Grant Thornton launches unified AI-enabled audit platform 'gtap'
Top 10 Firm Grant Thornton announced the launch of gtap, a proprietary audit infrastructure intended to redefine how the firm performs audits.

New York's Hochul to back Trump's tax credit for school choice
New York Governor Kathy Hochul is planning to participate in President Donald Trump's controversial federal school choice program.

NYC tax plan that angered rich is proving difficult to design
New York officials are trying to give shape to the pied-à-terre tax proposed by Governor Kathy Hochul, with significant questions still unresolved.

AI cannot audit itself, and the profession knows why
When a CPA signs off on a work product that an AI system helped produce, what is the independent verification standard that certifies the system producing that work is actually reliable? There isn't one.

GASB adds projects on digital assets, pensions and benefits
The Governmental Accounting Standards Board added several items to its research agenda, but decided against adding a project on cybersecurity disclosures.

How CFOs can defuse the time bomb of PTO liabilities
The majority of employees don't use all the paid time off available to them, so many companies are steadily accumulating a huge line item on their balance sheets.

Intuit launches QuickBooks Workforce for HCM, payroll
Intuit has expanded further into payroll, time tracking, benefits, onboarding and other human capital needs through its new solution, QuickBooks Workforce.

Employers added 115K jobs in April, including 1.2K in accounting
The U.S. Bureau of Labor Statistics report surpassed economists' expectations, as the unemployment rate remained unchanged at 4.3%.

Tech news: Digits announces Schedules for accrual accounting workflows
Plus, Suralink introduces Workpaper Suite Intelligence; Xero announces Xero Coaches; and other news and updates from the accounting tech world.

On the move: Schneider Downs names new leaders
Plus, Forvis Mazars promotes 50 new partners and managing directors; CohnReznick names a new chief technology officer; and more personnel and firm news from across the profession.