News

C-suite leaders in a global survey say generative AI has influenced their business models, improved customer relationships, and cut business costs.

The most recent draft of the form that brokers will use to report certain 2025 transactions involving the sale or exchange of digital assets reflects the final regulations (T.D. 10000) for custodial broker reporting that the IRS released in June.

Half of surveyed organizations don’t know how often they’re hit by fraudulent payment schemes or what the cost is.

Governor Ned Lamont today joined state agency leaders and law enforcement officials at a news conference to highlight steps Connecticut is taking to combat a rise in credit, debit, and EBT card skimmers targeting consumers. This includes the launch of an education campaign to help people learn the signs of skimmers and fraud, police investigations, and increased efforts by the Connecticut Food Association to train frontline staff in stores and place security tape over point-of sale devices to make skimmers easier to recognize.

The Internal Revenue Service and the Security Summit partners remind tax professionals that using multi-factor authentication is now more than an important protection for their businesses and their clients – it’s now a federal requirement.

Although lots of resources and hype have gone towards digital transformations, few have used the technology to overhaul finance yet, according to McKinsey.

Finance leaders from DUDE Products, e.l.f Beauty, Fireworks Over America and the Portland Pickles share how they are using AI within their finance teams.

As a faulty update from a cybersecurity firm knocks out IT systems across the world, Bill Mew examines what went wrong, what the impact was, and what lessons need to be learned.

The Internal Revenue Service could be doing a better job of cracking down on tax noncompliance by users of virtual currency or digital assets, according to a new report.

Gen Z accountants are using the popular social media platform TikTok to gain clients and increase their brand awareness. Should you be setting up an account?

Questions about accuracy and security could be slowing the adoption of generative AI in business, especially in such an exacting field as accounting.

The Securities and Exchange Commission today charged Consensys Software Inc. with engaging in the unregistered offer and sale of securities through a service it calls MetaMask Staking and with operating as an unregistered broker through MetaMask Staking and another service it calls MetaMask Swaps.

In the midst of the generative Artificial Intelligence (AI) hype, automation often takes a backseat, with the assumption that AI will solve our problems. However, effective automation and AI implementation are impossible without proper processes, technology, and organization. Keeping this in focus, we’ll explore tools to help your firm achieve its goals and foster a healthy work-life balance for your team.

As artificial intelligence becomes ever more prevalent it’s getting trickier to tell true information from fake. But when things go wrong it’s no use blaming the bots.

Larger companies are set to outpace smaller ones in AI implementation, the quarterly CFO survey suggests.

“Write a 1,200-word article regarding how CPA firms can manage risk related to the use of ChatGPT and other forms of generative AI.” This easy ChatGPT request would have resulted in the production of this month’s column in a far more expeditious manner than writing one from scratch, but would it have been as informative or accurate? ChatGPT is an example of generative artificial intelligence (AI), and its popularity has soared since its introduction to the public in November 2022. Given ChatGPT’s versatility, speed, and ability to engage in human-like conversations, it’s easy to see why.

Leaders who will not sacrifice efficiency today for greater innovation tomorrow may lose their competitive edge, according to a new report.

Programs will responsibly enable non-profits to do more good with the latest AI technologies and help equip the future workforces with critical AI skills.

In recent years, the global workforce has witnessed a significant shift toward remote work and the rise of digital nomads — individuals who work entirely over the internet while traveling and have no fixed place of business. As many countries are recognizing this growing trend, the solution — the digital nomad visa — is increasing in popularity. The visa, offered under varying names, is currently available in more than 70 countries.

See how both the Big 4 and smaller firms are utilizing AI in their workflows.