in Indianapolis.
Citrin Cooperman expands investment in Tellen The Top 25 firm is deepening its investment in an AI-driven accounting workflow platform, which includes a multiyear relationship to build AI audit solutions.
What makes a Best Firm for Technology? A look inside what it takes to truly get the most out of your firm's technology, with insights from Roman Kepczyk.
SEC nixes 'gag rule' on enforcement action settlements The Securities and Exchange Commission rescinded a policy Monday requiring defendants in settled enforcement actions not to publicly deny the SEC's allegations.
IRS upped overtime amid staff reductions The Internal Revenue Service increased overtime hours and pay for its employees after extensive staffing reductions and last fall's government shutdown.
IRS detecting more tax-related identity theft The Internal Revenue Service has improved its ability to flag returns for signs of identity theft, adjusting its filters to reduce false positives and spot fraud.
Evergrande liquidators seek $8.4B from PwC in Hong Kong court The case centers on PwC's auditing work for Evergrande, an emblem of China's property crisis since it defaulted in 2021.
Musk's xAI fails to pay staff $420 for giving their tax returns to Grok Employees were asked to offer up their own tax returns as training data for the company's Grok chatbot, promising a $420 payment as incentive for doing so. Two months later, those payments still haven't materialized.
The operational capacity crisis firms are still underestimating The discourse surrounding the future of accounting has largely centered on automation, AI and digital transformation. Yet many firms face a more immediate issue.
