Technology
FloQast Adds New Features Supporting Diverse Compliance Frameworks
The feature enhancements bring even greater ROI to chief financial officers and accounting and finance teams through a lower total cost of ownership.
Isaac M. O'Bannon
Managing Editor
isaac.obannon@cpapracticeadvisor.com
Isaac M. O'Bannon is the managing editor and digital content manager for CPA Practice Advisor (www.CPAPracticeAdvisor.com), drawing on two decades of experience covering the areas of professional accounting, taxation, business productivity and consumer technologies.
Prior to CPA Practice Advisor, O'Bannon was a consultant at firms in San Francisco, Denver and Tulsa, serving clients that included Logitech, Polycom, Hilti, Microsoft, the Stanford Research Institute, the University of Oklahoma's College of Engineering and other technology leaders. He is a U.S. Navy veteran.
Email: isaac.obannon - @ - cpapracticeadvisor.com
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Artificial Intelligence
Numeric Raises $10 Million to Transform Accounting with AI
Hundreds of private and public companies leverage Numeric to perform technical accounting research, proactively flag data discrepancies, draft variance explanations, and automate recurring month-end close processes.
Taxes
Most Tax Pros, Corporate and Public, Believe AI Should Be in Their Toolbox
77% of tax professionals believe AI technology can be applied to their work, and 56% of in-house corporate tax teams think their external tax advisers’ firms should be using AI.
Payroll
New Hire Screening Survey Helps Optimize WOTC Credits
Arvo claims that businesses can recoup $2,400 to $9,600 per eligible new hire with WOTC, because it helps employers screen applicants and confirm eligibility.
Accounting Standards
New IFRS Accounting Standard Eases Financial Reporting for Subsidiaries
IFRS 19, "Subsidiaries without Public Accountability: Disclosures," permits eligible subsidiaries to use IFRS Accounting Standards with reduced disclosures.
Small Business
95% of Small Biz Owners Happy with Company They Started
Price hikes and cash flow are small business owner respondents’ top concerns, which is consistent with Amex Trendex findings over the past year.
Payroll
Many Great Resignation Job Switchers are Now Regretting the Move
A new survey of U.S. workers reveals those who changed jobs since the pandemic are significantly less satisfied with their jobs than their colleagues who stayed.
Payroll
Patriot Software Launches 1099 Contractor Portal Feature
The contractor portal is a free feature for both accounting software and payroll software customers who pay 1099 independent contractors.
Auditing
AuditBoard Adds InfoSec Solution Enhancements for Cyber Risks
New capabilities include enhanced AI automation, customizable automated workflows, and real-time analytics.
Wipro and Kognitos Collaborate to Deploy GenAI-Based Business Automation Solutions
In addition to this, Wipro Ventures, Wipro's corporate investment arm, invested in Kognitos as part of the firm's Series A funding round.
Accounting
Expensify to Launch New Travel Expense Platform
Expensify has partnered with Spotnana to create a new robust travel offering in Expensify, built on top of Spotnana’s cloud-based Travel-as-a-Service platform.
Staffing
AI Spurs Rise in Cybersecurity Among U.S. Workers
Fear of exposing their organization to a cyber attack is particularly high among younger generations, with Gen Z and Millennial employees less likely to feel equipped to identify and respond.