News

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?

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.

“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.

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.

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

Could the new wave of artificial intelligence remove layers of associates and juniors as firms automate more ‘menial’ tasks in search of efficiencies? And what effect could this have on the accounting landscape as we know it today?

While many accountants are determined to stay as far away from artificial intelligence as possible, others have found ways to use the technology to yield tangible benefits for their firms (see "Accounting's reluctant AI revolution").

Finance leaders are still concerned about the expanded use of generative AI programs, such as ChatGPT and Microsoft Copilot, but more than a quarter of them say that hasn't stopped their organizations from experimenting with the technology, according to a new AICPA & CIMA survey.

The artificial intelligence (“AI”) solutions such as OpenAI’s ChatGPT continue to gain popularity. Many CPA firms seek to leverage the use of generative AI to accelerate innovation and increase productivity. As the use of any AI technology is very organization specific, CPA firms need to obtain a solid understanding of their needs and objectives and gain an understanding of how AI works before they can begin to identify what, if any, AI opportunities are the right fit for their firm.

To err is human. To seek help is superhuman. Gartner recently asked controllers about how often they or their peers make financial errors, as well as their thoughts on causes. Though survey respondents weren't asked about the significance of the errors cited, 59% acknowledged "several errors per month."

A recent survey suggests a combination of changing educational demands and a disproportionate amount of AI upskilling may lead to a knowledge gap among mid-level managers.

There's a notable shift in the perception and acceptance of artificial intelligence unfolding within the accounting profession, as a growing number of firms explore the various applications of AI and generative AI, and the improved efficiencies and competitive edge to be gained from them.

Generative artificial intelligence (Gen AI) is a fast-moving train. Perhaps that's why many companies seem unsure about when to hop onboard.

If a former firm partner turned artificial intelligence (AI) expert feels overwhelmed with the current rate of change related to generative AI (Gen AI) tools like ChatGPT, where does that leave CPAs charged with advising clients, work teams, or both?

We all need a good sorting through and cleaning out once in while–that goes for both our real-world life and our digital one. While going through your house or clothes is probably a no brainer, why is it important to clean up your digital life as well? The simple answer is it can leave you vulnerable to cyberattacks that can have a serious impact on your life (or even your company’s).

Emerging technologies continue to divide opinion, says a global report, with employees simultaneously seeing potential for social good and ethics missteps.

Reliance on generative artificial intelligence (GenAI) in the financial reporting space is rapidly expanding, as is reliance on auditors to play a leading role in all aspects of the revolution.