Internal audit leans more on external partners and AI
Internal audit teams are relying more on outside auditing firms and partners, according to a new report.
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Internal audit teams are relying more on outside auditing firms and partners, according to a new report.
The Internal Revenue Service accepted over 470,000 electronically filed tax returns claiming $977 million in dubious deductions for automobile loan interest.
Say “eInvoicing” to a business owner and they’ll often picture more admin, another portal to log into and another bill to pay. That’s understandable. Most of us have been emailing PDF invoices for years, and it’s worked well enough. I see the UAE’s move to eInvoicing differently. It’s a chance to build better digital foundations …
The Governmental Accounting Standards Board plans to allow accountants time to adjust to its existing standards before burdening them with new standards in 2029.
The AICPA and AIUC announced a joint assurance certification combining their examination processes into a single independent review of AI safety and effectiveness.
The final regulations allow the IRS to directly accept payments of tax by credit or debit card, without connecting taxpayers to third-party payment processors.
Hill, Barth & King acquired The Curchin Group, effective as of Oct.16, expanding the Top 50 Firm’s Northeast footprint.
The Big Four Firm reported that its global revenue reached $60.2 billion, up 5.7% from the prior fiscal year.
Two different studies recently pitted human CPAs against AI models in tests of accounting acumen, and while their results varied dramatically, both agreed that AI was still no substitute for living accountants.
The IRS needs to do more to identify and take action to protect taxpayers from preparers who don’t sign their clients’ returns, according to a new GAO report.