Chris Gaetano is the technology editor for Accounting Today. He brings with him more than a decade of experience covering the accounting profession as part of the NYSSCPA's Trusted Professional. Prior to that, he was a local news reporter at Greater Media Newspapers in New Jersey. He graduated from Rowan University, in Glassboro, NJ.
A significant proportion of people are following financial advice given to them by AI models, and many reported losing $100 or more.
The House of Representatives passed a resolution to repeal the regulations that created reporting requirements for digital asset brokers using decentralized finance systems.
The White House has canceled the October 2023 executive order from the previous administration on AI regulation and oversight.
A group of Republican lawmakers sent a letter to the incoming Trump administration asking it to end the IRS Direct File service via a day one executive order.
The Corporate Transparency Act, ostensibly meant to address scams and other crimes, has ironically opened the door to new kinds of scams directed at small-business owners.
The White House has vetoed a bill that would have repealed a measure requiring custodians of crypto assets to count them as liabilities on their balance sheets.
ChatGPT accurately predicted earnings directions 60% of the time versus 52.71% for human analysts.
An international coalition of tax authorities has released a list of possible risk indicators for cryptocurrency-related crimes, many of which have to do with privacy and anonymity.
An experiment tested different generative AI models against each other on multiple choice questions from CPA Exam test prep material, and found they have their own strengths and weaknesses.
Companies using artificial intelligence have a long way to go before people will fully trust them to help with their taxes, according to a recent poll.
The IRS is forming a centralized oversight strategy for digital assets, but implementing it has been frustrated by delays in the regulatory approval process.
Intuit announced a raft of new capacities and features, mostly focused on automation, workflow efficiency and integration.
The Securities and Exchange Commission approved new rules that would require entities to disclose material cybersecurity incidents.
Cryptocurrency fraud losses nearly doubled last year in this country, a marked contrast with the rest of the world, where they actually fell by around half.
ChatGPT scored terribly on a practice CPA exam, scoring 39% in REG, 46% in AUD, 35% in FAR and 48% in BEC.
Cybersecurity company Cyberarkan used the AI-driven text generator to create a new strain of malware capable of bypassing traditional controls.
On many unregulated cryptocurrency exchanges, wash sales may be highly inflating stated volume, according to a recent study.
A recent study has found a correlation between tax scrutiny of digital assets and the use of tax loss harvesting as a compensating measure.
A recent study has found that the number of people who overestimate how savvy they are has grown.
A recent study has found that 96% had still not filed their taxes as of the end of March, with confusion over how to do so being the primary reason.