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How do different accounting firms use AI?

June 03, 2024

See how both the Big 4 and smaller firms are utilizing AI in their workflows.

  • practice management
  • technology and cybersecurity
  • federal tax

64% of business leaders have concerns with hiring recent college grads: report

May 29, 2024

Poor work ethic, few practical skills, and pro-Palestine protest participation are all factors, according to new data.

  • business and industry
  • career resources
  • practice management

PwC to resell ChatGPT Enterprise

May 29, 2024

Big Four firm PwC announced that its U.S. and U.K. firms have signed a deal with OpenAI to become its first reseller for ChatGPT Enterprise and the largest user of the product. This means that, beyond just helping clients leverage ChatGPT Enterprise, the generative AI bot will be implemented across PwC's entire workforce in order to further scale its AI capacities.

  • practice management
  • technology and cybersecurity

Flexible work rankings: How does your region stack up?

May 28, 2024

If you're an employer debating whether to offer workplace flexibility to boost talent acquisition efforts or an employee seeking a role that offers flexibility, understanding the trends in your region can be a valuable tool.

  • business and industry
  • career resources
  • practice management

Greater Hartford’s largest accounting firms are increasingly being led by women

May 28, 2024

Several CTCPA members and Executive Director and CEO Bonnie Stewart were featured in this article on the change in demographics at Connecticut accounting firms.

  • member news
  • practice management
  • pipeline

Peacocking, newskilling and digital detox: 9 new workplace trends CFOs must know

May 24, 2024

A new quiet term, reverse mentoring, and shadow policies add to the list.

  • business and industry
  • career resources
  • practice management

AI tools that find answers, suggest tax strategies and draft emails for you

May 23, 2024

Financial advisors and tax professionals wondering how artificial intelligence can help them may consider the concept of a quality chess player who uses technology to beat a grandmaster.

  • business and industry
  • career resources
  • practice management
  • technology and cybersecurity

Will AI block the accounting talent pipeline?

May 22, 2024

Could the new wave of artificial intelligence remove layers of associates and juniors as firms automate more ‘menial’ tasks in search of efficiencies? And what effect could this have on the accounting landscape as we know it today?

  • business and industry
  • career resources
  • practice management
  • technology and cybersecurity
  • pipeline

The generational shift in accounting

May 20, 2024

The intergenerational transfer of wealth is happening and there will be a significant number of SMBs looking to exit in the near future as a result. With this, there will be opportunities for CPAs to connect to the next generation of entrepreneurs and wealth holders. These opportunities come with a generational caveat — there are fewer CPA graduates, meaning more work with less time.

  • practice management

Employers should include workers in AI plans, DOL says

May 16, 2024

The agency outlined a list of eight “AI Principles for Developers and Employers” on Thursday, following up on a 2023 directive from the White House.

  • business and industry
  • practice management
  • technology and cybersecurity

Illinois CPA Society Releases Updated CPA Pipeline Report

May 16, 2024

A new national survey reveals “time” is why more accounting majors and young professionals are skipping over becoming certified public accountants.

  • business and industry
  • practice management
  • pipeline

NPAG recommends solutions to the talent shortage

May 14, 2024

An independent national group featuring stakeholders from throughout the accounting profession published a draft set of recommendations for tackling the talent shortage.

  • business and industry
  • career resources
  • practice management
  • advocacy - federal

Safeguards Rule notification requirement now in effect

May 14, 2024

If your business is covered by the FTC’s Gramm-Leach Bliley Safeguards Rule, an amendment to the Rule that requires covered companies to report certain data breaches and other security events to the FTC is now in effect – and we’ve made it easy for you to report.

  • business and industry
  • practice management
  • technology and cybersecurity

Are you finding it hard to sign up new clients?

May 13, 2024

How has the continuing rise of economic pressures affected the landscape for finding and gaining new clients? Molly Macfarlane gains the perspective of the community alongside small, medium and large firms to understand the current state of landing new clients.

  • practice management

When ESG reporting becomes a maze, technology provides a map

May 13, 2024

Ninety-two per cent of professionals across finance, accounting, sustainability, and audit roles think technological transformation will enable an integrated and improved approach to ESG reporting.

  • accounting and auditing
  • business and industry
  • practice management
  • technology and cybersecurity

Can CPA requirement changes solve finance’s talent shortage?

May 10, 2024

CFOs and finance leaders share their takes on whether CPA requirement changes are necessary to address talent issues within corporate finance.

  • accounting and auditing
  • business and industry
  • career resources
  • practice management

HSA inflation-adjusted maximum contribution amounts for 2025 announced

May 09, 2024

The maximum contribution amounts for a health savings account (HSA) and certain related benchmarks will be slightly higher next year, but the increases are not as steep as those last year.

  • business and industry
  • personal financial planning
  • practice management

Companies focus on internal training to fill tech skills gaps

May 07, 2024

As talent recruitment poses challenges for companies, they are switching their focus to the development of existing staff, a new report shows.

  • business and industry
  • career resources
  • practice management

Prepare large estates for TCJA sunset now

May 07, 2024

CPA financial planners need to talk with high-net-worth clients now about the idea of shifting ownership of millions of dollars in assets before the estate and gift tax basic exclusion is essentially cut in half on Jan. 1, 2026, Bob Keebler, CPA/PFS, said in an AICPA Personal Financial Planning (PFP) Section webcast.

  • personal financial planning
  • practice management

Accountants share how they're using AI

May 06, 2024

While many accountants are determined to stay as far away from artificial intelligence as possible, others have found ways to use the technology to yield tangible benefits for their firms (see "Accounting's reluctant AI revolution").

  • accounting and auditing
  • business and industry
  • practice management
  • technology and cybersecurity