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IRS Deploys Artificial Intelligence For Audit Targets: Hedge Funds, Real Estate Companies On List
Friday, September 8, 2023 - 12:26pm | 414The Internal Revenue Service (IRS) this month is set to audit 75 major partnerships, including leading hedge funds and real estate companies. The selected entities, which have an average of $10 billion in assets, were identified with the assistance of artificial intelligence (AI) tools, allowing...
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Auditing Firm Mazars Group Suspends Work With Crypto Clients: Report
Friday, December 16, 2022 - 11:19am | 509Auditing firm Mazars Group suspended work for all cryptocurrency clients worldwide, according to Binance (CRYPTO: BNB), a cryptocurrency exchange and client of the auditing firm. “Mazars has indicated that they will temporarily pause their work with all of their crypto clients...
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China Asks US-Listed Companies To Prepare For Audit Inspections: Will That Ease Delisting Fears For BABA And Others?
Tuesday, March 22, 2022 - 11:38am | 503The backlash recently suffered by U.S.-listed Chinese stocks is partly attributable to fears of potential delistings in the U.S. The delisting threat stems from the SEC's mandate that the companies should share their audit inspection as a precondition for continued listing in the U.S. It...