NetSuite launches free platform for tech startups
Oracle NetSuite announced NetSuite QuickStart, a free AI-driven finance solution built specifically for early-stage technology startups.
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Tech news: BizBuyData will pay accounting firms for data to train AI
Plus, Clark launches Material Intelligence AI that stays active throughout an audit; Digits launches Write MCP; and other accounting tech news and updates.
Why waiting is the riskiest AI strategy
In audit and advisory, the decision not to act on AI is still a decision, and the math is starting to show it.
Whitman gives firms 12-month roadmap to growth
Whitman Advisory launched a system that helps firms grow by giving them a 12-month roadmap and a strategic advisor.
AI didn't invent audit risk, so what actually changed?
Here are some lessons from investment auditing in the age of generative AI.
AI beats human accountants at monthly close, transaction categorization
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.
Tax Fraud Blotter: Open to interpretation
Fugitive from justice; private school tuition; without clients' knowledge; and other highlights of recent tax cases.
Only a third of small firms actively block email spoofing their domain
About a third of small CPA firms have implemented a measure that prevents fraudsters from sending fake emails in their name but the majority remain vulnerable to impersonation.
CPA-only requirements on the wane
Only 24% of organizations maintain CPA-only requirements, while the rest are automating, broadening to nontraditional backgrounds or sourcing talent externally.
IRS urged to crack down on 'ghost preparers'
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.
IRS plans Tax Professional Awareness Week
The Internal Revenue Service intends to host a series of webinars, videos, guidance and tools starting the week of Oct. 19 in preparation for next tax season.
IRS sends automatic refunds to taxpayers claiming adoption tax credit carryforward
The IRS anticipates the refund process for most eligible taxpayers to be complete by the end of this year in the latest payout ahead of the midterms.
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