Going Concern

In an appearance before the Senate Finance Committee described as “testy” in at least one media outlet, Treasury Secretary and poorman’s Bob Moritz impersonator Scott Bessent was asked by Sen. Catherine Cortez Masto (D-NV) if he’s acting IRS commissioner. His term as “acting” commissioner expired on March 6 and no one’s been put forth to take the spot since so it’s a valid qu...

CPA Journal ran an interview with SEC Chief Accountant Kurt Hohl, who took the post last year after hitting mandatory retirement age EY in 2023, and boy is it inspirational. We say that with the utmost sarcasm.

Good morning, capital markets servants. It has now been two years since I jokingly remarked Big 4 firms would be swapping in rainbow logos over the weekend only to find no rainbows come Monday and, in some cases, no rainbows at all for the entire month of June. Wi...

On May 4, Business Insider published an article about KPMG’s new AI dashboard. They’ve been publishing several articles in recent weeks about KPMG’s AI initiatives actually, like the tax simulation tool and