News & Updates

Nearly all (97%) of leaders said they are willing to pay more to partner with audit firms that leverage advanced technologies, according to BDO’s Audit Innovation Survey.

Artificial Intelligence (AI) has become a game-changer, helping accounting firms streamline processes, improve accuracy, and deliver more value to their clients. Firm owners are shifting their perspective. The 2025 Generative AI in Professional Services Report from Thomson Reuters Institute found that 68% of tax and accounting professionals are excited and/or hopeful about the future of GenAI in the industry.

Artificial intelligence has a trust problem. CPAs have the credibility and skill sets to address the issue. AI auditing and assurance is an emerging discipline that is ripe for possibilities.

CPAs we sit at the intersection of information (business intelligence, performance metrics, forecasts) and risk assessment (likelihood, mitigation strategies, and consequences). CPAs' blend of insight and prudence is exactly what decision intelligence (DI) requires, especially now that leaders are leaning on AI.

Firms that integrate AI agents will scale into advisory faster than those that overlook this opportunity. Accountants who lean on these tools will become even more valuable to the firms they work for.

A 2025 report finds 17% of workers are using AI tools daily, 27% never do, and less than half have training or education on the technology.

Tax research is no longer just about looking up answers—it’s about enabling your firm to move faster, reason more confidently and deliver value for your clients. With tax legislation evolving quickly and client demands rising, traditional tools are falling short. Technology that worked even a year or two ago is now straining under the volume, complexity and pace of change.

Learn from this panel of innovative firm leaders as they discuss the current state of AI in accounting, and what it takes to move from experimentation to strategic implementation.

Emerging AI-enabled, automated data management tools such as Paradigm have the potential to challenge Excel’s current market dominance.

The risk of an “AI divide” is real, says Scott Snyder from the Wharton School at the University of Pennsylvania. In this opinion piece, he offers practical starting points for integrating AI into our everyday lives.

No longer a luxury tool for large companies, Customer Relationship Management (CRM) systems can help businesses of all sizes enhance operations and grow revenue.

Generative AI options range from publicly available platforms to custom-built systems and include essential programs that also make use of generative AI, such as technical research software. Regardless of the platform or software, CPAs are increasingly asking, “Should we inform our clients about our use of generative AI, and if so, how?“

For Immediate Release  Emily Walker, VSCPA (804) 612-9428 ewalker@vscpa.com Richmond (Oct. 23, 2023) — With the explosion of artificial intelligence use in the corporate world, business professionals must understand the critical ethical issues surrounding AI use, development and deployment.

Name a profession that involves using software to analyze numbers that are often related to business. No, not accounting. Data science. (Free account required to read.)