October 2024

Intuit Launches AI-Driven Enterprise Suite for Mid-Market Business Growth

Intuit has launched its new Intuit Enterprise Suite, an AI-driven, scalable financial management platform aimed at mid-market businesses with complex needs. This integrated suite is designed to streamline financial processes, enhance productivity, and support profitable growth, making it an attractive option for businesses managing multiple entities and seeking comprehensive solutions. Key features of Intuit Enterprise […]

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Industry News & Announcements

Gusto Introduces ‘Gus’ AI Assistant to Empower Small Business Owners

Payroll solutions provider Gusto has launched “Gus,” an AI-driven assistant developed to simplify daily operations for small business owners, helping them save time, access personalized insights, and make smarter decisions. As an integrated feature on the Gusto platform, Gus is poised to streamline a range of business management tasks, from compliance queries to employee management,

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Technical Resources

How AI is Revolutionizing Fraud Detection in Forensic Accounting

As the financial landscape grows increasingly complex, forensic accountants are facing mounting challenges in detecting and preventing fraud. Traditional auditing and investigation methods, while effective in some cases, often fall short in covering the sheer volume and complexity of today’s financial data. Enter artificial intelligence (AI), an emerging tool in forensic accounting that offers new

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Technical Resources

To Track or Not to Track? A Warning from CFPB

In a recent statement, the Consumer Financial Protection Bureau (CFPB) issued a strong warning to firms regarding employee monitoring practices, emphasizing transparency and consent. As tracking technology advances, many companies are using tools like algorithmic scores and third-party reports to monitor staff behavior, productivity, and even potential union organizing activities. The CFPB cautions against collecting

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Firm Management

Marshall & Stevens Makes Its 7th Acquisition in Two Years with Equitable Value

Marshall & Stevens has announced its seventh acquisition in two years, expanding its New York presence with the purchase of Equitable Value, LLC. Founded in 2017, Equitable Value brings expertise in independent business valuations, economic damages calculations, and expert witness testimony, focusing on divorce and business litigation support, as well as gift and estate tax

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Industry News & Announcements

Bizequity’s Chief Valuation Officer Named to BVR’s Inaugural Leadership Council

Scott Gabehart, Chief Valuation Officer of BizEquity, has been appointed to the inaugural Leadership Council for Business Valuation Resources (BVR). With more than 30 years of experience in business valuation and dealmaking, Gabehart will work alongside other leaders to foster advancements within the valuation profession. Led by Chief Content Officer Elizabeth Petersen and Chief Advisory

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Industry News & Announcements

Upcoming ASA Webinar on Cannabis Business Valuation

Does Your Practice Include Valuations of Cannabis Companies? If so, this upcoming webinar hosted by the American Society of Appraisers (ASA) could be highly relevant for you in the evolving cannabis industry. Webinar: “BV548 Understanding the Emerging and Evolving Landscape in Marijuana Appraisal” With cannabis markets expanding—38 states now allow medical access and 19 states

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Industry News & Announcements

A Valuation Dilemma with OpenAI Going Private – What Is Its Value?

The recent news surrounding OpenAI’s potential conversion from a nonprofit to a for-profit entity has sparked intense discussion in the tech and finance worlds. For us as business valuation professionals, this situation presents a fascinating case study in the challenges of valuing cutting-edge technology companies. The Valuation Challenge OpenAI, the company behind ChatGPT, is considering

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Technical Resources

Valuation Automation News: BizEquity Integrates with QuickBooks Online

In a significant development for valuation professionals, BizEquity has announced a groundbreaking integration with Intuit’s QuickBooks Online. This partnership aims to simplify and enhance the business valuation process for small and medium-sized enterprises. Key highlights of this integration include: For valuation practitioners, this integration represents a valuable tool to streamline workflows and potentially improve the

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Industry News & Announcements

EY Dismissals Raise Important Questions on Ethics and Policy in Valuation Firms

Recently, Ernst & Young (EY) dismissed dozens of employees in the U.S. for attending multiple online training courses simultaneously, a move that EY described as “appropriate disciplinary action” for an ethics violation. This decision highlights a significant issue for all professional services firms: the policies governing employee behavior, especially around ethics and multitasking in mandatory

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Firm Management