Modus raises $85M to partner with audit firms and expand tech
Modus secures $85M in funding to deepen partnerships with audit-focused accounting firms and accelerate technology development.
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Suralink deploys agentic AI to automate financial statement tie-out in audit
Suralink launches Financial Statement Tie Out, an agentic AI tool that automates manual review across four core audit validation areas, targeting the traditionally time-intensive final phase of aud...
8 more from CPA Practice Advisor
Third of workers skip AI output review, raising quality risks
CPA Practice Advisor survey finds 33% of workers rarely verify AI-generated content before use, highlighting audit and compliance risks in accounting workflows.
Illinois CPA Society and Miles Masterclass Partner on AI Readiness
Illinois CPA Society teams with Miles Masterclass to launch applied AI curriculum covering audit, tax, advisory, and FP&A workflows for accounting professionals.
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.
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.
LLM agents need ontology-driven simulation to create auditable enterprise dec...
Researchers propose LOM-action, an ontology-governed graph simulation framework that grounds LLM-based agents in business event logic and generates audit trails—addressing a critical gap in enterpr...
3 more from arXiv: AI + Accounting
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.
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...
Vorim AI launches identity and audit trail system for AI agents
Vorim AI introduces platform for managing identity, permissions, and audit trails across AI agents—critical infrastructure for regulated accounting and audit environments requiring governance and c...
1 more from HN: Accounting & AI
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.
2 more from Trullion Blog
Audit firms overpay to execute $100K engagements, Trullion argues
Trullion's founder argues audit firms aren't underpricing work but overpaying in execution costs, suggesting automation could improve margins on six-figure audits.
GAAS vs GAAP: Understanding the Key Differences
Trullion explainer distinguishes GAAP (financial statement preparation standards) from GAAS (audit evaluation standards), fundamental to audit engagements but tangentially related to AI automation.
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...