Plus, Expensify adds budgeting capabilities; Corvee to hold AI bootcamp; and other news from the accounting tech world.

The IRS is forming a centralized oversight strategy for digital assets, but implementing it has been frustrated by delays in the regulatory approval process.

A recent survey has found that, aided by automation, the month-end close takes less than a week for the majority of organizations, and for many it's only one to two days.

Often enough, creating capacity isn't about hiring people.

Firms that early-adopt ESG will be better positioned to deliver these services when they reach full market demand.

Plus, questions about ChatGPT's accounting credentials, the best laptops of 2023, and other major developments from the past month.

Too much money; five little letters on how clients might see you; loss-harvesting season; and other highlights from our favorite tax bloggers.

The Big Four firm shared its outlook on generative AI in the coming years, saying accountants should prepare for major changes or else be outcompeted.

The AI landscape has a lot of misconceptions and overblown claims. We asked AI thought leaders in the accounting field what some of the worst were.

Big Four firm PwC announced it has signed an agreement to acquire technology-focused engineering and design firm Surfaceink as part of the firm's larger move towards technology solutions.

Key to discussion on what AI means for accountants is understanding what AI can and cannot do.

The IRS rolling out chatbots to help individuals with basic tax matters and key presentations on AI innovation at accounting events are among the recent developments.

Plus, StanfordTax adds AI to client organizers; Bill Spend & Expense adds features; and other news and information from the accounting technology world.

ERP systems need to be constantly reassessed as business needs shift and new priorities arise.

Right now, the accountants at the center of the growing talent crisis are cautiously optimistic on the potential of generative AI.

What good is a door you don't close? What's the point of going through all the trouble of having a secure space if someone can just walk right in?

In addition to asking experts what AI is, Accounting Today asked the equally as important question of what AI isn't.

The rise of remote work has companies grappling with integrating locations, navigating time zones, and sometimes even bridging language gaps.

Accounting teams have tended to be a latecomer to task automation, a technology increasingly adopted in other departments and most industries.

Iris supplies software for the accounting, payroll, human resources and education sectors.