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What Binance’s $6.3B crypto hack means for CPAs
Binance’s $6.3B crypto hack exposed gaps in custody and controls. See what CPAs can learn about hot wallets, proof of reserves, and digital-asset risk.
Not-for-profit pay faces broader tax risk
Because of the expanded excise tax on excess compensation, applicable tax-exempt organizations may need to rethink the structure of leaders’ and key employees’ pay packages.
How CPAs are putting AI to work in audits
Four firms share examples of using artificial intelligence to assess risk, prepare data, and flag anomalies in ways that save time and money.
AI raises the stakes for auditor judgment
CPAs must understand AI’s limits, test its outputs, and keep professional skepticism firmly in human hands.
The trust imperative in the age of AI
Mark Koziel, CPA, CGMA, president and CEO of the AICPA and CEO of the Association of Certified International Professional Accountants, discusses how CPAs have an opportunity to help organizations, investors, regulators, and the public know that they can trust what AI producing.
Problem solved: A math example of CPA-led assurance using AI agents
A CPA who recently solved a 40-year-old math problem using AI believes that the “gold rush” to solve similar problems is creating a golden opportunity for CPAs in the assurance space.
ASB approves standard on auditors’ responsibilities relating to fraud
The AICPA Auditing Standards Board approved a new fraud standard to enhance and clarify auditor responsibilities in a financial statement audit.
AI and the audit: AICPA publishes practice aid to assist auditors
A new practice aid covers the impact of organizations’ use of artificial intelligence in financial reporting and the impact of audit firms’ use of AI in audit engagements.
PCAOB shares agendas for rulemaking, research
The agenda features projects on negative assurance related to comfort letter engagements, auditor independence, fraud, noncompliance with laws and regulations, and going concern. Also, the SEC is considering whether to add the CPA credential as a pathway to accredited investor qualification.
Liquidation accounting: When a going concern dissolves
Drawing from lessons learned in a real-life dissolution, a former CFO shares what CPAs need to know about applying FASB ASC 205-30.
Using an Excel agent to clean, validate, and reconcile data
Follow step-by-step how an agentic AI tool prepares 59,157 rows of general ledger data for audit use in about 10 minutes.
Going concern: What CPAs in audit and finance should know
Going concern assessments are drawing renewed attention. AICPA standard setters help refresh what you know about this fundamental principle.
GAO tax fraud estimate puts annual losses at up to $304 billion
A first-of-its-kind GAO analysis estimates annual federal tax fraud losses at $116 billion to $304 billion. The report said that the IRS needs a coordinated antifraud strategy. The IRS partially agreed with the recommendations but disputed aspects of the report’s methodology.
IRS delayed action on thousands of high-income nonfiler cases, TIGTA says
A TIGTA report found that nearly 39,000 high-priority nonfiler cases were delayed in the IRS’s high-income nonfiler initiative because of resource concerns. The IRS said it has since advanced all affected cases.
4 Excel features that make reviewing large spreadsheets easier
This column explains how Excel’s Freeze Panes, Split, New Window, and Watch Window make navigating expansive spreadsheets more efficient.
SAS 149 is coming: What audit teams need to know
The standard is effective for audits of group financial statements for periods ending on or after Dec. 15, 2026. Find out how it changes group audits and how you can prepare.
PEEC adopts revised definition of ‘attest engagement team’
The change, effective Dec. 15, clarifies for practitioners who is and is not part of an attest engagement team when applying AICPA Code of Professional Conduct independence requirements.
Are finance leaders moving too fast on agentic AI?
While more than 9 in 10 senior finance leaders in a recent survey said they’re under career pressure to demonstrate a return on agentic AI investment, the ROI may be slowed by an emphasis on speed above all.
AICPA updates audit standards related to external confirmations
SAS No. 150, External Confirmations, published Monday following an AICPA Auditing Standards Board vote in May, is designed to address today’s digitally driven environment.
PCAOB consultation process offers new options for firms seeking guidance
Registered public accounting firms are invited to request staff views on the implementation of PCAOB standards, with the option to launch a more formal firm consultation.
