Technology

Your accounting firm's clients are counting on you to understand fraud risk in the Age of AI.

Accountants are no longer just educating clients about tax law, but actively dismantling AI-generated fiction before it turns into audit-triggering liability.

Guidance from the IRS on AI captures only part of the picture. The obligations it describes are real and enduring. What it does not fully address is how the frameworks for meeting them were built for a different generation.

AI will change the first few years of an accounting career but doesn't reduce the need for people who understand the numbers. In many ways, it raises the bar.

AI technology is new, so it feels like it should demand a new kind of governance. It doesn't. The profession already has the answer inhouse.

Plus, BlackLine announces AI governance console for CFOs; Sage X3 enhancements focus on manufacturers and distributors; and other accounting tech news.

The Institute of Management Accountants discussed the pros and cons of artificial intelligence with officials, including the new leader of the PCAOB.

AI severs confidence from correctness. Finding the areas that require scrutiny is much harder precisely because the output looks excellent everywhere.

Among other things, the IRS's preliminary AI guidelines call for firms to exercise due diligence on AI outputs and pass AI-related savings on to clients.

The AI Native Accounting Foundation announced the winners of its first-ever AI Native Accounting Awards.