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Though deficiency rates slowed in 2023, they’ve consistently risen since 2020. Accounting errors can lead to embarrassing and costly legal challenges and damage business integrity. Regardless of whether firms have fully embraced AI, its rapid advancements are offering effective solutions for challenges often tackled by accounting firms. This compels firms of all sizes, from small…

These were developed in collaboration with digital communication specialists and include short videos, text descriptions, interactive graphical elements, and key take‐aways, and can be found at cogastudy.org. An accompanying blog provides an overview of new findings with an eye towards public communication. For example, it can be challenging to separate the effects of genetics from…