by Ekrem Duman | Jul 29, 2026 | Accounting, Audit Risk & Controls
⚡ TL;DR Two separate 2026 incidents have put Big Four audit quality back under scrutiny: Ernst & Young disclosed a breach of a third-party IT support platform that exposed client tax documents, and the UK’s Financial Reporting Council opened a multi-year...
by Ekrem Duman | Jul 25, 2026 | Accounting, Accounting News
Accounting firms are entering the second half of 2026 under a two-front squeeze: agentic AI systems are moving from pilot projects into core workflows, while the ongoing accountant shortage leaves fewer people to run them. Firm leaders are now expected to prove that...
by Ekrem Duman | Jul 23, 2026 | Accounting
⚡ TL;DRIn 2026, the accounting profession’s biggest tension is not whether to adopt AI but whether anyone can trust what it produces. Surveys cited by FloQast show most CFOs are investing heavily in AI while barely half feel their teams can use it reliably, and...
by Ekrem Duman | Jul 17, 2026 | Accounting
The tariff refund accounting treatment question has no clean answer in 2026. After the Supreme Court ruled in February that the IEEPA tariffs were unconstitutional, Customs and Border Protection began processing billions of dollars in refund claims, yet no single GAAP...
by Ekrem Duman | Jul 12, 2026 | Accounting, Book Taste
Home>Book Taste>Accounting Made Simple Yummy Pick – Amazon Accounting Best SellersAccounting Made Simple: Financial Statements Without the JargonAn accounting-focused Taste Note on the accounting equation, financial statements, accruals, and the basic...
by Ekrem Duman | Jul 4, 2026 | Accounting, Tax Optimization
TL;DR: Estate and inheritance taxes can apply when wealth passes on death, though many people fall below thresholds or qualify for exemptions. Estate tax is generally levied on the estate; inheritance tax on what beneficiaries receive. Common planning approaches...
