Day: April 9, 2025

As AI works its way into more and more business processes, it has become increasingly important for auditors to understand where, why, when and how organizations use it and what impact it is having.

Big Four firm EY announced a collection of new AI solutions to enhance the work of its assurance professionals, as part of its $1 billion investment in AI.

The American Institute of CPAs asked officials in the Treasury and the IRS for changes in the final regs governing generation-skipping transfer tax exemptions.

The International Auditing and Assurance Standards Board released a revised standard on how auditors should evaluate a business’s prospects as a going concern.

The first wave of layoffs and others in the works will reduce enforcement. But the smaller ranks will still carry out “a rather grueling examination,” an expert says.