Professional News

By Dr. Sean Stein Smith, CPA, Lehman College Automation is discussed so often in the context of accounting and audit services that it’s become something of a cliché. But dismissing the trend as just another buzzword misses the bigger picture. The accounting profession is being redefined and changed

By Elizabeth Pittelkow Kittner A powerful new artificial intelligence (AI) bot, ChatGPT, is causing quite a stir in the business world, including in the accounting profession. Using a wide range of internet data, ChatGPT can help users answer questions, write articles, program code, and engage in in

The scale at which deepfakes can cause financial harm, reputational damage and data breaches shouldn’t be underestimated. Here’s how organizations can prevent these AI-generated attacks. By Matt Miller Artificial intelligence (AI) has transformed the way we live and work, offering immense potential

Text analytics, also referred to as text mining or textual analysis, consists of data mining techniques and software programs that analyze and extract insights from unstructured textual data, such as PDF documents, HTML pages, emails, and social media posts. These techniques have been generally used

By Marc D. Mintz, CPA, CITP, CGMA, Marc Mintz & Associates Anyone with a degree or extensive experience in statistics knows that data analytics has been around for a long time. So, what is data analytics, why has it become so prevalent and how can CPAs leverage it? Briefly stated, data analytics is

By Randy Johnston There are many considerations for tax professionals this year with IRS 5293 compliance, the tax implications of The Build Back Better Act, improvements in tax document automation prepared by client (PBC) tools, and portals. Since 40–80% of CPA firm revenue is generated from tax

By Tori Smith Artificial intelligence, ChatGPT, robots — buzzwords have been flying around for a while. But will artificial intelligence really replace accountants? Will ChatGPT replace the services accountants can provide? Will the world be overtaken by robots? First and foremost, CPAs need to

By Jill Edmonds The deadline for most U.S. companies to report information on their beneficial owners to the Financial Crimes Enforcement Network (FinCEN) is fast approaching, and the CPA profession still has questions. Oh BOI … what does this all mean? Most financial professionals have probably

By Jessica L. Levin The CPA Exam. What used to be a fundamental part of working in an accounting firm is now considered a polite suggestion by many new graduates. For those individuals who have a few years of experience under their belt, sitting down and studying can be even more of a challenge

By Brandon Pope You’ve heard the old adage — it’s not what you know, but who you know. Check your phone right now. How many applications do you have that involve social media in some way? How many followers do you have on Twitter? How many connections do you have on LinkedIn? These are all