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The California Society of CPAs has announced a strategic relationship with Canadian company MindBridge to educate its members on AI and data analytics, as well as introducing MindBridge’s software solutions to CalCPA members across the state. MindBridge has more than 300 customers across 14 countries. Its technology helps accountants analyze financial records with AI, machine […]
The U.K.’s Financial Reporting Council sanctioned Deloitte and two of its former partners Thursday for their audits of the software company Autonomy prior to its acquisition by Hewlett-Packard, fining the firm a record penalty of £15 million ($19.4 million). The audits were for financial statements between Jan. 2009 and June 2011. Along with the fine, […]
Rep. Pete Olson, a Republican from Texas, has introduced a bill that would offer tax incentives to employers who train workers about best practices for reducing the spread of COVID-19 in the workplace. H.R. 8260, The Businesses Preparing for a Better Tomorrow Act, would provide a payroll tax credit for expenses used for qualified workplace […]
QuickBooks Desktop updates for 2021 center around the theme of automation, based on top requests from users. Despite the COVID-19 pandemic, QuickBooks Desktop usage continues at pace via cloud hosting and other remote solutions, Intuit reports. There has been a rise in customer requests for help with finding remote hosting solutions, Rachna Arya, product manager […]
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 […]
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