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News
Will AI replace accounting firms in the small biz market?
2+ week, 6+ day ago (944+ words) Financial reporting is just one of the areas where AI can reduce costs the most, especially for companies...its outside CPA firm. 1....AI can: Finding these issues earlier can reduce audit adjustments and rework.7....The AI retrieves the relevant data…...
Hiring for small firms
3+ week, 6+ day ago (615+ words) A firm's first full-time employee is a major milestone — one that requires more thought and planning...Transcription (generated by AI; in case of discrepancies, refer to the recording): Absolutely....How does a firm owner know when it's time to make…...
Secrets of the Fastest-Growing Firms
1+ week, 5+ day ago (214+ words) But in polling the leaders of this year's Fastest-Growing Accounting Firms, while they had a wide range...trends stood out: the importance of having bold plan for the future, and the need to know what your firm...Leaders at some…...
Why accounting firms should benchmark their hiring
6+ day, 14+ hour ago (805+ words) Internally, accounting firms benchmark their revenue per employee or productive hours against industry...Recruiting and developing talented accountants is one of the most significant drivers of a firm's long-term...After all, people are the most valuable assets you have at…...
Firm files patent on service contract and warranty accounting
3+ week, 6+ day ago (288+ words) Kerper Bowron LLC, an actuarial, accounting, and insurance consulting firm based in Birmingham, Alabama...We asked AI specialists to share their experiences with times an AI agent has started doing something...The Top 25 Firm Eide Bailly will acquire accounting and…...
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....false information from escaping…...
Xerocon 2026: use AI but stay aware of security risks
2+ week, 5+ day ago (581+ words) "The problem we're seeing right now is we're in the wild west of AI," she said....But that doesn't necessarily mean the firm can't do what it wants to do...., versus having AI models do all the work itself....In…...
False info, real problems: Can accountants tame AI hallucinations?
1+ week, 4+ day ago (693+ words) also known as "hallucinations," remains stubbornly untamed by even the world's largest accounting firms...of which originate within organizations with resources that dwarf those of the average accounting firm...— underscore the importance of meticulous AI oversight for all practices, from…...
Using AI to decode client behavior
1+ week, 4+ day ago (813+ words) AI bots like ChatGPT are already widely used for drafting personalized emails, engagement letters, proposals...But when used strategically, they can help CPA firms analyze client feedback, identify recurring concerns...Accountants can use AI to identify different personality styles by…...
Thomson Reuters develops independent AI frontier model 'Thomson' in push for 'AI sovereignty"
2+ week, 4+ day ago (413+ words) Thomson Reuters announced the launch of its independently developed AI frontier model Thomson, which...the company plans to deploy throughout its legal and tax portfolio over time, starting with Tabular Analysis...Client expectations are evolving, and the firms that succeed…...