From www.accountingtoday.com: (US context) As the expiration of key Tax Cuts and Jobs Act provisions approaches, tax professionals are preparing for potential disruptions similar to those experienced in 2017.… read more
From www.themandarin.com.au: The Australian Taxation Office received a low capability rating of “developing” in a review by the Australian Public Service Commission, raising concerns about its technology and internal coordination amid rising ICT costs and challenges in delivering large projects.… read more
From www.fathomhq.com: Advisory firms face challenges in demonstrating the value of their services, struggling with visibility of client data and time constraints in scaling offerings.… read more
From www.cyberdaily.au: NSW Police have launched an investigation into a significant data breach at the Department of Communities and Justice involving the unauthorised access of approximately 9,000 sensitive court files, including apprehended violence orders and affidavits.… read more
From www.aicd.com.au: Cybersecurity threats are escalating, with a significant rise in vishing attacks and malware-free intrusions, as reported by CrowdStrike, highlighting vulnerabilities in organizations despite improved defenses.… read more
From www.accountingtoday.com: The French government is increasingly utilising artificial intelligence to detect tax fraud, leading to a significant rise in inquiries and penalties.
In 2024, the government reported a total of €16.7 billion in detected tax fraud, which is a 10% increase from the previous year.… read more
From smsmagazine.com.au: The ATO has stated that SMSF practitioners and trustees cannot fully rely on artificial intelligence (AI) for SMSF functions and that human judgment remains essential in critical areas like audits and financial advice.… read more
From www.accountingtoday.com: FloQast and Fieldguide have launched new agentic AI solutions aimed at enhancing efficiency in the accounting sector amid staffing shortages.
FloQast’s AI Agents automate complex workflows for journal entries, data transformation, and allow custom automation, while Fieldguide’s Field Agents execute entire engagement workflows autonomously, linking individual tasks.… read more
From www.accountingtoday.com: Data center operators face challenges in keeping equipment current while managing cash flow, prompting a shift towards leasing options for financing upgrades.
Options include operating leases for rapidly changing technology, finance leases for long-lasting equipment, hardware as a service, and consumption-based leasing models.… read more
From www.accountingtoday.com: Predictive analytics is revolutionising accounting by shifting the focus from historical record-keeping to forward-looking financial insights, enhancing forecasting, auditing, risk management, and strategic decision-making.… read more
From www.aicd.com.au: Ethical hacking is crucial for organizations to identify and address cybersecurity vulnerabilities before malicious actors can exploit them.
Boards should integrate ethical hacking into their enterprise risk management frameworks, fostering a proactive security culture and recognizing cybersecurity as a board-level responsibility.… read more
From bdo.com.au: This guide outlines a step-by-step approach to preparing and selling your technology business, emphasising the importance of understanding market dynamics, strategic planning, and effective buyer engagement.… read more
From www.bleepingcomputer.com: The FBI has issued a warning about fake online document converters that are increasingly being used by cybercriminals to steal sensitive information and deploy ransomware.… read more
From www.blakeoliver.com: (Podcast) How to use AI tools like ChatGPT to drastically reduce financial report preparation time from hours to minutes.
Includes discussion of methods for generating analyses, creating dashboards, ensuring data confidentiality, integrating AI with systems like QuickBooks, and automating repetitive tasks.… read more
From gtlaw.com.au: A review of the increasingly human-like development of AI, spanning from its emulation of human behaviour to the ethical implications of its advancements.… read more