Accounting
AICPA Looks to Amend Standard on Financial Statement Preparation
Under the plan, CPAs wouldn't have to apply AR-C Section 70 when financial statements are prepared as a byproduct of a CAS engagement.
Jason Bramwell
Jason Bramwell is senior staff writer for CPA Practice Advisor. He has nearly 25 years of professional writing experience, the last nine covering the accounting profession. He most recently was a staff writer and editor at Going Concern, and he previously spent five years as a staff writer and editor at AccountingWEB. He can be reached by email at jbramwell@cpapracticeadvisor.com.
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Payroll
First Glimpse of 2025 Projected Salary Ranges For Public Accounting
Staffing firm Atrium recently put out its 2025 Salary Guide, which includes projected pay ranges for seven roles in public accounting.
Taxes
IRS Posts New Per Diem Tax Deduction Rates For Business Travel
Come Oct. 1, the per diem rates will be $319 for business travel to high-cost locations and $225 for travel to low-cost areas.
Taxes
Tax Professionals Might Be Contacted About IRS Survey
Tax pros could be randomly selected to take part in a voluntary survey to help the IRS improve services to practitioners and taxpayers.
Firm Management
REDW Adds Hatcher Financial in Arizona
Hatcher Financial has joined REDW Wealth LLC, an SEC-registered investment advisory firm subsidiary of REDW Advisors & CPAs.
Accounting
Melio Launches New Features for SMBs and Accountants
These new premium features enable users to automate processes, boost control of payments, and improve cash flow management.
Taxes
Three Whistleblowers Will Share One of the Largest Awards Ever Given By the IRS
The three people will share a $74 million payout for disclosing a tax evasion scheme that enabled the IRS to collect $263 million.
IRS Proposes Regs on Tax Credit for EV Charging Stations
The guidance lays out criteria to claim the alternative fuel vehicle refueling property credit under the Inflation Reduction Act.
Firm Management
ATA Lands Private Equity Investment From Copley Equity Partners
The top 200 accounting firm will maintain majority control and its executive and leadership teams will stay intact.
Firm Management
Prosperity Partners Acquires Cendrowski Corporate Advisors
This is the Chicago-based tax and accounting firm's first acquisition since rebranding from NDH Advisors earlier this month.
Firm Management
KNAV Advisory Gets Minority Investment From NKSquared
NKSquared is the U.S. investment vehicle of Indian billionaire entrepreneur and investor Nikhil Kamath.
Auditing
Prager Metis to Pay $1.95 Million to Settle SEC Charges Over FTX Audits, Other Violations
The firm also agreed to settle auditor independence charges, as well as for aiding and abetting clients' violations of securities laws.