Advertisement

FASB seeks comment on hedge accounting guidance

FASB published two Accounting Standards Updates recently. One is intended to improve accounting guidance for interest rate risk hedging and net investment hedging, and the other relates to guidance for certain market-return cash balance plans.

7 CPAs honored at ENGAGE 2026

The AICPA honored seven CPAs at ENGAGE in Las Vegas, highlighting CPA efforts in a specific accounting specialty area, excellence in volunteer efforts, and significant contributions to the profession.

IRS to merge tax practitioner offices despite AICPA opposition

The new Tax Professional Management Office will combine the Return Preparer Office and Office of Professional Responsibility functions under one structure, with the IRS saying their missions and oversight roles would remain unchanged.

5 state CPA societies merge

The CPA organizations of Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont have approved a merger to form the New England Society of CPAs.

SPONSORED REPORT

Agentic accounting has arrived: What’s hype and what’s real?

Artificial intelligence (AI) is moving beyond chatbots and into accounting workflows. A new generation of agentic AI tools can plan, execute, and adapt as they complete tasks, raising expectations for what automation can do inside firms and finance departments. What can agentic AI realistically do today and what challenges are there in its implementation? Find out in this Journal of Accountancy sponsored report.