News
How will AI shape the practice of tomorrow?
October 07, 2024
AI tools will help to transform practices over the next few years, but what exactly will the impact be and how can you get started?
‘Majority moves’ in tech: Finance leaders reveal popular practices
October 07, 2024
A large majority of finance leaders have been tasked with new responsibilities in 2024. Not surprisingly, many of those responsibilities revolve around technology.
GenAI and the Future of Tax: KPMG's Tax Reimagined Report Unveiled
September 30, 2024
This year’s report takes a look at how tax departments and their leaders are overcoming various disruptions like legislative and regulatory change, an uncertain talent market, generative AI and more, fostering trust across the organization. Key report findings from 500 CFOs, CEOs and Chief Tax Officers – 25% of which are in the Northeast region, indicate...
Top apps for accountants 2024
September 30, 2024
Accountants have pretty much always used technology — what else do you call an abacus or a slide rule or an adding machine? — but it is increasingly obvious that, as the world moves through its digital revolution, it has slowly become a technology-driven profession, where powerful software solutions are not enhancements but true necessities for all but the most basic of jobs. This has led to a veritable galaxy of specialized accounting applications, and a veritable universe of other apps that, while not specific to the profession, are nonetheless invaluable to their work.
Data privacy and FP&A are top concerns for finance chiefs
September 20, 2024
Data privacy and FP&A top CFOs’ priorities for the coming year, according to a new survey report from Protiviti.
Regulating AI: The digital can of worms is open
September 18, 2024
The new EU Artificial Intelligence Act raises many questions and should put AI on every business’s agenda sooner rather than later.
Setting workable AI policies for your team
September 17, 2024
With IT security and data protection being such important factors, accountants and bookkeepers need to ensure they have considered how they set rules and guidelines for themselves and their teams.
More organizations are turning to AI in the finance function
September 16, 2024
Adoption of finance AI — artificial intelligence that aids in the finance function — is on the rise.
65% of CFOs are under pressure to accelerate ROI from tech investments
September 12, 2024
Leadership’s patience around getting returns on technology investments is thinning, according to new data from IBM.
AI: Security of your data and intellectual property
September 03, 2024
As trusted custodians of sensitive client data, accountants and bookkeepers need to exercise caution about what AI tools they adopt and what access they give these tools to data. This feature forms part of our special editorial report on the subject, in association with Sage.
78% of business leaders expect ROI on generative AI investments in 1 to 3 years
August 28, 2024
As the cost-benefits of generative AI for businesses come into question, new data from KPMG suggest the largest companies have a timeline to ROI.
5 things I wish I knew as a CFO before starting a digital transformation
August 23, 2024
Brian May, CFO of food service company Nicholas and Company, offers a unique CFO perspective on the lessons he learned during a major digital overhaul.
The 'Security Six' protects tax pros against cyberattacks
August 21, 2024
As data thieves get more cunning, the Internal Revenue Service and its partners in the Security Summit have laid out half a dozen steps for practitioners to take to begin protecting themselves as data thieves get more cunning.
A short history of AI in accounting
August 20, 2024
As artificial intelligence quietly transforms the accounting industry, we look at how it has evolved and the changes it has brought to everyday tasks, with this feature forming part of our special editorial report on the subject, in association with Sage.
Gen AI could save companies money, improve customer relations
August 14, 2024
C-suite leaders in a global survey say generative AI has influenced their business models, improved customer relationships, and cut business costs.
IRS releases updated draft of Form 1099-DA for digital assets
August 13, 2024
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.
Many companies clueless about payment fraud, report claims
August 12, 2024
Half of surveyed organizations don’t know how often they’re hit by fraudulent payment schemes or what the cost is.
Governor Lamont Highlights Statewide Efforts to Combat Credit and Debit Card Skimming
August 07, 2024
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.
Multi-factor authentication: Key protection to tax professionals’ security arsenal now required
August 07, 2024
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.
Only 1% of CFOs have automated over three quarters of their financial processes: report
July 24, 2024
Although lots of resources and hype have gone towards digital transformations, few have used the technology to overhaul finance yet, according to McKinsey.