Chris Gaetano is the technology editor for Accounting Today. He brings with him more than a decade of experience covering the accounting profession as part of the NYSSCPA's Trusted Professional. Prior to that, he was a local news reporter at Greater Media Newspapers in New Jersey. He graduated from Rowan University, in Glassboro, NJ.
While AI controls are important, organizations should not pursue one-size-fits-all blanket applications, especially when differentiating between matters of governance versus technology.
A recent report has found that the majority of cryptocurrency holders are aware transactions are taxable and want to comply, but struggle with actually doing so.
Plus, Dext launches Dext Assist AI; Acumatica announces Acumatica 2026 R1; and other news and updates from the accounting tech arena.
The AI-focused accounting automations solutions company released a new tax prep agent that it claims completes returns from start to finish in the manner of a human tax preparer.
Accordance launched its new Accordance for Academia program, which involves partnerships with universities to use AI to help train the next generation of CPAs.
A journalist with no coding or tax prep experience at all has created his own tax filing app but needs experts to stress test it since all the code was written by AI.
Software giant Microsoft sounded the alarm about the rise of several new phishing campaigns taking advantage of the tax season to steal credentials and plant malware, some of which target accountants specifically.
The number of accounting jobs that list AI skills in some form or another has jumped dramatically in the course of just one year, going from 18% to 30%.
Accounting Today has extended the deadline for submissions to our Best Firms for Tech list to April 3.
A majority of accounting firms say they are changing their messaging around pricing as clients increasingly question their cost models in the age of AI efficiencies.
CPAs dealing with the new 1099-DA rules this year are challenged by the fact that they only report gross proceeds this year, leaving them and their clients to calculate cost basis themselves.
Paul Griggs, CEO of PwC, said they plan to adjust billing model to factor in AI, potentially without even a human professional in the loop, and added that if any humans have a problem with it they have no place in this firm.
AI can now do most of the boring work, which raises the question of what the humans will be doing. According to vendors featured during the IMA's Technology Showcase, the answer is reviewing the work the AI does.
Plus, EY announces new software development model; SAP touts new integrations, features for Concur; and other accounting tech news and updates.
Auvenir, an accounting and compliance technology provider founded as a Deloitte venture, has officially launched as an independent company that now styles itself Streamworks Tech.
AI-focused accounting ERP provider DualEntry tested some of the most popular AI models on various accounting workflows and found that, at best, they're 77.3% accurate.
While Xero has spent years adding AI features, this is the year it intends to spread the technology throughout the core of its product.
Plus, Digits' payroll integrations goes from 1 to 18; Campfire announces Ember Agents; and other news and updates from the accounting tech world.
Expense management solutions provider Emburse announced the release of its latest version, which now combines vendor payments and employee reimbursements.
Datarails, an FP&A solutions provider, declared FP&A software is dead and AI killed it, pairing this assessment with a new AI-driven platform.