Audit and advisory leaders are working to implement AI solutions, but major hurdles mean that most professionals remain largely dependent on manual processes.

AI now does what once took teams of analysts weeks to complete. Yet, as recent incidents have shown, technology only succeeds when matched with sound governance.

Clients increasingly view their accountants not just as compliance partners, but as essential growth engines. They don't just need a tax return and help with compliance, they need a strategic partner.

Small-business accounting platform Xero announced a 20% increase in operating revenue for the first half of its fiscal year, attributing it to a growing user base and higher average revenue per user.

How many useful tools are you failing to take advantage of in your profession?

Plus, TaxDome announces free bookkeeping hub; Qount announces UX/UI redesign; and other accounting tech updates.

Firm leaders need to make decisions from clarity, rather than from the pressure to keep up.

While there are powerful technology solutions available to professionals today, especially AI-based ones, none will perform their best without strong data sources paired with a robust governance framework.

Mike Lyons blamed a raft of operational shortcomings for the earnings disappointment that triggered a record rout in the payments giant's stock last month.

A new report finds internal audit professionals adjusting to flat and shrinking budgets and the encroachments of artificial intelligence.

The acting chair of the Public Company Accounting Oversight Board outlines his vision for defining audit quality, highlights private equity concerns, and calls for AI guardrails.

Plus, the end of Windows 10, and Xero's big buy, and seven other developments in accounting technology you may have missed.

Compliance solutions provider Sovos announced expansions to its AI platform, including product tax code classifications for sales and use tax and data mapping.

Accounting and bookkeeping solutions provider Digits announced the official launch of an AI Bank Reconciliations feature for its Agentic General Ledger solution.

Plus, Forwardly announces AI bill pay system; Patriot Software introduces Auto Payroll; and other accounting technology news and updates.

Several investors in the accounting software provider are pushing the company to explore a potential sale following reported takeover interest by SAP.

Intuit announced a host of new agentic AI features for both TurboTax and Credit Karma users.

Intuit is opening 20 brick and mortar TurboTax stores in major cities across the U.S. as well as 200 additional TurboTax Expert Offices for a total of 600 nationwide.