AI can, in theory, make people more productive. But the results of a recent study show this is not guaranteed, as people report receiving low quality AI “workslop” outputs that paradoxically increase the amount of work.
Category: NYT Accounting News
NASBA relaunches CPA mobility site
The National Association of State Boards of Accountancy relaunched CPAmobility.org to help CPAs determine where and how they can practice across state lines.
Northwestern Mutual $23M tax suit reflects changes in meal write-offs
The new tax law won’t completely eliminate the complicated tax incentives for food on the job, but experts suggest businesses may change up their menus.
Is it time to rethink the accounting model?
Experts at a recent conference laid out the pressures on accountants — and why firms can’t afford to be passive about them.
Andersen files to take firm public
Founded by ex-partners from Arthur Andersen, the firm expects to trade on the New York Stock Exchange.
Breaking the cycle of uncertainty in audit
Audit teams rarely know when client data will arrive, how complete it will be and in what form it will show up.
Aprio acquires Mize and Prism
The Top 25 Firm is expanding in the Midwest by acquiring Mize CPAs in Topeka, Kansas, along with its affiliated wealth management firm, Prism Financial Group.
AICPA, NASBA sunset Experience, Learn and Earn program
The AICPA and NASBA are closing the Experience, Learn and Earn program at the end of this year due to insufficient scale.
Tech news: EY says “Neurosymbolic AI” platform has no hallucination risk
Plus, Workday rolls out host of new AI agents, introduces “flex credits”; Canopy Smart Intake now includes AI-driven document requests; and other tech news.
Treasury’s no-tax-on-tips proposal excludes ‘illegal activity’
The Treasury Department released its proposal regarding tax relief on tips, one of Donald Trump’s key promises in the 2024 campaign, including new prohibitions.