News

This article looks at risks around AI, including generative AI — crossing technological, economic, human, and environmental lines.

A report on the challenges facing audit committees as they convene during busy season placed technology disruption and AI integration risks atop a list of risks standing between organizations and their financial targets in 2026.

Organisations are capturing speed through AI, but much of the reclaimed time is spent correcting or rewriting low-quality AI output, a global report says.

On paper, confidence appears to be rising among CFOs at large North American companies. Beyond the paper trail, that confidence appears to be buoyed by belief in the transformative power of technology.

The financial close process is a cornerstone of organizational performance, yet it remains one of the most resource-intensive and error-prone activities. While technology and process optimization have been widely adopted to accelerate close cycles, the human element – how teams are organized and deployed – often determines success.

But in an apparent contradiction, most finance chiefs expect the AI value equation to change quickly.

Eighty-eight per cent of finance professionals believe AI will be the most transformative tech trend over the next 12 to 24 months. Yet only 8% feel their organisations are “very well prepared” to manage it, a new AICPA and CIMA survey shows.

When calculators arrived they said they would dumb us down. While the similar panic over artificial intelligence is understandable, we need to learn to embrace and harness it, says Kevin Phillips.

Business owners spent the majority of 2025 dealing with inflation, tariffs, a labor market made flush by mass layoffs, funding accessibility, a federal government shutdown, and a single piece of legislation that had widespread tax implications.

They say politics makes strange bedfellows, but what would it take to bring together Sen. Richard Blumenthal of Connecticut and Senate Republican Josh Hawley of Missouri? AI chatbots, it seems.

Organisations using AI to redesign workflows at an enterprise level achieve higher customer satisfaction and profitability than companies fixed on efficiency.

When it comes to using AI tools, generationally diverse teams are more productive, a new report found. But training for Gen Z employees outpaces opportunities for older generations to upskill.

The rise of artificial intelligence (AI) to power businesses is real — and so are the associated risks.

The American Institute of CPAs has created an artificial intelligence-enabled tool, Josi, that provides secure, direct access to the AICPA’s professional standards, authoritative guidance and related information.

Wire transfer fraud, typically perpetrated via business email compromise, is a known risk to all types of businesses, including CPA firms. When a CPA firm handles client money, additional risk ensues.

Cyber incidents are continuing their upward trajectory in 2025, and in this environment, CPA firms are particularly vulnerable to an attack.

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.

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.