Wolters Kluwer announced a CPM platform driven by artificial intelligence; Lettuce launched an AI-powered tax tool for sole proprietors; Lili touted its “Accountant AI” bot; and other accounting technology news and updates.
The Public Company Accounting Oversight Board has levied a $400,000 fine against MaloneBailey and sanctioned the auditingfirm for pervasive quality violations.
The Governmental Accounting Standards Board is getting ready to roll out new rules and proposals for state and local governments, including improvements to the financial reporting model, classification of capital assets, and measurement of infrastructure assets.
The Big Four firm will assist the Committee of Sponsoring Organizations and the National Association of Corporate Directors in developing a corporate governance framework.
“If we don’t diversify, we’re not going to have enough CPAs,” said INCPAS president and CEO Courtney Kincaid.
Both Big Four firms announced significant upgrades to its AI capacities for audit and assurance work.
The Audit Reform Lab published a report analyzing Britain’s audit industry after high-profile corporate collapses and criticism.
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