Auditors, management prepare for AI impact on financial data
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.
EY bolsters AI capacities for assurance
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.
AICPA suggests changes in GST tax exemption rules
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.
IAASB revises going concern standard
The International Auditing and Assurance Standards Board released a revised standard on how auditors should evaluate a business’s prospects as a going concern.
What does an IRS in flux mean for financial advisors and clients?
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.
Rebuilding the corporate ladder
How about an entrepreneurial path that puts you in an environment where you can be strategic and innovative for the good of the firm?
Google Cloud pens deals with Deloitte, PwC, Intuit
Deloitte and PwC, and business software provider Intuit, each announced separate deals with Google to access its cloud infrastructure and AI capacities.
IRS will share immigrant tax data to build criminal cases
The Internal Revenue Service will give taxpayer data about immigrants to U.S. authorities conducting criminal investigations
Iowa adds path to CPA licensure
The Iowa Legislature passed a bill creating an additional pathway to CPA licensure.
Trump tariffs take effect hiking trade levies to a 100-year high
President Trump’s so-called reciprocal tariffs are dealing a thunderous blow to the world economy as he pushes forward efforts to drastically reorder global trade.