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Positivity around generative artificial intelligence (AI) has exponentially risen among CFOs at large companies over the last year, but reliance on human involvement remains crucial to success, according to a recent survey.

However, larger companies with over $500 million in annual revenue are significantly more likely, according to McKinsey’s latest report.

As artificial intelligence increasingly shapes hiring, workplace surveillance, and wages, Connecticut lawmakers are debating whether to impose new safeguards. AI-driven systems are already determining pay rates, particularly in gig-economy jobs like those with Uber and Lyft, in which algorithms set fares and driver earnings without transparency.

Technology modernization isn't just another item on the corporate agenda—it ranks among the top four strategic priorities for IT leaders in 2025, according to Robert Half’s latest Demand for Skilled Talent report. That’s no doubt why 55% of technology and IT leaders cited technical debt as their primary barrier to accomplishing their goals.

AI governance was a major theme of 2024, and as the technology continues to evolve, oversight and control—as well as ways to demonstrate it to others—will become even more important this year.

When Michael Ly launched his CPA firm in 2015, his then-revolutionary work model led to some unexpected, and hilarious, circumstances during interviews with potential employees.

As artificial intelligence continues to reshape industries and daily life, Connecticut lawmakers are once again proposing legislation to establish guardrails for its use

The Internal Revenue Service today announced its annual Dirty Dozen list of tax scams for 2025 with a warning for taxpayers, businesses and tax professionals to watch out for common schemes that threaten their tax and financial information.

Budget hikes for technology are far higher than those for other key expense categories.

Artificial intelligence is shaking up the accounting world, but the firms thriving in this new era aren’t just embracing technology, they’re making sure their people are on board first.

86% of C-suite leaders plan to increase investment in generative AI technology this year, but the majority of employees feel unprepared for technological changes, a new survey report said.

Artificial intelligence took the business world by storm in 2024. Countless AI-driven tools that emerged during the past year are boosting efficiency in virtually every industry by automating the tasks that most often bog down business processes. Essentially, AI takes on the business world's day-to-day dirty work, delivering with more accuracy and speed than human workers are capable of providing.

As a human being, James Maroney is a believer in the potential of artificial intelligence to do good.

Finance leaders have spoken to AccountingWEB about adopting AI, the importance of involving their teams early and the risk of quickly getting left behind.

All five of Connecticut’s congressional delegates this week signed on as sponsors of the Taxpayer Data Protection Act, which aims to prevent unauthorized access to taxpayer information housed within the US Treasury Department.

As the busy season ramps up, the risk of cyberattacks increases. Cybercriminals know that heightened workloads, tight deadlines and the influx of client communications create opportunities for exploitation. Whether through phishing emails, intercepted networks or fraudulent disbursement requests, the stakes for CPAs and their clients are high.

With the rising popularity of artificial general intelligence (AGI) and its potential for business transformation, there's a significant push for CPAs to leverage AI features to save time and boost profitability. While it's certainly feasible and beneficial to use AI for enhancing operational efficiency and automating routine tasks, claiming that AI can handle complex accounting and tax-related tasks, such as preparing a detailed study, is quite a stretch. Yet, I see numerous "pop-up" shops emerging, boldly asserting that AI can handle 80% or more of an R&D credit study.

Finance leaders struggle to determine generative AI’s costs and benefits, but there are suggestions on how to tackle the problem.

The majority of respondents feel that AI will fundamentally change the nature of their business over the one-to-two-year horizon (56% in the next year and 67% in the next two years).

Gov. Ned Lamont and Sen. James Maroney, who clashed last year and still disagree over the degree to which the state should regulate generative AI, found common ground Tuesday in the opening of the Connecticut Online AI Academy.