Accounting Today

JUNE 13, 2025

Invoice Cloud releases AI Report Generator robu_s - stock.adobe.com InvoiceCloud , a provider of online billing and payment services, introduced an AI Report Generator, a new tool designed to provide utility, government and insurance billers with real-time reporting using natural language processing.

Technology

Accounting Today

JUNE 12, 2025

Bangor, Maine: Paul Archer, a Florida resident formerly of Hampden and Orrington, Maine, has pleaded guilty to attempting to evade federal taxes and engaging in fraudulent transfers and concealment in a bankruptcy proceeding. Bui anticipated that the transactions would be audited. He lied to the court, to the U.S.

Tax

Accounting Today

JULY 16, 2025

Incumbent accounting firms can do this — they understand the problems and opportunities better than new entrants — but may not have the governance or incentive systems in place to allow adequate experimentation. Elliott Parker CEO, Alloy Partners For reprint and licensing requests for this article, click here.

Technology

ThomsonReuters

NOVEMBER 8, 2024

ESG’s importance—and data demands—are growing In today’s business world, a corporation’s reputation (to say nothing of its stock price) is increasingly tied to its ability to meet various ESG targets—some self-imposed and others required by law.

Technology

ThomsonReuters

JANUARY 9, 2025

The extensive reliance on manual spreadsheets and inconsistent policies, coupled with data fragmentation from a lack of standardization and centralization, increases the complexity of corporate governance processes. Mistakes in tax calculations, audits, fines, and penalties can all lead to revenue losses.

Technology

Accounting Today

JUNE 23, 2025

The GASB periodically issues new and updated guidance to assist state and local governments in applying generally accepted accounting principles to specific facts and circumstances they encounter. Paige Hagy Reporter twitter mailto linkedin For reprint and licensing requests for this article, click here.

accounting standards

Accounting Today

JUNE 6, 2025

Wolters Kluwer releases AI audit documentation solution Wolters Kluwer HQ Wolters Klower announced TeamMate+ AI Editor, a generative AI writing engine designed to enhance the quality of audit documentation with data protection and safeguards.

Technology

Accounting Today

JUNE 6, 2025

Forvis Mazars opened a new office in Minneapolis, to be spearheaded by audit director Tyler Aldridge. MINNESOTA Dyanne Ross-Hanson BGM, Bloomington, launched a new succession and exit planning service line and hired Dyanne Ross-Hanson to lead it. MISSOURI Tony Spratte was named the next managing partner of the St.

New Jersey

ThomsonReuters

MAY 21, 2025

It automatically formats documents to meet government requirements, streamlining compliance and reducing risk. Advanced automation, including invoice enrichment, validation, and audit. Built-in audit trails further support transparency and traceability. Unified coverage across countries, document types, and regulatory formats.

corporation tax

Accounting Today

AUGUST 1, 2025

The partnership allows companies to use, control and govern AI tools — such as ChatGPT, Gemini, AI agents and even internal AI tools — with data security and regulatory compliance. Top 50 firm UHY announced a new partnership with Secure AIs , an all-in-one AI control platform.

Technology

ThomsonReuters

JULY 23, 2025

Therefore, training in GenAI usage and oversight is a must. Sign 4: New technology is not an investment priority Many corporate tax departments are constrained by tight budgets , limited resources, and various structural and leadership impediments that prevent them from implementing much-needed new technologies.

Technology

Accounting Today

JUNE 20, 2025

The collaboration is designed to help customers address two emerging areas: first, the critical need to secure and govern AI agents; and second, the need for insights and contextual support to help teams with decision-making, information discovery and task completion.

Technology

Accounting Today

JUNE 17, 2025

KPMG said clients can maintain full control of how their data is stored and processed and manage diverse risk and governance needs, helping them to meet local and global regulatory requirements. The capabilities are available internally to KPMG professionals and are also available to deploy for clients.

Technology

Accounting Today

JULY 22, 2025

Parametric ( [link] ): And the bills impact on mid-year tax planning. CLA ( [link] ): The FDIC has proposed significant updates to 12 CFR Part 363 (FDICIA), which governs annual independent audits and reporting requirements for insured depository institutions. What the proposed rules and what they would mean for banks.

E-commerce

Accounting Today

JUNE 19, 2025

Theft of government money provides for up to 10 years in prison, three years of supervised release and a fine of $250,000. Aiding and assisting the preparation and filing of a false return carries a sentence of up to three years in prison, a year of supervised release and a fine of up to $250,000. Sentencing is Sept.

Tax

Accounting Today

JUNE 9, 2025

Gary Boomer June 9 Audit Two-thirds of clients ready to change auditors Seventy percent of U.S. audit clients are ready to change firms within the next three years, according to an Inflo report.

accounted

ThomsonReuters

NOVEMBER 1, 2024

← Blog home Global indirect tax and e-invoicing compliance is more critical than ever, with corporations needing to navigate a complex web of regulations and mandates. For global companies, the stakes are high: non-compliance can result in substantial financial penalties, increased audit risk, and reputational damage.

Tax

Accounting Today

JUNE 9, 2025

The inspection rules were written 20 years ago, and when we talk about audit transformation, we need to make sure those inspections match up with what were doing," he added. As much as weve talked about it, our governance never really allowed for partner accountability to occur in firms. This is an incredible opportunity to do that."

accounted

Going Concern

OCTOBER 25, 2024

The Tax Practitioners Board, which regulates the country’s tax agents, told parliament on Thursday it is still investigating links to overseas partners who received confidential government information as part of its ongoing inquiries into potential wrongdoing by former PwC Australia personnel.

accounting and finance

ThomsonReuters

APRIL 14, 2025

Tax departments have typically dealt with ECM reactively, addressing issues only during audits. Securing the right exemption certificates is crucial because it can affect profits and lead to costly assessments after an audit. The integration of AI also improves the accuracy of tax determinations.

