Technology

There has been a revolution in data accessibility over the past 40 years, and it's creating major opportunities for accountants.

Ethical standards in accounting encompass the moral principles and rules that accountants are required to adhere to during their professional work.

Pretty much every accountant has used AI in one form or another, with the most common use case being data entry and processing, according to a poll from Intuit QuickBooks.

The arrival of artificial intelligence represents the biggest opportunity to modernize the profession since the advent of the spreadsheet.

Accountants are adding AI tools to their work, saving time and becoming more efficient.

A coalition of accounting educators and tech leaders released a generative AI governance framework as a starting point for organizations.

After 500 internal penetration tests conducted from 2021-2023, RSM professionals found only 1.6% of organizations had no vulnerabilities at all. Most had around eight.

Plus, TaxDome adds AI reporting feature; Protiviti uses new "ProtivitiGPT" to enhance internal ops; and other accounting tech news.

Card shark; the roof falls in; a dynamic duo; and other highlights of recent tax cases.

The confluence of generative AI's boundless potential and the strategic application of the R&D tax credit can be a game-changer for businesses willing to lean into innovation.