AT Think

The Education Department's refusal to characterize accounting degrees as 'professional' is much more than just a rhetorical problem.

The problem is not that the technology team lacks competence. The problem is that AI transformation is not a technology project.

Millions of taxpayers may be potentially entitled to COVID penalty and interest relief and need to preserve that right.

In divestitures, tax does more than optimize a chosen structure. Tax influences whether a deal perimeter, legal entity structure, diligence story and separation plan are workable.

Competitive differentiator; non-traditional tax regimes; caught off guard; and other highlights from our favorite tax bloggers.

Ever since the AICPA released new quality management standards, firms have raced to implement them. But like a fitness tracker, the system itself is not the transformation.

AI is changing accounting, but removing humans from the loop is the fastest way to destroy the profession.

Most buyers focus on price, but depreciation often matters more in certain asset classes.

"Will AI automate bookkeeping?" is now settled. Yes, it will. In many firms, it already has. And for the firms that haven't adopted it yet, their clients are starting to. The more useful question is what happens after.

Accountants don't have to wait for a major catastrophe to act on governance and oversight of AI as the systems become more enmeshed in workflows and decisions.