News & Updates

As AI moves from possibility to business necessity, many accounting firms risk rushing in without thoughtful adoption and integration.

Change management related to technology, including the rise of artificial intelligence (AI), ranked as CPA firms’ leading issue by expected impact in the next five years, according to the latest CPA Firm Top Issues Survey.

Virginia Gov. Spanberger signed HB 353 to expand access to affordable health benefit options for nonprofit employees across the Commonwealth.

Private companies have various options to raise capital when compared to public companies. These options are quite different from one another, so it is important to determine which option suits a particular business best and will allow it to grow successfully.

The ruling says the Education Department violated Congress’s instructions by adding criteria strictly limiting which degrees qualify for higher federal student loan borrowing caps. The CPA profession has actively lobbied against the rule because accounting was not labeled under the 'professional degree' designation.

The rule defines "financial institution" broadly enough to capture tax preparation firms and financial advisors directly, not just banks and lenders.

Organizations navigating change need leaders who can build trust, foster belonging, and engage people to contribute at their full potential.

On June 24, 2026, National Taxpayer Advocate Erin M. Collins released her Fiscal Year 2027 Objectives Report to Congress, highlighting a largely successful 2026 filing season in which the IRS processed nearly 139 million individual tax returns and issued more than 90 million refunds.

An annual survey shows that Gen Z and millennial workers equate success with steady progress and prioritize well-being over promotions.

On June 23, 2026, the VSCPA Accounting & Advisory Committee submitted comments to the Governmental Accounting Standards Board on the Infrastructure Assets Exposure Draft.

On June 23, 2026, the VSCPA sent comments to the IFRS Foundation on its exposure draft proposing amendments to SASB Standards and IFRS S2 Industry-Based Guidance.

On June 23, 2026, the VSCPA Accounting & Auditing Advisory Committee submitted comments to the SEC on its proposed amendments to Form PF.

When your technology doesn’t perform well, you are not necessarily looking at a “rip-and-replace” situation. Much like tuning up a car – you may find that a technology tuneup is all that’s needed to reclaim the performance you need.

New research examines whether disciplined, transparent non‑GAAP reporting can strengthen valuations and dealmaking.

When it comes to building a culture of health and well-being, employees take their cues from the messages they see, the behaviors leaders model and the workplace norms that are reinforced every day.

Tax preparers: Share your feedback on the 2025 tax filing season with the Virginia Department of Taxation so they can improve the electronic filing experience.

Religious organizations continue to operate in an environment shaped by changing donor expectations, evolving workforce models, and increasing demands for transparency and accountability. For finance leaders and boards, these shifts affect accounting judgments, audit readiness, and long-term financial sustainability.

Decades of research on post-merger integration shows that employees experience mergers through the lens of values, identity and purpose. This is why cultural integration so often becomes the decisive factor in whether a merger deal succeeds.

With the increasing demand for instant payments, banks must ensure they have enough liquidity at all times, which opens the door to unintended costs and risks.

New Wharton research reveals how personalizing AI tutors for students can improve learning without increasing instruction time or teacher workload.