From www.journalofaccountancy.com: CFOs at large U.S. companies have reported a significant increase in positive ROI from generative AI, rising from 27% to nearly 90% within nine months, as revealed by a recent survey.… read more
From www.icaew.com: Prompt engineering has emerged as a critical skill for accountants to effectively utilize generative AI tools, enhancing productivity by crafting detailed commands for optimal outputs.… read more
From www.wired.com: Growing concerns over US-based digital services’ alignment with Trump administration policies have led some individuals to consider becoming “digital expats” by moving their online lives to overseas alternatives.… read more
From cpaaustralia.com.au: The Tax Practitioner Board and Australian Taxation Office mandate that tax practitioners verify clients’ identities through specific documentation before offering services.
With the rise of AI-driven identity theft, businesses are warned to adopt robust client verification processes to mitigate risks of fraud, such as using secure communication methods and identity verification services.… read more
From financialnewswire.com.au: AMP has introduced a generative artificial intelligence feature within its adviser platform, aimed at automating the transcription and organization of client meeting notes.… read more
From www.accountingtoday.com: Artificial intelligence is increasingly impacting advisory services, particularly those that are transactional and rely heavily on data analytics.
Services such as internal process mapping, tax notice management, financial modelling, and certain aspects of cybersecurity face the greatest risk of disruption.… read more
From grantthornton.com.au: Discusses the alignment of automation with business strategies for creating future-proof supply chains.
It’s also essential to future-proof investments and maintain simplicity in the design of operations.… read more
From www.accountingtoday.com: (US context) The accounting profession faces a talent crisis as a significant portion of CPAs are nearing retirement, yet recent data shows a 12% increase in undergraduate accounting enrolments, approaching pre-pandemic levels.… read more
From creditorwatch.com.au: Businesses face significant cash flow issues due to late payments, prompting 87% to modernise their systems by adopting automated collections.
Automation enhances cash flow by ensuring faster payments, lowering operational costs, providing better insights, reducing disputes, and increasing productivity.… read more
From www.theverge.com: Microsoft is developing a feature for Windows 11 that will provide users with information on how insufficient GPU or RAM may affect their PC performance.… read more
From www.accountingtoday.com: Generative AI is rapidly transforming investment accounting by streamlining routine tasks and tackling complex work, leading to an anticipated increase in global spending on this technology.… read more
From kpmg.com: Financial services organisations are under pressure to unlock growth through digital innovation amidst high inflation, geopolitical challenges, and rising operational costs.
A KPMG report reveals that while 92% of firms generate profits from AI, only 32% achieve returns at scale, highlighting the need for a comprehensive approach to digital transformation.… read more