40% of Workers Use AI to Fabricate Expense Receipts, Study Finds
Report reveals 40% of employees are leveraging AI tools—often company-provided—to create fake expense receipts, highlighting a new fraud vector in workplace finance controls.
The Wire — Page 7
7 more from CPA Practice Advisor
Lili Launches MCP Server for Multi-Client Accounting Management
Lili releases Model Context Protocol server enabling accountants to access and analyze client financial data faster through agentic AI integration.
Trintech launches AI agents for close automation and variance analysis
Trintech releases two agentic AI tools: Flux automates account fluctuation analysis during financial close, while Variance Analysis agent speeds budget-to-actual reviews post-close.
Sage enhances AI functions in X3 for manufacturers, distributors
Sage rolls out AI-powered insights and cloud innovation in Sage X3 to streamline workflows for manufacturing and distribution businesses.
IRS Issues First Guidelines for Tax Pros Using Generative AI
IRS Office of Professional Responsibility released formal guidelines on Wednesday governing how tax professionals must use generative AI in practice, marking first regulatory framework for AI adopt...
Deloitte launches agentic AI network for audit within Omnia platform
Deloitte unveils connected agentic intelligence in Deloitte Omnia, a unified framework integrating new and existing AI agents to advance audit and assurance capabilities.
Maxima launches Max, AI agent for enterprise accounting prep work
Maxima unveiled Max, an agentic AI platform designed to automate manual and recurring preparation tasks for enterprise accounting teams.
Kinter launches autonomous AI agents for accounting teams
Kinter publicly unveiled AI accountants—autonomous agents designed to execute complex financial workflows for accounting firms, marking a direct product entry into agentic AI for the profession.
AI Consumption Pricing Creates New ASC 606 Challenges for Finance Teams
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.
AI output's false polish complicates review processes for accounting firms
Accounting Today warns that AI-generated work looks polished everywhere, making it harder for auditors to identify errors—a critical risk for firms relying on AI without robust review frameworks.
2 more from Accounting Today
IRS issues preliminary AI guidelines for tax professionals
IRS releases draft guidance requiring tax firms to verify AI outputs and share cost savings with clients, establishing first regulatory framework for AI use in tax practice.
Armanino, CBIZ win inaugural AI Native Accounting Awards
Armanino, CBIZ and other firms recognized by AI Native Accounting Foundation for early adoption of AI in accounting practices.
Tax advisor argues AI adoption is competitive necessity, not job threat
CPA speaker at LatinoTaxFest emphasizes that accountants who embrace AI for client context will outcompete rivals offering generic tax solutions; positions AI as a tool requiring human expertise ra...
Ember launches Slack integration for instant financial data queries
Campfire's Ember AI assistant now integrates with Slack, letting finance teams ask questions about spend categories, cash position, and runway directly in messaging without leaving the platform.
Taxfyle launches AI-native tax planning platform for wealth advisors
Taxfyle rolled out Plan, an AI-powered tax strategy platform for RIAs that integrates planning, reporting, and filing through a network of 7,200+ CPAs and EAs in a single workflow.
1 more from Inside Public Accounting Blog
Whitman Advisory launches AI valuation platform for CPA firm M&A
ValueMyCPAFirm.com uses AI and 10+ years of transaction data to value CPA firms for owners and PE investors, analyzing financial and operational metrics.
Eide Bailly taps private equity to accelerate AI implementation
Top-20 accounting firm Eide Bailly sells stake to Reverence Capital Partners to speed up AI adoption for internal operations and client services, following Crowe's $3B KKR deal.
Multi-agent systems automate IT-Grundschutz compliance audits for SMEs
Researchers propose probabilistic multi-agent systems to automate labor-intensive IT-Grundschutz audits under NIS-2 Directive, reducing manual documentation and validation burden for compliance.
CFOs should feed AI finance tools with AP workflow data, not raw guesses
Stampli argues that AI finance analysis effectiveness depends on feeding systems operational data from invoices and AP workflows, not generic datasets—shifting the question from "can AI analyze fin...
1 more from Stampli Blog
Finance teams ask hard questions about AI-assisted analysis adoption
Stampli's webinar on Deep Finance AI reveals finance leaders are focused on practical integration—trust, nuance, and workflow fit—rather than just AI capability validation.