AICPA updates audit confirmation standard
The American Institute of CPAs approved a standards update to modernize how CPAs get audit evidence via external confirmation procedures.

FASB adds projects on private credit, contractual sale restrictions, taxes
The Financial Accounting Standards Board decided to add several projects to its technical agenda.

Intuit Enterprise Suite upgrade broadens analytics, automation
Intuit announced new features and enhancements for its Intuit Enterprise Suite platform for mid-market businesses with more complex needs.

Long-stalled crypto market bill wins key Senate committee vote
The Senate Banking Committee advanced a landmark digital asset market structure bill after months of negotiations, signaling fresh momentum for the measure.

How to resolve the eternal pain of R&D credits
The administrative approach to R&D credits needs to shift away from the current once-a-year scramble within companies.

"AI can't do accounting" benchmarks are asking the wrong question
The industry framing of "what can AI do?" is mismatched with how AI is deployed today, and the conclusions can leave firms a tax season behind their peers.

IRS creates significant issue ruling program
The Internal Revenue Service established a program to allow corporate taxpayers to request rulings on certain issues.

A great employee to work for
Bidding a fond farewell to our longtime managing editor sparks some thoughts on who should be working for who.

IRS outlines terms of settlement in easement disputes
The IRS provided more details about the settlements it's offering for a limited time in syndicated conservation easement and historic preservation claims.

Cohen & Co. expands in Michigan
The Top 50 Firm will acquire Troy, Michigan-based Gordon Advisors, making the state one of its largest geographic markets.