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 …
AI’s Latest Accounting Problem: Getting a Laugh
Artificial intelligence is pushing deeper into accounting, taking on work once reserved for junior staff, technical specialists and corporate reporting …
AI Spending Puts a New Question in Deal Talks: Expense or Investment?
Artificial intelligence is giving some baby boomer business owners one more reason to sell: They don’t want to deal with …
Tax Practitioner Warns of AI Accuracy, Privacy Risks
While AI can be a powerful tool, tax practitioners should always verify the accuracy of AI-generated output and take steps …
SaaS Bubble Gets a Reality Check as Growth Slows and AI Turns Up the Heat
The easy-money days for software-as-a-service companies are over. For years, SaaS firms had a Wall Street-ready story: customers subscribe, revenue …
XBRL Cuts AI Errors in Reading Company Filings, Study Finds
AI makes far fewer mistakes reading company filings when the information is provided in XBRL — a wonky reporting format …