Starting mid-May, Chinese companies trading in Hong Kong will have more options when picking auditors. The country’s finance and stock market watchdogs just greenlit RSM and Baker Tilly, two accounting firms based in China, to handle these audits. This move follows a 2025 decision to expand the list
Cloud accounting tools that can handle several companies at once are the most useful today. They pull together data from each business unit, run automatic checks between them, and give up‑to‑date reports that leaders can trust. The main goal is to let one system sit at the center of all the diffe
Large businesses need a single cloud platform that can handle all their financial work, from bookkeeping to compliance. The best options let you manage several subsidiaries at once, automate routine tasks, and show live data so leaders can act fast. When picking a system, start by listing the must‑
Accounting firms and their clients are seeing a big shift in how they work together. For years, the routine was simple: clients sent their financial data, firms did the work, and then sent it back. This happened in cycles, like tax season or audits. But now, things are changing fast. AI is becoming
Ardent Health, Inc. is in hot water. A class action lawsuit has been filed against the company and some of its top executives. This comes after the company's Q3 2025 financial results left investors feeling shortchanged. The lawsuit claims Ardent misled investors about how it handled revenue and re
In 2026, the Financial Accounting Standards Board (FASB) will tackle two big projects related to cryptocurrency. These projects could make a huge difference for big companies that want to invest in digital assets. The FASB made some big changes in 2024. They introduced new rules for how companies s
A business in Pennsylvania caught a break when the state's Board of Finance and Revenue (BFR) decided to cut some of the penalties for late sales tax payments. This wasn't a full win, though. The business still has to pay the actual tax and interest for the last quarter of 2021. The issue started wh
The Education Department has stirred up controversy by redefining which graduate degrees qualify as "professional" for federal student loans. Accounting degrees were notably left off the list, alongside other fields like nursing, engineering, and architecture. This decision could significantly impac
First Nations' deep connection to the land offers valuable insights into environmental accounting. The UN's SEEA-EA framework aims to blend environmental and economic data. It organizes ecosystem details, measures services, and tracks changes over time. But how can it better include First Nations' v
Shigenobu Nagamori, the founder of Nidec Corp. , was once celebrated as a bold and outspoken entrepreneur in Japan. Alongside Masayoshi Son of SoftBank and Tadashi Yanai of Fast Retailing, he was part of a trio known for their ambitious goals and criticism of traditional business practices. However,
