From www.accountingtoday.com: General ledger systems often fail to provide efficient and accurate bank reconciliations, leading accountants to revert to using Excel for these tasks due to its flexibility and control.… read more
From www.accountingtoday.com: Jackie Marie Peters has been sentenced to 18 months in prison for hacking into an Arizona accounting firm’s network and altering tax documents for over 40 clients to inflate refunds, resulting in the fraudulent appropriation of more than $2.5 million.… read more
From cpaaustralia.com.au: Choosing a hybrid laptop involves balancing size and weight, with a recommendation for screens around 13.3 to 14 inches for optimal usability and portability.… read more
From www.accountantsdaily.com.au: Xero has partnered with BGL Corporate Solutions to launch a new workpapers solution for accounting and bookkeeping partners, aimed at streamlining the process of finalizing client accounts and preparing tax returns.… read more
From www.ibtimes.co.uk: PayPal has issued a red alert due to a staggering 600% increase in scams in 2025, primarily targeting users with fake emails and fraudulent invoices designed to exploit trust in the platform.… read more
From www.icaew.com: (UK context) The Financial Conduct Authority is advancing the regulation of AI in financial services through its AI Lab, which includes initiatives like AI Spotlight and AI Sprint.… read more
From www.aicd.com.au: Thomson Reuters President and CEO Steve Hasker highlights the transformative potential of artificial intelligence in redefining company value chains and enhancing efficiency, particularly in the legal and professional services sectors.… read more
From www.accountingtoday.com: AI is poised to replace certain accounting tasks entirely, leading firms to adapt their hiring strategies for entry-level positions, as foundational work can now be handled by AI systems.… read more
From www.bleepingcomputer.com: Microsoft has announced the rollout of its AI-powered feature, Recall, for Windows 11 on Copilot+ PCs, allowing users to retrace their digital steps by recalling and locating previously seen content on their screens.… read more
From futurefirm.co: Document management software is essential for accounting firms to efficiently organise, secure, and access important client files, helping to streamline communication and reduce the time spent on document collection.… read more
From alvarezandmarsal.com: Organisations must identify and document their current and planned AI systems to ensure proper governance and compliance.
This involves leveraging existing IT and privacy inventories, collaborating across teams, and focusing on critical systems and high-risk areas.… read more
From www.accountingweb.co.uk: Tugger has launched a new reporting portal that consolidates multiple data sources to simplify reporting for accountants, allowing data extraction from various platforms like Xero and HubSpot.… read more
From www.accountingweb.co.uk: Artificial intelligence agents are increasingly being integrated into accounting practices, offering new efficiencies.
Xero has introduced a direct bill payments feature to facilitate smoother transactions for users.… read more
From www.accountingweb.co.uk: Agentic AI, capable of autonomous decision-making, is emerging in the accounting profession, but its adoption remains cautious and products are limited.
While tools like Oracle NetSuite’s Financial Exception Management AI show potential for efficiency improvements, many firms still lack end-to-end applications of this technology.… read more