PCAOB sanctions three firms
The Public Company Accounting Oversight Board today sanctioned Goldman & Company, CPA's, Raymond Chabot Grant Thornton, and PWR CPAs.

Congress passes bill offering tax-filing relief after natural disasters
The Senate passed a bipartisan bill that would provide tax-filing relief for taxpayers in states that have issued state-level disaster declarations, sending the bill to President Trump for his signature.

On the move: REDW appoints first OKC principal-in-charge
Wiss hosts third annual summer financial literacy program; Schneider Downs adds five shareholders; and more news from across the profession.

Rethink expense report workflows for company credit cards
Auditing card transactions for fraud and policy violations is a specialized task, one that auditors and finance professionals are trained to handle.

Tech news: Audit Sight releases Management Meeting Module
Plus, Abacus announces $6.6 million seed funding for agentic AI assistants; and other news and updates from the accounting tech arena.

Auditors fail in role of safeguarding carbon offsets: study
Auditors selected and paid by the companies they inspect can't affirm the credibility of the projects they assess, according to a research paper.

Tax Fraud Blotter: Who ya gonna call?
Underhanded underground; down on the farm; reality check; and other highlights of recent tax cases.

Smith+Howard starts new tax practices
Smith + Howard, an Atlanta-based Top 100 Firm, has opened two new tax practices: site selection + incentives and state and local income tax consulting.

Trump's tax bill offers planning opportunities
Tax clients are already starting to ask their accountants about the many changes in the massive One Big Beautiful Bill Act passed by Congress last week.

IESBA, IAASB form expert groups on sustainability standards
The International Ethics Standards Board for Accountants and the International Auditing and Assurance Standards Board set up technical groups for their standards.