Explore the latest shifts in U.S. accounting standards led by FASB, focusing on revenue recognition and lease accounting. Learn what these changes mean for businesses.
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Discover how accounting firms are navigating the AI-driven landscape, leveraging cutting-edge technology to enhance efficiencies in auditing and bookkeeping.
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Explore how the shift toward digital commerce impacts sales tax compliance and the strategies businesses use to navigate these evolving regulations.
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Explore how leadership dynamics in accounting firms are changing due to technology and diversity trends, with insights into modern strategies and tools shaping the industry's future.
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How AI Is Reshaping Payroll: What Every Business Needs to Know The 2025 Payroll Special Report explores how artificial intelligence is revolutionizing payroll—transforming it from a back-office function into a strategic powerhouse. Discover how AI is enabling greater efficiency, accuracy, and compliance while unlocking real-time insights and cost-saving automation. With insights from industry leaders at ADP, Paychex, KPMG, and more,…
NEW YORK - The Tax & Accounting business of Thomson Reuters has donated its entire holdings in CPA2Biz, the for-profit subsidiary of the American Institute of CPAs, to the AICPA Foundation. Thomson Reuters said it had owned 8.71 percent of CPA2Biz following its 2001 investment. At the time, Thomson was one of three companies that invested $25 million each in the effort.
The other initial investors were Aon and Microsoft. However, the outside investment into CPA2Biz never approached the millions that the AICPA initially predicted. In 2002, Barry Melancon, the AICPA's CEO, donated his stock in CPA2Biz, which stemmed from a $100,000 investment, to the foundation.
The AICPA Foundation funds five minority education programs and also funds four other accounting-education programs and two public financial-education guides. It is spearheading the Accounting Doctoral Scholarship program, a $17 million multi-year campaign to fund PhD educational opportunities.
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