Ascend acquires Jackson Thornton
The Top 25 Firm today acquired Jackson Thornton, a Gulf Coast Regional Leader.

FASAB proposes expedient for embedded leases
The Federal Accounting Standards Advisory Board exposure draft offers a practical expedient for reporting on embedded leases in federal government contracts.

Lawmaker introduces bill to expand EITC
Rep. Kristen McDonald Rivet, introduced the Working Parents Tax Relief Act, which would give parents up to an additional $5,500 per child under the age of four.

IIA urges better oversight of prediction markets
The Institute of Internal Auditors is calling on lawmakers and policymakers to strengthen their oversight of prediction markets such as Kalshi and Polymarket.

Maryland signs alternative pathway bill into law
The law, effective Oct. 1, 2026, will create a third pathway that allows candidates to earn their CPA license with a bachelor's degree, two years of experience and passing the CPA exam.

Sikich acquires Jefferson Wells
The deal strengthens Sikich's presence in health care, life sciences, manufacturing and distribution and brings expertise in financial services, technology and energy.

On the move: Aprio taps lead for new data and AI practice
Belfint Lyons & Shuman promotes three; BDO receives awards for technology achievements; and more news from across the profession.

Wipfli acquires risk management firm
The deal strengthens Wipfli's risk management offerings, and adds two partners and 52 associates to the team.

First Brands creditor sues auditor BDO over missed red flags
A lender that owns the auto parts supplier's debt sued BDO USA alleging it failed to detect problems before the company collapsed into bankruptcy.

UK man agrees to plead guilty in 'Singapore Solution' tax case
A U.K. citizen helped Americans use offshore accounts to evade taxes through a scheme known as the "Singapore Solution," U.S. prosecutors said.