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.
The White House has vetoed a bill that would have repealed a measure requiring custodians of crypto assets to count them as liabilities on their balance sheets.
ChatGPT accurately predicted earnings directions 60% of the time versus 52.71% for human analysts.
Fieldguide announced the release of Fieldguide for Financial Audit.
An international coalition of tax authorities has released a list of possible risk indicators for cryptocurrency-related crimes, many of which have to do with privacy and anonymity.
Plus, Wolters Kluwer launches solution for shortened securities settlement cycle; and other accounting technology news.
Big Four firm PwC announced it has made a deal with OpenAI to become the first reseller for ChatGPT Enterprise.
Plus, Xero goes from $113 million loss to $175.9 million profit; and other accounting technology news.
The discontinuation includes all 2021 versions of QuickBooks Desktop Pro, Desktop Premier, Desktop for Mac and Enterprise Solutions.
A PwC survey found that AI specialists can command a wage premium of up to 18% at accounting firms.
OneStream debuted a series of AI solutions built for finance leaders.
Both Big Four firms announced significant upgrades to its AI capacities for audit and assurance work.
In this first installment of The Fundamentals, we asked firm leaders and tech experts the basics of selecting a practice management system.
Plus, Lettuce launches AI-powered tax tool for sole proprietors; Lili touts "Accountant AI" bot; and other accounting technology news and updates.
A KPMG survey found 72% of companies are using AI in their financial reporting process to some extent, and executives expect auditors will start examining controls around the technology.
Wolters Kluwer launched a Regulatory Violations Intelligence Index tracking penalties against U.S. financial services institutions.
U.K.-based IRIS Software announced its acquisition of Swipeclock, the Utah-based maker of solutions WorkforceHub and ApplicantStack.
Plus, Sage launches two new integrated suites in U.K. and Canada; and other accounting technology updates.
A recent survey has found that 40% of tax professionals believe generative AI will allow them to demand higher rates, in comparison to 6% who said rates will decrease.
The House passed a bill that would repeal the SEC's SAB 121, which requires custodians to list digital currency as a liability on their balance sheets. However the president said he'd veto the bill.
Accounting Today's annual selection highlights some of the most cutting-edge practices in the country.