Audit & Accounting

Accounting firms that don't keep up with artificial intelligence risk falling behind their own clients, says Madeline Reeves, founder and CEO of Fearless Foundry.

AI tools cannot be the preparer of a tax position. They cannot be subject to Circular 230, defend a study under exam or be professionally disciplined.

Former banking boss Jayne-Anne Gadhia has been picked to chair the U.K.'s audit regulator, the government announced.

Energy isn't simply a bill to be paid. It's a category that needs to be managed with the same discipline as any other major financial exposure.

The firms that benefit most are not treating AI as a replacement for the accountant's judgment. They are treating it as infrastructure: the parts that should have been automated years ago finally being automated.

Financial reporting and automation solutions provider Inscope announced a new release that uses agentic AI to produce a review-ready disclosure checklist.

Judgment about property improvements used to be defined by personal biases and loose, anecdotal evidence. Financial tracking is changing that.

The protection against probes of past tax filings was part of a settlement in which Trump agreed to drop a $10 billion lawsuit he filed against the IRS.

Accountants are justly proud to be the economy's "most trusted advisor," but if you're doing just what you've always done, then that trust you've developed is at risk.

The IRS against which your clients filed last year is not the same agency reviewing their returns today.