The American Institute of CPAs named Mark Gardner Peterson to the post of vice president of government affairs. In his new role, Peterson will oversee key lobbying efforts on behalf of the institute. He will report to James A. O'Malley, senior vice president of public affairs and head of the AICPA's Washington office. Prior to joining the AICPA, Peterson served as vice president with the Alpine Group -- a lobbing and government consulting concern -- and as a government affairs executive for former Big Five firm Andersen and for Toyota Motors North America. From 1992 though 1999, Peterson worked in the House Republican leadership in several capacities, including special assistant to then-Speaker of the House Newt Gingrich.In that capacity, he coordinated high-level projects and communications with GOP lawmakers.
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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.
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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.
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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.
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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.
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Plus, EY announces new software development model; SAP touts new integrations, features for Concur; and other accounting tech news and updates.
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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
March 20





