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ASIC issues call to action regarding AI cyber risks

Australian accounting firms rolling out AI at pace, survey finds

A global survey has indicated that the majority of Australian accounting and audit firms have already embedded or piloted AI into their strategies.

Lack of AI training leads to fragmentation tax: Atlassian
Over 1 in 2 firms have AI privacy concerns: Intuit
Australia leading the focus on AI governance, cyber security: KPMG
AI driving rapid rise in sophisticated scam emails: Eftsure

Organisations may need to rethink payment approvals and verification processes as cyber criminals ramp up their use of AI to impersonate executives and manipulate approval chains, according to Eftsure.

Bulk of generative AI data policy violations involve regulated data, report reveals
Ethics more important in the age of AI, CPA says

As CPA Australia celebrated its 140th anniversary at a gala dinner in Sydney in March, the accounting body has emphasised the continuing need for trusted, accountable professionals.

Using AI to automate transactional work, redesign roles
Beachside bookkeeping: The Adelaide sole practitioner proving AI can double your revenue

For decades, the narrative surrounding accounting sole practitioners has followed a predictable, often exhausting script: burnout-inducing hours, limited capacity, and the relentless pressure of managing both client delivery ...

Every firm needs an AI strategy with robust governance