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KPMG Turns to ‘Gamechanger’ Gen AI Tools to Advance Auditing

KPMG auditors worldwide now rely on generative artificial intelligence to monitor risks that could reshape their clients’ accounting and to verify corporate revenues and assets values, the Big Four firm said on Monday.

Companies ‘Paralyzed’ as Australia Plans Tough Climate Rules

Australia’s plans to introduce stringent rules on climate disclosures are driving up concerns among businesses about compliance in one of the world’s biggest per-capita emitters.

VinFast to Restate Financial Statements Due to Accounting Errors

VinFast Auto said it expects to restate previously-issued financial statements for fiscal year 2023 and first quarter 2024 due to accounting errors and should no longer be relied upon.

Iren’s Board Starts Examining Audits Tied to Signorini’s Role

Iren said its board has begun examining the final reports of the extraordinary audits activated after the legal proceedings involving its former CEO, Paolo Signorini.

UK’s Reeves Eyes ‘Non-Essential’ Consultant Cuts by Government

The UK’s new Labour government said Monday it will slash spending on external consultants to help plug a £22 billion ($28 billion) hole in the national budget, threatening a sizeable revenue stream for the four biggest accounting and advisory firms.

Latest Stories

US Debt-Sale Plan Gets Politically Sensitive Before Election

The US Treasury’s updated plans for debt sales, a signature event for bond dealers every quarter, now loom also as a politically sensitive one, after the Biden administration was accused by some Republicans of manipulating issuance tactics.

Digital Infuzion’s NIH Research Support Award Survives Protest

Navitas Clinical Research Inc. failed to show that a clinical research support contract from the National Institutes of Health, National Institute of Aging to Digital Infuzion Inc. was tainted by an organizational conflict of interest, the Government Accountability Office said in a decision released Monday.

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Black Tax Pro Highlights Benefits of Small Business

SEC Top Accountant Talks Banking Crisis, Audit Worries

'Data Nerd’ Regulator Preps for Digital Auditing Future

How 40 Years of Tax Cuts Have Exacerbated Inequality

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