Andersen Group, the US arm of a professional services firm founded by former partners of shuttered accounting giant Arthur Andersen, filed publicly for an IPO https://t.co/8uMMXGrMGq ...

Core Insights - Aprio, an Atlanta-based business advisory and accounting firm, is expanding its wealth management division through the acquisition of Mize CPAs, which specializes in servicing McDonald's franchise owners [1][2] - The acquisition includes Prism Financial Group, Mize's affiliated wealth management firm, which will increase Aprio's assets under management to over $5 billion [2] - The deal will add new offices in Topeka and Overland Park, Kansas, along with 20 partners and over 300 employees, as part of Aprio's broader Midwest expansion strategy [3] Company Overview - Mize CPAs, founded in 1956, is the largest accounting and payroll provider for McDonald's franchisees and offers services nationwide [4] - Aprio, established in 1952 and rebranded in 2015, is one of the largest accounting firms in Atlanta and the U.S., providing advisory, tax, and private client services globally [5] Leadership Changes - Following the acquisition, Mize Managing Partner James Hilbert and Prism Managing Partner Tim Shmidt will join Aprio as partners, with Bryan Phillips taking on the role of McDonald's owner/operator market leader [6] Strategic Investments - In July 2024, Aprio received a strategic investment from Charlesbank Capital Partners, aimed at enhancing the firm's growth through organic means and mergers and acquisitions [6][7]

PwC has cut around 60 partners and 1,500 staff in the Middle East following a falling out with Saudi Arabia’s sovereign wealth fund, the Financial Times reported https://t.co/eZKAszjuwP ...

Core Viewpoint - The Institute of Chartered Accountants of Scotland (ICAS) is advocating for stakeholder engagement in the UK government's consultations on sustainable finance strategy, emphasizing the importance of establishing sustainability reporting standards and climate-related transition strategies [1][2]. Group 1: Stakeholder Engagement - ICAS has been actively gathering feedback from its members through surveys and workshops with government officials from the Department for Business and Trade (DBT) and the Department for Energy Security and Net Zero (DESNZ) [2]. - ICAS director of sustainability, Fiona Donnelly, expressed strong support for the UK government's ambition to lead in sustainable finance, viewing the consultations as essential for modernizing non-financial reporting [2]. Group 2: Reporting Standards - ICAS has called for a clear, consistent, and proportionate reporting regime that provides meaningful information, reduces regulatory burdens, and ensures uniform application criteria across the market [3]. - The organization has urged the government to balance international comparability with the flexibility for businesses to present their unique narratives [3]. Group 3: Transition Plans - UK financial institutions and major companies will be required to develop transition plans aligned with the Paris Agreement's 1.5°C target [4]. - The government plans to outline its policy approach later in the year after reviewing consultation responses, with ICAS indicating its intention to remain engaged with DBT, DESNZ, and other stakeholders [4].

IAB's Tech Supplement 2025 is now live and available to read here. This edition features expert insights from our partners and sponsors on how the accountancy profession is utilising the latest technology. Praxity CEO Sam Louis examines how success now hinges on a firm’s ability to embrace a digital-first mindset, one that identifies value-add through the strategic alignment of its tech stack, relationships and talent. Paul Lodder, VP of Accounting Product Strategy at Dext, unpacks the challenges for s ...

Core Insights - MSI Global Alliance has expanded its network by adding two new accounting firms: Al Nuha International in Oman and Simplica in Switzerland [1][2] - Al Nuha International provides auditing, accounting, and consulting services to a diverse clientele, including multinational corporations and government entities [1] - Simplica offers a range of services such as accounting, HR and payroll, tax advisory, cloud computing, software consulting, and audit, catering to both local and international clients [2] Group 1: Company Expansion - The addition of Al Nuha International enhances MSI's capabilities in the Middle East, allowing for better service of inbound and outbound requirements with local expertise [1] - Simplica's inclusion strengthens MSI's presence in Switzerland and improves resources available to members and their clients in this market [2] Group 2: Leadership Changes - Martin Scott was appointed as the new CEO of MSI Global Alliance on April 28, 2025, succeeding Andrew Leck [2]

Core Insights - The increasing trend of private equity (PE) ownership across various industries, particularly in accounting, is notable, with projections indicating that over half of the top 30 accounting firms could be under PE ownership by the end of 2025 [2][3]. Industry Trends - From 2020 to September 2025, there have been at least 90 private equity-related transactions and firm mergers in the accounting sector, with 52 occurring in 2025 alone, highlighting the rapid growth of PE influence [2]. - Private equity firms are estimated to own about 10% of all apartment stock in the United States, indicating that few industries are immune to PE's reach [3]. Company Dynamics - Companies often view PE investments as a means to increase capital access and facilitate growth, as seen in the case of Milwaukee-based accounting firm Wipfli, which announced a minority investment from New Mountain Capital to accelerate its growth [5]. - The tension between founders' long-term visions and private equity firms' goals of quick returns can create challenges in company direction and strategy [5]. CFO Strategies - CFOs are advised to build trusted relationships with new ownership to navigate the complexities of private equity situations effectively [7]. - The importance of storytelling and relationship management is emphasized for CFOs in private equity contexts, as they need to be more relationship savvy than in previous roles [8].

One of the coolest parts was that they pre-scheduled meetings not just with my team but with others who hold CFO roles across our client consulting and advisory organization, even in other states. I met a colleague at a similar CFO function in Minnesota and another in Rhode Island. Those conversations had no agenda. It was just, here’s someone who does your job, [now] ask them what you want. That gave me perspective on the nitty-gritty day-to-day, the things you can’t put on paper.At CLA, the onboarding pro ...

Chartered Accountants Australia and New Zealand (CA ANZ) has submitted its recommendations to the Productivity Commission, focusing on economic collaboration and the modernisation of Australia's tax system. The submission, which covers four of the commission's five interim reports, also advocates for making digital reporting the standard for entities. The accounting body emphasises the need for a more efficient tax mix and a lower corporate tax rate, albeit acknowledging the budgetary challenges involv ...

This AI Startup Is Training The Next Generation Of Accountants https://t.co/0luYpqeuPl https://t.co/2vxumqJh59 ...