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 inside CoCounsel Legal, where it now provides high-volume document…...

5+ day, 11+ hour ago   (163+ words) Digital payments solutions provider Paystand announced the general availability of its agentic finance suite, which brings AI agents into accounts receivable, spend management and reporting on its B2B payment network. "Agentic finance does not mean giving software unlimited authority," Almond said....

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…...

3+ day, 3+ hour ago   (427+ words) The CEO of an Ant-backed humanoid robotics startup has published a letter to OpenAI in Chinese that raises questions about technical and design similarities between the two companies' recent models. "People often say major tech companies have intelligence networks monitoring…...

3+ week, 4+ day ago   (573+ words) Every accountant knows the first principle of the profession, even if it's rarely stated out loud: We work in service of the business owner. The financials we prepare and the insights we deliver exist to help someone else's business succeed....

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…...

1+ week, 2+ day ago   (266+ words) Confronted by a chronic talent shortage, fee compression and ever-increasing workloads, more U.S. accounting firms are turning to offshore talent. In earlier columns I've talked about the payoff from offshoring when it's done patiently and correctly. But there are some things…...

3+ week, 6+ day ago   (187+ words) But they also demonstrate that while agents can certainly go awry, they can also be corrected and set back on the right path. We asked AI specialists throughout the accounting world to share their personal experiences when an AI agent…...

1+ week, 5+ day ago   (214+ words) Just as success has many fathers, it has many secrets, too — and what's important for one organization may not matter as much to another. But in polling the leaders of this year's Fastest-Growing Accounting Firms, while they had a wide…...

1+ week, 4+ day ago   (693+ words) Despite the rise of stringent governance and rigorous control structures, the infamous tendency of artificial intelligence to occasionally generate false information, also known as "hallucinations," remains stubbornly untamed by even the world's largest accounting firms. What becomes clear then is…...