News

Four decades after its debut, finance chiefs say Excel’s consistency, flexibility and shared language keep it central to corporate finance even as AI reshapes the tech stack.

With a bit of time, training and technology, it’s possible to upgrade your engagement letters to create a more automated, better-connected way of working where firms get more value.

CFOs should push audit firms on technology, workforce quality and regulatory readiness, according to a new report from the representing body of Pennsylvania CPAs.

Most people download finance apps to check their balances, transfer money, and maybe pay a bill. But it turns out these apps are interested in much more than just finance-related activities. Cybernews has analyzed 44 of the top finance apps and the permissions they request.

With more than half of UK taxpayers planning to use artificial intelligence tools such as ChatGPT to help with their self assessment tax return, accountants are preparing for a new kind of tax season.

The National Association of State Boards of Accountancy (NASBA) today announced the launch of its new NASBA CPA Mobile App (App), designed to give CPA Exam candidates a convenient, mobile-friendly way to prepare for, apply to, and stay informed about the Uniform CPA Examination—anytime, anywhere.

Most workers are using tools not provided by their employers, and few see any type of internal oversight.

Finance professionals expect to scale agentic AI within the next three years, but few employees in a new global survey are open to being managed by AI agents.

Security incidents involving shadow AI accounted for 20% of data breaches globally and were more expensive for companies to resolve.

Globally, nearly three-fourths of corporate reporting professionals use artificial intelligence tools daily. Companies with greater AI integration are able to use time savings to focus more on strategy.

Unlike robotic process automation, intelligent process automation has advanced AI that can assist with judgments previously only CPAs could handle.

The Internal Revenue Service and its Security Summit partners today reminded tax professionals about the federal mandate to have a Written Information Security Plan (WISP) designed to help protect them against threats from identity thieves and data breaches. IRS provides resources to help with this process.

Productivity is lacking in the workplace, according to a Microsoft survey, with technology posing both as the problem and the solution.

Just about eight in 10 of respondents in a recent survey by enterprise tech firm Zuora said their finance teams are “swamped” with manual tasks.

Organizations with specific, crafted plans for AI adoption are already seeing tangible ROI, according to a large survey of professionals.

For the second year in a row, Connecticut legislators decided not to regulate AI for businesses, but they did pass a law that criminalizes deepfake revenge porn and provides education funding for artificial intelligence.

Completing the monthly or quarterly close activities can be lengthy and cumbersome. Many steps are repetitive and manual, which leads to inefficiencies making it difficult to close the books in a timely manner. The good news is there have been significant technology advancements enabling organizations to shorten the financial close cycle while enhancing accuracy and efficiency. Various technological solutions can streamline financial close operations while maintaining financial information integrity. There are specific actions you can take to move forward in terms of people, process, and technology to create efficiencies, reduce cost, and improve employee morale all while maintaining proper controls.

A click on a link in an email that could have brought down Catharine Drake Madeley’s CPA firm instead caused 40 clients whose tax information was exposed in a data breach to think of her and her staff even more as trusted advisers.

Find out what the next leap in the evolution of artificial intelligence is and how it may affect the way accountants do their job.

In today’s rapidly evolving technological landscape, the use of generative AI is gaining currency in the accounting profession. Not only are CPA firms integrating generative AI into administrative workflows, but a growing number of firms are investigating how deploying generative AI can help them more efficiently deliver solutions to clients. Generative AI options range from publicly available platforms to custom-built systems and include essential programs that also make use of generative AI, such as technical research software. Regardless of the platform or software, CPAs are increasingly asking, “Should we inform our clients about our use of generative AI, and if so, how?“