The Latest

Americans' tax refunds are averaging about $350 higher than this time last year but so far running well below the extra $1,000 President Donald Trump promised.

The average growth rate for accounting and financial services firms has fallen from an all-time high of 13% to less than 10% today, the lowest in five years.

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.

More than 1.2 million taxpayers only have until April 15 to claim a total of approximately $1.2 billion in refunds for tax year 2022.

Plus, EY announces new software development model; SAP touts new integrations, features for Concur; and other accounting tech news and updates.

The unit will now be renamed Threadline Wealth, backed by investment from the Cynosure Group, and have $5.8 billion in client assets under management

Weaver names pair of tax partners; RubinBrown appoints assistant managing partner; and more news from across the profession.

Accounts payable processes once ran on predictable inputs. That world has changed.

The case may reveal how far auditors can be held accountable for their work on insolvent companies accused of fraudulent accounting.