Enterprise AI adoption is this edition's thread: KPMG has formalized a generative AI partnership with Anthropic, and Citrin Cooperman has put capital behind a purpose-built audit AI platform.
1. KPMG partners with Anthropic to build Claude-powered client platform KPMG and Anthropic announced a partnership to develop a "Digital Gateway" built on Claude, delivering AI-powered services across tax, audit, and advisory. KPMG is also rolling out an internal AI simulation tool to train staff on complex tax scenarios. Financial terms on the Anthropic deal were not disclosed. CPA Practice Advisor -> Read more
2. Citrin Cooperman invests in AI audit platform Tellen Citrin Cooperman, a top-25 U.S. CPA firm, made a strategic investment in Tellen, an AI-powered platform targeting audit workflows. Dollar terms were not disclosed. The deal signals continued mid-market firm appetite for purpose-built audit AI. CPA Practice Advisor -> Read more
3. AICPA backs bills to narrow BOI reporting to foreign-owned entities The AICPA announced support for federal legislation that would limit Beneficial Ownership Information reporting requirements to foreign-owned companies, removing the burden from most domestic small businesses. If passed, the change would reduce compliance workload for firms advising small business clients. Journal of Accountancy -> Read more
Next edition: Tuesday, May 29.