Technology
In a Battle Between ChatGPT and Accounting Students, the Students Won
While ChatGPT still has work to do in the realm of accounting, it is a game changer for teaching and learning, academics say.
Jason Bramwell
Jason Bramwell is senior staff writer for CPA Practice Advisor. He has nearly 25 years of professional writing experience, the last nine covering the accounting profession. He most recently was a staff writer and editor at Going Concern, and he previously spent five years as a staff writer and editor at AccountingWEB. He can be reached by email at jbramwell@cpapracticeadvisor.com.
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Accounting
CPA Candidates Given 12 Additional Months to Pass Exam, NASBA Says
However, individual state boards of accountancy will still need to adopt this new NASBA policy before it takes effect.
Firm Management
Deloitte U.S. to Trim Risk and Financial Advisory Staff by 3%
Overall, the Big Four firm will be letting go of roughly 1,200 employees, or 1.5% of its 80,000-person U.S. workforce.
Firm Management
Top 100 Firms EisnerAmper and Postlethwaite & Netterville Combine
More than 575 professionals from P&N will join EisnerAmper once the deal closes this summer.
Firm Management
EY is Laying Off 3,000 Employees in the U.S.
The job cuts come less than a week after EY shelved a yearlong plan to restructure the firm globally.
Accounting
FASB Issues New Accounting Rules for Investments in Tax Credit Structures
Reporting entities can now elect to account for qualifying tax equity investments using the proportional amortization method.
Accounting
FASB Issues Long-Awaited Exposure Draft on Crypto Asset Accounting
Board said fair value accounting was the right method for crypto assets, not the current cost-less-impairment model.
Taxes
IRS Sets Initial Guidance on NFTs
The IRS and the Treasury Department are leaning toward treating NFTs as a collectible for tax purposes.
Accounting
Texas Close to Allowing CPA Candidates to Test with 120 Credits
The bill, passed by the Texas Senate on Tuesday, now advances to the Texas House of Representatives for a vote.
Taxes
IRS, Treasury Let U.S. Semiconductor Chip Makers Know How to Claim Tax Credit
Tax incentive looks to boost the making of semiconductors and semiconductor manufacturing equipment in the U.S.
Accounting
FASB Sets Out Plan to Improve Income Tax Disclosures
The proposed ASU addresses investor requests for more transparency about income tax information.
Taxes
IRS Bolsters Digital Scanning Abilities
The IRS has scanned more than 120,000 paper forms 940 since the start of this year as part of its new Digital Intake initiative.