AI errors reach boardrooms and investors, midyear report finds
A quarter of corporate executives say errors generated by artificial intelligence tools have made their way to external audiences or …
How accounting firm UHY is building a Big Four rival — one acquisition at a time
Accounting firm UHY is on a buying binge — and it’s just getting started. After landing a major investment from …
AI-powered IRS audits are here but taxpayers have new relief options, tax pros say
Tax specialists from PricewaterhouseCoopers (PwC) detailed the IRS’ growing reliance on data analytics and artificial intelligence for enforcement, a renewed …
Proactive AI governance needed for international tax challenges, experts say
Grant Thornton tax specialists said during a July 30 webcast that companies deploying artificial intelligence (AI) should assess how the …
AI’s hidden price tag — millions spent, returns still a mystery, and mistakes can make the bill worse
Corporate America has gone all-in on artificial intelligence — but when it comes to actually measuring the payoff, most companies …
Banks are using AI to review loans, but humans still make the final loss call
Banks are beginning to use artificial intelligence to handle time-consuming parts of the loan-loss process, but they are not letting …
Global tax complexity outpaces simplification, survey finds
Rising complexity and compliance burdens pose the biggest tax policy challenge for global businesses, according to a Deloitte survey of 1,010 tax …
Sanders calls for tax on ‘systemically important AI activity,’ payable in equity
Senator Bernie Sanders (I-VT) has proposed a remittance tax on certain artificial intelligence companies amounting to 50% of the company’s …
SEC Staff Eye AI Reminders, Not Prescriptive Rules, for Financial Reporting
Public company accountants and auditors have been using artificial intelligence (AI) for financial reporting matters largely without new regulatory requirements. …
Data Privacy in the Age of AI: More Than Just a Tax Issue
Tax practitioners face an expanding set of data security regulations, and the rapid adoption of artificial intelligence is adding layers …