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AppZen, a San Jose, California-based provider of software for auditing expenses using artificial intelligence technology, has introduced Mastermind Analytics to identify spending risks, provide benchmarks on demand, and give finance teams more visibility into behavior patterns so they can spot areas of improvement. The system leverages AI technology to automate the auditing process for invoices […]
Wolters Kluwer experienced issues with its CCH Axcess e-filing system on the Sept. 15, 2020, tax filing deadline. Tax preparer users started noticing e-filing was not functional on Tuesday, Sept. 15, with some receiving a message saying the system was experiencing “temporary filing errors.” Others received a message saying the system was down for “scheduled […]
When we look back at 2020, what will we remember? COVID-19, sure. Cancelled conferences, closed offices, and the rise of “unprecedented” and “new normal” in our vernacular. The coronavirus pandemic changed the game for everyone, but we’d be missing the beat if we didn’t take a minute and look at the opportunity for growth. Firms […]
The fall semester is here for us accounting professors. While I taught an asynchronous online course during the summer, I know I will have my work cut out for me as I embark on teaching synchronous accounting courses this fall. I will not have previously met most of my students in person. In the past […]
Deloitte reported Tuesday that its global revenue increased to $47.6 billion for the fiscal year ending May 31, 2020, a 5.5 percent increase in terms of local currency, despite the challenges of the COVID-19 pandemic in the latter half of the year. Deloitte reported that its audit and assurance practice grew 2.6 percent, its consulting […]
A lot of colleagues call me and “complain” that their staff are not doing as good a job as they need to. After a brief discussion, it appears the problem lies with the owner or partner because they have shortcut the planning process. This is not an isolated issue. Everyone always seems to be perpetually […]
The American Institute of CPAs and CPA.com have announced that the 2020 Private Companies Practice Section Client Accounting Advisory Services Benchmark Survey is accepting submissions. The annual poll gathers input on key performance indicators, management strategies, staffing and financial results from client accounting service practices across the country. After completion, participants will receive benchmarking data […]
In late 2015, Eli Fathi was named CEO of the artificial intelligence firm MindBridge. Fathi’s enthusiasm for artificial intelligence was sparked by the purchase of DeepMind by Google in 2014, demonstrating the potential power and opportunities for AI-based applications. Fathi, a Canadian serial entrepreneur, had headed several tech startups when MindBridge founder Solon Angel tapped […]
A month after President Donald Trump moved to shore up workers’ incomes by giving employers the option of deferring payroll taxes, the effort has failed to energize a U.S. economy still reeling from the coronavirus pandemic. No major private employer has stepped forward with plans to forgo withholding the levy from workers’ paychecks — as […]
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