In a comment letter, the AICPA asks that the department’s new rule related to student loan limits either list accounting as a “professional degree program” or retain current language stating that “professional degrees may include but are not limited to” the list in a notice of proposed rulemaking.
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IRS should open Trump accounts for eligible children automatically, AICPA says
In a letter to the IRS and Treasury, the AICPA said enrolling children by default “would promote equitable access, reduce procedural barriers, and strengthen the intended reach of the program.”
AI early adopters pull ahead but face rising risk, global report finds
Most companies committed to AI tools believe they have a strategic advantage, but they also have more risks to consider.
COSO creates audit-ready guidance for governing generative AI
The Committee of Sponsoring Organizations of the Treadway Commission’s publication relies on its proven internal control framework to help companies manage AI-related risks.
GAO says tax pros helped shape IRS response to ERC issues
The report to Congress also recommends four ways for the IRS to close the chapter on the pandemic-era credit.
Auditing Standards Board proposes changes to attestation standards
An exposure draft approved by the AICPA board updates baseline standards and addresses sustainability and other emerging areas of assurance.
Actor Ryan Reynolds, Costco’s former CFO to headline 10th ENGAGE
Celebrating 10 years in Las Vegas, ENGAGE 2026 is set for June 8–11. The event begins with a high-profile keynote conversation.
What CPAs should know about Trump accounts
What are Sec. 530A Trump accounts, and how should CPAs advise families? This Q&A breaks down contributions, investment limits, and planning considerations practitioners need to understand.
Anticipated applicability date for future final RMD regs. announced
The IRS said it anticipates that the future final regulations on RMDs under Sec. 401(a)(9) will apply for the distribution calendar year that begins no earlier than six months after those regulations’ appearance in the Federal Register.
AI loses ground to pros as taxpayers rethink who should do their taxes
Taxpayers are shifting back toward human tax professionals, with trust in AI for filing slipping across every generation, survey shows.
AICPA seeks guidance on Sec. 174A(c) capitalization and amortization of R&E
Requested guidance can be provided through modifications to Rev. Proc. 2025-28 and/or other published guidance.
Can AI actually lead to a heavier workload?
More than 30% of corporate employees in a new survey said AI has increased their workload, nearly double the percentage of employees reporting a workload decrease.
Apprenticeship program participant aces CGMA case study exam
Financial analyst Caitlin Domina was one of three joint first honorees globally in the latest testing window for the CGMA Management Case Study Exam.
Average tax refund rises 11%; total filings decline
The average individual tax refund is up nearly 11% in the first 10 business days of the 2026 filing season, rising to $2,290 from $2,065 last year.
Corporate spending accelerating toward AI in 2026
CFOs and finance leaders in a Gartner survey signal increased spending on technology in the coming year, along with lower average pay raises for a third consecutive year.
Looking to land a CFO role? 2025 was a good year
The amount of turnover among CFO seats at big U.S. companies increased last year, along with company preference for promoting from within. An executive search firm’s annual report tracks the hiring trends.
IRS broadens Tax Pro Account for accounting firms and others
The update allows firms that serve larger numbers of taxpayers to manage centralized authorization file access, view client information, and streamline authorizations online.
AICPA urges Treasury, IRS to simplify Sec. 951 documentation rules
The AICPA told Treasury that Notice 2025 75’s “determine and document” requirement is “ambiguous and potentially onerous” and urges replacing it with a simple safe harbor or eliminating it.
Agentic AI is handling more finance work — but can CFOs trust it?
Accuracy concerns mean finance leaders still rely on their teams to validate AI outputs, even as agentic AI shows potential to free up more time for strategic work, according to a new report.
AICPA supports Accounting STEM Pursuit Act legislation
A bill introduced in the Senate would expand student awareness and access to educational opportunities in accounting via the technology portion of the science, technology, engineering, and math program.
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Promises of ‘fast and easy’ threaten SOC credibility
CPAs who provide Service and Organization Control (SOC) examinations warn that an ongoing push for high-volume SOC services may come at the cost of quality and objectivity.
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