The price cuts speak to a long-held belief among some AI experts that the widespread proliferation will eventually lead to consumers paying less for products.

Technology is driving transformation in audit at an ever-faster pace, says EY's Paul Goodhew.

AI-driven firms fail to mention that if their AI-generated tax advice results in an audit, their customers, not the firms themselves, are held legally liable.

Plus, K1x launches 1099 aggregator; Ledgre announces tax assistant for rental property owners; and other accounting tech news.

Just because a company claims it keeps your client data private does not necessarily mean it's true, according to K2's Randy Johnston.

Intuit has created a team of artificial intelligence-powered agents for QuickBooks to help businesses and their accountants.

Regardless of how a firm ultimately implements artificial intelligence, Kim Petro, a practice advancement coach from Woodard, stressed the importance of doing so ethically.

Speakers at Woodard's Scaling New Heights conference in Orlando noted that while AI certainly can be complicated, even simple applications can have impressive results.

Accounting platform Digits announced the launch of Digits Accounting Agents, which CEO Jeff Seibert said can outperform humans in terms of accuracy and speed.

While much attention has been paid to artificial intelligence in audit, bookkeeping and reporting, one of the most overlooked opportunities lies in tax credits and incentives.