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Australian accounting firms are increasingly using AI not just to streamline back-office tasks, but to transform how they partner with clients through proactive insights, real-time analysis, and refined communication.
The RBA governor has said that AI could deliver sizeable economic benefits, but labour market adjustments could pose challenges for workers.
A recent survey by EY has found that while most Australian workers use AI, many lack support and fear breaching regulatory rules.
As mandatory sustainability reporting requirements take effect this year, Agricultural Innovation Australia has released a new environmental accounting platform.
As Scams Awareness Week kicks off, the accounting industry is rallying to emphasise the importance of strengthened cyber protections and awareness to reduce the risk to businesses and individuals.
Accounting professionals are facing a widening skills gap in AI, with most admitting they lack a clear strategy and remain stuck in the experimentation stage.
Goldman Sachs has predicted that AI adoption will have a modest and temporary impact on the workforce, but accountants and auditors face a high risk of displacement.
Ahead of its 2025 Tax Summit, The Tax Institute has urged tax agents to carefully evaluate AI outputs, as they held the final responsibility for any mistakes made by the AI tools they used.
KPMG Australia recorded $2.315 billion in revenue over the 2025 financial year, partly attributing the “strong result” to boosted investments in technologies such as AI.
As AI uptake continues to grow, a new survey has found that a majority of Australian companies lack strong AI governance and training policies.
Fit-for-purpose governance frameworks for AI will significantly benefit public sector organisations to bolster data protection, transparency and accountability, CPA Australia has said.
