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Latest News & Web Pages
SEC Commissioner Hester Peirce on ETFs: 'We want to work with people on new products"
3+ hour, 41+ min ago (196+ words) SEC Commissioner Hester Peirce is indicating an openness to work with Wall Street on emerging exchange-traded fund products tied to cryptocurrencies and tokenization. "We want to work with people on new products," Peirce said during an exclusive interview this week…...
PwC CEO: You cannot opt out of AI
22+ hour, 8+ min ago (530+ words) Paul Griggs, U.S. senior partner and CEO for Big Four firm PwC,said they plan to adjust billing model in certain areas to factor in AI, and added that if any of those same human professionals have a problem with it…...
With AI doing more work, reviewing becomes paramount
19+ hour, 27+ min ago (838+ words) AI can now do most of the boring, routine, repetitive work like data entry, transaction coding and AP/AR, which raises the question of what exactly the human accountants will be doing. According to several major software vendors featured during…...
IRS offers $1.2B in unclaimed tax refunds for 2022
1+ day, 10+ min ago (255+ words) The Internal Revenue Service said Friday that more than 1.2 million taxpayers only have until April 15 to claim a total of approximately $1.2 billion in refunds for tax year 2022. The IRS estimates the median refund amount is $686, with about half of them…...
Small cap-focused Russell 2000 becomes the first of major U.S. benchmarks to enter correction territory
1+ day, 38+ min ago (176+ words) The Russell 2000 has fallen more than 10% off its recent high, becoming the first of the major U.S. benchmarks to fall into correction territory. A correction is defined as a decline of more than 10% and less than 20%. Small caps actually outperformed to…...
Tech news: Deloitte and UiPath team up to launch Agentic ERP
21+ hour, 34+ min ago (137+ words) Deloitte and UiPath team up to launch Agentic ERP; EY announces new software development model; SAP touts new integrations, features for Concur; and other accounting tech news and updates. The unit will now be renamed Threadline Wealth, backed by investment…...
Moss Adams spins off wealth management unit after Baker Tilly deal
1+ day, 2+ hour ago (460+ words) Moss Adams, a former Top 25 Firm that joined Baker Tilly US last year in a megamerger, has spun off its Moss Adams Wealth Management unit." It will now be renamed Threadline Wealth, backed by investment from the Cynosure Group, and…...
On the move: Bennett Thrasher adds international tax partner
1+ day, 3+ hour ago (169+ words) Weaver names pair of tax partners; RubinBrown appoints assistant managing partner; and more news from across the profession." Paul Griggs, CEO of PwC, said they plan to adjust billing model to factor in AI, potentially without even a human professional…...
Evergrande liquidators, PwC to face off in court hearing in May
23+ hour, 56+ min ago (328+ words) China Evergrande liquidators' lawsuit to claw back funds from the builder's auditors will finally reach its first public court hearing in May, about two years after being filed. The parties in the case " China Evergrande Group (in liquidation) and PricewaterhouseCoopers…...
Why AP leaders must modernize before the pressure boils over
23+ hour, 56+ min ago (816+ words) The pressure on accounts payable has never been higher. AP sits at the center of the organization's financial engine, yet teams are expected to work faster, more accurately and with deeper visibility than ever before, all while headcount stays flat…...