Technology

The rising adoption of AI at accounting firms has come with a growing need for open and transparent talks with clients about how the technology is used, and what measures are taken to address their concerns about it.

A third of accountants conceded in a survey they would not be able to recognize an AI-generated fake receipt if it came across their desk.

Plus, Stampli launches a solution for AP automation; PwC buys a fintech consultancy; and other accounting tech updates.

Vertigo; not workin' on the railroad; bad company; and other highlights of recent tax cases.

A new study by J.D. Power revealed that TaxSlayer ranks highest in customer satisfaction among do-it-yourself tax services.

The new Docyt High Precision Accounting Intelligence engine was built specifically to automate complex accounting workflows via a variety of AI agents.

Increasingly, accounting leaders acknowledge that AI will significantly shape the future of the profession. And yet, that awakening has brought a new problem: paralysis.

Financial modeling, much like coding, involves numerous interconnected spreadsheet tabs, complex logical structures built through Excel formulas and links.

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.