Core Insights - UHY has acquired Larson Tax Partners, a tax advisory firm based in St. Louis, Missouri, enhancing its tax service line and presence in the US Midwest [1][2] - The acquisition aligns with UHY's strategy to provide industry-informed advice for complex tax issues and long-term growth planning [2][4] - UHY aims to deepen its tax capabilities nationally while providing Larson Tax Partners with enhanced resources and technology to better serve their clients [3][4] Company Expansion - UHY is in an expansion phase across the US, now employing over 2,000 professionals in more than 40 offices nationwide [3] - The acquisition of Larson Tax Partners is part of UHY's ongoing investment strategy targeting high-growth business markets [4]

Core Viewpoint - The Association of Chartered Certified Accountants (ACCA) emphasizes that organizations should not allow inconsistent data to hinder their sustainability reporting, asserting that useful disclosures can still be made without precise figures [1]. Group 1: Guidance on Sustainability Reporting - The ACCA provides practical methods for developing sustainability information using "reasonable and supportable" data, which aids organizations in making transparent assumptions about current conditions and future outcomes [2]. - The report highlights that organizations often estimate sustainability metrics when direct measurements are not feasible, and it serves as a guide as sustainability reporting requirements evolve [3]. Group 2: Data Quality Improvement Measures - Some organizations rely on third-party or proxy data, while others derive sustainability indicators from existing financial or operational records. The ACCA notes that many are working to enhance data quality at the source through staff training, dedicated sustainability data systems, and collaboration across the value chain [4]. Group 3: Importance of Estimates in Reporting - Although direct measurement is the ideal for robust sustainability data, the report acknowledges that estimates are sometimes necessary due to uncertainty or evolving measurement scopes. It suggests that gradually improving estimates can be a practical approach to generating useful sustainability disclosures [5]. - The report asserts that "reasonable estimates do not undermine the usefulness of the information if the estimates are accurately described and explained" [6].

ETL Italia, the joint venture created by ETL GLOBAL and NexumStp, has acquired an undisclosed stake in Studio Vicarioli Pistone & Partners, an Italian practice specialising in accounting and tax services. Studio Vicarioli Pistone & Partners is based in Canelli, in the Asti province, and has been operating for more than 40 years. It works with clients across the Asti and Langhe areas and also supports overseas investors, with a particular focus on clients from Northern Europe. The company will continue t ...

The Chartered Institute of Management Accountants (CIMA) has announced its support for the UK Sustainability Reporting Standards (UK SRS), describing them as a “significant step” to enhance transparency, accountability and trust in sustainability reporting. The UK SRS, finalised by the UK Government on 25 February, aim to give investors consistent, comparable and high-quality information on a company's sustainability risks and opportunities. They are based on the International Financial Reporting Standa ...

修正草案增加一章"监督管理"，完善监管措施。修正草案将会计师事务所设立审批由"先照后证"调整 为"先证后照"，即申请人先申请执业许可，再凭执业许可领取营业执照。同时，明确对会计师事务所从 事上市公司审计服务实施准入管理。修正草案明确省级以上财政部门负责监督检查会计师事务所和注册 会计师执业情况，并规定监督检查可以采取监管谈话、出具警示函、责令限期整改等监管措施。同时， 修正草案还明确实施失信惩戒，规定会计师事务所、注册会计师违反规定情节严重的，依法列入严重失 信主体名单，实施失信惩戒。 修正草案加大了责任追究力度，将违规出具报告的处罚额度由现行法的最高处违法所得5倍罚款提高至 10倍；情节严重的，暂停业务直至吊销执业许可；明确因出具虚假报告被追究刑事责任的注册会计师终 身禁业。修正草案还增设违反执业禁止性规定以及委托人或者被审计单位串通、唆使会计师事务所或者 注册会计师出具虚假报告等违法行为的法律责任。（彭 波） 2月25日，十四届全国人大常委会第二十一次会议审议了注册会计师法修正草案。草案聚焦加强党的领 导、完善监管措施、加大责任追究力度等方面，着力解决审计造假等注册会计师行业存在的突出问题。 现行注册会计 ...

