AI startup hires auditors to investigate inflated sales
Builder.ai lowered sales figures and hired auditors, a major setback for the artificial intelligence startup backed by Microsoft and the Qatar Investment Authority.
Trump to unveil country-based tariffs April 2
Trump told reporters he plans to launch reciprocal tariffs with “all countries,” countering speculation he could limit the initial scope.
An innovation framework for competitive advantage in CPA firms
Continuous innovation is no longer something only tech and “forward-thinking” individuals should do; it’s an imperative to the longevity of accounting firms.
Trump’s regulatory rollback: Is the PCAOB next?
The Public Company Accounting Oversight Board was active with enforcements in 2024, but President Trump’s deregulatory attitude stands to change what’s next.
At the end of a smooth tax season, an uncertain home stretch
Tax preparers are concerned about the IRS’s ability to make it through to April 15.
Local firm slashes staff starting salaries
Here’s a satirical post in honor of April Fool’s Day.
IESBA eyes independence rules for investments
The board is mulling changes in its auditor independence standards for audits of collective investment schemes involving connected parties and pension funds.
IRS cuts more jobs as union sues over Trump labor order
The Internal Revenue Service has placed 50 senior IT leaders on administrative leave, as the union filed suit over a Trump order on collective bargaining.
PCAOB sees improvements in largest audit firms
The Public Company Accounting Oversight Board’s inspection staff found noticeable improvements in the deficiency rates of the six largest global auditing firms.
GASB mulls disclosures on severe financial stress and probable dissolution
The Governmental Accounting Standards Board made some preliminary proposals on accounting for severe financial stress and probable dissolution disclosures.