Accounting stories
Lower operating costs helped Schneider Electric NZ lift annual profit to NZD $9.2 million even as revenue fell 9.5% to NZD $175.4 million.
Transparency is becoming a bigger test for accountants as most clients back AI, but only if firms explain where it is used.
Most finance professionals now use AI, but 93 per cent worry its outputs may be inaccurate or biased, a new survey finds.
Finance teams could cut manual reconciliation prep time as BlackLine rolls out an AI tool built for audit trails and human oversight.
Beauty and wellness operators can now cut manual bookkeeping as financial data flows straight from Fresha into Xero and QuickBooks.
Firms in regulated sectors could clear conflicts and screen deals faster as Intapp ties its new AI tool to internal rules and records.
Businesses are narrowing AI deployments to specific tasks as scrutiny grows over costs, returns and the need for human judgement.
The rollout aims to cut manual bookkeeping and speed cash flow decisions for Xero's 5 million customers worldwide.
Many finance teams are spending the equivalent of days a week checking AI outputs, wiping out hoped-for productivity gains and slowing adoption.
The move puts human checks at the centre of AI-assisted modelling, as finance teams face greater scrutiny over errors in Excel outputs.
His appointment puts a South African at the head of CIMA as the profession grapples with AI, trust and talent shortages.
Client mandates and staff retention are at risk as most professional services firms struggle to turn widespread AI use into daily practice.
Firms facing a deepening hiring crunch may use specialist AI agents to handle routine accounting tasks as regulatory workloads rise.
More US high school students will get classroom finance lessons as free Intuit materials are folded into a new AP course.
Vacancies in the capital are forecast to rise 17% next year, lifting London to 52% of UK finance recruitment as hiring narrows.
Unchecked AI could distort finance decisions and damage trust, as UK firms rush adoption without enough governance, oversight or training.
Small firms will get training, app integrations and guides as OpenAI courts a lucrative market of lean teams seeking to automate routine tasks.
The move is designed to improve audit consistency, speed staff training and help the firm scale more effectively across engagements.
The move will let auditors review entire ledgers for anomalies, as BDO UK seeks to lift quality and reduce manual sampling ahead of year ends.
Only about one in 10 senior finance candidates can prove practical AI use, leaving UK employers short of leaders able to meet new hiring demands.