Financial Data and Key Metrics Changes - In Q4 2025, revenue was $543 million, an 18% increase year-over-year, driven by acquisitions [24] - Full-year revenue grew 52% compared to the previous year, with approximately 2% organic growth [25] - Adjusted EBITDA for the full year was $447 million, with a margin increase of approximately 530 basis points year-over-year [26] Business Line Data and Key Metrics Changes - Financial Services revenue for Q4 was $439 million, up 23% year-over-year, with full-year revenue at $2.3 billion, a 70% increase [28] - Benefits and Insurance (BNI) revenue for 2025 was $410 million, representing 2% growth year-over-year, primarily driven by employee benefits and payroll services [30] Market Data and Key Metrics Changes - The company noted a soft market condition in the first half of 2025, impacting revenue growth, but saw improving sentiment in the second half [6][22] - More than 70% of revenue is recurring, providing resilience across economic cycles [22] Company Strategy and Development Direction - The strategic focus for 2026 and beyond includes attracting top talent, enhancing brand visibility, and deepening industry specialization [9][12] - The company aims to leverage AI and automation to improve efficiency and client service, viewing AI as an extension of existing automation initiatives [15][17] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about improving market conditions and client sentiment heading into 2026, expecting increased project-based work [21][45] - The company anticipates organic revenue growth of 2%-5% for 2026, with a focus on maintaining strong client relationships and expanding service offerings [32][38] Other Important Information - The company repurchased approximately 2.4 million shares for $160 million in 2025 and plans to continue share repurchases [27] - Free cash flow for the full year increased to $176 million, with a conversion rate of approximately 40% from Adjusted EBITDA [28] Q&A Session Summary Question: Impact of soft market conditions on revenue growth - Management noted that soft market conditions in the first half of 2025 affected revenue, but sentiment improved later in the year, leading to increased advisory work [41][45] Question: Role of AI in the business - Management indicated that AI will augment existing services, making processes more efficient, but the trusted advisor role remains critical [46][51] Question: Pricing expectations for 2026 - Management confirmed that pricing is expected to remain in the mid-single-digit range for 2026, consistent with 2025 [56][60] Question: Performance of SEC capital markets - Management acknowledged that SEC capital markets work was softer in 2025 due to market conditions but expressed optimism for improvement in 2026 [65][67] Question: Growth expectations for different business segments - Management highlighted that core accounting and tax services are more stable, while advisory services are more susceptible to market conditions [75][76]

MHA, an independent UK member of Baker Tilly International, has appointed Murray Watt as partner and head of operations. In this position, Watt will work with the CEO and senior leadership to implement MHA’s growth, transformation and operational priorities. MHA group chairman and CEO Rakesh Shaunak said: “Murray brings a rare combination of strategic clarity and operational discipline. “His experience driving growth and transformation initiatives across global markets will be invaluable as we continue ...

By Pragyan Kalita Feb 24 (Reuters) - AI accounting startup Basis has raised $100 million in a Series B round valuing the ‌company at $1.15 billion, as investors pour money into agentic ‌AI systems designed to operate autonomously on complex tasks. The round was led by ​venture capital firm Accel, with participation from GV, formerly known as Google Ventures, former Goldman Sachs Chief Executive Lloyd Blankfein and existing investor Khosla Ventures. Basis runs an AI agent platform for accountants ‌and ...

Abacus Worldwide, an association of independent accounting, consulting and legal businesses, has expanded its network with new members in the US and Turkey. Barnes Preston Global CPAs, based in Ft. Lauderdale, Florida, has joined under the Abacus One category, which is aimed at solo practitioners looking to scale their practices. The company supports both individual and business clients on US and cross-border tax and accounting matters, with a focus on complex financial arrangements and international ta ...

Core Insights - INPACT Global has expanded its alliance by adding four new members from Bolivia, Argentina, India, and Spain, enhancing its market coverage and client service capabilities across multiple jurisdictions [1][5] Group 1: New Members and Their Backgrounds - GORENA, SÁNCHEZ & COMPAÑÍA is the first member from Bolivia, providing auditing, consultancy, tax, and accounting services since its establishment [1][2] - Alejandro González y Asociados from Argentina has joined INPACT Global; it was founded in 1966 and initially focused on management, auditing, and taxation [2] - NCS & Co. from Mangalore, India, established in 2014, offers audit, advisory, accounting, and tax services, emphasizing practical, risk-based work for small to mid-sized businesses [3][4] - Euroaccounts from Spain, founded in 1996, has advised over 500 companies and handles more than 1,000 client queries annually [5] Group 2: Services Offered - The new members provide a range of services including auditing, consultancy, tax, accounting, cost management, quality management, and human resources [2][3][4] - NCS & Co. specifically focuses on helping international organizations establish compliant operations in Argentina and conducting compliance reviews for NGO programs [3]