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How AI tax and financial advice is costing Australian businesses

Will AI Replace Bookkeepers & Accountants? What the Data Actually Says

Will accounting be replaced by AI? It is the question that keeps bookkeepers awake at 2am, and you deserve an honest answer. So here it is. Artificial intelligence is transforming accounting faster than any tool since the ...

KPMG partner admits to inappropriate access to documents in procurement of major Westpac contract
ASIC issues call to action regarding AI cyber risks

The regulator has urged service providers and market participants to strengthen cyber security measures amid an intensified risk environment.

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.