Technology News from Accounting Today

The United States is closer than it has ever been to a coherent framework for digital assets, and the accounting profession has a direct stake in getting the next few months right.

Plus, Bloomberg Tax Provision gets beefed up ; support for FileCabinet CS to expire in 2027; and other updates.

Crypto assets do not clearly meet the definitions of cash, financial instruments or inventory under GAAP, leaving preparers uncertain.

The FRONTIER Act is a meaningful step forward. But without contemporaneous records and truly independent verification, oversight begins too late

A recent study on romance scams found that bots were able to get people to install a sketchy app 46% of the time versus 18% for humans trying the same thing.

Plus, Workday touts new Financial Audit Agent; Cherry Hill Advisory launches AI-enabled internal audit services; and other accounting tech news and updates.

There was a time, not long ago, when bookkeeping firms were apprehensive of cloud solutions. Those days are fading for modern bookkeepers.

Big Four firm Ernst and Young announced it now has a quantum computer physically sitting in its Toronto office.

Maybe it's the CTO, maybe it's the vendor, maybe it's the board, maybe someone else who is blamed. Studies found a wide range of answers.

Client expectations are evolving, and the firms that succeed will be those that adapt accordingly.

While almost everyone is talking the talk on AI governance and control, recent data suggests far fewer are walking the walk, to the detriment of organizations.

Anxious accountants can take a breath, as data shows human clients do not crave a 100% AI-led experience. In fact, there are certain tasks which they prefer be 100% human-led.

Intuit announced the launch of the Intuit Business Credit Card, which comes with QuickBooks integration.

Plus, Paylocity launches Ignite AI for automation, insights; ContinuServe upgrades combine Quartrro, ContinuServe and USWired; and other accounting tech news.

AI belongs at the periphery of a study, finding and verifying facts. It does not belong in the calculations.

The Internal Revenue Service's effort to reduce the amount of paper it deals with may be exposing taxpayer data to unwanted security vulnerabilities.

Greenshoe announced a new continuous monitoring feature, which allows public companies to discover and react to disclosure changes throughout the year.

KPMG announced a strategic alliance with OpenAI to develop solutions that reflect a new "headless" vision for enterprise software where AI becomes the main work surface.

Artificial intelligence will make it easy for accountants to surface great advice. Communicating it, though, is another matter.

Top 20 firm CliftonLarsonAllen announced that it is working with Digits to develop and train its own proprietary AI model which will be deployed across the firm, starting with its CAAS practice.