Thomson Reuters has released a new edition of PPC’s SMART Practice Aids – Single Audit Suite to automate the single audit process.

Wolters Kluwer Tax & Accounting has acquired CPE Link, an online provider of continuing professional education for accountants, tax preparers and financial advisors.

The Tax Office of Tomorrow

The XBRL US Data Quality Committee has released an analysis showing big improvements in the quality of filings in Extensible Business Reporting Language format by companies that follow a new set of validation rules.

Crowe Horwath LLP has merged in AbleBridge, a Westborough, Mass.-based software company and consulting firm that develops and sells technology built around the Microsoft Dynamics Customer Relationship Management system.

You may have heard people talking about blockchain technology, but how does it work and what does it mean for tax compliance?

Turns out there are a surprising number of technology "Rock Stars" in the profession.

Here are five things that happened in technology last month that affect you and your clients. Did you miss them?

The so-called “sharing economy” isn’t doing such a good job of disseminating the necessary tax information with its participants.

If you’ve ever listened to or watched “The Dave Ramsey Show” or another financial advice program that features people who have turned around their finances, you’ll frequently hear the host ask what prompted the people to make a change. Often, it was a crisis—a lost job or a major health problem, for example.

Intuit reported an increase in users of both its TurboTax Online and QuickBooks Online user base last quarter.

FreshBooks has released a credit card reader for Android users of the cloud accounting software for small businesses.

Firms and vendors are taking payroll to the next level

New software, hardware, books and services for accountants.

Technology capability: An integral part of your growth strategy

Have you ever looked at those cool digital signage displays that some companies use?

Deloitte Touche Tohmatsu has introduced Deloitte Pixel, a new service that leverages “crowdsourcing” technology to allow outside people to help the firm develop new services and projects for Deloitte and its clients.

Ultimately, innovation is a long-term strategy, needs a long-term focus, and so someone needs to officially take the reins for you to achieve success. Ultimately as our profession continues to evolve, innovation is less and less an option -- and more and more a requirement for success to keep our firms viable and achieving their full potential.

Breakthrough innovations in such areas as artificial intelligence, workflow automation and data analytics are enabling auditors to deliver powerful insights that simply weren’t possible before.

Criminals are using technology to perpetrate nearly a third of their frauds, according to a new survey by KPMG, while organizations are lagging behind on the use of technology such as data analytics to detect those frauds.