Tax

Accounting Today

JULY 30, 2025

By Chris Gaetano 2h ago Technology For AI governance, execution lags far behind ambition While organizations understand AI governance and controls are important, actual implementation lags behind significantly due to leadership and culture. year-over-year.

Technology

Accounting Today

JULY 29, 2025

Given that many accounting activities are governed by strict guidelines, AI agents are perfectly positioned to thrive in this field, working synergistically with their human counterparts. Assistive, autonomous and nearly autonomous AI agents are increasingly adept at taking on human tasks that demand reasoning and rule-based decision-making.

accounting and finance

Accounting Today

JULY 11, 2025

Audit Sight releases Management Meeting Module Andrey Popov/stock.adobe.com Audit Sight , which makes accounting record verification software, announced the release of its new Management Meeting Module made for quality of earnings professionals in M&A transactions.

Technology

Accounting Today

JULY 1, 2025

EDT 2 Min Read Facebook Twitter LinkedIn Email The Office of Management and Budget is calling for a major overhaul in how federal agencies conduct financial audits. The federal government spends hundreds of millions of dollars each year on financial audits.

audit

Accounting Today

AUGUST 5, 2025

Pipaya was founded by Adam Strach in 2009, is a transaction advisory firm with expertise in the aerospace, defense and government services industries that focuses on providing sell-side and buy-side quality of earnings, M&A readiness, and accounting and integration support for founders, owner operators and private equity investors.

New Jersey

Accounting Today

JUNE 9, 2025

There were corporate tax provisions which were permanent, (02:20): And there were the individual and estate provisions, which under that law are scheduled to sunset at the end of this year. So if Congress were to do nothing, just were to do nothing, which we know is not going to happen, but still tax pockets would go back up one to 4%.

Washington

Accounting Today

JULY 10, 2025

Neither the shell company nor the contractors reported to government authorities the wages paid to the workers, nor did the company and contractors pay the employees or the employers portion of payroll taxes. According to the IRS, the payroll taxes due on the wages totaled $2,048,182.

Tax

ThomsonReuters

NOVEMBER 19, 2024

Corporate tax departments also must contend with limited resources, including budget constraints and a shortage of skilled professionals. Some jurisdictions may tax software differently from hardware, while others might treat certain digital health tools as exempt from VAT if they are deemed necessary for patient care.

Technology

Accounting Today

JUNE 24, 2025

How any "new Internal Revenue Code must acknowledge and confirm that the one and only purpose of the federal income tax system is to raise the money necessary to fund the government." Key figures The Tax Times ( [link] ): This Time Im Gonna Take It Myself Dept.: What about that lack of buy-in from reluctant partners?

tax preparation

Accounting Today

AUGUST 5, 2025

EY conceded that the categorization can be a little slippery sometimes, an assessment that evaluates governance over an AI system, for example, may also be an assessment of conformity such as an assessment of an organizations AI Management System against the ISO/IEC 42001 standard. National Institute of Standards and Technology (NIST).

Technology

Accounting Today

JULY 2, 2025

By Chris Gaetano July 2 Tax Security, simplicity and digitization should be IRS priorities: ETAAC The Internal Revenue Services Electronic Tax Administration Advisory Committee delivered its annual recommendations. By Roger Russell July 2 Accounting North Carolina signs licensure changes bill into law North Carolina Gov.

North Carolina

ThomsonReuters

MAY 27, 2025

Thomson Reuters ONESOURCE is a state-of-the-art tax platform that provides everything corporate tax departments and IT personnel need to manage indirect and direct tax calculations, reporting, and compliance. What is Thomson Reuters ONESOURCE? Flexibility is another hallmark of ONESOURCE.

Tax

Accounting Today

JULY 10, 2025

The Financial Reporting Council is probing several audits carried out by Deloitte and U.K. We remain committed to the highest standards of audit quality." A Bloomberg investigation in April revealed that dozens of corporations that were supposed to be working with Stenn denied having any relationship with the firm. government.

audit

Accounting Today

JULY 8, 2025

While positioned as regulatory relief for small businesses, this change could cost the federal government billions. By Michael Cohn 2h ago Audit IAASB revises auditor fraud standard The International Auditing and Assurance Standards Board has revised its standard on the auditors responsibilities relating to fraud.

Real Estate

Accounting Today

JUNE 24, 2025

She noted that solutions to the problems lie within domestic governments as well as with individuals, businesses and societies. Government Accountability Office calculated that the U.S. government loses as much as $521 billion per year to fraud and that was only looking to fraud in federal government payments. "It

Rhode Island

Accounting Today

JULY 8, 2025

Supreme Court let President Donald Trump move ahead with plans to dramatically reduce the size of the federal government, lifting a court order that had blocked 19 federal departments and agencies from slashing their workforces. EDT 3 Min Read Facebook Twitter LinkedIn Email Pedestrians cross a street near the U.S. Capitol in Washington, D.C.

Technology

Accounting Today

JULY 2, 2025

Establishing a robust accounts payable audit trail is also made more efficient through the adoption of a digital payment system. By Chris Gaetano 7h ago Tax Security, simplicity and digitization should be IRS priorities: ETAAC The Internal Revenue Services Electronic Tax Administration Advisory Committee delivered its annual recommendations.

Technology