AICPA's 2025 update pushes valuators to align models with actual market behavior rather than relying on theoretical precision, signaling a shift toward practical accountability in private company v...
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SAP, Oracle, Workday, and Microsoft are rolling out AI agents across finance workflows, raising questions about control, auditability, and the need for independent oversight mechanisms.
IRS guidance clarifies that AI-using tax practitioners must verify outputs and maintain Circular 230 standards on diligence, competence, and confidentiality amid hallucination and data privacy risks.
The IRS released new guidelines on responsible AI use in federal tax practice, including warnings about hallucinations and made-up sources—prompted by Deloitte's citation of fake cases.
AI consumption pricing models are exposing finance teams to ASC 606 accounting complexities on both P&L sides, but most lack controls or system design to handle revenue recognition properly.
AICPA Engage report forecasts near-complete automation of accounting compliance by 2040, with deterministic AI agents reshaping the profession; industry leaders debate timeline and workforce implic...