The PCAOB found that audit committee chairs are increasingly turning to their auditors to understand AI's impacts on a company's financial reporting and controls.

The AICPA and CIMA announced its new "AI Skills Accelerator," an intensive multicourse program that provides a wide breadth of materials to build skills with AI and better understand the mindset needed to do so successfully.

Plus, Gusto announces 75 new features; Infinite Ties launches new FanCAS-Kit; and other accounting tech news and updates.

The initial financial results have been mixed. By Luna's own accounting, the store will need to make around $500 a day to break even on monthly expenses.

Ignite Financial Close Companion, developed in cooperation with Google and HR platform Workday, assists with the month-end closing process.

It's not that we don't have enough petroleum in our pipelines, it's that we don't have a high enough octane to perform what we need it to do.

Most magical place; Amazon warehouses; paper or plastic; and other highlights from our favorite tax bloggers.

While the specific impacts are still being determined, professional liability insurers that cover CPA firms increasingly are coming to a consensus that AI is a source of risk that must be controlled by strong governance.

Plus, Tieout announces launch; LogicGate touts Config Newton, an agentic GRC Engineer; and other news and updates from the accounting tech world.

While organizations are pouring incredible amounts of money into AI, lack of strong governance and coordination between leaders has blunted the effectiveness of these investments or even lost them money.

While the majority of professional service organizations routinely use generative AI, few are measuring their ROI, and when they do it is often centered around internal metrics versus business performance.

IRS automated systems handle things a little differently than human examiners and practitioners should be aware of the differences.

From spotting anomalies to enhancing accuracy to streamlining client communication, tax preparers are no longer being bogged down by operational inefficiencies.

Plus, Oracle premieres Fusion Agentic Applications; Suralink launches Financial Statement Tie Out solution; and other accounting tech news and updates.

Choosing the right AI implementation partner is one of the most consequential decisions a firm will make right now, but a meaningful number of them show significant gaps in the areas that matter most to accounting firms.

The internal audit function can help the enterprise pursue innovation responsibly by encouraging the development of risk management early in the AI lifecycle.

When accounting firm leaders build guardrails, train their people and stay actively engaged, AI will become a force multiplier — not a liability.

The Big Four Firm is globally embedding enterprise-scale agentic AI into its assurance engagements, meaning that audits will now use the technology in its firms worldwide.