The common assumption is that closing the AI skills gap means teaching accountants new technical skills. But the real gap is structural: whether a firm has redesigned its governance, roles, and workflows around AI.

Accountants tend to view hallucination control as a governance challenge first and a technical challenge second. Essential to this is human review.

AI's infamous tendency to occasionally generate false information, also known as "hallucinations," remains untamed by even the world's largest accounting firms.

Accrual, generally known as a tax and practice management solutions provider, has acquired the technology and business of AI-guided bookkeeping and accounting solutions provider Puzzle.

Armanino announced that the leaders and staff of AppWrap have joined the firm, dramatically expanding its NetSuite practice.

Accounting firms are currently adopting multiple tools to automate internal processes, streamline client interactions and identify operational bottlenecks.

Ernst & Young is investing $100 million to provide bonuses and incentives to its U.S. professionals who develop future-focused skills, especially the human kind.

Boomer Consulting announced the launch of its new SoftwareClarity platform, touted as a centralized software marketplace specifically for CPAs, available to everyone as a free resource.

Fragmented data and manual processes are CFO kryptonite. Unfortunately, some corporate headquarters seem to be sitting on kryptonite mines.

Cherry Hill Advisory announced it is now offering external quality assessments performed by a team composed primarily of AI agents.

Christina Ho, a former member of the PCAOB and now at Oath Verified, believes the AICPA should be hearing more from tech companies as auditing standards evolve.

Starting Sept. 1, Intuit will be updating the QuickBooks Online Reports API, which could lead to strange presentation issues.

Top 10 firm RSM, in cooperation with AI-powered audit technology Andera, announced an AI-driven control testing platform for internal audit, RSM Beacon.

Plus, KPMG hails AIUC-1 certification for AI; April announces wealth management capacities using IRS tax data; and other accounting tech news and updates.

One of the biggest challenges financial teams face today is determining where they have nexus — where exactly they need to collect sales tax.

"Family-run" businesses are transitioning away from internal leaders into more of a "family-governed" holding company model, according to a new report.

Hundreds of Internal Revenue Service employees retained their laptops and smartphones accepting a voluntary buyout offer from the IRS last year, according to a new report.

Clients are beginning to assume that if technology can forecast trends, flag anomalies, and surface insights instantly, then their accountant should be doing the same.