FASB proposes guidance on mortgage servicing rights
The Financial Accounting Standards Board issued a proposed update to improve the accounting guidance for residential mortgage servicing rights.

Ensuring proper AI governance in tax and audit
The tax and audit world is in the middle of an artificial intelligence gold rush. But just like the race to tame the West, some outlaw behavior is emerging.

The CPA classroom of the future
With a little creativity and AI, learning and teaching can be transformational for both teachers and students.

In the blogs: The Wizard of OZes
Capital investment booming; lawsuits may be incoming; offer in compromise is real; and other highlights from our favorite tax bloggers.

Accrual launches Arc AI for accounting workflows
Accrual announced the release of its agentic platform Arc, which allows agents to complete complex multistep workflows.

IRS overpays for noncompetitive bridge contracts
The Internal Revenue Service doesn't adequately track its use of bridge contracts, a type of noncompetitive contract, even though it's spending billions on information technology through such contracts.

Audit committees focusing on emerging risks like AI
While AI oversight is growing, readiness among the committee members is still in the process of development, according to a new survey by the CAQ and Deloitte.

IRS attracted thousands to Nationwide Tax Forums
The Internal Revenue Service attracted nearly 13,000 attendees to its Nationwide Tax Forums, which wrapped up last week in San Diego.

Sorren launches law firm
The private equity-backed Top 50 Firm launched a legal services practice called Sorren Law that will serve clients in Nevada, Idaho and Texas.

The fastest way to bring AI to accounting? Stop selling it
Accounting has discovered one of the strangest growth problems in business: more customers than it can serve.