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.
Automation has led to specialized solutions taking on more features to create powerful combos of capacities, but firms must also keep security in mind.
During the annual Scaling New Heights conference in Orlando, Joe Woodard warned that AI means accountants must go beyond advisory and analysis to remain relevant.
Plus, Bill360 solution offers AR automation; Certa announces gen AI capacities, new ESG module; and other accounting tech news.
The Corporate Transparency Act, ostensibly meant to address scams and other crimes, has ironically opened the door to new kinds of scams directed at small-business owners.
KPMG launched its new "AI Impact Initiative," which will focus on helping nonprofits implement AI as well as provide AI training and education for the "workforce of the future."
The deadline for Accounting Today's 2024 VAR 100 survey has been extended to Wednesday, June 12.
Plus, Vertex consolidates Accelerator and Chain Flow Accelerator into single solution; and other accounting tech news.
A recent survey from Thomson Reuters said auditors find new technology that assists during the execution/fieldwork phase of an engagement to be most useful.
The White House has vetoed a bill that would have repealed a measure requiring custodians of crypto assets to count them as liabilities on their balance sheets.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.