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The accountant's advantage over technology in fraud prevention

Accounting Today

Accountants who grasp these behavioral dynamics are better equipped to lead businesses through the emotional and operational challenges of building stronger defenses. The modern accountant must blend technical precision with behavioral insight. Accountants are not merely financial technicians; they are protectors of economic integrity.

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Broker-dealer audit deficiency rates remain high

Accounting Today

And for evaluating audit results, firms did not sufficiently evaluate whether the broker-dealer financial statements were presented fairly in accordance with GAAP. For journal entries, firms did not consider the characteristics of potentially fraudulent journal entries when identifying and did not perform journal entry procedures.

Auditing 147
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Inside GASB's far-reaching agenda

Accounting Today

In late 2023, GASB issued Statement 102 , "Certain Risk Disclosures," requiring state and local governments to provide financial statement users with information about specific risks when circumstances make a government vulnerable to a heightened possibility of loss or harm. That is effective for 2025 financial statements."

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The state of the 'Big Beautiful Bill' and more

Accounting Today

There may be a lawsuit filed or theres a lawsuit going on and we dont know if were going to win, but if we dont win, we anticipate we might have to pay X amount of dollars, which will have an impact and on the financial statements, and it has to be reported in the financial statements if you know about it Dan Hood (23:10): Actually.

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The next frontier in accounting: Autonomous AI agents

Accounting Today

In finance and accounting, accuracy and accountability are paramount. Poorly built or inadequately supervised AI agents could cause severe disruption, from misclassifying transactions to fabricating data — not only wreaking havoc on financial statements but fundamentally destroying trust.

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Tech news: Wolters Kluwer adds document summaries, tool directory to CCH AnswerConnect

Accounting Today

Users can parse, extract and classify data from diverse file types, including contracts, images, free text, invoices, financial statements, legal forms and more with accuracy, with the AI handling variations in layout, language and handwriting.

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Top 10 Accounting Firms in the US

Invoicera

It’s been 21 years that EY has been on Fortune magazine’s list of 100 Best Companies to Work For! No other accounting firm has this record. It embraces areas like strategy, operations, human resources, IT, and even financial services consulting. How Invoicera Helps Accounting Firms?