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WK Audit Suite Coming

Wolter Kluwers will introduce its global audit cloud suite this year. The statement was made during the week’s webcast for the year ended December 31 by chief executive Nancy McKinstry.

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AICPA: Suspend BOI Reporting

A requirement for reporting beneficial ownership in formation, which went in effect last month, should be suspended, the American Institute of CPAs said this week.

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Zoho: More Accountant Benefits

Accountants will receive more benefits under Zoho’s accounting program, according to Val Steed, who runs the software company’s accounting program.

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Thomson Highlights AI Plans

Thomson Reuters focused heavily on artificial intelligence in its webcast for earnings for the year ended December 31. Although most of the activity in 2023 with generative AI involved its legal market products, the company said it will add such capabilities to its Checkpoint research platform this year.

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PE Firm Invests in Baker Tilly

Two private equity firms have made what is described as a “strategic investment” in CPA firm Baker Tilly US. The size of the investment by Hellman & Friedman and Valeas Capital Partners, which is expected to close in early June, was not disclosed.

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Patriot Grows Affiliate Net

Patriot Software is expanding affiliate marketing with a launch of its Affiliate Program on Impact.com.

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Citrin Cooperman Acquires Reseller

Citrin Cooperman has acquired Mibar, a value-added reseller based in New York,  N.Y. It is Citrin’s second purchase of a mid-market accounting software reseller in a year.

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WK Debuts Reporting Products

 Wolters Kluwer has introduced an application for businesses impacted by the beneficial ownership reporting rule under the Corporate Transparency Act. The rule took effect on January 1.

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Revised CPE Standards Approved

 Revision to the Statement on Standards for Continuing Professional Education.

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KKR to Buy Iris

KKR is reported in talks to buy Iris, which owns a variety of tax and accounting office applications, for about $5.74 billion via debt financing. The deal was reported this week by Bloomberg, which attributed it to sources.

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