Firm Management December 24, 2025
BDO Reports 4% Growth in 2025 Global Revenue
2025 global revenue for BDO reached $11 billion for the financial year ending Sept. 30, a 4% increase from last year, the accounting firm said Dec. 10.
Auditing December 19, 2025
CPA Barred, Audit Firm Fined by PCAOB for Quality Control Issues
Jennifer Crofoot, a former audit partner at Fruci & Associates II, was barred for three years and the firm was docked $50,000 for failing to follow U.S. auditing rules and standards in connection with the audits of four public companies.
Auditing December 19, 2025
PCAOB Fines Florida Audit Firm $35,000 Over Tardy Form AP Filings
West Palm Beach, FL-based accounting firm Beckles & Co. agreed to a censure and fine for repeatedly failing to make required disclosures about who worked on audits.
Auditing December 19, 2025
PCAOB Censures and Fines Texas Firm for Audit Failures
Sugar Land, TX-based accounting firm TPS Thayer was sanctioned on Dec. 4 for violations that include failing to supervise an unregistered China-based firm.
Firm Management December 17, 2025
KPMG Sees Global Revenue Rise to $39.8 Billion in 2025
It was a banner year for those representing the blue and white of KPMG as the Big Four firm reached a record $39.8 billion in revenue for the 2025 fiscal year, up 5.1% in local currency terms and 5.4% in U.S. dollar terms from FY 2024.
Accounting Standards December 17, 2025
FASB OKs Improvements to Accounting Standards Codification
The new standard issued on Dec. 17 focuses on updating the FASB Accounting Standards Codification for a variety of topics, including technical corrections, unintended application of the Codification, clarifications, and other improvements.
Accounting Standards December 17, 2025
GASB Provides New Guidance on Reporting of Subsequent Events
The Governmental Accounting Standards Board issued a new standard on Dec. 17 that is designed to improve the financial reporting requirements for subsequent events.
Technology December 17, 2025
Harness Wants to Know How Tax Professionals Use Technology
The New York City-based tax and financial advisory platform has launched its Tax Advisor Tech Survey, designed to capture a clear, data-driven picture of how today’s tax and accounting firms are leveraging technology and where the biggest gaps, opportunities, and needs still exist.
Mergers and Acquisitions December 15, 2025
Baker Tilly Set to Acquire Top 100 Firm Berkowitz Pollack Brant
The Chicago-based top 10 firm said Dec. 15 it plans to acquire Berkowitz Pollack Brant Advisors + CPAs, an accounting and advisory firm based in Miami, establishing its presence in South Florida.
Mergers and Acquisitions December 15, 2025
Doeren Mayhew Acquires TBK CPA in Houston
The top 50 accounting firm has expanded its presence in Houston after acquiring TBK CPA, effective Nov. 17, adding 35 professionals, with four individuals assuming leadership roles.
Mergers and Acquisitions December 15, 2025
Brown Plus Adds Ross Buehler Falk & Co. in Pennsylvania
Brown Plus, a top 300 accounting firm in the U.S. by revenue, said on Friday it will be acquiring Ross Buehler Falk & Co., a Lancaster, PA-based CPA and consulting firm, effective Jan. 1, 2026.
Mergers and Acquisitions December 15, 2025
Capstone Adds Mark Rule & Co. in Montana
Bend, OR-based firm Capstone Accounting and Tax said Dec. 10 that it has brought on Mark Rule & Co., a full-service tax and accounting firm in Butte, MT, that specializes in tax preparation for individuals and business.
Contributors
Amy Vetter
CPA, CITP, CGMA
Becky Livingston
Accounting & AI Marketing Consultant
Brian Tankersley
CPA, CITP, CGMA
Garrett Wagner
CPA, CITP, CEO and Founder of C3 Evolution Group
Jim Boomer
CPA, CITP, CEO
Ken Berry, JD
CPA Practice Advisor Tax Correspondent
Kristy Short, Ed.D.
Accounting Content Specialist
Mary Girsch-Bock
Contributing Writer
Randy Johnston
MCS, MCP
Roman Kepczyk
CPA, CITP, CGMA
