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Emma Slack-Jorgensen
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AI Could Replace Mundane Tasks, As Well As Jobs, on Wall Street
NextGen
So-called “grunt work” done by junior-level analysts in financial services as they begin their careers can be replaced…
Read More
PCAOB Assesses Record Fine Against KPMG Netherlands for Exam Cheating and Cover-Up
Auditing
KPMG’s Netherlands unit was fined $25 million by the Public Company Accounting Oversight Board (PCAOB) over claims of exam…
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Survey: AI Tools Can Boost Productivity by Reducing Time Spent in Meetings
NextGen
Employees who use a generative artificial intelligence (AI) assistant spend less time in meetings, according to a recent…
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PCAOB Proposes New Reporting Requirements for Audit Firms
Auditing
The Public Company Accounting Oversight Board (PCAOB) voted to propose two new reporting requirements to impose on auditing…
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Treasury and IRS Issue Interim Guidance on Stock Buyback Excise Tax
Taxation
The U.S. Treasury Department and the IRS issued new interim guidance regarding the Inflation Reduction Act’s 1 percent…
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IRS Changes How Tax Pros Get Client Transcripts
Taxation
The IRS is changing the way in which it transmits tax transcripts for clients to tax professionals, Accounting Today and CPA…
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Senate Introduces Pandemic Aid Fraud Bill
Trusted Professional
The numbers are staggering and, now, Congress is moving to provide more funding to recover billions of dollars lost to…
Read More
Biden Administration Announces New Student Debt Relief Plan
NextGen
President Biden announced a large-scale effort to help pay off federal student loans for tens of millions of American…
Read More
Survey: Workers Would Return to the Office if Employers Paid Their Commuting Costs
NextGen
As employers still struggle to get their employees back to the office, they offer a number of enticements, such as ping pong…
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