Accounting, tax, auditing news

AI changes how accountants work, not what they do

Three years after tax professionals attended the AICPA National Tax Conference’s first session on generative AI, a speaker from the 2023 conference and a speaker at this year's conference say the technology is changing how accountants work, not replacing them. They also say AI’s growing role in practice requires safeguards, oversight, and experienced professionals.

AICPA proposes improvements to SOC 2 trust services criteria

“Ghost preparers” tied to $179 million in potentially fraudulent refunds

PCAOB’s latest data reveals cleaner inspection findings

AICPA: Trump account regulations make 2026 rollout difficult

FASB seeks to reduce inconsistencies tied to customer-related payments

AI is reshaping finance jobs rather than eliminating them, survey finds