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1 week ago | 
accountingtoday.com | Chris Gaetano
Business and accounting solutions provider Wolters Kluwer is currently aware of, and is looking into, what could be a major data breach. Over the weekend it was reported that a post had appeared on a cybercrime forum from an alleged threat actor advertising a fresh dataset from Wolters Kluwer up for auction, with an opening bid of $15,000.
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1 week ago | 
accountingtoday.com | Chris Gaetano
Following its acquisition of Marcum last year, Top 10 Firm CBIZ has begun centralizing its disparate technology services offerings under a single office, headed by Peter Scavuzzo who — after being CEO of Marcum Technology — has now become the firm's national leader of technology, as well as its chief strategy officer. Prior to the acquisition, CBIZ had a decentralized approach to technology services.
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1 week ago | 
accountingtoday.com | Chris Gaetano
Caseware forms Global Advisory Board with Barry Melancon as chair; Tesorio releases AI agent for supplier portal invoicing; Compliance pros see massive sea change due to AI; and other accounting tech news. Caseware forms Global Advisory Board with Barry Melancon as chair Accounting and auditing analytics software company Caseware announced the formation of its Global Advisory Board, and named former AICPA head Barry Melancon as its new chair.
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2 weeks ago | 
accountingtoday.com | Chris Gaetano
Though the Securities and Exchange Commission has yet to issue regulations specific to artificial intelligence, that doesn't mean companies are off the hook when it comes to disclosures, as the technology's use can easily be slotted into other, already existing requirements.
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2 weeks ago | 
accountingtoday.com | Chris Gaetano
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 not only on the entity itself but its various stakeholders as well.
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2 weeks ago | 
accountingtoday.com | Chris Gaetano
Big Four firm EY announced a collection of new AI solutions made to enhance the work of its assurance professionals, the latest development in its $1 billion investment in AI. "Through its $1billion technology investment, EY is bringing AI right to the heart of the audit, accelerating its transformation," ," said Marc Jeschonneck, EY's global assurance digital leader in a statement.
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2 weeks ago | 
accountingtoday.com | Chris Gaetano
Big Four firms Deloitte and PwC, and business software provider Intuit, each announced separate deals with Google to access the tech company's cloud infrastructure and AI capacities. Intuit Intuit today announced a new collaboration with Google Cloud to expand support for common tax forms. Specifically, the company will be integrating Google Cloud Document AI technology as well as Google Gemini-based AI models into Intuit's GenOS AI architecture.
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2 weeks ago | 
accountingtoday.com | Chris Gaetano
IRS Acting Commissioner Melanie Krause, who has been serving only since March, plans to resign from her position, having informed her staff of her intentions yesterday. She is one of a set of senior officials who have resigned following the just-approved deal with the Department of Homeland Security to leverage IRS data to enforce immigration policy (see previous story).
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2 weeks ago | 
accountingtoday.com | Chris Gaetano
During the height of tax season, billionaire Elon Musk's Department of Government Efficiency is reportedly aiming to centralize all IRS data around a single portal allowing third parties easier access to taxpayer information, and will begin efforts next week with a "hackathon" to find solutions. DOGE apparently believes it can complete this project in about 30 days.
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2 weeks ago | 
accountingtoday.com | Chris Gaetano
AvidXchange releases new AI agents, automation upgrades; Solver Releases xFP&A Nonprofit Industry Solution Models; CPAClub launches "Club 22" professional network; and other accounting tech news. AvidXchange releases new AI agents, automation enhancements AP solutions provider AvidXchange announced the launch of new AI agents and enhancements for invoice and payment automation.
