IRS uses AI to step up audits of large partnerships – Accounting Today

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IRS uses AI to step up audits of large partnerships – Accounting Today

The Internal Revenue Service is leveraging artificial intelligence to detect tax evasion as it uses the extra funding from the Inflation Reduction
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SEC fines Fluor $14.5M for accounting flaws – Legal Dive

Fluor failed to deploy the internal controls needed for its use of the percentage of completion accounting method, the SEC said. Published Sept.
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UKEB Draft Comment Letter: IFRS 15 and Draft Supplier Finance Arrangements

FRC News – We regulate auditors, accountants and actuaries, and we set the UK's Corporate Governance and Stewardship Codes.
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IRS PLR: 'Portability' Election Extension Granted to Allow Surviving Spouse to … – Bloomberg Tax

This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff. Learn more about Bloomberg Tax or Log In to keep reading:
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Schools can leverage games and AI to alleviate accountant shortage – Accounting Today

As accounting students start a new semester, there is a glimmer of optimism in the distance.
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