Modus raises $85M for AI-native accounting technology
Modus secures $85M funding round to accelerate AI technology development and expand partnerships with audit-focused accounting firms.
The Wire — Page 13
5 more from CPA Practice Advisor
EY deploys agentic AI across global assurance practices
EY launches enterprise-scale agentic AI for audit work globally, reinforcing its multibillion-dollar commitment to assurance quality and automation.
AI Co-Writing Month-End Reports, Reshaping Auditor Workflows
AI is now embedded in core accounting workflows during month-end close processes, prompting auditors to reassess verification procedures and control frameworks.
Navan launches AI audit engine with anti-corruption checks
Navan's new Audit Engine offers 45+ configurable audit checks including built-in anti-corruption and bribery detection for enterprise transaction screening.
CFOs Deploy AI Agents in Recovery Audits to Boost Financial Controls
CFOs increasingly use agentic AI and data quality improvements in recovery audits to strengthen financial operations and reduce risk, positioning automation as a competitive advantage.
MindBridge Launches Developer Portal for Embedded Financial Oversight
MindBridge releases developer portal enabling continuous financial monitoring integration into existing systems, targeting accounting teams and enterprise partners.
Neurosymbolic AI validates procurement offers with auditable reasoning
Researchers combine LLMs with Logic Tensor Networks to validate regulated procurement documents with explainable, legally verifiable decisions suitable for public institutions.
3 more from arXiv: AI + Accounting
Research Framework for Auditable AI Agents in Production Systems
arXiv paper proposes formal framework for auditability of LLM agents that act on external systems, addressing accountability and responsibility assignment in deployed agent systems.
AI-Generated Argument Graphs Enable Audit-Ready Compliance Documentation
Researcher proposes using generative AI to automatically construct formal, evidence-linked argument graphs for regulatory compliance and certification audits, addressing traceability and accountabi...
Markov Framework Tackles Reliability and Oversight Costs in Agentic AI
Researchers propose a measure-theoretic Markov framework to evaluate reliability, ambiguity, and governance costs when autonomous AI agents replace deterministic workflows in organizations.
New audit toolkit assesses AI developer tool bias in Global South
Unpaved introduces an audit framework to evaluate bias in AI developer tools used in Global South contexts, addressing how automation platforms may perpetuate inequality in emerging markets.
Trullion argues accounting needs AI agency, not just agents
Trullion's founder argues accounting tech must prioritize trust and auditability over speed, positioning human-in-the-loop AI as superior to autonomous agents.
Podcast: AI job displacement fears overblown; firms pivot strategy
Blake Oliver and David Leary explore the AI hype vs. reality gap in accounting, citing zero verified job losses despite widespread concerns, while PwC and EY shift strategies around probabilistic a...
PwC CEO says firm will embed AI into billing, human skeptics unwelcome
PwC's Paul Griggs signals the firm will reshape its billing model around AI deployment—potentially removing human professionals from service delivery—and warns that resistance to automation has no ...
1 more from Accounting Today
As AI handles routine accounting work, human review becomes critical
IMA's Technology Showcase reveals vendors positioning human review as the essential next step as AI automates routine accounting tasks.
Top 15 Firm EisnerAmper Launches AI Audit Design Agent With Microsoft
EisnerAmper deployed an in-house agentic AI platform for audit design running on Microsoft Foundry, marking a major shift toward automation in assurance work at a tier-1 accounting firm.
1 more from CPA Practice Advisor
AppZen launches AI-powered expense audit directly in Workday
AppZen's Mastermind AI Platform now integrates with Workday, enabling autonomous expense auditing within the workflow—reducing manual review burden for finance teams.
AICPA launches Joseph, accounting-specific AI tool to address trust concerns
AICPA's VP of AI products discusses Joseph, a new AI tool built specifically for accounting with trusted data sources and accounting standards knowledge, addressing practitioner concerns about gene...
AI auditing tool finds real flaws when auditing itself
Developer uses homegrown AI auditing tool to self-audit and uncovers two genuine problems, demonstrating practical validation of AI-powered audit automation.