Plus, Melio unveils “Agent Mel” AI; Rillet announces continuous close, Brex integration, auto-booking for journal entries; and other accounting tech news and updates.
Category: NYT Accounting News
White House looks at eliminating state income taxes
The White House Council of Economic Advisers released a research study analyzing the economic impact of state income tax elimination.
AICPA wants all IRS staff working during shutdown
The American Institute of CPAs is asking for a contingency plan that keeps 100% of IRS employees on the job in case of a shutdown during tax season.
AI fakery turbo-charging fraud, cyber attacks
AI-guided impersonation attacks have become both more numerous and more sophisticated as the technology improves, and will likely not abate anytime soon.
IPSASB releases climate disclosure standard
The International Public Sector Accounting Standards Board released a standard to help entities consistently report climate-related risks and opportunities.
When adjusted earnings make for smarter deals
Accounting executives can learn a lot from new research on non-GAAP disclosure and M&A efficiency.
Sorren adds Hess & Rohmer
Sorren, a rapidly growing firm based in Meridian, Idaho, has added Hess & Rohmer in Gainesville, Texas, bolstering its presence in the Lone Star State.
44% of buyers disappointed in their accounting software
A recent poll found nearly half of accounting software buyers are disappointed by their purchase.
Taxpayer Advocate foresees tax season challenges at IRS
National Taxpayer Advocate Erin Collins warned in her annual report to Congress that this tax season is likely to bring bigger challenges for taxpayers who encounter problems with the Internal Revenue Service.
SEC charges ADM $40M for accounting, disclosure fraud
The SEC charged Archer-Daniels-Midland Company and its three former executives with accounting and disclosure fraud.