Auditing
KPMG Leads in IPO Audit Clients for Q1 of 2024
The Big Four firm audited eight of the 46 IPOs, tops among the 20 different firms with at least one IPO audit client in the first quarter.
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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Taxes
IRS Adds Security Protections for CAF Program, Transcript Requests
The risk a compromised CAF number presents to practitioners and taxpayers is prompting these additional security measures.
Technology
Rightworks Unveils Two New Security Offerings
The solutions help accounting firms and small businesses create a WISP to achieve regulatory compliance and resolve security gaps.
Accounting
CPAs Provide Six Ways to Replenish the Talent Pipeline
From evolving CPA licensure models to better starting pay, the profession can do several things to attract new talent, a new NPAG report says.
Auditing
PCAOB Replaces Old Quality Control Rules With a New Standard
The new quality control standard will require audit firms to annually evaluate their QC systems and report the results to the PCAOB.
Auditing
New PCAOB Rules Would Push Auditors to Assemble Final Documentation More Quickly
As part of a new standard adopted May 13, the time period to assemble a final set of audit documentation would be cut from 45 to 14 days.
Firm Management
PwC Admits 158 to Partnership
The class of 2024, which includes 88 partners and 70 principals, is significantly smaller than last year’s class of 258.
Taxes
IRS: No Change in Tax Interest Rates for Q3 2024
Starting on July 1, the rate for overpayments and underpayments for individuals will be 8% per year, compounded daily.
Firm Management
CLA Acquires U.K. Tech Company Engine B
The acquisition of Engine B, a provider of generative AI solutions to the professional services industry, is CLA's first global deal.
Firm Management
Sikich Secures $250 Million in PE Funding From Bain Capital
The minority investment from Bain allows top 30 firm Sikich to keep majority control of the company and its existing leadership team.
IRS
IRS Increases HSA Contribution Limits for 2025
Beginning in January, you'll be able to contribute more to your health savings account, based on the IRS's latest inflation adjustments.
Accounting
C-Suite is Optimistic About GenAI Use Within Finance and Accounting, Deloitte Says
Despite low adoption rates, 43% of executives say they're either discussing use cases or have future plans to adopt the technology.