Crowe is the latest top 15 firm to strike a private-equity deal. Also, Baker Tilly announced plans to relocate its headquarters to New York and acquire another top 100 firm.
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TIGTA: IRS reassigned staff after layoffs for filing season
More than 11,000 workers left Taxpayer Services, prompting the IRS to assign 1,173 higher-paid employees to lower-grade positions, the report from the Treasury Inspector General for Tax Administration said.
PCAOB seeks comment on proposed quality control amendments
The PCAOB issued for public comment a supplemental release regarding narrow, targeted proposed amendments to QC 1000, A Firm’s System of Quality Control, and related amendments to forms and the QC reporting rule.
PEEC seeks input on proposed revisions to ‘public interest entity’ definition
Public comments are due by Sept. 15 on the proposed definition, which aims to ensure that the AICPA Code of Professional Conduct keeps pace with future regulatory updates without the need for additional standard-setting actions.
IRS holds hiring events in 6 cities after staff cuts
During the 10th ENGAGE, AICPA Chair Jan Lewis pointed to new hiring as a step toward improving IRS responsiveness.
AICPA recommends improvements to CP53E notice process
A letter to the IRS cites erroneous notices, late guidance, and practitioner confusion. It also calls for clearer rules and system changes.
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.
ENGAGE takeaways: 7 principles to improve CPA firm profitability
For the 10th consecutive conference, former AICPA chair Bill Pirolli shared tried-and-true keys for next-level financial success for firms.
Student enrollment in accounting continues to rise
Enrollment in four-year accounting programs increased 8.9% from spring of 2025 to spring of 2026, the third consecutive year-over-year increase.
ENGAGE keynote: The thinking behind Costco’s hot dog special
Richard Galanti, CFO and the “voice of Costco” for nearly four decades, dishes on keys to the company’s success to kick off the 10th year of AICPA ENGAGE in Las Vegas.
AICPA launches national campaign championing the CPA profession
CPA Trust aims to boost the profession’s profile via media promotions that highlight the unique brand of trust that CPAs offer.
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.
Optimism mixed among US finance leaders
CPA decision-makers in business and industry are less optimistic about the U.S. economy now when compared with the first quarter of this year, but they are slightly more optimistic about their own organizations, according to an AICPA and CIMA survey.
SEC shares 3 goals in proposed 2026–2030 strategic plan
The commission is accepting comments on the draft through July 2.
6 top scorers on CPA Exam earn Elijah Watt Sells Award
Of more than 87,000 CPA candidates who sat for the CPA Exam in 2025, a half dozen passed all four sections on their first attempt while recording a cumulative average score above 95.5.
IRS proposes increase in cost of estate tax closing letter
Proposed regulations issued Monday would raise the cost of the letter to $76, from the $56 set in 2025.
Most retirees worry about savings — but few use financial advisers
Less than one-third of retired Americans in a recent survey reported working with a financial adviser, even though nearly 7 in 10 are concerned about managing their income throughout retirement.
HSA inflation-adjusted maximum contribution amounts for 2027 announced
Rev. Proc. 2026-24 also includes the revised maximum amount that may be made newly available for excepted-benefit health reimbursement arrangements and the aggregate monthly fees allowable for direct primary care service arrangements.
Two AICPA committees unveil proposed strategic plans for next 4 years
The Peer Review Board and Professional Ethics Executive Committee are accepting feedback on their proposed plans for 2027–2030.
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