AI accounting platform Basis' Series A funding round included former Treasury Secretary Larry Summers and officials from Google and OpenAI.

Plus, what Excel's CoPilot can do, the best industrial ERP solutions, and more.

Embracing artificial intelligence and automation can help accounting firms take a human-centered approach to efficiency.

The writing is on the wall, and the potential benefits of AI are astounding.

The features automate audit planning over multiple periods and provide in-context guidance for end users of the audit management platform.

The financial operations platform's latest release features enhancements to its professional cloud as well as bolstered AI, analytics and automation capacities.

Accounting's most influential outline the profession's biggest challenges.

As part of this year's Top 100 Most Influential People survey, Accounting Today asked, "What is the most important issue currently facing the accounting profession?"

Plus, MS Consultants acquires Tax Credit Hero; Bloomberg announces expanded Compliance Tracker; and other accounting tech updates.

A recent PwC survey has found investors are bullish on AI, with many believing it will unlock new growth and profits.

The fiscal year-end brings a cycle of intense workloads that can extend into the new year, as accountants and auditors work to close the books.

The latest data on the growth of the IRS's Direct File program, how many corporate tax pros believe generative AI is beneficial in accounting, and other key metrics.

Small firms can't drop billions on custom AI systems, but there are still ways to leverage the tech without breaking the bank.

Over-reliance on artificial intelligence carries concerns that cannot be overlooked. Technology can't replace critical thinking and professional skepticism.

KPMG research has found gen AI has a 3-17% EBITDA impact, but this is no reason to replace human accountants.

Developing an AI system can carry a hefty price tag that includes not just the coding of the system itself but secondary costs like labor, training and data fees.

Audit and finance skills are heavily in demand on corporate boards, according to a survey by BDO.

Plus, Deloitte releases four new accelerators on Workiva marketplace; KPMG invests $100 million in Google Cloud Alliance; and other accounting tech news.