Technology

AI's infamous tendency to occasionally generate false information, also known as "hallucinations," remains untamed by even the world's largest accounting firms.

Accrual, generally known as a tax and practice management solutions provider, has acquired the technology and business of AI-guided bookkeeping and accounting solutions provider Puzzle.

Accounting firms are currently adopting multiple tools to automate internal processes, streamline client interactions and identify operational bottlenecks.

Ernst & Young is investing $100 million to provide bonuses and incentives to its U.S. professionals who develop future-focused skills, especially the human kind.

Boomer Consulting announced the launch of its new SoftwareClarity platform, touted as a centralized software marketplace specifically for CPAs, available to everyone as a free resource.

Fragmented data and manual processes are CFO kryptonite. Unfortunately, some corporate headquarters seem to be sitting on kryptonite mines.

Cherry Hill Advisory announced it is now offering external quality assessments performed by a team composed primarily of AI agents.

Starting Sept. 1, Intuit will be updating the QuickBooks Online Reports API, which could lead to strange presentation issues.

Top 10 firm RSM, in cooperation with AI-powered audit technology Andera, announced an AI-driven control testing platform for internal audit, RSM Beacon.

Plus, KPMG hails AIUC-1 certification for AI; April announces wealth management capacities using IRS tax data; and other accounting tech news and updates.