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IRS learned lessons from ERC fraud wave The Internal Revenue Service has now closed nearly all outstanding claims for the employee retention credit aside from 41,000 claims still under exam or appeal.
IAASB to pursue non-authoritative guidance for AI The International Auditing and Assurance Standards Board has decided to pursue guidance for applying current standards to uses of emerging technology, like AI.
Citrin Cooperman acquires Browne Consulting The Top 25 Firm acquired Browne Consulting Group, expanding its presence in Boston and strengthening its expertise in the life sciences and biotech sectors.
IRS expands Tax Pro Accounts The Internal Revenue Service is adding capabilities to the online Tax Pro Account, allowing firms to specify which staff members are authorized with CAF access.
Botkeeper shuts down Bookkeeping automation solutions provider Botkeeper is closing down. The company made the announcement over the weekend.
How to tackle the rise of AI-generated receipts Users can log in to free apps like Google Gemini or ChatGPT and create realistic-looking, fraudulent documents — such as fake receipts or invoices — in seconds.
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