FASB takes on crypto asset transfers
The Financial Accounting Standards Board decided to add a project to its technical agenda related to the accounting for cryptocurrency asset transfers.

PCAOB agrees on audit regulation deal with Lithuania
The Public Company Accounting Oversight Board has made a pact with Lithuania's audit regulator to allow the two organizations to cooperate on overseeing firms.

Tech leader Rick Richardson dies at 81
Over his six-decade long career, Richardson was a pioneer of technology in the profession, working as a consultant, speaker and former national director at EY.

IASB to tackle new projects on work plan
The International Accounting Standards Board discussed adding new projects to its agenda, along with ongoing work on the equity method and intangible assets.

New pressures are rewriting the CFO playbook
The role of the CFO continues to be redefined in 2025 and beyond in response to an evolving business landscape.

Firms going all-in on marketing to AI bots
Accounting and other professional service firms are rushing to make sure that they will be mentioned in AI search results, with most planning to implement a strategy within the next six months.

WH Smith CEO Cowling resigns after probe of accounting error
An accounting error forced the British retailer to cut its profit outlook in North America for a second time, prompting Carl Cowling's departure.

Senate Republican presses IRS on tax treatment of crypto staking
Senator Todd Young is urging the IRS to reconsider guidelines on the tax treatment of rewards crypto owners collect for locking assets on a blockchain network.

Pricing guesswork is costing firms: Can AI fix it?
Most accounting and bookkeeping firms are still flying blind when it comes to pricing, and it's eating into their margins.

Audit partners feel more optimistic about economy
Economic pessimism is on the wane among audit partners, though they're not feeling as confident as last year, according to a CAQ survey.