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📊 U.S. audit quality improved significantly in 2025. The PCAOB says the overall deficiency rate fell from 38% to 23%, while Big Four firms improved from 20% to 8%. The regulator is now examining what drove the gains while modernizing its inspection process. #Accounting #Audit

🧾 Form 1099 compliance is changing for the 2027 filing season. Certain reporting thresholds rise from $600 to $2,000, while the IRS FIRE system will be retired after Nov. 19, 2026, pushing firms toward IRIS. Time to review workflows, software and state requirements. #Form1099

📈 U.S. GDP grew at an annualized 3.4% in Q3, up from 2.2%, helped by strong AI infrastructure investment and consumer spending. But inflation remains elevated and the personal savings rate has fallen to 3.8%, adding uncertainty to the outlook. #Accounting #USEconomy #Finance

💸 Less manual AP. More time for clients. BILL uses AI-powered, exception-based workflows to help accounting firms automate bill pay, simplify their tech stack and free up capacity for higher-value work. 👉 Start a risk-free trial buff.ly/tA3lL8d #Accounting #AP

FASB is proposing simpler rules for equity-method investments, including a single significant-influence threshold and clearer guidance for complex earnings allocations. The goal: less complexity, lower compliance costs and more consistent reporting. 🗓️ Comments due Jan. 11, 2027

🧾 The IRS is launching its first formal correction program for administrative IRA errors on May 1, 2027. ICRS will cover issues including missed RMDs, incorrectly established accounts, beneficiary distributions and failed 60-day rollovers. #Accounting #Tax #IRS #IRA

📊 What will CFOs fund next? Paystand’s new report, based on 200+ U.S. finance executives, explores investment priorities, workflow friction, AI and automation. 👉 Get the free report buff.ly/XwocRoF #CFO #Finance #Automation #CashFlow

📚 When the ledger cannot be trusted, the evidence has to come first. CFO Fractional’s Carlos Flores says Chapter 11 reporting should be rebuilt around bank statements, third-party documents and clearly separated liabilities. #Accounting #Chapter11 #FinancialReporting

📊 50% of finance executives say the talent and skills gap is their biggest threat to stability. Yet while more than half plan to increase AI spending, only 3% have integrated AI into core finance functions. Closing the gap may require linking technology and talent planning.

🧩 More tools do not always mean a better accounting firm. Guilherme Petersen of Pratica warns that poorly planned integrations can create data issues, security risks, wasted time and slower client service. Regular tech stack audits could help firms spot the hidden friction.

AI is freeing up meaningful capacity inside accounting firms. Xero found practices save 7.6 hours per week on average with AI, rising to 9.1 hours for firms embedding it into daily workflows. Many are redirecting that time into business development and higher-margin advisory work

🔎 AI is changing how clients find accounting firms. GEO, focuses on getting your expertise included in AI-generated answers, not just ranking in traditional search. Original content, accurate information and clear expertise are becoming even more important. #Accounting #GEO

🌍 The IMF is urging advanced economies to rein in deficits as higher borrowing costs strain developing nations. Developing economies are paying around 3x more in interest, while nearly 10% of government spending goes toward debt repayments on average. #Accounting #GlobalEconomy

A major IRS reform package has cleared the Senate unanimously. The Taxpayer Assistance and Service Act includes 65 reforms covering digital services, taxpayer protections and stronger standards for paid tax preparers. #Accounting #Tax #IRS #TaxProfessionals

🤖 Deloitte has launched Risk Clarity, an AI-native ERM platform with 25+ AI agents covering risk assessment, compliance, controls, testing and reporting. The aim is to reduce manual work while keeping human oversight in place. #Accounting #RiskManagement #AI #Compliance

🧾 The IRS has launched a digital Form 211 and online portal for whistleblowers reporting suspected tax fraud, evasion and financial crime. The move aims to streamline submissions and speed up responses, alongside stronger cooperation with the UK’s HMRC. #Accounting #Tax #IRS

🧾 Is your firm ready for tax season? Join Intuit Accountants EMPOWER 2026 on November 10 for a free virtual event covering workflow, automation, tax law changes, security and technology. 👉 Save your spot buff.ly/CpdIPEo #Accounting #TaxSeason #Automation #TaxPros

A bigger finance tech stack does not always mean a better one. Join experts from Spendesk and Lucanet to explore how finance systems should connect, where AI and automation add real value, and how to avoid unnecessary complexity. 📅 29 Oct | 💻 Online buff.ly/R2Htc1R

Tax changes. Audit developments. A profession in motion. Keep up with Accountancy Slice: a concise weekday briefing covering accounting, tax, reporting, technology and practice news. Sign up now for free: buff.ly/pZfGKgR #Accounting #Tax #AccountancySlice

🧾 #Tax practitioners are heading into 2026 facing growing uncertainty around #IRS guidance, tax controversies and clean fuel credits. Jennifer Breen of Jones Day says the challenge is often helping clients navigate what comes next when the answer is not yet clear. #TaxLaw