Eide Bailly grows in Texas
Top 25 Firm Eide Bailly adds Fort Worth-based Regional Leader JTaylor.

BDO CEO sees no need for private equity as it consolidates units
BDO's strategy of merging member firms into larger groups means it doesn't need to take private equity investment to grow, said the network's new global head, Trond-Morten Lindberg, as more accounting and consulting services lean on external funding.

Private credit's tax hangover is giving investors buyer's remorse
While private credit and other alts can offer high returns, advisors should know about the logistics involved, which could lead to tax headaches for clients.

FASB proposes to improve indexation guidance
The update would help determine whether equity-linked contracts, such as warrants, are indexed to an entity's own stock and potentially classified as equity.

Levvy announces MCP connectors, workflow support
Levvy announced the availability of new AI features and capacities for firm efficiency and revenue opportunities, intended to address much of the ad hoc administrative work that tends to eat into professionals' time.

Grant Thornton completes mammoth CBIZ acquisition for $5B
Grant Thornton Advisors has completed its landmark acquisition of CBIZ for $5 billion, creating the fifth largest accounting firm in the world.

SEC approves easing QC 1000 quality control rules
The Securities and Exchange Commission approved amendments to the PCAOB's QC 1000 audit quality standard, relaxing some of the rules.

QC 1000 belongs in the business case
Audit quality should be part of deciding what resources to commit, what work to change, and what support can safely be withdrawn.

Cherry Bekaert expands in New England
North Carolina-based Top 25 Firm Cherry Bekaert continues its geographic expansion with Rhode Island-based Sansiveri Kimball.

IRIS releases document manager
IRIS announced the launch of a new AI-driven document management solution built specifically for CPAs that, among other things, automates tagging and filing for users.