AICPA chair Carla McCall talks about how accounting firms need to work together so they can all thrive separately. 

YouTuber, podcaster and advisor Jason Staats discussed the practical issues in AI implementation for accountants during Xerocon this week.

Sage Intaact touts enhanced features for global market; Certinia's Summer 2024 release focuses on efficiency; Korean payments company SentBe goes global; and other accounting tech news.

Diya Jolly, chief product and technology officer with Xero, previewed its proprietary gen AI assistant JAX, which she said controls hallucinations for enhanced accuracy.

Three-quarters of business leaders expect increased return on investment for generative AI will increase in the next three years, according to a new KPMG survey.

Diya Jolly, Xero's chief product and technology officer, announced several new products and enhancements for bank reconciliations, payments, compliance and more.

CEO Sukhinder Singh Cassidy outlined her "Win On Purpose" strategy, which involves a focus on accounting, payments and payroll in the U.S., U.K. and Australian markets.

Accounting tech space sees major acquisitions this week; Bitwave releases Data Fusion tool for digital assets; TaxValet gains B-corp status; and other accounting tech news.

Plus, AI and the SMB landscape, the evolution of Chromebooks and other recent developments in technology.

When asked to rate how much they use generative AI tools on a scale from 1-10, accountants rated their overall use at 1.56

TaxDome announced the release of TaxDome AI, meant to facilitate document management tasks.

A study says that the most efficient way to use generative AI is a combination of robotic process automation and application programming interfaces, but it is also the most difficult to implement.

Plus, CAQ releases generative AI guide for audit committees; US Bank announces new AR solution; and other accounting tech news.

Tax compliance solutions provider Avalara announced the release of its latest AI offering, a chatbot called Avi which can answer product questions, general tax questions, and troubleshoot issues.

PwC announced the rollout of its new ChatNational large language model AI for internal staff, which is designed exclusively for research questions versus the more general use ChatPwC

A recently introduced Senate bill would direct the federal government to develop third party audit standards for AI.

SafeSend announced the rebrand of SafeSend Suite to SafeSend One, which now features the new Next Gen Gather AI solution to help professionals gather client documents.

Generative AI continues to build in the accounting world, as both KPMG and Armanino announced new capacities in their respective audit tools.

A recent survey of tax professionals has found that practitioners hold both excitement and concerns about generative AI, though there is slightly more of the latter than the former.