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Accounting is changing, and the world can't wait until 2026

Accounting Today

EDT 3 Min Read Facebook Twitter LinkedIn Email The accountant the world urgently needs has evolved far beyond the traditional role we recognized just a few years ago. Yet, in many areas, accounting education stubbornly clings to outdated, overly technical models that fail to connect with the actual demands of the market.

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CAS accounting and the next generation of accountants

Accounting Today

EDT 5 Min Read Facebook Twitter LinkedIn Email Over the last several months, Ive been partnering with Intuit QuickBooks, Brittany Brown with Ledger Gurus and Utah Valley University professor David Waite to deliver a hands-on accounting curriculum that teaches students the skills they need to succeed in the accounting profession.

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SEC taps new chief accountant

Accounting Today

Joshua Roberts/Bloomberg The Securities and Exchange Commission appointed Kurt Hohl, a former partner at Ernst & Young, as its new chief accountant, effective July 7. Acting chief accountant Ryan Wolfe will be returning to his role as chief accountant in the Division of Enforcement. All rights reserved. He received a B.B.S.

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Intuit debuts AI agents for QuickBooks

Accounting Today

The AI agents include: Accounting Agent: Automates bookkeeping and transaction categorization, and helps with reconciliation of the books. Finance Agent: Helps with financial management of growing, mid-market businesses through reporting, KPI analysis, scenario planning and forecasting based on performance and peer benchmarking.

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IMA expands competency framework for accountants

Accounting Today

EDT 1 Min Read Facebook Twitter LinkedIn Email The Institute of Management Accountants is expanding its competency framework for accounting and financial professionals. The IMA is explaining the details at its conference in Scottsdale, Arizona this week, as well as an American Accounting Association conference in August.

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Vulnerability is the new strength for firm leaders

Accounting Today

And with so many of his colleagues benefiting from being able to take on new roles, Crabtree began building a new role for himself, as a champion of mental health in the accounting profession. All rights reserved.

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Tax Firms Without AI Strategies Will Fall Behind (and Fast), New Study Warns​

CPA Practice

OBannon A new study from Thomson Reuters comes with a stark warning to the tax and accounting industry: firms without artificial intelligence strategies could fall irrevocably behind in the next 12 months as competing firms leverage the technology to transform faster, serve better, and hire smarter.​