Accounting
2023 Readers’ Choice Awards – The Readers Have Voted!
The Readers’ Choice awards give professionals the chance to see which tech and workflows their peers use and trust, which can help them build more efficient and profitable workflows for their own practice.
Outlier.org and Urban Assembly to Bring Financial Accounting to New York City High Schools
Outlier.org, Urban Assembly, and New York City Public Schools are announcing a groundbreaking collaboration aimed at expanding access to financial accounting education for high school students in the New York area.
EY Scraps Plan to Split Consulting and Auditing Businesses
The plan was dropped after months of internal disagreement and opposition from executives in the U.S.
FASB Issues New Accounting Rules for Investments in Tax Credit Structures
Reporting entities can now elect to account for qualifying tax equity investments using the proportional amortization method.
Deloitte Launches Generative AI Practice
The Generative AI practice works in conjunction with the Deloitte AI Institute, which supports the responsible growth and development of AI through engaged conversations and market perspectives.
U.S. Inflation Slows Slightly
A key measure of U.S. inflation showed hints of moderating in March, but likely not by enough to dissuade the Federal Reserve from raising interest rates again next month.
Opinion: Our Obsession with Hours Is Destroying the Accounting Profession
A talent shortage is affecting accounting firms across the demographic spectrum. Each year fewer accountants enter the profession while more CPAs near retirement.
IRS Incorporates AICPA Recommendations in Strategic Operating Plan
The spending plan includes goals and timetables covering areas such as operations support, enforcement, taxpayer services and IT modernization.