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News
HBK takes outside investment
4+ min ago (358+ words) H.I.G. is an alternative investment firm based in Miami with $75 billion of capital under management. The transaction, which is with HBK's first institutional partner, is expected to close in the fourth quarter of 2026. HBK, based in Canfield, Ohio, ranked No. 49 on…...
Salary first, and then everything else
5+ hour, 40+ min ago (371+ words) When the millennials first started entering the accounting profession at the very beginning of the century, hiring managers and firm partners were astonished to discover in salary negotiations and annual reviews that this new generation often brought up other priorities…...
Guggenheim's Walsh says accounting at GPI unit was 'appropriate"
5+ hour, 48+ min ago (353+ words) Guggenheim Partners is working with regulators as they probe a business accounting issue at one of its subsidiaries, according to Anne Walsh, chief investment officer of the firm's asset-management business. "We have been very open with regulators and very cooperative…...
Xerocon 2026: use AI but stay aware of security risks
6+ hour, 39+ min ago (581+ words) Another big security hole, she said, is that while an LLM's reasoning packets can be encrypted, this encryption can also be broken by another LLM, and not even necessarily a more advanced one. For example, if someone has a big…...
Xerocon 2026: Leaders not sweating vibe coders, AI token costs
10+ hour, 47+ min ago (416+ words) As AI coding assistants become more powerful, a small but growing minority of people – including accounting and finance leaders – have turned to "vibe coding" to meet their software needs (see previous story.) However, much like other major vendors, Diya Jolly,…...
What successful M&A looks like
1+ day, 5+ hour ago (1162+ words) Acquiring another accounting firm may seem like a quick and easy way to boost growth — particularly when compared to the slow slog of building up business organically — but it's really neither quick nor easy. For many of this year's Fastest-Growing…...
Will AI replace accounting firms in the small biz market?
1+ day, 5+ hour ago (944+ words) Because of artificial intelligence, small-business owners today have choices that they never had before. Financial reporting is just one of the areas where AI can reduce costs the most, especially for companies with $10 million to $70 million in revenue. Today, many…...
The 2026 Salary Survey: Inching upward
1+ day, 6+ hour ago (447+ words) Accounting base salaries inched up again over the past year, while bonuses for lower-level employees decreased. Accounting Today and its parent company Arizent conducted our third annual salary survey, collecting responses from accountants from firms of all sizes regarding their…...
An AI-generated P&L is only as good as the data beneath it
1+ day, 6+ hour ago (563+ words) Generative artificial intelligence is changing how finance teams interact with corporate data. Instead of navigating reports, exporting spreadsheets, or waiting for variance analysis, executives increasingly expect to ask questions in natural language: Consider a seemingly straightforward request: "Show EBITDA by…...
Sax Wealth Advisors adds Florida wealth manager
3+ day, 23+ hour ago (288+ words) Sax Wealth Advisors, the wealth management arm of Top 100 Firm Sax Advisory Group, has acquired Florida-based wealth management firm Lighthouse Financial. The deal, which closed at the end of June, gives Sax Wealth Advisors a second Florida office, and adds…...