Technology

Ernst & Young has been ramping up its use of artificial intelligence technology to make its audits more thorough for clients worldwide, while turning auditors into AI developers.

Intuit announced a host of new upgrades and capacities in Intuit Enterprise Suite and QuickBooks Online Advanced made specifically for mid-market entities.

Recent data indicates that the profession is starting to diverge in how it relates to and uses AI, with heavy users on one end and light users on the other, but it may not stay this way for long.

Fieldguide added new financial audit capacities to handle drafting, reviews and disclosures plus a way to connect with other AI models directly.

Despite high confidence from leaders in AI, 26% of executives said internal audits have detected AI errors that reached external audiences or the board.

Synthetic voices; CRAT; cross-border commerce; and other highlights from our favorite tax bloggers.

John LaMancuso, CEO of K1X talks about what accountants are getting right — and wrong — with AI.

Plus, Bloomberg Tax Provision gets beefed up ; support for FileCabinet CS to expire in 2027; and other updates.

The FRONTIER Act is a meaningful step forward. But without contemporaneous records and truly independent verification, oversight begins too late