News
KPMG premiers monthly close AI assistant
1+ hour, 14+ min ago (120+ words) Big Four firm KPMG announced the release of a new AI assistant, Ignite Financial Close Companion, developed in cooperation with Google and HR platform Workday to assist with the month-end closing process for legal entity controllers and accounting analysts." The…...
A new way to experience Accounting Today
1+ hour, 58+ min ago (305+ words) We're proud to introduce the redesigned Accounting Today home page, a transformation inspired by how today's accountants learn, connect and grow. The changes are coming to our home page on Thursday, April 23. Our goal was simple: to make it easier…...
A crazy take on the talent pipeline crisis
1+ hour, 58+ min ago (1210+ words) After the last decade of strategizing against the existential pipeline crisis facing our profession, I bet you never thought you'd hear the words "we have too many accountants." Solving the pipeline crisis has been part of every accounting conference's agenda,…...
San Francisco billionaire punches back against 'overpaid' CEO tax
2+ hour, 25+ min ago (1316+ words) Chris Larsen didn't start out rich. He was born in San Francisco, the son of an aircraft mechanic and a freelance illustrator. After starting a string of successful companies and amassing a $13 billion fortune, he's become the face of a…...
The biggest opportunities for accountants
2+ hour, 25+ min ago (1192+ words) The accounting profession is facing extraordinary levels of disruption, but in the chaos, firm leaders still see plenty of opportunities. "Firms that choose to transform themselves have a once-in-a-generation opportunity to reinvent, elevate and accelerate the career path in public…...
GASB videos help elected officials navigate financial reports
21+ hour, 50+ min ago (452+ words) The Governmental Accounting Standards Board has begun posting a new series of videos to help elected officials and other stakeholders understand the information included in government financial reports and how they can use it. Viewers can watch videos by topic…...
Prediction markets step up lobbying to fight stricter rules
1+ day, 6+ hour ago (1113+ words) Prediction markets are pouring money into Washington to defend against escalating criticism that their fast-growing platforms are contributing to a gambling explosion and enabling insider trading." Leading online platform Kalshi, alongside crypto and sports gambling companies that have launched their…...
Insurers eyeing AI risk at CPA firms
21+ hour, 33+ min ago (592+ words) While the specific impacts are still being determined, professional liability insurers that cover CPA firms increasingly are coming to a consensus that AI is a source of risk that must be controlled by strong governance. These risks have yet to…...
Kentucky passes CPA pathway bill
1+ day, 5+ hour ago (312+ words) The commonwealth of Kentucky has become the latest state to pass legislation offering an alternative pathway to qualifying for a CPA license in an effort to broaden the talent pipeline of young accountants. The bill was supported by the Kentucky…...
Where smart CPA firms are getting stuck
1+ day, 24+ min ago (691+ words) I talk with many CPA firm leaders who know the right priorities to focus on, so why is it so difficult to make headway in these areas across the industry?" We need growth to create opportunities for staff and new…...