Wolters Kluwer has added Generative AI to CCH AnswerConnect. The company this week also introduced AI Labs, available by invitation only, for clients to preview beta versions of AI features in development.

 The SEC has banned BF Borgers from audit work for what the agency called “deliberate and systemic” failures to conduct hundreds of audits according to standards of the Public Company Accounting Oversight Board

Tax season closed with a strong finish with returns exceeding 2023 totals by 1.5 percent. The Internal Revenue Service reported receiving 139,137,000 returns for the period ended April 19, up from 137,144,000 through April 21, 2023.