Technology is constantly evolving, but one thing that has always fascinated people is the concept of artificial intelligence (AI) (B.Y. Kassa and E.K. Worku, “The…
Audit firms have invested heavily in artificial intelligence (AI) in recent years, with media outlets reporting billions of dollars in collective investments from the Big…
Leveraging Artificial Intelligence in Audit Planning
Optimizing Risk Assessment and Enhancing Audit Efficiency
IN BRIEF Audit planning is one of the most complex but critical stages of the audit process. This leads auditors to look for technologies that…
IN BRIEF Fraud remains a serious risk for any entity, and not-for-profit organizations unfortunately make an easy target. This article explores the ways in which…
Governmental Accounting Standards Board (GASB) Statement 103, Financial Reporting Model Improvements, specifically addresses management discussion and analysis, unusual and infrequent items, and the proprietary fund statements,…
As more individual taxpayers have contributed cyber assets to 501(c)(3) not-for-profit organizations, the tax treatment of these contributions has come to the forefront. When individuals…
Risk managers are continuously reminded by regulatory bodies and framework developers of the importance of maintaining an accurate, complete, and relevant IT asset inventory. The…
For decades, CPA firms have been built on a simple formula: hire enough junior staff, work them hard during busy season, and eventually a few…
IN BRIEF Fraud remains a serious risk for any entity, and not-for-profit organizations unfortunately make an easy target. This article explores the ways in which…
The new year comes with a new list of cybersecurity and technology risk resolutions. Financial and risk management professionals annually rededicate their organizations and themselves…
The new year comes with a new list of cybersecurity and technology risk resolutions. Financial and risk management professionals annually rededicate their organizations and themselves…
Antiquated IRS IT Systems May Affect Taxpayers and Preparers
How Will Filing Season Be Impacted?
The IRS is currently undertaking one of the most significant technology modernization efforts in its history. Still, much of its legacy IT infrastructure remains outdated,…
In November 2025, New York State became one of the 20-plus states thus far to enact legislation that provides an alternative to the 150-hour education…
Per its website, “MITRE ATT&CK (ATT&CK) is a globally accessible knowledge base of adversary tactics and techniques based on real-world observations” (https://tinyurl.com/bddydxrz). The parent organization…
The US Congress passed the so-called One Big Beautiful Bill Act (OBBBA, PL 119-21), making permanent or extending many of the Tax Cuts and Jobs…
How to Audit AI
Guidance from Professional Associations
Despite challenges and concerns related to AI adoption and use, organizations are rapidly experimenting with and, in some cases, adopting this technology. Some question whether…
Alternatives in Accounting Education
Rethinking the CPA Pathway in the Age of AI
Many have sought to revitalize the accounting profession by attracting a new generation of tech-savvy young professionals that would utilize tools like artificial intelligence (AI)…
How the Changing Firm Environment May Impact Accounting Education
The Pressures of Technology, Investor Demands, and Operational Efficiency
Many private-equity firms (PEF) have invested capital in larger accounting firms to facilitate the purchase of “technology and talent” (M. Mauer, “Blackstone Buying Stake in…
Ownership Without Intermediaries
Comparing Cryptocurrency to Bearer Instruments
Proving one's ownership of cryptocurrency is relatively simple: Possession of a private key, regardless of how it was obtained, entitles its possessor to full control…
In September 2024, the AICPA and NASBA proposed a new competency-based path to become a certified public accountant (B. Strickland, “AICPA, NASBA Propose a New…
Risk management executives can no longer treat artificial intelligence (AI) as a passing fad. According to a report from Microsoft and IDC “The Business Opportunity…
How the Changing Firm Environment May Impact Accounting Education
The Pressures of Technology, Investor Demands, and Operational Efficiency
Many private-equity firms (PEF) have invested capital in larger accounting firms to facilitate the purchase of “technology and talent” (M. Mauer, “Blackstone Buying Stake in…
Alternatives in Accounting Education
Rethinking the CPA Pathway in the Age of AI
Many have sought to revitalize the accounting profession by attracting a new generation of tech-savvy young professionals that would utilize tools like artificial intelligence (AI)…
Ownership Without Intermediaries
Comparing Cryptocurrency to Bearer Instruments
Proving one's ownership of cryptocurrency is relatively simple: Possession of a private key, regardless of how it was obtained, entitles its possessor to full control…
Robotic Process Automation (RPA) continues to proliferate in organizations. Responding to governance challenges and impacts on financial reporting, the Committee of Sponsoring Organizations of the…
How Artificial Intelligence May Impact the Accounting Profession
Testing ChatGPT in Common Scenarios
In Brief The rising popularity of artificial intelligence (AI) has made many CPAs feel unsure about the ways in which their profession may be affected.…
In Brief Of the many kinds of technologies that professionals have encountered in recent years, artificial intelligence (AI) presents perhaps the greatest challenge. CPAs that…
Demystifying ‘DeFi’
Tax Compliance for Individuals Engaging in Decentralized Finance Transactions
Decentralized finance (DeFi) is an emerging peer-to-peer system for conducting financial activity on the blockchain without the need for third-party intermediaries or financial institutions. Although…
Robotic Process Automation (RPA) continues to proliferate in organizations. Responding to governance challenges and impacts on financial reporting, the Committee of Sponsoring Organizations of the…
Automating Data Analysis with Python Dashboards
A Beginner-Friendly Approach for CPAs
In today's data-rich environment, business are always looking for a way to capitalize on available data for new insights and increased efficiencies. Given the escalating…