The tax and audit world is in the middle of an artificial intelligence gold rush. But just like the race to tame the West, some outlaw behavior is emerging.
Category: NYT Accounting News
In the blogs: The Wizard of OZes
Capital investment booming; lawsuits may be incoming; offer in compromise is real; and other highlights from our favorite tax bloggers.
Accrual launches Arc AI for accounting workflows
Accrual announced the release of its agentic platform Arc, which allows agents to complete complex multistep workflows.
IRS overpays for noncompetitive bridge contracts
The Internal Revenue Service doesn’t adequately track its use of bridge contracts, a type of noncompetitive contract, even though it’s spending billions on information technology through such contracts.
Audit committees focusing on emerging risks like AI
While AI oversight is growing, readiness among the committee members is still in the process of development, according to a new survey by the CAQ and Deloitte.
IRS attracted thousands to Nationwide Tax Forums
The Internal Revenue Service attracted nearly 13,000 attendees to its Nationwide Tax Forums, which wrapped up last week in San Diego.
PCAOB’s Logothetis: AI can only do part of an auditor’s job
The Public Company Accounting Oversight Board’s chair, Jim Logothetis, thinks artificial intelligence will actually make accounting stronger.
Who are the most influential people in accounting?
Accounting Today is calling for nominations for its annual Top 100 Most Influential People list of thought leaders, decision-makers, standard-setters and others who are shaping the future of the profession.
Jon Voight spent months courting Trump on tax help for Hollywood
The move toward a federal tax credit for movies involved unlikely bipartisan coalition of lobbyists, producers, moguls, and politicians and a president who was a former reality TV star.
Strategies for services: What top firms are offering clients
The Fastest-Growing Firms are taking two main approaches: moving to advisory, and laser-focusing on niches.