EY rolls out Blockchain Analyzer
From www.accountingtoday.com: EY has launched the Smart Contract and Token Review tool within its Blockchain Analyzer, enhancing vulnerability detection in smart contracts through AI-enabled automation.… read more
Tech
The influence of AI-driven automation on accounting
From www.accountingtoday.com: AI-driven automation is transforming the accounting profession by taking over routine tasks and enabling accountants to focus on strategic roles that involve data analysis and advisory services.… read more
ATO outlines current focus areas for tax 3.0 plans
From www.accountantsdaily.com.au: The ATO is working on its Tax Administration 3.0 initiative to create a streamlined digital tax experience for small businesses, focusing on faster error detection and more frequent reporting.… read more
Facilitating a successful ERP implementation
From allens.com.au: This guide outlines the crucial aspects of implementing an ERP system, detailing its functionalities, potential risks, and offering tips for success.
Includes insights into the contractual considerations, ongoing legal developments, and the strategic importance of regular updates and improvements in ERP systems for business advantage.… read more
Scalable, secure and compliant IT solutions
From www.accountingtoday.com: (US context) Political and regulatory changes significantly impact the accounting industry, necessitating that CPA firms adopt scalable, cloud-based IT infrastructures to remain compliant and secure.… read more
MYOB Acumatica cloud based ERP
From www.myob.com: MYOB Acumatica is a cloud-based ERP solution designed to help manufacturers navigate challenges such as rising costs, labour shortages, and inefficient processes.
It enhances operational efficiency through features like automated workflows, connected supply chains, real-time insights, and quality management tools.… read more
Practical applications of AI for business owners
From williambuck.com: AI is transforming businesses of all sizes by streamlining operations and enhancing decision-making through automation, especially in areas like bookkeeping and cash flow forecasting.… read more
Response to ASIC Consultation Paper 381
From piperalderman.com.au: Piper Alderman submitted a response to ASIC’s Consultation Paper 381 regarding updates to its guidance on digital assets and financial services.
The submission discusses the interpretation of the Corporations Act 2001 and licensing requirements for crypto-related services.… read more
Windows Notepad to get AI in Windows 11
From www.bleepingcomputer.com: Microsoft is testing a new AI-powered feature called “Summarize” in Notepad for Windows 11, allowing users to generate text summaries by selecting text and accessing the tool via right-click or a keyboard shortcut.… read more
Load up on laptops, and other accounting tech stories
From www.accountingtoday.com: (US context) Acer plans to raise laptop prices in the U.S. due to new tariffs, prompting advice to purchase laptops soon.
Cybersecurity experts warn of AI agents’ potential to enable more advanced cyberattacks, while Google tests an AI feature that automatically changes compromised passwords.… read more
Fintech SaaS execs discover the enemy within, and it’s AI
From www.accountingtoday.com: Fintech companies face a dilemma as they integrate artificial intelligence into their products, which can reduce the need for human workers, thus complicating their seat-based revenue models.… read more
Got AI FOMO? Get the foundations right first
From www.accountingweb.co.uk: (UK context) Billie Mcloughlin advises accountants suffering from AI FOMO to focus on mastering the basics of artificial intelligence before trying to implement advanced tools.… read more
The rise of AI in the workplace
From hallandwilcox.com.au: Artificial intelligence has become an integral part of workplaces, offering benefits such as improved efficiency and better decision-making, but it also presents risks including algorithmic bias and legal liabilities.… read more
Developer guilty of using kill switch to sabotage employer’s systems
From www.bleepingcomputer.com: A software developer named Davis Lu has been found guilty of sabotaging his former employer, Eaton Corporation, by using custom malware and implementing a “kill switch” after losing his job responsibilities.… read more
The future of lease accounting
From www.accountantsdaily.com.au: The future of lease accounting is evolving with advancements in technology, data analytics, and sustainability considerations, driven by the post-implementation review of IFRS 16 by the International Accounting Standards Board (IASB).… read more