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News
Why accounting firms should benchmark their hiring
6+ day, 11+ hour ago (805+ words) It's no secret that accountants love benchmarking. Internally, accounting firms benchmark their revenue per employee or productive hours against industry averages because benchmarking provides context. Yet few apply the same discipline to one of their biggest investments: their people. Recruiting…...
False info, real problems: The human in the AI loop
1+ week, 4+ day ago (1104+ words) In our first article, we explored how AI-generated false information, also known as hallucinations, have increasingly been making their way into firm work products. Here we explore how some firms control specifically for this risk. Accountants tend to view hallucination…...
Using Excel’s REGEX functions to clean accounting data faster
1+ mon, 1+ week ago (349+ words) Excel for Microsoft 365 includes REGEX functions that can dramatically simplify many common accounting data-cleaning tasks....
Right-sizing risk management
1+ mon, 1+ week ago (522+ words) Review practical tips for small firms and sole practitioners to right-size the building blocks of risk management: acceptance, billing, communication, documentation, and engagement letters — to help avoid disputes and malpractice claims....
Treasury proposes GENIUS Act rules on who can sell stablecoin
3+ week, 6+ day ago (333+ words) The Treasury Department issued a notice of proposed rulemaking Monday on implementing a section of the GENIUS Act, a law passed last year that sets up a regulatory framework for stablecoins, a form of digital assets pegged to a fiat…...