The Growing Scrutiny of Accounting Firms in Bank Secrecy Act and Anti-Money Laundering Compliance

Accounting firms are increasingly finding themselves under the microscope of banks and financial regulators, particularly concerning their roles in Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) compliance. While these…

Sax Bolsters Management Consulting and Technology Capabilities with Acquisition of CoMetrics Partners

Top 75 accounting firm Sax has acquired CoMetrics Partners, a New York City-based specialized management consulting and technology firm serving consumer product companies, lenders, and investors, in a strategic move…

Xero and Anthropic Forge Strategic Partnership to Integrate Generative AI into Small Business Financial Management

Global small business platform Xero announced this week a significant multiyear partnership with artificial intelligence research and development company Anthropic. This groundbreaking collaboration will embed Anthropic’s advanced generative AI model,…

Extend Adds Support for Sage Intacct, Xero, and Microsoft Dynamics 365 Business Central

Extend, a leading AI-powered spend and expense management platform, has significantly broadened its service offering for banks and their business clientele with the introduction of new, robust support for Sage…

Mayor Mamdani Signals Retreat from Threatened Property Tax Hike Amidst Broad Opposition

STATEN ISLAND, N.Y. – Mayor Zohran Mamdani has reportedly informed city and state lawmakers that he is "highly unlikely" to proceed with a proposed property tax increase, a significant pivot…

The Overwhelmed Compliance Officer: How an Unchecked Tide of False Positives is Undermining Expertise and Skyrocketing Costs

By Jamie Hoyle Compliance officers, by any reasonable measure, are highly specialized professionals. They possess advanced qualifications, often acquired over many years, and cultivate a profound understanding of intricate regulatory…

Former Portage Mayor James Snyder Appeals Three-Year Probation Sentence for IRS Obstruction Charge

Former Portage Mayor James Snyder has filed an appeal seeking a new trial and challenging the denial of his motions for acquittal, following his three-year probation sentence for obstructing the…

CFOs Misjudge AI Investments by Treating Them as a Single ROI Problem Rather Than a Portfolio of Diverse Bets

SYDNEY, AUSTRALIA – Chief Financial Officers (CFOs) are facing a critical challenge in their approach to Artificial Intelligence (AI) investments, often misinterpreting them as a singular return on investment (ROI)…

EisnerAmper Finalizes Continuation Vehicle Transaction with TowerBrook Capital Partners, Signaling Accelerated Growth and Strategic Investment

EisnerAmper announced on Wednesday the successful completion of a significant continuation vehicle transaction with TowerBrook Capital Partners, the private equity firm that initially invested in the prominent accounting firm in…

The Persistent Wave: Tech Layoffs Unveiled as Recurring Events, Not One-Off Corrections

A comprehensive analysis by Zety, a prominent resume template service, has revealed a concerning trend within the U.S. tech sector: layoffs are increasingly occurring in recurring waves rather than as…