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News
When a client's mailbox is sending fake invoices, the password reset is only the beginning
6+ day, 12+ hour ago (188+ words) Sooner or later a practitioner gets the call. A client's vendors, or the client's own customers, are receiving invoices and payment-change requests from an address inside the client's company, and nobody there sent them. The messages read correctly. They reference…...
Xerocon 2026: use AI but stay aware of security risks
2+ week, 5+ day ago (581+ words) Another big security hole, she said, is that while an LLM's reasoning packets can be encrypted, this encryption can also be broken by another LLM, and not even necessarily a more advanced one. For example, if someone has a big…...
Don’t get “-ished” – Tips to Protect Your Investment and Financial Accounts from Phishing, Smishing, and Vishing Scams – Investor Alert
4+ mon, 2+ week ago (367+ words) What are phishing, smishing and vishing? What type of information do these scammers want and why do they want it? Fraudsters use “-ishing” scams to steal personal information that may allow them to gain access to your e-mail, financial, or…...
Check your tech stack for AI training leaks
3+ week, 6+ day ago (1253+ words) "If you go and read their terms, they're not exactly favorable. Some of the terms have been like that for several years," he said. While there is great variation between how vendors word their respective policies, however, there are certain…...
Overconfidence in AI governance means safety takes a back seat to speed
1+ mon, 2+ week ago (322+ words) While almost everyone is talking the talk on AI governance and control, recent data suggests far fewer are walking the walk, much to the detriment of their organizations. Top 50 firm Schellman, in a report released today, found that 90% of AI…...
AI-powered hacking in accounting: ‘No one is safe’
11+ mon, 1+ week ago (1668+ words) Artificial intelligence is producing scary good cyberattacks, but CPAs can take steps to lower their risk of being a victim. Once upon a time, in the early 2000s, cyberattacks were like ghost stories for the corporate world. They were chilling to…...
The end of deferral: Calculating QOZ gain recognition on Dec. 31, 2026
2+ mon, 1+ week ago (22+ words) A critical milestone in the qualified opportunity zone program looms, and understanding how to calculate the required deferred gain recognition is essential....
In the blogs: Viruses are back!
4+ mon, 1+ day ago (147+ words) "Pied-à-terre" tax; warning shot; Section 122 tariffs; and other highlights from our favorite tax bloggers. Hit the road now The median fraud loss per case in the ACFE study was $104,000, but the average loss per case was $1,457,000, while 20% had losses of…...
Post‑AI client expectations: Why predictive insight is the new baseline
4+ mon, 5+ day ago (587+ words) For decades, accounting services have been defined by precision, compliance and historical reporting. Clients hired firms to get clean books, accurate tax filings and reliable financial statements. However, the rise of AI, especially predictive and generative tools, is quietly rewriting…...
Anthropic's Mythos set off a cybersecurity 'hysteria.' Experts say the threat was already here
4+ mon, 5+ day ago (1184+ words) Global banks, tech giants and governments were sent scrambling last month to contain the risks posed by Mythos, the Anthropic model said to be so powerful that it has found thousands of previously unknown vulnerabilities in the world's software infrastructure....