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News
Firm files patent on service contract and warranty accounting
3+ week, 6+ day ago (288+ words) A peer-reviewed paper on the method has been published in the journal Risks; and a new paper extending...
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....
False info, real problems: Can accountants tame AI hallucinations?
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…...
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…...