Practice Management

CaronBletzer, a New Hampshire-based CPA firm that specializes in employee benefit plan audits, announced a new practice management platform called Atlura.

Accountants don't have to wait for a major catastrophe to act on governance and oversight of AI as the systems become more enmeshed in workflows and decisions.

"Will AI automate bookkeeping?" is now settled. Yes, it will. In many firms, it already has. And for the firms that haven't adopted it yet, their clients are starting to. The more useful question is what happens after.

Plus, Eide Bailly names a slate of managing directors; Baker Tilly principal to head AICPA Tax Executive Committee; PrimeGlobal reports double-digit growth in member revenue; and other news from across the profession.

Plus, Auditoria.AI announces Governed Autonomy operating framework; HubSync rolls out HubSync Halo; and other accounting tech updates.

Talking about the importance of one type of tax planning or another is far different from implementing all of those strategies across the industry.

Between the current state of cybersecurity challenges and a growing number of AI threats, accounting firms are transitioning to SOC as a Service.

Top 25 Firm Ascend has acquired Ohio-based Regional Leader William Vaughan Company.

While leaders express confidence in their own data to fuel their AI initiatives, they have also experienced material financial losses due to poor data governance, but this has not blunted efforts to implement AI.

Even if they must refer wealth families to a tax professional for a generation-skipping or dynasty trust, financial advisors can play a valuable role.