A group of lawmakers has urged the IRS to drop the mandate to follow stringent ID.me standards.

Confidence in generative AI has soared among financial operations and tax professionals in just one year.

A survey of internal audit and IT leaders found that while they identity AI as a growing technology risk, they have the least confidence in their ability to evaluate and handle its risks versus other technologies.

Companies increasingly expect their audit firms to leverage artificial intelligence to aid the audit process, according to a new survey from BDO.

Communications between you and your clients can contain sensitive information that neither of you would want distributed to others.

Bloomberg Tax and Accounting has launched its Innovation Studio, which offers select customers access to solutions still in development, and its first offering is a new AI Assistant feature.

Plus, Sovos launches Indirect Tax Suite for SAP; Avalara launches AI-based tariff classification code solution; and other accounting tech news.

Accounting solutions provider FreshBooks will be laying off roughly 20% of its staff across all teams, and at all levels around the world.

Crowe announced a major expansion of its Artificial Intelligence Center of Excellence, effectively doubling its size through the addition of three newly established teams fully dedicated to AI pursuits.

Accounting ERP provider Acumatica announced its 2024 R2 launch, with hundreds of new features and capacities, many of which center around automation, integrations and enhanced accuracy.

The Securities and Exchange Commission approved a proposal that aims to improve the security of the filing system.

The IRS failed to address literally tens of thousands of unresolved security vulnerabilities, according to the Treasury Inspector General for Tax Administration.

Start small, educate employees and stay informed as generative AI develops so you can position your firm for future success.

Accounting firms could greatly benefit from adopting some of the strategies and mindsets these technology companies are using to thrive.

The latest data on where accountants are focusing their technology investments, what Gen Z values most in a future employer and other key metrics.

Aiwyn announced the release of PracticeOS, a vendor agnostic practice management platform specifically for accounting firms.

As more and more professional services organizations lean on AI-driven tools to enable new ways of working, there is some question as to how this will impact pricing models.

Despite the focus, however, most audit plans don't currently prioritize the risks, according to a new report from the Institute of Internal Auditors.

We asked a panel of accounting technology thought leaders about their favorite applications, and here is what they said.