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GASB guidance aims to improve government financial reporting

Accounting Today

The Governmental Accounting Standards Board released an updated standard to improve some of the main components of the financial reporting model for state and local governments.

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Unlocking Growth: How Accurate Financial Reporting Can Propel Your Business Forward

Accounting Department

Yet, achieving sustainable growth requires more than just ambition; it demands a strategic approach powered by accurate financial insights. This is where precise financial reporting becomes a game-changer, offering a roadmap to navigate the complexities of business expansion.

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Majority use AI in financial reporting, auditors expected to review use

Accounting Today

A KPMG survey found 72% of companies are using AI in their financial reporting process to some extent, and executives expect auditors will start examining controls around the technology.

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Why Real-Time Financial Reporting Is a Game-Changer

Accounting Department

Financial reporting has always been a critical pillar of effective business management. However, in a fast-evolving economic landscape, relying solely on monthly reports or quarterly financial statements is slowly becoming obsolete. It's the roadmap that guides decisions, uncovers opportunities, and highlights risks.

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Majority of organizations now use AI in financial reporting

Accounting Today

A recent poll of finance leaders has found that the majority of organizations now use AI in at least some of their financial reporting process.

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Finding and fixing the most common financial reporting mistakes

Accounting Today

Garbage in, garbage out — and sometimes garbage in between: Figuring out where these errors come from is critical for you and your clients.

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IRS financial report resolves longtime deficiency

Accounting Today

The IRS beefed up its information technology internal controls.