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ProPublica did a story on “how remote work and artificial intelligence are ushering in new kinds of fraud in state and local governments” and interviewed Washington state auditor Brandi Pritchard. As far as we can tell, it’s the largest government misappropriation [by an employee] in Washington state’s history.
The models can read documents and pull-out information that auditors are looking for. “It It makes doing audits much faster, eliminating some of the human error, providing move value to some of the accounting audit work that we do for our clients,” he said. “The appeared first on Going Concern.
“IRS tech is so ‘archaic’ the agency struggles to find people to work it” from The Washington Post : The Internal Revenue Service, which funds nearly everything the federal government does, uses information technology that is creaking with old age. Yet that is what the IRS deals with every day.”
Fun President’s Day fact: although the third Monday in February is meant to recognize the birthdays of both first president George Washington and original hipster Abraham Lincoln, only Washington’s birthday — February 22 — is officially recognized in federal law ( 5 U.S. Everyone’s out buying mattresses.
Steve Harvey Details Owing Over $20M To The IRS — ‘They Were Cashing The Checks, Keeping The Money’ [ AfroTech ] “My old taxaccountant, who passed, had done some, let’s say, not so smart things,” Steve Harvey said. ASIC’s investigation into Big Un is ongoing.
Thomson Reuters ] In recent years, the tax, accounting, and audit profession has experienced a staffing crunch. News Audit of state auditor delayed; Gallion calls it ‘redundant, unnecessary’ [ North Dakota Monitor via Yahoo! Despite the cuts, the company plans to grow its overall headcount in the 2025 fiscal year and beyond.
How will AI affect accounting jobs? Thomson Reuters ] While 51% of accounting professionals believe that ChatGPT and generative AI should be applied to tax, accounting, and audit work, opinions are divided about the usefulness of AI tools. Former Citi call center in Gray purchased by accounting firm [ WCYB ] What firm?
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