Generative AI is being used as a way to train people on cybersecurity threats by providing real-time simulations of cyber attacks. Two recently launched products demonstrate the interest companies have in providing such training. Enterprise cloud email security platform Ironscales announced the beta launch of GPT-powered Phishing Simulation Testing (PST),
The head of the International Auditing and Assurance Standard Board views the recently proposed standard for sustainability reporting assurance as a way to make those reports more verifiable. The IAASB released the proposed International Standard on Sustainability Assurance 5000, “General Requirements for Sustainability Assurance Engagements,” last week for public comment
U.S. Attorney General Merrick Garland has appointed a special counsel to oversee the Justice Department’s ongoing criminal investigation into President Joe Biden’s son over his taxes, a major development after a controversial plea deal reached by Hunter Biden fell apart in court last month. Garland has named U.S. Attorney David
Confidence man; Bits & Bytes & busted; lost that bet; and other highlights of recent tax cases. Chambersburg, Pennsylvania: Tax preparer Guibbonz Marcellus, 42, has been convicted of 23 counts of aiding and assisting in the preparation of fraudulent returns. He operated M&M Confident Multi Services from 2013 to 2016.
A bipartisan group of four U.S. senators wants the Internal Revenue Service and Treasury Department to investigate whether nonprofit hospitals are abusing their tax-exempt status. The lawmakers pointed to cases of nonprofit hospitals charging full price for services that should have been free or discounted. They also said some of
Jackpot tax bite; still a hard world; it’s your time; and other highlights from our favorite tax bloggers. More disasters Taxing Subjects (https://www.drakesoftware.com/blog): The IRS aims to eliminate 200 million pieces of paper every year. A look at the next few steps in this grand plan. Procedurally Taxing (https://procedurallytaxing.com): The
Ivix, an Israeli startup company with offices in New York that’s advised by some former top IRS officials, has received $12.5 million in Series A funding to help the company sell its artificial intelligence software to governments to help them crack down on tax evasion and other financial crimes. The
The Internal Revenue Service and the Treasury Department said Friday they will be issuing rules for prescription drug makers and importers about a new tax imposed by a provision in last year’s Inflation Reduction Act to allow Medicare to negotiate on the prices of many medications. Notice 2023-52 says the
Aidan Hunt has been interested in finance ever since he was a child, when he would borrow tax-related instruction booklets from the library, before e-filing became common. To Hunt, accounting is a well-oiled system that requires accountants to factor thousands of different scenarios into reaching a solution, and his interest
Under the counter; a New Look but an old story; unAffordable behavior; and other highlights of recent tax cases. South El Monte, California: Former sales manager Wing Hong Lee, 50, of Alhambra, California, has been sentenced to 18 months in prison for embezzlement and for filing false returns. Lee, who