3+ day, 14+ hour ago   (379+ words) Jeffrey C. LeSage, former KPMG-Americas vice chairman of tax, agreed. He said he saw a lot of partners that would "hide behind that book of business" and not be active with business development. More people, he said, will need to embrace…...

6+ day, 20+ hour ago   (805+ words) It's no secret that accountants love benchmarking. Internally, accounting firms benchmark their revenue per employee or productive hours against industry averages because benchmarking provides context. Yet few apply the same discipline to one of their biggest investments: their people. Recruiting…...

6+ day, 22+ hour ago   (188+ words) Sooner or later a practitioner gets the call. A client's vendors, or the client's own customers, are receiving invoices and payment-change requests from an address inside the client's company, and nobody there sent them. The messages read correctly. They reference…...

1+ week, 2+ day ago   (266+ words) Confronted by a chronic talent shortage, fee compression and ever-increasing workloads, more U.S. accounting firms are turning to offshore talent. In earlier columns I've talked about the payoff from offshoring when it's done patiently and correctly. But there are some things…...

1+ week, 4+ day ago   (1104+ words) In our first article, we explored how AI-generated false information, also known as hallucinations, have increasingly been making their way into firm work products. Here we explore how some firms control specifically for this risk. Accountants tend to view hallucination…...

1+ week, 4+ day ago   (813+ words) AI bots like ChatGPT are already widely used for drafting personalized emails, engagement letters, proposals and other client-facing content. But when used strategically, they can help CPA firms analyze client feedback, identify recurring concerns, understand changing expectations and spot patterns…...

1+ week, 5+ day ago   (780+ words) Finance department heads grapple with one dilemma that defines their careers: They're responsible for the economic efficiency of their organizations, yet they themselves constitute a non-revenue cost center. They're exactly the kind of overhead they need to minimize, so they…...

2+ week, 5+ day ago   (581+ words) Another big security hole, she said, is that while an LLM's reasoning packets can be encrypted, this encryption can also be broken by another LLM, and not even necessarily a more advanced one. For example, if someone has a big…...

3+ week, 4+ day ago   (573+ words) Every accountant knows the first principle of the profession, even if it's rarely stated out loud: We work in service of the business owner. The financials we prepare and the insights we deliver exist to help someone else's business succeed....

3+ week, 5+ day ago   (534+ words) Aprio, a Top 20 Firm based in Atlanta, is expanding its investment in artificial intelligence through its Aprio Ventures program. Aprio plans to invest in emerging technology companies, work alongside founders, evaluate innovative solutions that can strengthen its services, empower its…...