Technology

An EY report notes there are over 1,000 AI-related regulatory frameworks worldwide, but overall they seem to be settling into three types.

Data has become one of the most valuable assets a company can own. Without data, AI systems would lack the foundation needed to learn, adapt, and generate meaningful insights.

Tax and accounting firms recognize that the world has fundamentally changed, and new technologies hold the key to transformation.

The Bureau of Labor Statistics sharply revised downward the number of jobs added in May and June and the unemployment rate ticked up to 4.2%.

Plus, Lili introduces credit program; Mastercard announces Commercial Direct Payments solution; and other accounting tech news.

As the nature and frequency of tax reporting changes, organizations are being promised long-term simplification, but are facing an immediate spike in complexity.

Finance teams shouldn't have to play expense police. The solution isn't more manual review — it's smarter integration and stronger ownership.

Accounting firms are getting tired of switching between applications that don't integrate.

While organizations understand AI governance and controls are important, actual implementation lags behind significantly due to leadership and culture.

For accounting professionals, the integration of generative AI in 2025 can occur through several distinct, yet often complementary, channels.