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AI presents one of the most important strategic choices facing accounting firms: how to capture meaningful productivity gains while protecting quality, confidentiality, and professional judgment. Most accountants have developed experience with generative artificial intelligence tools through experimentation, but that is no longer enough.

Federal law requires tax and accounting professionals to create and maintain a Written Information Security Plan to help protect client information from identity thieves and data breaches. The IRS offers publications and other resources to help tax professionals develop, test, and update these plans.

To fulfill their professional obligations, tax practitioners – attorneys, certified public accountants, enrolled agents, enrolled retirement plan agents, and tax return preparers who participate in the Internal Revenue Service's voluntary Annual Filing Season Program – must comply with Circular 230, Regulations Governing Practice before the Internal Revenue Service.

CAMICO shares this Frequently Asked Questions (FAQ) guide to highlight common policyholder inquiries regarding the risk management implications of using Generative Artificial Intelligence.

A Written Information Security Plan – or WISP – is just one tool for tax professionals to protect their client’s data, and it’s required by law. The IRS and the Security Summit partners have created an easy sample guide that tax pros can use when making their own WISP.

Students sitting in accounting classrooms enter a profession where tools like ChatGPT, Claude, Microsoft Copilot, Google Gemini, and purpose-built platforms like CaseWare AI and Vic.ai are already embedded in audit workflows, tax research, financial analysis, and client communication. The question is not whether they will use these tools. They will. The question is whether they will use them wisely.

This article will unpack five tasks you may not know you can do with Copilot and why they matter for accounting and financial professionals. These should help you get started using Copilot more creatively, efficiently and productively.

Boost productivity. Manage schedules. Develop marketing materials. Create a viral video. Whatever it is that you need to do today, there’s an app to help you get it done. GSCPA’s Director of Technology & Multimedia Services Calvin Wong shares some of the newest apps he has tested to help save you time and money, and maybe even impress your kids with your new skills.

The risk of cyber threats continues to grow for CPA firms, along with other professional services firms, as all are considered prime targets for cyber criminals given the wealth of sensitive client data, financial information, and/or legal documents they maintain.

For firm leaders navigating changing client expectations, talent shortages and the pressure to deliver faster insights, artificial intelligence (AI) presents a critical opportunity.